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Survey: Zim lockdown poses challenges for raw material imports

A survey by the Confederation of Zimbabwe Industries paints a grim picture for businesses that were already struggling before this latest public health crisis.

Picture: EWN.

HARARE - It has emerged that nearly 90% of local firms in Zimbabwe are failing to import raw materials and reach export markets as a result of the lockdown in the country and in South Africa.

A survey by the Confederation of Zimbabwe Industries paints a grim picture for businesses that were already struggling before this latest public health crisis.

Zimbabwe needs local companies to ramp up production to make up for the loss of imports from South Africa.

But this latest survey by the Confederation of Zimbabwe Industries shows it’s unlikely.

Just one week after the start of the country’s 21-day lockdown due to coronavirus, the organisation said 88% of local companies were struggling to procure raw materials and access export markets.

It said production and trade volumes were down by 36%.

Like most governments around the world, Zimbabwe is only too conscious that a lockdown necessary to slow the spread of coronavirus will have massive and immediate shocks on the economy.

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