Zanu-PF cajoles business for support - The Zimbabwe Mail thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.
By Staff Reporter
PRESIDENT Emmerson Mnangagwa has implored private companies to continue utilising the foreign currency auction system to access resources for recapitalisation, modernisation, and retooling their businesses.
He said this while touring industries in the eastern border city of Mutare Wednesday.
Mnangagwa, who was accompanied by ministers Sekai Nzenza (Industry), Oppah Muchinguri (Defence), Monica Mutsvangwa (Information), and other senior government officials, visited the Wattle Company, Willowton Group, and Mega Market.
Wattle Company deals in timber production while Willowton Group and Mega Market are involved in fast-moving consumer goods sector.
Following a volatile parallel market on the foreign exchange rate last year, the government moved in and introduced the auction system manned by Central Bank.
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Willowton Group presented international charity organisation, Gift of the Givers, with a R1.5m donation to assist in the fight against the second wave of Covid-19 in South Africa.