Source: Companies turn to ‘ osiphatheleni’ for forex | The Herald August 2,. “ Currently, RBZ is prioritising fuel and the recent shortage of the product is largely attributed to the forex challenges in the country.
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The table below shows historical exchange rates between the Hungarian Forint ( HUF) and the British Pound ( GBP) between 4/ 8/ 20/ 3/. To address forex challenges, Gwanyanya said Zimbabwe needed to increase production while reducing non- productive expenditure.
Prosper Ndlovu Bulawayo Bureau THE ongoing cash shortages in the economy have forced several manufacturing companies to seek foreign currency from illegal dealers popularly known as “ osiphatheleni” so as to procure raw materials. Its mission is to keep traders connected to the markets, and to each other, in ways that positively influence their trading results.
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