ZIMBABWE NETZWERK e.V.

Industry not feeling Bob's claimed recovery

New Zimbabwe writes:" A LEADING industrialist, Frank Kufa, has issued a chilling warning on the state of Zimbabwe's economy saying the country was headed for bumpy times. Kufa, who is the president of the Confederation of Zimbabwe Industries (CZI) Manicaland Chapter, made the remarks a few days after President Robert Mugabe said the economy was now on a path of sustained recovery. The CZI official said Zimbabwe's exports had shrunk by 30 percent while Value Added Tax (VAT) collections had also gone down by 16 percent in the first five months of the year compared to last year. ...".