HomeBusiness DigestStop grandstanding!'

Stop grandstanding!’

Staff Writer

BUSINESS executives have been accused of “grandstanding” to appear very knowledgeable in front of the public.

After pr

esenting his monetary policy review statement on Tuesday, Reserve Bank of Zimbabwe governor Gideon Gono – during the question and answer session – dressed down Confederation of Zimbabwe Industries (CZI) acting chief executive officer Farai Zizhou and Zimbabwe Tobacco Association president Duncan Miller.

“Some of these individuals sit on the governor’s advisory board and, therefore, should not waste time asking questions when these can be thrashed out during our weekly meetings,” Gono said.

Zizhou had asked what was being done to help struggling industrialists.

Miller, on the other hand, had asked Gono what was being done to help tobacco farmers who are unhappy about the pricing of the crop on the auction floors and rising input costs.

In April, Gono also dressed down CZI president Antony Mandiwanza and Zimsun Leisure group chief executive officer Shingi Munyeza, accusing them of abusing their positions to “grab the limelight”.

Mandiwanza had asked what the governor was doing about the continued pegging of the auction rate, while Munyeza asked what was being done to help the tourism industry.

“Such items should be brought up when we have our meetings and not when the governor gives his address,” Gono said. “These individuals have all the time to ask and chart the way forward during meetings.”

The CZI is very vocal when presentations are made despite the fact that it recommended to Gono the foreign currency auction system, pointing out that it had worked in Zambia.

However, Zambia has since discarded the system, saying instead of solving the foreign currency situation, it was, in fact, worsening the country’s economy.

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