July 2011 Vol 35, Business , Financial and Property Indaba
Buy Zimbabwe Campaign Date Changed
THE Buy Zimbabwe Campaign "Chief Executive's Walk" across Harare to The Africa Unity Square has been postponed to Wednesday, August 3, a spokesman has revealed.
The Campaign was supposed to be held on Wednesday, July 20, but it clashed with the Indigenisation Indaba scheduled for the same day in Harare. The one-day Indigenisation Indaba will be held on Wednesday, July 20, at the Harare International Conference Centre (HICC) at the five-star Rainbow Towers Hotel.
Buy Zimbabwe Campaign General Manager, Muyaradzi Hwengwere, confirmed that the date had been changed to pave way for the important Indigenisation Indaba where top notches from the local business sector will discuss the country's new Indigenisation regulations as well as try to pave the way forward for Zimbabwe coming at a time when the economy is gradually recovering after falling asleep due to hyperinflation. Speakers for the one-day Indigenisation Indaba include prominent tycoon and Chief Executive of Pinnacle Property Holdings (Private) Limited, Phillip Chiyangwa, his friend and now Affirmative Action Group (AAG) President, Supa Mandiwanzira. Mandiwanzira is Chief Executive of Mighty Movies (Private) Limited.
He is also a board member of The Financial Gazette weekly business and financial newspaper. Other speakers for the Indaba are Cabinet ministers such as Saviour Kasukuwere, Welshman Ncube, Tapiwa Mashakada and the Deputy Prime Minister, Arthur Mutambara who give the key-note address at the event.
The Buy Zimbabwe Campaign is meant to try and entice Zimbabweans to buy their local products instead of rushing for foreign made goods especially shoes from China and motor vehicles from Japan. Chinese goods have flooded the Zimbabwean market because most of them cost US$1 and sometimes as little as US$1 for two items. Japan has also flooded the country with its cheap second hand motor vehicles coming at a time when they are very expensive in Zimbabwe. For example, a new motor vehicle in Zimbabwe from Willowvale Mazda Motor Industries (WMMI) costs about US$30 000, while a second hand Honda Ballade vehicle from Japan costs about US$1 200 in cash. So, many Zimbabweans are flocking to buy foreign-made goods especially civil servants who earn an average of US$300 monthly. Hwengwere said The Buy Zimbabwe Campign, therefore, would try to influence Zimbabweans to stop this "unpatriotic practice".
