Business / Economy
CZI urges caution on indigenisation
19 Aug 2013 at 06:14hrs | Views
The Confederation of Zimbabwe Industries has advised the soon-to-be formed government to put on hold a blanket approach on the indigenisation and empowerment regulations, adding that the policy required more clarity to stimulate economic growth.
In its submissions made during a meeting convened by the Office of the President on August 2, CZI said in the short-term, there would be need to craft an economic policy which seeks to attract more capital as the country's main economic sectors remain in doldrums due to underfunding.
CZI said the new government should adopt proposals made by different sectors in 2010 to ensure that the empowerment policy catapults economic growth, which has slowed down in recent times.
The meeting was chaired by an official from the Office of the President and Cabinet and was attended by CZI, other business organisation which include the Bankers' Association of Zimbabwe, Zimbabwe National Chamber of Commerce, Chamber of Mines of Zimbabwe.
In its submissions made during a meeting convened by the Office of the President on August 2, CZI said in the short-term, there would be need to craft an economic policy which seeks to attract more capital as the country's main economic sectors remain in doldrums due to underfunding.
CZI said the new government should adopt proposals made by different sectors in 2010 to ensure that the empowerment policy catapults economic growth, which has slowed down in recent times.
The meeting was chaired by an official from the Office of the President and Cabinet and was attended by CZI, other business organisation which include the Bankers' Association of Zimbabwe, Zimbabwe National Chamber of Commerce, Chamber of Mines of Zimbabwe.
Source - newsday
