ZETDC told Bloomberg that it "is experiencing a power shortfall due to generation" and "limited imports." The power company conducted load shedding to "balance the power supply available and the connected load." This involves widespread cuts to industrial and agricultural areas. Hospitals, water, sewer installations, and oxygen-producing plants are going to be spared during the blackouts. Reports indicate communication disruptions could be seen. Traffic disruptions are expected. Trains might experience delays. And there's a severe risk that ATMs and petrol stations could go dark. With the economy in shambles, the Zimbabwe government is learning the hard way it simply can't print electricity.
IVZ Price at posting:
17.3¢ Sentiment: Buy Disclosure: Held
