Business leaders, captains of the industry have questioned Mthuli Ncube‘s claims at the Davos Conference where he claimed that the economy was stabilising and cited the decline in month on month inflation, New Zimbabwe reports.
Commending on Mthuli Ncube’s Davos Interview business leaders said:
The efforts will only yield fruition if we first take charge of internal confidence issues dogging the economy. While figures presented by government indicate that month on month inflation is going down, the sad part is that we are not seeing the corresponding effect in our day to day business activities. – Securico’s Divine Ndhukula
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It is pointless to keep embarking on journeys that yield little for the nation. As you are aware, this is not the first time Ncube has been to Davos and this alone means that we still need to address issues which the investors have been raising for a long time, The information being shared by the minister is rather technical and as you recall the economy was way better off when Ncube took over than what it is now. Currently, the social safety nets in the country are very weak, hence impoverishing many people – Economist Godfrey Kanyenze
Our re-engagement efforts must reflect on how prepared our ministries are in receiving investors owing to the bureaucratic culture, corruption and the overhaul of the doing business environment – CZR Denford Mutashu
As a result, even organisers of the UK-Africa summit did not extend an invitation to Zimbabwe indicating that we still have more homework to do – Economist Prosper Chitambara
The Finance Minister was at the just-ended World Economic Forum also known as the Davos Conference where he told Bloomberg that the Zimbabwean economy was on the mend.
More: New Zimbabwe