Speaking at the Institute of Chartered Accountants of Zimbabwe Winter School in Victoria Falls recently, Mukonoweshuro said there is no relationship between wage demands and current levels of productivity.
She noted that the low levels of productivity was demonstrated by Zimbabwe’s 136th position out of 139 on the World Economic Forum Global Competitive Index.
Mukonoweshuro said the need to resolve the disparity between wage expectations and productivity levels needed to be addressed on a long-term national level and not on sectoral basis.
She expressed concern that there was neither information nor statistics in the post-dollarisation era to support the levels of wage demands by employees.Mukonoweshuro emphasised the need to address the issue of the counrty’s politics to spur economic growth.
“Unless our political issues are resolved we will continue to have problems with foreign direct investment inflow and sovereignty risk,” she warned.
The country, she said, would continue to access short-term funding from international institutions as long as there was inconsistencies in government policyShe said that policy changes have to be sensitive to the economy and urged delegates to “start preaching, influencing and lobbying for policy changes”.
