Policy Shifts and High Costs Cripple Industries
Zimbabwe's formal industries are on the verge of collapse due to policy inconsistencies, rising transaction costs, and chronic power shortages, according to the Confederation of Zimbabwe Retailers (CZR).
Shifts in fiscal and monetary policy, particularly concerning taxes, currency reforms and regulations, have in the past eroded business confidence and increased compliance costs
CZR president Denford Mutashu stated that "structural rigidities" and fiscal pressures have eroded business confidence, making formal operations increasingly unsustainable.
- Policy inconsistency
- Rising transaction costs
- Chronic power shortages
Author's summary: Zimbabwe's industries face collapse due to policy shifts and high costs.