Zimbabwe’s telecommunications operators have been given regulatory approval to charge for all their products and services in foreign currency, the state-controlled Herald newspaper reported on Wednesday.

The newspaper cited industry players as saying that companies in the telecommunications sector had sought the approval in order to stay afloat - as service providers had to run operations funded almost entirely in foreign currency while still earning local currency.

To read this IOL report in full, see www.iol.co.za/index.php?set_id=1&click_id=84&art_id=nw20081231094341361C981484.