>> Business in Zimbabwe is already tough. The economy is at risk of falling apart. But for James Mutero it's got a lot worse. His shop was one of those hit by looters this week and the damage could be critical.>> The value of the stock that we lost
we need to pay the console, we need to pay the suppliers themselves.>> James isn't the only one who will have a tough time replenishing his shelves this month. Around $480 million are owed by Zimbabwean businesses to foreign suppliers. And with a national cash shortage, some face the real risk of closing down.
Which we, I'm sure by the look of the shelves you can easily tell that most of the stocks were looted.>> To repair and replace the goods will cost James around half a million US dollars. In a country already suffering from a dollar shortage. Inflation here has hit 42%, the highest for a decade.
A lack of fuel, and a massive increase in cost has led to violent protests, and now, looting. In James' store, tills and computers were destroyed alongside the stolen groceries and meat.>> Despite the huge loss, was right now we are not treading, but we need to pay our salaries.