pops wrote:Hello all over the past 10 months I have felt my business slowing down. The year started well and then it's being slowing down every month. I know the economy is under strain and is slowing down and also money liquidity is tight. That's why people are not paying debts on time. I wanted to know am I only one affected or is it a general situation. And if so how long before we see some recovery. The politics and corruption visible in government is also not encouraging.
Pops, here is insight from tea industry: I just talked to business woman commenting the same that business is way down. Her customers, who are mainly tea farmers anticipated to pay their debts with tea 'bonus' money. It's a major anticlimax this year because financial returns from tea crop were 50% lower than last year - mainly due to mismanagement. It will even be a struggle for most farmers to afford school fees, farm inputs, and groceries come January 2015.