Zimbabwe banks run out of money
BANKS across Zimbabwe are running out of bank notes. This comes after Reserve Bank Governor, Gideon Gono, lopped ten zeros off the Zimbabwean dollar on Friday, August 1. Gono also increased the daily cash withdrawal limit without increasing the supply of money to bank branches, resulting in many banks running out of notes. The fact that many banks have not yet received the new bank notes, and that those that have are struggling to reconfigure equipment to handle the new currency, is adding to the problem, resulting in shortages of both new and old currency notes and long bank queues in most centres. Old high-denomination bank notes remain in use in most locations.
For more see Daily Alert August 1.
National strike reminder
Cosatu will be holding a national strike on Wednesday, August 6. The strike will see disruptions to major services, including municipal services and transport (buses and mini-bus taxis). Protest demonstrations will be held in cities across the country.
Cosatu has announced a change in venue for its Pretoria march. Mass action will gather at City Hall, Visagie Street, march to the Mineral and Energy Department and thereafter to the Union Buildings.
See Daily Alert August 5 for more details and a list of cities holding marches.
