Industry demands concrete action

BY MTHANDAZO NYONI/MELODY CHIKONO
ZIMBABWE’S industries yesterday called for concrete action to stem the economic “bloodbath” that has been precipitated by currency depreciation and exchange rate volatilities.

Confederation of Zimbabwe Industries (CZI) president Kurai Matsheza’s call for action came as a new survey revealed that firms ramped up output last year, with industrial capacity utilisation rising to 56,24% last year, from 47% in 2020. He said business was worried that government was procrastinating when the crisis was spiralling out of control.

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