THE Zimbabwe National Chamber of Commerce (ZNCC) is set to undergo a major restructuring by the end of the year after attempts to merge with the Confederation of Zimbabwe Industries (CZI) failed.
At their just-ended annual general meeting, ZNCC leaders were given a mandate by members to drive the idea of uniting business so that it speaks with one voice. The restructuring would culminate in the formation of a council comprising presidents of various sectors under the ZNCC. ZNCC has membership from mining, banking, retailing and horticulture among others.
ZNCC president Luxon Zembe told businessdigest this week that the need to restructure arose after the merger with CZI failed.
“The merger has been elusive and ZNCC has waited for too long so that business in Zimbabwe could unite,” he said.
“We want all business associations to be united under one umbrella so that they will speak with one voice.”
Zembe said ZNCC had the leverage to drive businesses in Zimbabwe as its membership cut through all sectors.
ZNCC membership presently stands at 1 500, which Zembe said made the chamber the largest and most diversified business body.
The restructuring could also culminate in a name change for the chamber.
Possible names include Zimbabwe Chamber of Business and Business Zimbabwe.
Zembe said business representatives had agreed that they would come up with a new name that they recognise.
“There are two options – either they will transform ZNCC or they may find a new name representative of commerce as long as it does not duplicate others. The word chamber has goodwill internationally,” he said.
ZNCC has over the past years been unsuccessful in its bid to merge with CZI, which repeatedly said merging with ZNCC was not a priority.
The chamber is also battling to meet the requirements needed by the International Chamber of Commerce to adopt the ATA Carnet system. Countries on the system do not pay duty when entering a country on the same chain to exhibit goods and services.
“We are waiting for a response from the Ministry of Finance before we forward the application to ICC,” Zembe said.