HomeBusiness DigestZNCC faces viability problems

ZNCC faces viability problems

Staff Writer

THE Zimbabwe National Chamber of Commerce (ZNCC) is facing viability problems because its members are failing to pay subscriptions.

, sans-serif”>At its annual general meeting held in Harare this week, ZNCC president Luxon Zembe urged members to pay their subscriptions to improve service standards.

“We should be serious about paying our subscriptions. We cannot continue operating like this,” Zembe said.

Before the subscriptions were increased about two months ago, organisations with 10 workers were paying $50 000 annually. Now they are paying about $360 000.

Zembe said despite the increase in subscriptions, the amount was still too little to meet the costs of running the chamber.

“Right now I was supposed to be at Langkawi, Malaysia, with the president but I did not go because ZNCC has no money,” Zembe said.

He said the chamber had a weakness of depending on donations and this was creating complacency.

“We are donor-driven and we are failing to establish our own projects to raise funds,” he said.

Zembe said the chamber had been in existence for 104 years but up to now didn’t own any premises. The chamber rents its premises.

“We have been squatting for 104 years. By the end of the year we should buy our own building,” he said. Zembe said Zimbabwe’s tax level was too high.

Recent Posts

Stories you will enjoy

Recommended reading

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

NewsDay Zimbabwe will use the information you provide on this form to be in touch with you and to provide updates and marketing.