Most companies will not open in January – policy analyst

BULAWAYO-BASED policy analyst, Butler Tambo has warned that a majority of firms currently operating at below capacity might not be able to reopen for business next year, as the economy continues to plunge.

BY SILAS NKALA

Tambo said the right economic policies have to be put forward in Zimbabwe and adhered to religiously for the country to come out of the woods.

“As it stands, most companies will not be able to reopen in January 2016 and so the government, through its Indigenisation minister, has to show commitment to creating an investor-friendly operating environment — something the Minister of Finance, Patrick Chinamasa and Vice-President Emmerson Mnangagwa have been advocating for the whole year,” he said.

Tambo said one hoped that the tone and message being given by Chinamasa and Mnangagwa about the need for re-engagement with international financial institutions (IFIs) and the international community will be shared across government and those in discord will see sense in re-engagement.

His remarks come at a time when many companies in the country have retrenched or rationalised their staffing levels and cut wages to remain afloat.

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