Zimbabwe’s economic crisis will not end through quickfix solutions as the country needs major surgery for it to recover from the coronaviruspandemic, Masawara Limited group chief executive officerShingai Mutasa has said

Zimbabwe’s economic crisis will not end through quickfix solutions as the country needs major surgery for it to recover from the coronaviruspandemic, Masawara Limited group chief executive officerShingai Mutasa has said Mutasa, who has navigated Zimbabwe’s stormy economic waters for decades, said the major problem in Zimbabwe has been government’sinability to deal with corruption, civil service reforms and currency issues,among many challenges “For me, Covid-19 is not the problem that confronts us What confronts us is how we are going to make the next 50 years as productive for our people,” Mutasa told a CEO Africa Round Table digital meeting “This is an incredible base on which to build an amazingly wealthy countryfor our future generations Many of our people say the dreams were lost and hijacked.I understand, but one of the most important roles of leadership is to be able to look beyond the horizon Leadership is at the core of that challenge.” He said while business leaders feel let down by the political class, the business class has “also let down our people” despite being the creators of wealth “There are two levels of corruption and theft that we need to deal with The most dangerous one is the one caused by our own ignorance How do we remunerate our police officers, teachers, nurses civil servants low salaries and expect different results There is no wonder that some manipulate the systems to make ends meet.” Mutasa said a government minister could be earning about a tenth of salaries by executives in corporate Zimbabwe “My point is, once we remunerate employees at appropriate levels, we willthen be able to use the carrot and stick model So, we should work hard to push for civil service reforms to make it strong and disciplined so that no excuses for theft and fraud in government “Those that do are dealt with appropriately,” he said The situation in Zimbabwe has been exacerbated by the eruption of coronavirus pandemic which has triggered an economic downturn Volatility has spiked, in some cases to unprecedented levels with many companies relooking at their business models, meaning many workers are likely to lose their jobs In fact,at this point, there is great uncertainty about the deadly virus’ severity and for how long it will continue to ravage Zimbabwe’s already frail economy Source: Business Times All Zim News is a central hub for all things Zimbabwean, curating news from across the country so no story is missed Alongside aggregation, our team of nationwide reporters provides real-time, on-the-ground coverage Stay informed and connected — reach us at admin@allzimnews.com. Source: Businesstimes