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Entrepreneurs Still Feel Effects of Zimbabwe’s Currency Crisis

Entrepreneurs Still Feel Effects of Zimbabwe’s Currency Crisis

Jackson okoth | From Standard Digital

One morning seven years ago, the price of a loaf of bread hit one million Zimbabwean dollars. This economic meltdown hit Mr Rob Nursten, then 58, particularly hard. He had thought he would be living out his years comfortably in retirement, not watching the billions he had accumulated become worthless.

Mr Nursten’s entrepreneurial journey had seen him rise to the top of Zimbabwe’s corporate ladder; he was a risk taker and an enterprising businessman. For years, he had owned of a flourishing auto workshop that carried out repair services on the vehicle fleets of all major Zimbabwean companies.

 He later sold off the business and got into the building, construction and telecommunications sector, and in 1994, became a pioneer in Internet services in Zimbabwe.

“I finally decided to sell this business to Econet Wireless and retired from the corporate world and took up fishing, my favourite pastime,” said Mr Nursten. He retired confident he had accumulated enough money to cushion himself, his wife and daughter, who currently lives in South Africa, in his sunset years.

Read more at Standard Digital