Cottco wants its monopoly reinstated

HARARE - Cottco Holdings Limited, a Zimbabwe-based agro-industrial company engaged in buying, processing and marketing of cotton, has called on government to reinstate its monopoly on cotton marketing to ensure its viability and combat side-marketing.

“De-regulation of the industry by the government was good because it brought about competition but it also brought with it viability challenges for us in the form of side-marketing,” Cottco managing director Pious Manamike said in an interview with authoritative agriculture magazine Farmers Voice. “Indeed, we are not afraid of
competition but the playing field is not even when some companies just sprout during harvesting period and reap where they did not sow.” He said the current challenge of side-marketing could only be addressed by reinstating the monopoly, which Cottco used to enjoy before the turn of the millennium.

“Everything should be situational. Nothing should be strait-jacket. A good example is that of National Railways of Zimbabwe, you cannot have several companies providing railway services; it is the government that should do that hence we have that monopoly. Certain challenges can only be addressed by a monopoly,” he said.

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