Policy Shifts and High Costs Cripple Industries
Zimbabwe's formal industries are on the verge of collapse due to policy inconsistency, rising transaction costs, and chronic power shortages, according to the Confederation of Zimbabwe Retailers (CZR).
The CZR president, Denford Mutashu, stated that "structural rigidities" and fiscal pressures have eroded business confidence, making formal operations unsustainable.
Shifts in fiscal and monetary policy, particularly concerning taxes, currency reforms and regulations, have in the past eroded business confidence and increased compliance costs.
This assessment is made by the Confederation of Zimbabwe Retailers, with AMH, an independent media house, reporting on the issue through its newspapers, including The Zimbabwe Independent, The Standard, and NewsDay.
Author's summary: Zimbabwe's industries face collapse due to policy issues.
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