Published: 07 October 2013

High electricity charges topped the list of 17 factors that the Confederation of Zimbabwe Industries cited as negatively impacting on doing business in the country.

While the country continues to face unending power shortages resulting in load shedding which is depressing productivity in critical economic sectors, the CZI said the price of electricity was also a top disincentive for doing business.

Challenges to do with old equipment, which made the local industry uncompetitive, and low domestic demand as low salaries impact on the public buying power were also impacting on the sector.
- herald

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