CCC blames Mthuli Ncube policies for renewed company closures
By Staff Reporter
The Citizens Coalition for Change (CCC) led by Welshman Ncube says the current closure of big companies in the country was a direct cause of Finance Minister Mthuli Ncube’s “prohibitive” policies.
In a statement, the opposition party called for a Stakeholder Engagement over job loses in a country that is already battling one of the world’s highest unemployment rates.
“The CCC is deeply concerned with the continued loss of jobs as a result of company down sizing and company closures in Zimbabwe,” party spokesperson Willias Madzimure said.
“These developments are a manifestation of the deteriorating economic situation which is threatening the survival of business and livelihoods of many across the country.
“The CCC attributes the unfolding economic catastrophe to the misalignment and inconsistencies in the Fiscal and Monetary policies being pursued by the Government.
“These Fiscal and Monetary regimes have created an unsustainable business operating environment. A raft of measures contained in the National Budget Statement have created a prohibitive operating environment for investors.”
CCC urged government to convene an “urgent stakeholder engagement to avert or reduce the rate at which companies are closing”.
The opposition part’s calls follow the recent closure of several outlets under the N. Richards Group, Spar Zimbabwe’s decision to shut down Queensdale Spar, Choppies Zimbabwe’s exit from the market, and giant retailer Mahommed Mussa’s significant reduction of shop space by 60 percent.
