HomeBusiness DigestGovt prices stifling operations - Sable

Govt prices stifling operations – Sable

Eric Chiriga

SABLE Chemicals (Pvt) Ltd (Sable) says the prices being prescribed by government are adversely impacting on their operations.

-serif”>”There is aggressive price monitoring by the government and the prices which they set are not enough to cover the costs of production,” TA Holdings chairman Shingai Mutasa said.

Sable is a subsidiary of the diversified TA Holdings group.

Government is monitoring prices in a bid to boost the agricultural industry and make inputs affordable to the newly-resettled farmers.

Mutasa said they would constantly negotiate with government and try to come up with a price favourable to all interested parties.

“We should try to come up with a price whereby we will be able to remain in business two years or more down the line,” he said.

Mutasa said Sable was a very strategic company to the country’s agriculture and land reform programme hence it should remain in production.

“Sable is critical to the agricultural industry in Zimbabwe and stakeholders must take initiatives to ensure that a balance is achieved between competing policy objectives without affecting viability of the plant,” he said.

“There should be a price whereby we operate viably and be able to maintain our current production level and even produce more.”

Mutasa said local businessmen and politicians should engage in dialogue to come up with solutions to the economic crisis.

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