ZNCC Shocks Gov't With Demand for Lower Costs

The Zimbabwe National Chamber of Commerce (ZNCC) is pushing the government to help businesses. The group wants lower electricity costs, different taxes, and changes to money rules.

The ZNCC says these steps will make it easier for companies to operate and help the economy grow.

The ZNCC is asking to lower electricity prices. It wants to cut the cost from 14 cents to 9 cents per kilowatt-hour, which would benefit factories, technology firms, and mines.

The business group also wants the government to fix the electricity grid. Newer types of energy, like solar and wind, will be connected to the system soon. The ZNCC thinks companies should get up to a year to pay their electricity bills.

On taxes, the ZNCC wants the government to reduce the corporate tax rate from 24% to 22%. It believes this will help businesses and encourage investment.

The group is against a 2% tax on electronic payments. The ZNCC says it would discourage people from using digital money.

The ZNCC wants the country to focus on teaching workers new skills, which it says will create better jobs. The group also wants businesses to use more technology and become more official.

The ZNCC is worried about smuggling at the borders. It wants the government to use better technology to stop illegal goods from entering the country.

The business group wants more openness about government contracts. It thinks this will reduce corruption.

Despite challenges, the ZNCC is positive about the future of Zimbabwe's economy. Business leaders think their companies will do well in 2025.

The government is trying to control the amount of money in the economy. It believes this will keep prices stable, but some businesses are worried it could make it harder to get loans.

The ZNCC's suggestions aim to help companies and grow the economy. The government will need to consider these ideas carefully.
 

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