Time for CZI to speak boldly

HARARE -  As calls for economic dialogue are getting louder by the day, the onus is now on the Confederation of Zimbabwe Industries (CZI) which began its annual congress in Mutare yesterday to be bold and speak frankly with government on the need to revive the economy.

It is now clear to all and sundry that our economy is ailing and has not recovered since the controversial 2013 elections held exactly a year today.

Power cuts have worsened; most suburbs are now going for months on end without water, while many companies have fallen by the way side casting thousands of employees on to the streets.

Statistics released recently by the Zimbabwe Revenue Authority revealed that sales tax has shrunk due to lack of aggregate demand. Disposable income for the majority of Zimbabweans has wilted and supermarkets and other retail shops are no longer performing.

Finance minister Patrick Chinamasa has conceded the International Monetary Fund that his ambitious 6,1 percent gross domestic product growth rate for this year is no longer achievable and slashed the forecast to 3,1 percent.

From the way things are looking in the economy, it would be a miracle if the country registers a two percent growth rate this year. Deflationary pressures are still there and things are simply not happening. We predict that if there is no political dialogue anytime soon, the economy risks coming to a standstill in the last quarter of the year.

As such, it is imperative for captains of industry to speak with one voice and call upon the government to create a conducive environment for businesses to thrive and establish investor confidence.

CZI must use its annual congress in the Eastern border town of Mutare to come up with real solutions to problems that are affecting the economy.

Industrialists must avoid the pitfalls of turning this congress into another talk show that does not bring solid solutions for the country.

We are all looking up to CZI and other related industrial bodies to help government realise the futility of its debauched policies and the unpracticality of the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset) economic blueprint.

The Zanu PF-led government has proved beyond reasonable doubt that it is bereft of ideas to turn around the economy as evidenced by the continuous holding of belated election victory bashes at the expense of creating jobs in the economy.

What the people want are not empty election promises but food on the table, efficient service delivery, working educational, health and transport systems among others. The time is ripe for the ruling party to swallow its pride and instigate political talks with everyone in the country to move Zimbabwe forward.

Comments (4)

You can rant and rant but the fact of the matter is that people voted for ZANU PF and not your preferred MDC. Facts are stubborn.

Godfrey Gudo - 31 July 2014

The stubborn facts are in this article NOT the nonsense of a stolen election. It's a pity some people boast of the steeling which has plunged the whole nation into untold suffering.Economic dialogue is the best way forward for all right thinking people in Zimbabwe. It's not about winning or losing an election but the Zimbabwe economy for all of us.

SEKAUREMA - 31 July 2014

If the people voted for ZANU PF,then why thank China for the win instead of the Zimbabwe people who voted? Hatifaniri kupembedza umbavha huripachena nokuda kwetumabasa tunowuraya vana veZimbabwe.

manyepo - 31 July 2014

The most stubborn fact is that ZANU PF stole the 2013 election. They can never win a truly free&fair election. But the biggest headache is on the ailing economy.

mazvirokwazvo - 1 August 2014

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