Concerns over delays in policy change

THE business sector has expressed concern over President Robert Mugabe’s delay in announcing his deputies and a new look politburo to show what direction the country was headed economically.

OWN CORRESPONDENT

Analysts said policy changes should be made smoothly and efficiently, increasing confidence in the Zimbabwean government and leveling the playing field for both potential and current investors.

Legal expert and former Education minister David Coltart said there was need to wait and see who would be appointed to the politburo and Cabinet in a likely reshuffle.

Legal expert and former Education minister David Coltart

Legal expert and former Education minister David Coltart

“There is still room for the president to spring a surprise and appoint relatively lightweight politicians to prominent positions or he could affirm the ascendency of (Justice minister Emmerson) Mnangagwa and appoint him as vice-president. Whatever happens, there is uncertainty in the short term,” Coltart said.

“If Mnangagwa is elevated, there is bound to be a definite change in policy, but if there is a surprise and lightweights are appointed, the status quo will be maintained; either way, it is difficult to make an accurate assessment of the future as it is,” he added.

Matabeleland Business Association chairperson Peter Mkhwananzi said it was critical for business to know the country’s direction to enable making essential decisions.

“Unfortunately I have just arrived from South Africa and am yet to get all information on what has been taking place on the ground so I am unable to give an informed analysis of the situation,” he said.

Justice minister Emmerson Mnangagwa

Justice minister Emmerson Mnangagwa

In a recent article, business adviser and financier, Martin Ganda, said Zimbabwe stood on its own way when it came to economic success.

“The political environment has a heavy and often negative influence on the free market,” he said.

Earlier this year, former Chinese embassy economic and commercial counsellor Han Bing spoke out against the government’s frequent investment policy changes noting that Zimbabwe’s lack of policy consistency was spooking investors and harming business operations.

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