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Stayaway Might Have Cost Zimbabwe $300 Million, CZI

5 years agoThu, 17 Jan 2019 00:15:59 GMT
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Stayaway Might Have Cost Zimbabwe $300 Million, CZI

The Confederation of Zimbabwe Industries (CZI) president Sifelani Jabangwe, has said Zimbabwe could have lost up to $300 million in productivity due to the stayaway. The ZCTU called for a 3-day stayaway which started on 14 January  and ended on 16 January 2019.

Speaking to The Herald, Jabangwe said:

The only way we can measure the loss is through GPD. We record about $100 million per day and given that some companies operated on skeletal staff in the last three days, the economy lost could be between $70 million and $100 million per day.

The strike has significantly affected our members in terms of production and sales. We are also concerned about the loss of life that we hear, which is unfortunate. These are economically active that we lost.

More: The Herald

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