Articles tagged 'czi'

Festive season shaping up well 19 November 2018 HARARE - In a development that bodes well for the festive season, retailers say they are now operating at near full capacity after a turbulent few weeks which saw panicking Zimbabweans besieging supermarkets for basic consumer goods. The panic buying had been triggered by the government's intr...
Massive job losses loom 25 October 2018 HARARE - The lifting of a protectionist policy introduced by former president Robert Mugabe's regime last year to promote local production could see companies closing shop, resulting in massive job losses, industrialists warned yesterday. On Tuesday, Cabinet revoked Statutory Instrument (SI) 1...
Companies close as Zim burns 9 October 2018 HARARE - Zimbabwe's fragile economy continued to implode yesterday as several companies temporarily shut down at a time prices of basic commodities continue to rise exponentially due to lack of foreign currency. Sifelani Jabangwe, president of the Confederation of Zimbabwe Industries, yesterda...
Pressure on petrol prices 24 July 2018 HARARE - Petrol prices are marginally increasing at some pump stations after holding steady for the better part of the month. Observers fear the increases, blamed on bottlenecks in the supply chain, could have ripple effects on food prices. As of yesterday, some fuel stations were retailing...
ED externalisation list: Business pressures govt 1 April 2018 HARARE - Zimbabwe's largest business lobby group, the Confederation of Zimbabwe Industries (CZI), is pressing government to clear 40 of its members who were “wrongly” listed as money externalisers by President Emmerson Mnangagwa. The body has scheduled a meeting with central bank governor, Joh...
Industry calls for commodity exchange 24 January 2018 HARARE – Zimbabwe's business community has advised the government to resuscitate the country's commodity exchange in a bid to boost agricultural production. The country previously had a thriving commodity exchange, which was closed in 2001 when government gave the monopoly on corn and wheat tr...
High electricity tariffs crippling industry: CZI 15 January 2018 HARARE - The Confederation of Zimbabwe Industries (CZI) is pleading with the Zimbabwe Energy Regulatory Authority (Zera) to slash power tariffs in order to ensure viability of its members' businesses. In its presentation to Zera, Zimbabwe's largest industrial representative group wants Zera to...
Zim business confidence down 20 December 2017 HARARE - Business confidence in Zimbabwe was at an all-time low in the third quarter as a result of political uncertainty, poor economic performance, policy confusion and a general lack of leadership, a Confederation of Zimbabwe Industries latest survey shows. The composite business confidence...
These are encouraging economic signs 29 October 2017 HARARE - It's not every time that hard-pressed Zimbabweans get to hear news from industrialists that cheers them up because conversations amongst business leaders are most of the time dominated by depressing news. If it’s not the slow pace of bank transfers for cross-border transactions occasi...
Hard-pressed Zim industry cuts working hours 26 October 2017 HARARE - Zimbabwe's manufacturers have been squeezed harder by the deteriorating economy, with the sector retrenching and cutting working hours on the back of decreased capacity utilisation, the latest Confederation of Zimbabwe Industries (CZI)'s survey has revealed. This comes as the struggli...
Fears of hoarding as price increases loom 16 June 2017 HARARE – The looming increases in the prices of certain basic commodities due to a government directive to millers and manufacturers to add nutrients in their production is seen fuelling hoarding and creating a black market for the basics. This comes as large-scale millers of mealie-meal and f...
Zim industry engages banks 13 January 2017 HARARE - The Confederation of Zimbabwe Industries (CZI) said it has engaged financial institutions over delays in foreign payments. This comes as local industry has been struggling to import raw materials since late last year due to lack of foreign currency and banks’ delay in settling interna...
3 000 lose jobs in 9 months 28 December 2016 HARARE - Palpable fear has gripped workers across the country as more companies continue to lay off large numbers of their staff, a direct consequence of the prevailing tough economic situation in the country. Latest figures from the Reserve Bank of Zimbabwe (RBZ) revealed that nearly 3 000 pe...
Zim industry rebounds: CZI 24 November 2016 HARARE - The Confederation of Zimbabwe Industries (CZI) has sensationally claimed that local industry is on a rebound despite the worsening economic situation in the country that has seen gross domestic product growth being slashed by half this year. In a surprisingly optimistic survey release...
Zim vehicle plates overpriced – Industry 30 October 2016 HARARE - The Confederation of Zimbabwe Industries (CZI) has called on government to reduce the cost of local vehicle number plates, pointing out that it is too high compared to regional countries. In the body's recommendations and expectations for the upcoming 2017 National Budget, CZI pointed...
Industry backs Chinamasa 20 October 2016 HARARE - Industry has rallied behind Finance minister Patrick Chinamasa’s recently rejected civil service restructuring reforms and salary cuts saying the measures were a necessary evil for economic revival. The Confederation of Zimbabwe Industries (CZI) on Monday said the government’s wage bi...
Industry calls for long-term solutions 27 May 2016 HARARE - The Confederation of Zimbabwe Industries (CZI) says it is engaging the government to come up with long-term solutions to present economic challenges. “The economy remains very delicate when my term started last year. We had hoped that by now we would be somewhere in terms of growing c...
Zim targets 2,7pc growth rate for 2016 24 November 2015 HARARE - Zimbabwe is targeting to grow its economy by 2,7 percent next year driven by agricultural recovery and growth in the mining sector, businessdaily has learnt. The figure — described by analysts as “very optimistic” — came out in the budget strategy paper prepared by Treasury released o...
Industry slams govt Telecel takeover 24 November 2015 MUTARE - Industry has slammed government's seizure of a controlling stake in Telecel Zimbabwe (Telecel) in a controversial $40 million deal, saying the whole transaction reeks of double standards since the State is supposed to be the regulator and not a player. This week, the cash-strapped Zim...
CZI calls for criminalisation of side-marketing 24 November 2015 MUTARE - Confederation of Zimbabwe Industries (CZI) has called for the enactment of a law that criminalises “side-marketing” to protect agricultural financiers. Side-marketing is when a farmer decides to sell their produce outside the contractual agreement after being supplied with inputs to g...
Industry calls for devaluation 9 October 2015 HARARE - Zimbabwe must facilitate for a devaluation process of the United States Dollar to lower basic commodity prices and improve the country's export competitiveness, the Confederation of Zimbabwe Industries (CZI) has said. In 2009, the country ditched its infamous local currency and adopte...
Zim business sentiment 'hit all-time low' 8 October 2015 HARARE - The Confederation of Zimbabwe Industries (CZI) says business sentiments in the country have reached an all-time low due to the deteriorating economic situation. Launching CZI's Business Confidence Index (BCI) — which assesses the level of confidence in the industry and strength of the...
Zim life to get worse, darker 5 September 2015 HARARE - The gloom enveloping Zimbabwe as a result of the country's decades-long political and economic crises is set to worsen following an increase in power outages — with industrialists and economists warning yesterday that this would cripple Harare's already moribund economy further and lead ...
'Doers, stand up and be counted' 12 May 2015 HARARE - Outgoing Confederation of Zimbabwe Industries (CZI) president — Charles Msipa — whose tenure ends this Thursday believes there are many thinkers who need to leave their comfort zones and help to turnaround the economy whose sorry state is summed up by rapid de-industrialisation. Below...
Zim business pursues SA opportunities 9 April 2015 HARARE - A Zimbabwean business delegation is today expected to meet with counterparts from South Africa at a forum to be held in Pretoria to explore trade and investment opportunities. The delegation is part of President Robert Mugabe’s official three-day state visit to neighbouring South Afri...