Whats happening with Bulawayo businesses

Many industries and companies in Bulawayo are shutting down and others are moving to Harare. Some  of the them include big companies like Dairy Board Zimbabwe, Gold Star, Merlin and many more. This has seen the Bulawayo business and economic side crumble much, especially the industrial aspect. This has also led to many workers to lose their jobs at their ages since most of them are nearing their retirement ages.

 Most of the Bulawayo uneducated young people are stuck with no jobs as there is no longer industry which used to employ people and give them jobs. The indegenisnation act was meant to boost the country`s economy as well as benefiting the region or area where a company has been indegenised. With Bulawayo its actually the opposite as the city is becoming even more industrially disadvantaged, and Harare is florishing and doing good businesswise.

Could this mean something somewhere is not alright or someone has a thing against Bulawayo?Lets discuss.

Bussiness Opportunity in Zimbabwe

The country might seem poor and miserable especially after the unfair and uncomfortable conditions that the country has encountered. Some investors might think its a waste of time to make business in Zimbabwe.

But  i say despite all this, people can still make money and business in Zimbabwe.

 If we consider that how many mines and mining areas this country has, agriculture and the whole lot of consumers. This combined with other factors shows that business is possible. In the mining and farming industry, foreign companies can import the equipment and machinery needed, and thus they make money in Zimbabwe

In the clothing and foodstuff department, neighboring countries can still import their goods or they can expand their businesses into the country, that is they build their shops in Zimbabwe. Shops like legit, jet, Mr Price, pick n pay and many more they can make more money by bringing their companies into Zimbabwe.

I can safely say there is really a chance for business in the country especially if reforms like indegenisation are implemented properly or ripped off totally, do you agree?

Will Buy Zimbabwe revive our industries??

Buy Zimbabwe is a reform meant to encourage Zimbabweans to buy and consume local products like olivine products, char horn biscuits and many other products we used to buy before the economy crumbled.

Its believed that many people began buying foreign products during that period when the local shelves wet empty and amiss.

This in turn made local shops to crumble and were forced to shut down, partly do to lack of customers and resources to keep them going.

Foreign companies found an opportunity to import their sub standard products and food stuffs into the country and Zimbabweans had to just consume them  because they did not have an option. Some went to the neighboring countries physical to buy products there.

Now that the economy is back on track and many local companies are opening and reopening, the policy makers saw it wise to impose this buy Zimbabwe reform so as to encourage production ad consumption of local products.

This has been successful because most local products like Olivine products are back on the shelves ad companies are reopening to produce quality local products.This also has opened a lot of job opportunities for Zimbabweans who were jobless. In other way the reform is benefiting the country.

This reform can boost the economy if implemented well and can teach Zimbabweans to be independent and do things on their ow, do you agree??

More Brazilian Exhibitors at ZITF

 

THE number of exhibitors from Brazil has increased this year compared to last year following a keen interest by companies from that country.In an interview, Brazilian Embassy Third Secretary Mr Felipe Ortega said about seven companies were participating in the fair this year.

“Last year one or two companies participated on their own without the Brazilian government.
“This year the government participated as a lot of companies showed interest in being part of the trade fair and we have a bigger presence as seven companies are exhibiting,” said Mr Ortega.

The companies are being said to have  were exhibited as they had seen several business opportunities at the trade fair, especially the agricultural sector as they will be interested in supplying machinery and they are also hoping to share agricultural information.

 "Zimbabwe agricultural sector is similar to that of Brazil, we have related weather patterns and soil structures. We are looking forward to forming partnerships and share information with other agricultural businesses in the country,” said Mr Ortega
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He said the Brazilian ambassador will attend the official opening of the trade fair tomorrow.
“The companies and the trade fair will receive support from the Brazilian Ambassador to Zimbabwe Marcia Maro Da Silva who will grace the official opening of the trade fair on Friday,” said Mr Ortega

Since Zimbabwe is largely agrarian, do you think this is an opportunity that could help Zimbabwe as a whole and also boost the economy??  

China taking over Bulawayo

It is now like old news that most companies and industries are shutting down in Bulawayo for the reasons which are not very clear. It is a problem to the rest of the Bulawayans who are affected by this as many get retrenched, forced into early retirement and others lose their jobs just like that.This goes on to affect their families as they will be breadwinners so the families suffer.

In the recently shut down down Kalbro company (which dealt with, upholstry, carpeting, car ports, blinds, curtaining etc), a Chinese shop is opening. The shop will be selling clothing, kitchen wear and other products like that.
Also there is a rumor that the whole space around Lobengula street to Egodini has bee to sold to a China company that will open China City, i resemblance of the one in South Africa.

Do you think that this is a good move to have Chinese taking over our city, can that be called good business?

Can Labour Market enhance investments prospects in a country?

Labor market information is critical in enhancing the country’s investment prospects, a Cabinet Minister said

Labour and Social Services Minister Paurina Mpariwa told participants at a workshop on labour market information systems that the availability of information about occupations and labour market trends could compel investors to consider Zimbabwe and most other African countries as important investment destinations.

“For investors and employers to make investment decisions they need information about the size of the labour force, the skills and qualifications, the output of training institutions, the age distribution and many other aspects,” she said.

Labour market information (LMI) services, Minister Mpariwa said, were important in analysing employment data such as registration, live registers, existing vacancies, placements and employer information in order to arrive at meaningful labour market signals.Economists say the phenomenon of globalisation was placing much emphasis on the importance of efficient labour market systems for nations to effectively compete in the international socio-economic value chains.They also suggested that as African countries devolved towards establishing a socio-economically integrated region, it was important for current labour market information to be known.

Do you think such a development can boost the African economies, lets discuss??

Lifestyle Holdings expands

Lifestyle Holdings has introduced a TN Virtual Mart  where it will deliver groceries to its clientele’s door steps.TN Mart sells food and non-food items. Foods items include mealie meal, cooking oil, non alcoholic beverages, teas and coffees, milk, breakfast cereals, biscuits and sweets, etc.Non-food items include washing powders and soaps, health and beauty products, toiletries, travel goods, kitchenware, stationery and polishers.

Lifestyle Holdings chief executive officer Tawanda Nyambirai told NewsDay Business yesterday that the development had been inspired by the demand of services by TN Mart customers.

He said to date 33 000 applications had been received with 7 000 coming from the Warren Park area.

In a statement over the weekend, TN Mart said the Virtual Mart was an exciting and convenient way of purchasing groceries.

The group recently expanded its product offering by launching a retail brand, TN Mart, and a fast-food chain, TN Grill.The group entered into a 12-year lease agreement with Rufaro Marketing for its former beerhalls which it intends to use to further expand its retail offering
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It is quite encouraging that other companies are doing good in Zimbabwe though others are not, does this mean for those that are not doing good something or someone is putting them at disadvantage, or they are just failing on their own?