Industry Captains Lament Economic Woes

Captains of the Industry while speaking to the Sunday Mail lamented the economic chaos in the country and said it incapacitated both the buyer and the worker. CZI President Henry Ruzvidzo told the publication that the decline in productivity may result in job losses:

The decline against 2018 performance will be significant. As companies scale down operations, loss of jobs is inevitable. while one solution is to increase local production and reduce imports the opposite is happening. Our trade balance with regional partners is now tilted in their favour even for the small economies


Meanwhile, Confederation of Zimbabwe Retailers, Mr Denford Mutashu said both the formal and informal market needed to work together to reach maximum utilisation:

What we need as a country is utilisation at a broader context, harnessing working together between the formal and informal sectors.

Firms are encouraged to grow their production with a greater intent of maximising their potential in export market in order to grow the country’s export earnings and to avert the crippling foreign currency shortages being experienced in the country

More: The Sunday Mail



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