Confederation of Zimbabwe Industries (CZI)

  • Analysis

    Zimbabwe worried about its heavy reliance on South Africa

    By Kudzanai Musengi ECONOMISTS and business leaders in Zimbabwe believe it would be foolish for the country to waste a good crisis and now is the time to reduce its reliance on South African imports and infrastructure. It was Austrian statesman Klemens von Metternich who said, “When Paris sneezes, Europe catches a cold.” Metternich was referring to the impact France…

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  • Business Briefs

    Business leaders optimistic Mnangagwa will relax lockdown measures

    THE current Level Four national lockdown lapses tomorrow with President Mnangagwa expected to announce new ordinances to balance the reopening of the economy and mitigating against further spread of Covid-19. Since the current lockdown measures announced on February 15, the country has recorded a marked decrease in deaths and confirmed coronavirus cases, but observers warn that the country cannot afford…

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  • Business Briefs

    Zimbabwe dollar remains stable against US$

    YESTERDAY’S foreign currency auction showing almost no change, the local currency firming by a quarter of a Zimbabwean cent to $81,3458. Exchange rate fluctuations were the main driver of inflation, but since importers have been able to get their foreign exchange requirements through the auction system since the end of June, with exchange rates hardly moving since mid-August, the major…

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