Busi­ness should play ball in eco­nomic turnaround ef­forts

Sunday News (Zimbabwe) - - Front Page -

THE Gov­ern­ment has put in place mea­sures to turn around the econ­omy fol­low­ing Pres­i­dent Mnan­gagwa’s clar­ion call that Zim­babwe is Open for Busi­ness.

Since tak­ing over as Pres­i­dent, His Ex­cel­lency, Pres­i­dent Mnan­gagwa has been walk­ing the talk to make sure that Zim­babwe gets back to the re­gional and global busi­ness world through en­gage­ment and re-en­gage­ment ini­tia­tives that have started to bear fruit. The Tran­si­tional Sta­bil­i­sa­tion Pro­gramme an­nounced by Fi­nance Min­is­ter Prof Mthuli Ncube re­cently is set to drive the econ­omy and lead to re­vival of in­dus­tries and cre­ation of jobs, as the coun­try moves to­wards be­com­ing a mid­dlein­come econ­omy by 2030.

How­ever, what is dis­ap­point­ing is that there are some in the busi­ness sec­tor who are pulling the coun­try back­wards through im­proper busi­ness prac­tices. It is be­hind that back­ground that Pres­i­dent Mnan­gagwa said Gov­ern­ment will not al­low busi­ness to un­jus­ti­fi­ably in­crease prices and nei­ther will it tol­er­ate sabo­teurs ma­nip­u­lat­ing the mar­ket to cre­ate ar­ti­fi­cial short­ages of goods. The Head of State and Gov­ern­ment fur­ther warned that po­lit­i­cal po­si­tions were not a li­cence to loot­ing.

We urge those on the wrong side of the law to put their act to­gether and do what is ex­pected of them, which is pro­fes­sional con­duct.

Ad­dress­ing the Cen­tral Com­mit­tee of the rul­ing Zanu-PF at the party head­quar­ters in Harare last week, Pres­i­dent Mnan­gagwa said he was alive to the machi­na­tions of de­trac­tors.

“Gov­ern­ment is fully aware of the machi­na­tions by some de­trac­tors and eco­nomic op­por­tunists who are bent on cre­at­ing de­spon­dency in the coun­try through the ma­nip­u­la­tions of the for­eign cur­rency mar­ket and cre­at­ing ar­ti­fi­cial short­ages,” he said.

“This has caused un­told suf­fer­ing to our peo­ple. As a lis­ten­ing Pres­i­dent, I have heard their cries and my Gov­ern­ment is de­ter­mined to pro­vide so­lu­tions to these peren­nial chal­lenges. The lift­ing of the ban of Statu­tory In­stru­ment 122 is one such move meant to pro­vide in­terim re­lief to our peo­ple. My Gov­ern­ment will nei­ther let peo­ple go with­out ba­sic com­modi­ties, nor al­low the willy-nilly de­ple­tion of in­comes by a few rogue busi­nesses and per­sons.”

Pres­i­dent Mnan­gagwa said Gov­ern­ment, through the Re­serve Bank of Zim­babwe, en­sured the lift­ing of SI 122 to cush­ion peo­ple, es­pe­cially as the na­tion ap­proached the fes­tive sea­son.

“The so­cial me­dia is driv­ing de­lib­er­ate panic buy­ing of fuel and other com­modi­ties, let me as­sure you that as of yes­ter­day we had be­gun to fund the mar­ket, we now have three times more fuel than is nec­es­sary . . . How­ever, the medium to long term so­lu­tions lie in pro­duc­tion. The man­u­fac­tur­ing sec­tor must be re­vived and our agri­cul­ture sec­tor must pro­duce more for feed­stock into our in­dus­tries. Stake­hold­ers in all sec­tors of the econ­omy must ag­gres­sively and de­lib­er­ately set tar­gets to grow their sec­tors for us to re­alise the eco­nomic growth we de­sire.”

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