What has change in Zimbabwe??? Quote::: Indeed, the enduring legacy of President Robert Mugabe’s electoral triumph was change. So it is pertinent to ask: what has changed? Last week we carried a report by the National Social Security Authority detailing company closures in Harare for the period July 2011 to July 2013 rendering 8 336 individuals jobless. So while the main focus of Zanu PF’s campaign was the creation of 2,2 million jobs and the revival of Bulawayo, thousands were being laid off in the capital as the economy sunk. Companies with household names such as Spar, Dairibord, Cairns and Olivine were retrenching workers, so were major companies such as Zimplats, Unki, Bindura Nickel and PG Industries. The total came to over 711 firms. Trade unions said their members had experienced intensifying problems since the beginning of the year with Zimplats platinum mine alone retrenching close to 2 500 employees. Following Zanu PF’s victory there has been little or no sign of resuscitation in the economy. Companies continue to close. And the source of the problem is lack of confidence. Foreign investors will not put their money in Zimbabwe so long as damaging policies such as indigenisation persist.
Posted on: Sun, 04 May 2014 23:33:21 +0000
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