Open letter to South Africa’s students‚ universities and government‚ represented by Minister in the .
ZIMBABWE'S factory output doubled in the first six months of 2009, partly due to policy changes by the country's unity government, including the use of multiple foreign currencies, an industry group said yesterday.
A survey carried out by the Confederation of Zimbabwe Industries showed that factory capacity utilisation had risen from below 10percent before the unity government was formed, to about 32,3percent now.
"Consequently, signifying this improvement ... overall output grew by 110percent in the first six months of the year.
"At the beginning of the year there was a positive policy change that saw the government introduce the use of multiple currencies," CZI chief economist Lorraine Chikanya said.
"This policy ushered in a breath of life into what was becoming a dying sector." - Reuters