Chuyển đến nội dung chính
NEIGHBOURING South Africa has told President Emmerson Mnangagwa’s administration to stop political interference in public institutions, respect trade agreements and allow competition in business if it is serious about turning around the collapsing economy.In a straight talk by South Africa’s ambassador to Zimbabwe Mphakama Mbete during the Political Actors Dialogue (Polad) economic summit last week, government was told not to tinker with important economic institutions for political gain.







“Public institutions are key to proper economic management and must be allowed to pursue their mandate in line with the policy framework and legislation that establishes them.These institutions are important to provide a stable and predictable economic environment for business to thrive,” Mbete said Business, particularly through Employers Confederation of Zimbabwe,.has accused government of dragging the Reserve Bank of Zimbabwe into quasi-fiscal activities and allowing it to print or generate money for political expediency and resultantly undermine the local currency.Mbete said research showed that governments which manipulated institutions led generally poor nations.“Nations with extractive political and economic institutions are likely to be poor compared to those with inclusive economic institutions, where the rule of law is protected against rent-seeking and political manipulation,” he said.Mnangagwa’s government has been posturing, telling its African and international audiences that sanctions were affecting economic development in the country and hindering foreign direct investment (FDI), but Mbete sang from a different hymnbook.“Zimbabwe has presented itself to be open for business, which we believe is an appropriate approach to developing this country and economy.However, in order to attract significant flows of direct investment, it is import that Zimbabwe improves its record concerning the following issues; security of tenure and investment protection;.


repatriation of proceeds by investors; the honouring of bilateral trade and investment agreements; the need to open up the economy to competition and establishment of new credibilities, lastly optimal debt servicing,” he said.Zimbabwe has been writing laws to protect local industries from competition, especially by enforcing punitive import tariffs and closing out some sectors to foreign competition.These include Statutory Instrument (SI) 64 of 2016, whose objective was to boost domestic production by protecting local industries from unfair competition from foreign firms.Zimbabwe, however, repealed SI 64, all its predecessors and consolidated their contents into SI 122 of 2017 with import controls, though relaxed, still haunting the nation.The laws came under scrutiny after the country joined the African Continental Free Trade Area, which will remove economic borders and bring fierce continental competition.Mbete told government that without addressing these issues, FDI would seek safer destinations.“We believe that in a highly competitive environment for FDI, these are but a few of the basic conditions that must be upheld at all times.In our view, failure to do so means that investment capital will always look past Zimbabwe to other safer havens,” he said.Touching on the core of economic decay, Mbete said the shortages of energy, fuel and water in Zimbabwe were not making matters any better.“Zimbabwe has an industry base that has been neglected for long and needs reinvestment and re-calibrating.This neglect undermines government revenue collection potential since industry is operating below its potential.Industry and the economy by extension triumphs when basic services such as energy, fuel, water, bulk services, for example, are provided in a consistent and predictable way, this is essential for long-term planning by the productive sectors,” he said.“We think it is important for all members of society to enter into a social contract wherein government, business, labour and citizens rally behind a common vision of the country of Zimbabwe.Success requires mutual co-operation of all players as no one section of society can do it alone.”.


Added Mbete: “South Africa, we believe, has had a very successful social contract through the National Economic Development Labour Council.

Nhận xét

Bài đăng phổ biến từ blog này

Meghan Markle's shock family showdown in LA

The Markle family are again lashing out following new claims that Meghan Markle has not reached out to her father during the coronavirus crisis.In yet another explosive interview, Thomas Markle, 53, has claimed that his half-sister is still yet to check in on their 75-year-old father, Thomas Markle Sr.It comes just days after it was revealed that Meghan’s father-in-law, Prince Charles, is no longer in self-isolation after he had symptoms and tested positive for the life-threatening COVID-19 last month.“Meghan has not called [Dad] to ask how he is,” says Thomas. “It’s really, really, absurd Thomas, who insists he is in daily contact with their Mexico-based father, believes Meghan has shown zero concern for their elderly father.“She has made no effort to find out how he’s coping with this crisis, if he’s got enough food and supplies or if his health is OK,” Thomas continues.The Markle family are again lashing out following new claims that Meghan Markle has not reached out to he...

Chamisa's lawyer spoke out about Mnangagwa's fraud evidence during the election

OPPOSITION MDC leader Nelson Chamisa will launch a renewed bid to oust President Emmerson Mnangagwa by seeking to have the Constitutional Court (ConCourt) review its own judgment based on “new evidence.”.Chamisa’s lawyer Thabani Mpofu said after studying academic works on the elections published by self-exiled former minister Jonathan Moyo, they were now making efforts to have the judgment on the 2018 presidential elections set aside.The country’s top court ruled that Chamisa had failed to prove allegations of fraud during the presidential election, a vote which left the nation polarised and violence on the streets of the capital Harare.Mpofu said the basis of approaching the ConCourt was because they now believe that the Zimbabwe Electoral Commission (Zec) presented to the courts false information and, therefore, their call for the judgment to be set aside.“The general rule is that once a final judgment or order has been given, the judge who gave it or any other judge of parallel juri...

Grace Mugabe to make a graceful exit from politics

The future of former First Lady, Grace Mugabe, who arguably created more enemies than friends during her husband's last days in office, now hangs in the balance. The demise of the former president.Robert Mugabe, the man from whom Grace drew power and protection, leaves his wife now exposed. Grace, who during the greater part of husband's presidency had been focused on charity work, before later venturing into politics..With the support of Mugabe, Grace was in December 2014 parachuted to the helm of ZANU-PF Women's League, automatically qualifying to sit in the ruling party's highest decision-making body, the Politburo..The ex-First Lady then used her position and marriage to Mugabe to vilify all those she perceived to be harbouring ambitions of succeeding Zimbabwe's long-time ruler..She became literally untouchable with ministers currying favours with her to avoid being sacked by the President. The former First Lady ganged up with the G40 faction of ZANU-PF....