Mugabe, industry must meet urgently

HARARE - President Robert Mugabe has indicated that he wants to meet industry players before year-end to ascertain the extent of damage in the sector.

While we understand that the meeting is long overdue — as it should have been conducted last year soon after the elections — nonetheless the move is a noble one as it is a first step towards mending relations between government and the private sector.

However, our concern is that industry is currently on its deathbed and requires urgent medical attention. We feel that there is no point for the nonagenarian leader to wait until after his Zanu PF congress in December to meet the captains of industry.

Mugabe must meet the leaders as soon as possible to ensure that the ruling party comes up with solutions to help industry back on its feet through their resolutions at the congress. We fully appreciate the fact that Mugabe was recently furnished with a state-of-industry report, itself an area of contestation as it should have been done before the formulation of ZimAsset but that on its own is not enough to come up with a prescription for our ailing industries.

It is a public secret that the manufacturing sector is facing a myriad of challenges that include liquidity crunch, obsolete machinery, high utility bills and huge competition from imports.

Hence, there is need for constant engagement between the private sector and government as part of efforts to revitalise the country’s weakening economy. Both the private and public sectors have long been guilty of a linear approach towards development and economic growth.

We are at a time where there is no industry to talk about, but the country has the potential to do greater exploits, but this requires mutual cooperation between policy-makers and private players. Across the world, as the global economies continue to face fresh crisis, it is clear one stakeholder group cannot confront these challenges alone.

While companies struggle to find their feet in a dollarised economy and in the face of stiff competition from cheap imports, the public sector has the task of providing a safe incubation environment so that local businesses can continue to thrive. It is our humble submission that the public and private sector in Zimbabwe need to make the investment environment attractive for investors so they can bring liquidity into local markets that are urgently in need of fresh capital injections.

Stability, certainty and well-structured public-private partnerships are some of the factors that would help make Zimbabwe more attractive to foreign investors.

Finally, government must be more consultative with the private sector as they mull new and updated regulations. The future of regulation should inspire collaboration, not confrontation, as all stakeholder groups will need to rely on each other to develop this economy.

Comments (4)

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qw - 24 October 2014

the internet is a powerful media. thats why you seeing us trying to make the best out of it in trying to put our messages through. the daily news has and has always been very popular hence we take advantage of sites like this which offers a platform for everyone to be heard. we believe its every citizens responsibility to make ones country prosper and its really our responsibility as patriotic Zimbabweans to make sure our economy starts working again. We need not rely on Politicians to achieve that. One might say this is ambush marketing but our real intention is to try to push for positive thinking and at the same time proposing solutions. we all need to plan ahead as individuals to achieve one collective good, that is a resuscitated and healthy economy. Zim economy is going to recover and we need to start positioning ourselves strategically so that we benefit both as individuals and country. Be optimistic and start your own project/business venture now. Flixcom Solutions will help you register a company in Zim. we will also help you register with Zimra and be compliant. we will also help you with your bookkeeping and accounts, prepare business plans, company profiles, secure various licences required in your line of business. there are plenty of opportunities in Our country in retail, mining, agriculture and even manufacturing. you dont need to start big, you can start very small, but with a vision of growing big. email: flixcomsol@gmail.comor call us 0771 419 294 or 0776 228 760

Flixcom Solutions - 24 October 2014

Mugabe, industry must meet urgently !!!!!! Wrong they must separate urgently. Tell me exactly what has Mugabe got to offer now at 90 odd years old ????? well and truly passed his sell by date by 30 years. This expired Englishman does not and will never know anything about running a street corner tuck shop , let alone Zimbabwe's economy. Has he already forgotten that he holds the world record for inflation, my advice to industry is to stay away from a man who has the above cv which include degrees in violence, corruption and rigging. My advice to industry if you do meet is to tell him to stand down with immediate effect , nothing else to discuss.

ronaldos - 25 October 2014

@ronaldos - you have it spot on! Well said

saundy - 27 October 2014

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