“Why Are Companies Waiting For Economic Stability?” – RBZ

The Reserve Bank of Zimbabwe has said that companies must not wait for the economy to stabilise but should continue producing in any environment.

Speaking to captains of industry and commerce during her presentation at the 2019 bankers and banking survey launch in Harare this Thursday, the Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Dr Jesimen Chipika, said:

Why are the companies waiting for stability , our economy need production so we should forge ahead , so that by the time we are in real full swing the nation can derive more benefits.

Chipika speaks when production in the country has dwindled due to a number of factors including uncertainty brought by financial reforms, the huge deficit in power and fuel and the scarcity of foreign currency as well as dwindling demand for goods and services.

The remarks also come when some are sceptical of the local currency which is constantly losing value against risking reviving horror memories of the record high hyperinflation of 2008 which made Zimbabweans poor billionaires, including business people.

More: ZBC News

 

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6 comments on ““Why Are Companies Waiting For Economic Stability?” – RBZ

  1. Check out the the source

    Propaganda machinery chunning out garbage

    How can businesses continue to thrive under such difficult circumstances?

    How can you continue producing when effective demand has decreased beyond sustainable levels because of the vicious erosion of consumer buying power?

    With all due respect I expected something different and better from the deputy governor

    Manje uuuuum!

  2. Rbz … a joke . No idea about pricing . Labour issues … non payment of imports . No cash .fuel ? Zesa …..but guess what …. we open for business

  3. These idiots always come out on their own to display their stupidity. You can actually tell that the ticket that earned him that post is just a Border Gezi qualification and nothing more, where is fuel and electricity to run those companies when you stole all our forex and gave us worthless paper which loses value daily. Shut up if you got nothing to say clown.

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