ZNCC 2016 Congress Resolutions
- Published on 18 July 2016
- The Role of Parliament in the Economic Transformation in a New Normal Economy: New Challenges, New Ideas
- Addressing Ease of Doing Business: Progress and Challenges to Date.
- Investing In Zimbabwe: Country Risk Perception and Realities (Western Perspective)
- Investing In Zimbabwe: Country Risk Perception and Realities (African Perspective )
- Managing Costs In A Deflationary Environment: Strategies and Options
- Beyond Bond Notes: What Next?
- IMF Staff Monitored Program, What’s next for Zimbabwe?
- Revitalizing Human Capital Development to Suit the New Emerging Economy.
- Climate Resilience: The New Agricultural Frontier
- Corporate Leadership Reforms: Changing Mind-Sets and Attitude
It is therefore against this background that members of ZNCC, hereafter known as the Chamber, and delegates to the 2016 version of the Congress entitled: “ECONOMIC TRANSFORMATION IN A NEW NORMAL ECONOMY: NEW CHALLENGES, NEW IDEAS”, resolved that: Ease of Doing Business
- ZNCC needs to lobby for the ICT Policy to be brought up in Parliament before year end.
- ZNCC must play a pivotal role in association with the Zimbabwe Investment Authority in expediting the finalization of the one stop shop before the end of this third quarter.
- ZNCC to engage the National Competitiveness Commission to include at least two ZNCC representatives.
- ZNCC to include a topic relating to the Ease of Doing Business and competitiveness in each and every one of its 2016 events.
- ZIMRA’s border management processes have to be stream lined to curb corruption and unnecessary delays. All agencies at the border posts have to interface and this has to be implemented by year end (such agencies include EMA, Immigration, Veterinary services etc.).Currently the delays can go up to 7 working days.
Investing in Zimbabwe
- Government senior positions including ministers’ posts should consider candidates from private sector (Zimbabwe National Chamber of Commerce) since they are at the core of Economic Policy making.
- ZNCC should be a driver of a positive brand image for Zimbabwe, through activities such as awareness campaigns, trade visits and exhibitions to encourage investment.
- ZNCC must enter into memorandum of understanding (MOUs) with the chambers of various Diplomatic missions domiciled in Zimbabwe.
- Both Government and private sector should elevate the approach in dealing with corruption, through engagement.
- ZNCC to engage ZRP for the reduction of roadblocks which are inhibiting business flow, spot fines must also be suspended.
- ZNCC must have representations on State Owned Enterprises Boards with all of these institutions producing audited accounts timeously.
- ZNCC should seek an audience with the head of state at least twice a year.
- ZNCC to also seek audience with national vice presidents at least every quarter.
- ZNCC should work closely with agricultural organizations to encourage Value Additions and also (i.e CFU, ZFU, ZAS and Seed Houses) to encourage farmers in low rainfall areas to grow small grains [rappoko, millet etc.]
- There is need to revive the Business Council of Zimbabwe (BCZ) with ZNCC, CZI and Chamber of Mines taking the initiative before the end of 2016.
- ZNCC to host a diversity of Chamber of Commerce both within and without Africa for its Annual Congresses in order to share notes on international best practices relating to lobbying and advocacy.
- ZNCC to engage with Ministry of Justice, Law Society of Zimbabwe and the Parliament quarterly in order to align some of the laws to the constitution of Zimbabwe.
Human Capital Development
- ZNCC to promote evidence based research through closing the gap between workplace environment and academic institutions by facilitating exchange programs and internships
- ZNCC to educate its members on the need to honor the ZIMDEF wage levy
- ZNCC in conjunction with the RBZ to spearhead further consultations on the issue of bond notes by organizing roadshows and breakfast meetings across the country before October.
- Incentives should not only apply to exports. (Incentives should also be extended to players in the value addition chain)
- ZNCC to have quarterly briefings with the RBZ governor on progress checks and audits on the impact of Bond notes and other monetary policy measures relating to imports management and financial inclusion[ adoption of plastic money- aiming on 80% usage of plastic money by year end and SMEs must be incentivized to open bank accounts ].
IMF Staff Monitored Program
- Government to include ZNCC in technical committees relating to debt management whilst we are working closely rather than waiting for IMF visits for us to share notes.
- Need for Zimbabwe to pay its external debt to enable the country to unlock new lines of credit
- ZNCC to work with IMF country office through sharing research papers and market updates.
Climate Resilience and Agriculture Prospects
- Farmers should desist from solely relying on rainfall, (most drought experienced in Zimbabwe came irrespective of receiving adequate rainfall, average of 250ml per year) and focus on infrastructural investment on farm land.
- ZNCC through its Think Tank and subcommittees to come up with White Papers on strategies to increase productivity/yields, such white papers must be commissioned quarterly
Managing Costs in a Deflationary Environment
- To conscientize small to medium business owners on the need to honor their tax obligations whilst engaging with ZIMRA authorities on grey areas which might need support rather than playing a “cat and mouse” with the body.
- ZNCC to educate its members on the need to rely on retained income ahead of debt financing when the deflationary environment is still existing. Price levels are too depressed to the extent that bottom lines are depressed.
- Stakeholders must submit their input (i.e for budget process) through the chamber’s consultative meetings before the official budget has been presented.
- The ZNCC National Executive Committee should 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.
- Statutory Instrument 64 of 2016 to remain in place whilst we continue monitoring progress by our members relating to capacity to satisfy domestic demand. Need to review the policy quarterly.
- Ministry of Industry and Commerce to maintain an open communication channel with ZNCC on trade protocols and treaties which Zimbabwean Government enter into.