AT least six companies from various sectors of the economy applied for either liquidation or judicial management in January this year, businessdigest has learnt.
By Kudzai Kuwaza
Many companies in Zimbabwe closed shop last year due to harsh economic challenges.
According to statistics availed by the Employers Confederation of Zimbabwe(Emcoz), companies from the retail, agriculture and commercial sectors have applied for liquidation with another company from the manufacturing sector applying for judicial management.
The applications in the first month of the year come at a time when the economic crisis is deepening characterised by a debilitating liquidity crunch as evidenced by an acute cash shortage, low capacity utilisation and obs…
Read the full article at: https://www.theindependent.co.zw/2017/03/03/five-firms-apply-liquidation/