Published: 31 July 2017

MultiChoice Zimbabwe has been caught up in the country's foreign currency crisis, threatening service provision to DStv viewers in the country.

The pay per view subscribers have been struggling to pay their subscriptions as forex shortages continue to hit the country.

Most banks in the country have also suspended DStv payments.

Banks that are still accepting such payments have since increased their commission, resulting in an outcry from consumers.

Listed telecoms firm Econet has also reportedly scaled down the issuance of new debit cards for its mobile money service EcoCash, in line with the central bank's directive to monitor foreign expenditure. EcoCash also suspended payment of MultiChoice's DStv subscription at the beginning of the year.

Local financial institutions have been battling to meet foreign payment obligations on the back of low nostro balances, as foreign currency shortages in the country persist. As a result businesses, especially manufacturers and mines, have been struggling to make foreign payments. 
- fin24

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