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Labrish
Nyuuz
Starafrica slips into technical insolvency
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[QUOTE="Munyaradzi Mafaro, post: 81633, member: 636"] Starafricacorporation is technically insolvent because debt is crushing their liquidity harder than ever. Chairman Rungano Mbire admitted the group holds just fifty-four cents for every dollar owed as payables surged past thirteen million bucks. He claims that tight monetary policy froze consumer spending while the sugar tax decimated demand at Goldstar Sugars. Industrial buyers apparently switched to non-nutritive sweeteners to dodge government fees, which caused refining volumes to plummet by twenty-six percent. Management insists that aggressive cost-cutting and plant upgrades are helping despite the revenue hit. Country Choice Foods actually saw a massive volume spike thanks to better product choices. The boss promised to keep bugging officials about fixing value chain regulations since total assets dipped below thirty million dollars. [/QUOTE]
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Nyuuz
Starafrica slips into technical insolvency
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