THE Confederation of Zimbabwe Industries (CZI) has embarked on a restructuring exercise aimed at increasing its operational capacity, businessdigest
> established this week.
Outgoing president Pattison Sithole is expected to unveil the restructuring plans at the organisation’s congress due in Bulawayo next week.
Sithole confirmed that the CZI was embarking on a restructuring exercise but said it was premature to discuss the details before the congress.
“Internal discussions are still being done and are not for public consumption at this stage,” Sithole said.
But businessdigest is informed that the restructuring is meant to transform the organisation into a more critical lobby group for industry, which has suffered significantly from government policies on issues like the exchange rate.
The restructuring would increase the CZI’s efficiency in addressing industry’s plight.
The CZI has experienced a decline in membership due to the economic crisis that has resulted in the closure of industrial operations.
A number of manufacturing companies that have remained open are operating below capacity.
Some members have accused the CZI of failing to properly lobby the government to accept industry’s concerns, particularly the contentious issue of devaluation.
Sithole indicated that the restructuring exercise would help improve industrial production.
He did not specify how this would be achieved.
The CZI is an independent,self-financed organisation representing the interests of industry.
The primary purpose of the CZI is to ensure that there is a viable financial and economic environment within which industry can operate effectively and prosper, consequently contributing to national wealth and development.
“The reform is also targeted at providing up-to-date information on major sectors of the economy to potential investors,” the source added.
The CZI has of late been accused of failing to represent and address the plight of industry.