News / National
Mnangagwa issues stern warning
29 Jun 2016 at 21:44hrs | Views
Vice President Emmerson Mnangagwa has issued a stern warning to corrupt officials in government owned institutions who are stifling the country's efforts to turn around the economy.
Speaking at the official opening of the Zimbabwe National Chamber of Commerce (ZNCC) annual congress in Victoria Falls today, Cde Mnangagwa said the government has come with a national code of corporate governance which must instill a positive value system which is characterised by integrity, honesty and hard work, as part of efforts to tackle the scourge, which has become a cancerous drawback in economic growth.
"As you rightly noted in last year's resolutions, corruption is a scourge that increases the cost of doing business thereby affecting our competitiveness and business viability. In this regard, I would like to point out that the fight against this abhorrent incubus must be adequately broad based and within the framework of a national call to all Zimbabweans and all sectors to fight the scourge. For those who have already committed the crime, let me assure you that we are on our way," he said.
"The two make committees make recommendations that seek to stimulate economic turnaround," he said.
Zimbabwe National Chamber of Commerce (ZNCC) President, Mr Davison Norupiri said the financial sector is the most critical component which should be given first priority to facilitate the movement of money to where it is needed at competitive rates so that the industry can access working capital for a successful economic turnaround.
The government has reviewed the implementation of the second 100 day ease of doing business reforms, to restore confidence among foreign investors, industry and commerce as well as other stakeholders to stimulate economic revival.
Source - zbc
