Zimbabwe: 'Zim Should Address High Wage Levels'

24 October 2016

ZIMBABWE should address high wage levels, which are in some cases 10 times more than those prevailing in the region, as this is contributing to the erosion of competitiveness for local products, the Minister of Policy Coordination and Promotion of Socio-Economic Ventures in the President's Office Simon Khaya Moyo has said. Since wages are factored in the cost of production, the higher the wages the greater the cost, and this makes prices of goods and services higher.

In a speech read on his behalf by Industry and Commerce Deputy Minister Chiratidzo Mabuwa at a competitiveness conference last week, Ambassador Moyo indicated that investors, who use minimum wage as an indicator, could look elsewhere.

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