ZNCC 2015 CONGRESS DRAFT RESOLUTIONS
- Published on 24 November 2015
Whereas the following were considered critical action points at the 2015 Congress
- Addressing competitiveness challenges in the emerging economy
- Addressing competiveness: How Zimra is playing its role in the process
- Addressing the ease of doing business :progress and challenges
- Dollarization challenges and exit options
- Tapping into the diaspora : means and strategies
- Addressing Ease of doing business: Swedish Experience
- Zimbabwe Economic outlook
- How sanctions and corruption are impacting on economic competiveness
It is therefore against this background that members of ZNCC, hereafter known as the Chamber, and delegates to the 2015 version of Congress entitled: “Addressing Competitiveness challenges in the emerging economy”
In 2013, the Chamber commits itself to implement the following resolutions
1. Shared Vision
- There is need for coordination among ministries, government agencies and the private sector to work as one unit in the achievement of economic growth
- Establish stability through structural reforms, maintaining policy consistency and credibility
- That there is need of new markets to be identified and exploited
2. Competitiveness Challenges in the emerging economy
2.1 There is need for a deadline for the Land Tenure to be finalized by the government as the country has a comparative advantage in terms of Agriculture production and it will be vital for the country to fully recover the status of being the bread basket of Africa. ZNCC should include Agriculture on their programs as this is a key sector in the economy
2.2 There is need for statistics for analysis to assess where we are coming from, what we have covered and where we intend to be
2.3 The Chamber needs to have a THINK TANK which will be crucial towards achieving competitiveness within the economy
2.4 Export competitiveness should be addressed by the government so as to generate money coming through into the economy. This can also be achieved by industry to submitting proposals that are needed to incentivize exporters
2.5 Government needs to formulate Tax incentives for companies that engage in Research and Development (R&D)
2.6 The ZNCC should participate in the National Competitiveness Commission as this will enable the Chamber to spear heard the private sector engagement with the diaspora so as to build confidence
2.7 Zero rate tax on supplies to government so as to achieve ZIM ASSET OBJECTIVES
2.8 There is an aggregate need for Zimbabwe as a whole to embrace technological energy saving measures which will drastically reduce operational expenditure, thereby creating a leeway for competitive pricing
2.9 The Government needs to finalize the Zisco Steel ESSAR deal and put timeframes towards completion of the deal by the end of the year. Minister should work with advisors from the private sector for this deal to be completed.
3. Dollarization and exit options
3.1 Structural and institutional problems need to be addressed if a dollarized economy is to achieve long term growth and developmentas this will be in line towards the achievement of the ZIM ASSET objectives
3.2 Establish stability through structural reforms, maintaining policy consistency and credibility. Government to redouble its efforts on the doing of Business Reform and appoint the point champion to ensure that the reform program is finalized, officially assigned and monitored throughout the next year for the nation to obtain a better rating
4. Tapping into the diaspora : means and strategies
4.1 The government and RBZ to endorse its own program of retaining the multi-currency system so thereby endorsing the UNDP recommendations on retaining the USD whilst working on further stabilizing the economy.
4.2 Building confidence with the public in terms of the use of the multi- currency regime as organizations such as ZNCC need to be involved in international summits where the private sector will be heard in order to attract investment
4.3 ZNCC partnering with the stock exchange in addressing issues for Diaspora markets is essential of which this will enable the Chamber to become a more forceful voice for wide representation and have global relevance
4.4 ZNCC to encourage private sector in export growth rather than depending on imports for resale and it is imperative to focus on growing the export base for the country
4.5 More innovative financing approaches are required to tap into the diaspora and it would be vital for the Chamber to partner in the ZSE in terms of diaspora initiatives
5. The Ease of Doing Business
5.1 Specific target areas include concluding starting a business reduction of time and costs, and the paying of taxes. Ministry of Justice to work on enforceability of contracts, protecting minority investors and insolvency reform. Ministry of Finance to be charged with working to improve Zimbabwe's credit rating for the improvement of access to credit.
5.2 There is an aggregate need for Zimbabwe as a whole to embrace technological energy saving measures which will drastically reduce operational expenditure, thereby creating a leeway for competitive pricing. ZERA to work with ZNCC membership to exploit energy saving measures to harness a further 40 MW of power for Zimbabwe
5.3 Government to redouble its efforts on investment promotion because at $400m in 2013 & $545m inflows in 2014, we are way behind the Zim Asset average target of $5,6b per year and also lagging our neighbors significantly.
5.4 There is need to revisit business manifesto which was premised on policy framework, infrastructure, country risk and distinctive competences
5.5 There is need for CZI and ZNCC to work together and speak with one voice towards the growth of the manufacturing and mining sector as this will enable the chamber to have a formidable voice within the business forum
5.6 Contract management is essential which also is critical and needs to be addressed
5.7 There is need for appropriate technology that is required in our industry if we are to become competitive and we also need to deal with infrastructure for the economy. This also requires ZINARA and all local and provincial authorities to engage with the Chamber in partnerships to re-surface roads in industries, cities, towns and residential areas.
6. Zimbabwe Economic outlook
6.1 There is a need for IMF annual meetings in order to help the government to come up with a strategy on how these arrears can be cleared, which could then unlock new financing from multilaterals, including for e.g. the IFC, which supports the private sector of which this should be by the end September when the IMF meetings will be held.
6.2 Zimbabwe to enter into the top 100 nations in ratings by all respected and selected Rating institutions namely the World Bank
6.3 Fully utilization of international institutions like the IMF, ATI so as to strategically position ourselves. ZNCC trade department should be tasked pertaining information about ATI
6.4 ZNCC to circulate and analyze the impact of the three trade agreements names SADC, Tripartite SADC, EAC & AU for concrete recommendation for all with a specific check on the continental competitiveness of the industries identified for Zim Asset.
6.5 ZNCC to group its members in sectors and form sub-committees and become more active in research and development of sector competitiveness, planning for skills development
6.6 The government to identity its key annual meetings where they expect ZNCC and the private sector to accompany them on business promotion travels and all vital trade negotiation fora.
6.7 There is need for combined and aggressive efforts to tackle corruption at all levels, as it is an extra cost to productivity
7. Human Capital Development
7.1 Human capital development is vital for economic growth as there is need for investment in. Human Capital and a movement towards a knowledge based economy which is critical towards the achievement for ZIM Asset objectives. The Ministers responsible for lower and higher education to review the curriculum to meet the demands of the industry and commerce and ensure college graduates have relevant skills that make them employable.
7.2 That both industry and commerce embark on a major campaign to re-tool human capital as a means of shaping companies and in readiness for increased regional competiveness
7.3 That both industry and commerce embark on a major campaign to re-tool human capital as a means of shaping companies and readiness for regional competiveness
8. VALUE SYSTEM - CORPORATE GOVERNANCE & CORRUPTION
8.1 There is need for combined and aggressive efforts to tackle corruption at all levels, as it is an extra cost to productivity
8.2 ZNCC to take seriously the issue of corruption and that anti-corruption processes should be seen bringing culprits to book
8.3 That local, provincial and central government departments also adopt and embrace the highest standards of corporate governance so that service delivery assumes world class excellence. i.e.) run public enterprises similarly to private sector companies
9. Policy Advocacy
- The Chamber undertakes research based policy advocacy and supports the speedy adoption of the ZIMASSET blueprint model. There is need for coordination among ministries and government agencies to work as one unit as this will be essential for economic growth
- That the Chamber ensures continued policy dialogue, make follow ups with relevant ministries and to consistently communicate on the current state of the economy
- That the Chamber lobbies the government for the improvement of the ease of doing business in Zimbabwe, so as to boost investor confidence hence to create an avenue to tap into the diaspora market
- That the new ZNCC National Executive Committee create a special task force (implementation team) from within and outside the ZNCC structures to ensure that resolutions are implemented and followed up. The task force will be expected to present a special ‘Resolutions Progress’ report at the next ZNCC Congress.