Zimbabwe economy on death bed

Published: 10 June 2013
Industry officials have said that anxiety over the forthcoming general elections and perceived risk is stalling the country's efforts to harness the much needed capital.

Speaking at a one day-conference organised by the Business Council of Zimbabwe in Harare yesterday, TA Holdings Limited group chief executive officer Shingi Mutasa said the country had to take a bold decision if it was to attract liquidity into the economy.

He said the ongoing wait-and-see attitude was not good for the country.

CBZ group chief executive officer John Mangudya said this was the worst time to run a financial institution as the demand for money was high yet there were no funds.

Mangudya said the country could decide on a prime rate as financial institutions received money from different funders.
- newsday
Tags: Economy,


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