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ZNCC presses govt for early elections

THE ZIMBABWE National Chamber of Commerce has called on government to immediately hold elections, saying continued focus on politics was holding back business and the economy at large.

Hazel Ndebele

ZNCC vice-president Davis Norupiri said the voice of business was not being heard at the moment because of the focus on politics.

“We need the elections soon so as to cross the bridge and shift focus from politics to business, since in other countries business comes before politics,” said Norupiri.

ZNCC president Oswell Binha echoed the same sentiments, saying at the moment the private sector had no direct voice and business was suffering because of inconsistency in some policies which were not in its favour.

“The reason why Zimbabwe at the moment is not a destination of preference for investors is because of the inconsistency of policies and politics-related issues,” he said.

The rate at which companies were closing down was increasing, he added.

“Most companies are scaling down and some are totally closing down, especially in Bulawayo, Gweru and Mutare. This is a major problem,” he said.

“As the private sector, we are advising these companies that the country survives in a global market and at the moment we are not a destination of choice for investors and this is seriously affecting business.”

Zimbabwe’s economy has been on a growth trajectory since 2009  but critics, however, contend that this is because it is coming off a low base.

They  point to the high growth rates recorded since dollarisation as evidence. Zimbabwe’s rapid GDP growth and poor business environment were  paradoxical, they pointed out.

The country needed to fix its internal problems, which included a high risk profile, dependence on foreign aid and raw material  exports as opposed to processed products. There was also need for  a candid examination of the country’s competitiveness, analysts said.

ZNCC will hold its annual congress and AGM in Victoria Falls from June 12 to 14 at which members  will elect new board members and honour business leaders and companies for entrepreneurial excellence.

The annual congress will be a platform for business and policymakers to engage in broad discussions on the current economic policy challenges. The theme of the event is “The road map to Zimbabwe’s desired future: Defining the possibilities that deliver value”.

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