- Published on 04 December 2017
Prevailing cash shortages that have given rise to a five-tier pricing system are causing havoc in the construction industry with growth slowing down as projects have become expensive, an industry lobby group has said.
Construction Industry Federation of Zimbabwe (Cifoz) has said the industry’s growth has been subdued over the years due to funding challenges. The current liquidity challenges have impacted negatively on operations of most businesses who are failing to interface their operations with the global world. This has resulted in the economy adopting a five-tier pricing model ((real time gross settlement) RTGS, (point of sale) swipe, EcoCash (mobile money), bond notes and United States dollars) which is not sustainable. (Herald)