Articles tagged 'confederation of zimbabwe industries'

Zimbabwe imports under threat 12 January 2019 HARARE - The country's imports are under threat with a possibility of creating shortages, after one of the world's biggest shipping companies Mediterranean Shipping Company S.A (Zimbabwe) (Private) Limited (MSC) has written to authorities of its intention to stop the release of containers destine...
Zim approaching point of no return 11 January 2019 HARARE - Long-suffering Zimbabweans should brace themselves for more price hikes and shortages of basic goods, after stressed companies said yesterday that they were left with an average of about 10 days' worth of supplies of raw materials used in the manufacturing of key products. This comes ...
Uniform prices go up yet again 4 January 2019 HARARE - Prices of school uniforms have gone up once again ahead of the beginning of the first term for the 2019 calendar year on Tuesday. Confederation of Zimbabwe Retailers president Denford Mutashu told the Daily News yesterday that the price increases were a result of the steep cost of acc...
Zimbabwe prepares for a tough 2019 31 December 2018 HARARE - Business leaders and analysts have warned that the country's deepening economic rot will continue to ravage long-suffering Zimbabweans in 2019 — amid dire predictions that the first quarter of the new year will be particularly difficult, the Daily News can report. [Adz] [GoogleAd] ...
New economic policies affect job market 28 December 2018 HARARE - Confederation of Zimbabwe Industries (CZI) has noted that companies scaled down while there was movement on the job market between January and September this year, it scaled down towards year end after government’s introduction of new economic policies. This comes after Finance and Ec...
Two cents tax unsustainable: CZI 12 November 2018 HARARE - Industry says the controversial Intermediary Money Transfer Tax should be amended in the upcoming 2019 National Budget to improve the ease of doing business in the country. The Confederation of Zimbabwe Industries (CZI), in its budget proposal submissions, pointed out that the two per...
'Import ban must not go beyond Dec 21' 5 November 2018 HARARE - Confederation of Zimbabwe Industries (CZI) has said the lift of a ban on the import of basic goods and foodstuffs must not go beyond December 21. The lift of a ban imposed on imports of many basic goods in 2016 was aimed at curbing shortages after shelves were emptied over panic buyin...
Zim shops run empty 16 October 2018 HARARE - Many retail outlets — especially in urban areas — are running empty following the recent panic-buying of basic goods by fearful Zimbabweans who were unsettled by government's much-criticised new economic stabilisation measures. The new policy measures did not only trigger a dramatic c...
Zim retail outlets run empty 16 October 2018 HARARE - Many retail outlets — especially in urban areas — are running empty following the recent panic-buying of basic goods by fearful Zimbabweans who were unsettled by government's much-criticised new economic stabilisation measures. [Adz] [GoogleAd]
CZI congress starts Wednesday 24 September 2018 HARARE - The Confederation of Zimbabwe Industries (CZI) will hold its 2018 Congress and International Investment Forum at Holiday Inn, Bulawayo this week. The congress will start from Wednesday, September 26 to Friday, September 28, 2018. The annual gathering, which will run under the theme...
Govt to probe basic goods pricing 20 April 2018 HARARE - Government is moving to operationalise the National Competitiveness Commission (NCC) that will probe the cost structures and pricing of basic commodities, Industry, Commerce and Enterprise Development minister Mike Bimha has said. He said the move is part of a strategy to identify cos...
Fuel prices still high: CZI 15 February 2018 HARARE - The Confederation of Zimbabwe Industries (CZI) says the country's fuel and electricity prices are still high despite the recent government intervention to reduce taxes on the energy sector. “The CZI Energy and Environment committee is of the view that the prices are still too high and...
Some food prices fall slightly 6 February 2018 HARARE - Some Zimbabwe food prices have fallen slightly, after government decreed fuel retailers to cut the price of petrol and diesel by up to 7,5 percent after a tax cut. High fuel prices have caused the costs of goods in shops to stay too high, and the latest edict is part of a drive by the...
Zim neglects Italy Bippa 5 February 2018 HARARE - Zimbabwe has failed to ratify a Bilateral Investment Promotion and Protection Agreement (Bippa) it signed with Italy 19 years ago, a situation that has resulted in low trade between the two countries. Italian ambassador Enrico De Agostini said the southern African country was not sinc...
'Zim needs more bond notes' 31 January 2018 HARARE - Zimbabwe should increase the number of bond notes circulating in the country as a way of reducing inflation, an economist has said. The Confederation of Zimbabwe Industries (CZI) chairperson for the Economics and Banking Standing Committee Jimmy Psillos yesterday said the use of mobil...
Pricing madness 15 December 2017 HARARE – In spite of the softening rates on the parallel market, prices have shot through the roof in the past few weeks with most basic products now beyond the reach of many. A snap survey by the Daily News revealed that prices of basic commodities have gone up by between two and 125 percent ...
CZI wants squatters booted out 14 December 2017 MUTARE - Timber firms in Manicaland are hoping that President Emmerson Mnangagwa's government will finally act on invasions on the timber plantations by illegal settlers who were an untouchable lot during the tenure of former president Robert Mugabe's administration. Thousands of illegal settl...
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...
Zim a broken society: Moyo 1 July 2017 HARARE - Former Confederation of Zimbabwe Industries (CZI) president Busisa Moyo has said Zimbabwe is now a broken society due to lack of unity and dialogue. He accused authorities of introducing policies without consulting stakeholders and the people. “Zimbabwe is not broke but broken, we ...
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...
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...
Fiscal pressure to intensify: Baz 4 August 2014 HARARE - The Bankers Association of Zimbabwe (Baz) says pressure on the fiscus will continue for the remainder of the year due to anticipated decline in revenues against the backdrop of increasing company closures. Sam Malaba, the Baz president last week told a Confederation of Zimbabwe Indust...
Time for CZI to speak boldly 31 July 2014 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 a...