Captains Of Industry Waiting For ED’s Explanation Over Zim Dollar ‘Ambush’

Captains of industry said that they expect President Emmerson Mnangagwa to explain to them a number of grey areas over Statutory Instrument 242 of 2019.

The Zimbabwe National Chamber of Commerce (ZNCC) said that its members were ambushed by the government ‘s decision to ban the multi-currency system at the same time re-introducing the Zimbabwe Dollar.

ZNCC is currently holding a meeting in Victoria Falls under the theme “Expanding Horizons: Dynamic Solutions for Economic Turnaround.” Speaking to New Zimbabwe, one of the delegates attending the meeting had this to say:

We are eagerly waiting for the President so we interact with him because as industry, we want to understand a number of issues around the latest fiscal policy.

Questions being asked are why ambush people and what will be the way forward especially looking at how the industry has reacted?

ZNCC chief executive Chris Mugaga revealed that President Mnangagwa is expected at the event which is being attended by over 200 business leaders.

More: New Zimbabwe

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