An economist says the government slept on the job and failed to invest in the power industry resulting in the current massive power cuts affecting Zimbabwe.
Prosper Chitambara of the Labour and Economic Development Research Institute of Zimbabwe told VOA Studio 7 instead of being proactive the government is reacting to the crisis and trying to manage the meager power supplies being generated in the country.
Chitambara was reacting to the announcement by Energy Minister Samuel Undenge on Wednesday that the government will soon ask large mining companies to cut power use by 25 percent, a move that will release 25 megawatts that can be used for other purposes by the nation.
Large mining companies that will be affected include Sinosteel Corporation Ltd from China, Anglo American Platinum and Impala Platinum Holdings.
“These companies are already affected by low commodity prices and instability,” said Chitambara, adding that “there is also the issue of indigenization, they are already forcing some of these companies to downsize.”
Chitambara said the government needs to rebrand itself and bring stability if it wants to attract investors.