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South Africa cuts fuel to Zimbabwe

WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.

Original Post Date: 2002-11-04  Posted By: Jan

From the News Archives of: WWW.AfricanCrisis.Org
Date & Time Posted: 11/4/2002 11:26:22 PM
South Africa cuts fuel to Zimbabwe

[I heard from some Zimbabweans today that fuel in Zimbabwe is about to skyrocket from Z$75 per litre to over Z$550 per litre. This should send inflation out into space! One should not be too hopeful that SA is shutting off Mugabe’s fuel. Chances are they will quietly organise some extra credit for him. They will bend over backwards to help him. Jan]

Zimbabwe’s precarious fuel situation is set to deepen following revelations that South African fuel company, Sasol, has stopped its supplies to Zimbabwe following last week’s expiry of the US$20 million facility which saw the country receive fuel from across the border, The Standard has learnt. The deal between Zimbabwe and Sasol had resulted in the southern and central parts of the country receiving fuel overland from South Africa from 2000. It could not be established whether fuel from another South African company, Engen, which was also being sourced for the southern and central parts of the country, was still flowing in. The fuel provided by the two companies amounted to 30% of the country’s total requirements. But with the facility now exhausted, there are signs that national fuel procurement entity, Noczim, will struggle even further to cope with demand. For the past two weeks, the southern and central parts of the country have been experiencing sporadic stock outs at filling stations, while supplies in the capital Harare have also been inconsistent.

The Standard understands that last week, the government sought forex from local financial institutions in a desperate bid to renew the facility with Sasol. The government is also said to have gone onto the black market to source forex for another fuel deal with Libya, causing the latest crash in the dollar which is now trading at up to 1 800 against the US dollar. The US$360 million facility with Libya, which was personally signed by President Mugabe and his Libyan counterpart, Muammar Gaddafi, in September, was supposed to assure Zimbabwe of uninterrupted supplies until the same month next year. The Libyans normally supply 70% of Zimbabwe’s fuel needs. But with news that the forex-starved country is defaulting on payments, the Libyans are said to have shut their pumps until all dues have been settled. Apart from a shortage of petrol and diesel, Zimbabwe is experiencing the more severe shortage of paraffin and liquid petroleum gas (LPG).

Source:Zimbabwe Standard
Published:Sun 3-Nov-2002
Author: Chengetai Zvauya
URL: http://www.zwnews.com/issuefull.cfm?ArticleID…br>