AFC shuts down, lays off 500

ONE of the country’s largest ferrochrome producers, African Chrome fields (ACF), has shut down its mining operations in Kwekwe, laying off over 500 workers.

The company is owned by South African businessman Zunaid Moti, with the Zimbabwe National Army believed to be dormant partners in the company.

Moti told Southern Eye that he was under pressure to pull out of Zimbabwe because of the country’s negative image and the collapsing economy which was affecting operations at ACF.

This story is for NewsDay subscribers.