THE government should quickly address policy inconsistencies in order to reassure potential investors, Zimbabwe Business Council chairperson George Guvamatanga has said.
BY THE BUSINESS REPORTER
Giving a private sector view on the country’s business climate at an event marking the return of KLM Royal Dutch Airlines in Harare on Tuesday, Guvamatanga, however, said the business climate in the country was on the right trajectory.
“Policy inconsistency: This is the major area that requires urgent attention. We have different pronouncement from different sections of the government of the same issues. The government needs to speak with one voice so that investors and entrepreneurs make informed business decisions,” Guvamatanga said.
According to the World Economic Forum global competitiveness report 2011/2012, Zimbabwe was ranked 132 out of 149, while it was ranked 173 out of 185 in the recently published World Bank Doing Business report 2013.
Issues raised in the report related to access to finance, inadequate supply of infrastructure, government instability, corruption, restrictive labour regulations, inefficient government bureaucracy, poor ethnic in national labour force, mindset and culture.
He said finance was well below the levels of the last decade, as the country had to start from scratch when it dollarised in 2009.
“Zimbabwe is not a hopeless case. From a private sector view of business climate, we just need to deal with improving and building on the ground that has been created over the past years,” said Guvamatanga.
He said the granting of the right to host the UNWTO next year spoke volumes about the country and potential growth.
“Surely we cannot be as bad as portrayed by various reports. In my view this (hosting UNWTO) is an endorsement that the overall business in Zimbabwe is good,” he said.