Sokwanele - Zvakwana - Enough is Enough

Zimbabwe Business Watch : Week 23

The surge of investor interest continues against the background of the frustrations of local business that struggles to overcome the negative legacies of the Gono era.

More and more employer organizations and industrial groups as well as prominent individuals are becoming outspoken in their criticism of failed economic policies. Some industries are beginning to respond to the incentives of the Transitional Government and those that have external lines of credit are expanding rapidly. Sadly this affects only a small percentage of companies but it does indicate that the potential for growth is there.

Another large mining group has commenced operations and will be employing a further 200 workers. This is a direct response to the Minister of Finance’s instruction that gold mines are to retain their export earnings which previously disappeared into the coffers of the Reserve Bank, sometimes never to be seen again.

The cash (forex) crisis is digging deeper and many companies have been unable to pay their staff and workers for a number of months and many others are working on short time. Business looks hopefully in the direction of the Government that is striving to restore stability and credibility in an atmosphere of uncooperation and lack of team work.

This entry was posted by Sokwanele on Friday, June 5th, 2009 at 12:54 pm. You can follow any comments on this entry through the RSS 2.0 feed. You can leave a comment, or trackback from your own site.

2 Responses to “Zimbabwe Business Watch : Week 23”

Abigail G
June 12th, 2009 12:20
1

I believe it’s time Zimbabweans stopped focusing on the negative past. It hasn’t done any good and is actually retrogressive for local business and politics. Now is a good time for more positive voices in business like Max Soutter (BSG) and others who preach ‘possibility’ instead of disaster. As a business person, i can honestly say we need encouragement and education on how to survive and thrive in times like this…NOT another doom and gloom report. Does that make sense?

Abi
Reply to this comment — Quote from this comment
Abigail G
June 12th, 2009 12:25
2

Here are such voices as mentioned above… Max soutter – http://www.bizsetup.wordpress.com (and others sites) Milton Kamwendo http://www.miltonkamwendo.blogspot.com/ These We need many more of these type people…help!

Abi
Reply to this comment — http://www.miltonkamwendo.blogspot.com\/ These We need many more of these type people…help!\r\n\r\nAbi’); return false;”>Quote from this comment

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