Challenges experienced on implementing government strategies to revive manufacturing companies in Zimbabwe during the period 2009 to 2017
- October 13, 2020
- Posted by: RSIS Team
- Categories: IJRISS, Social Science
International Journal of Research and Innovation in Social Science (IJRISS) | Volume IV, Issue IX, September 2020 | ISSN 2454–6186
Dr Fainos Chinjova1, Mavies Chirinda Magede2
1Graduate School of Business, National University of Science and Technology
P.O Box AC 939, Ascot, Bulawayo; Zimbabwe
2Post Graduate School, Zimbabwe Open University, 8th Floor, Corner House, Harare, Zimbabwe
Abstract: The study examined the challenges that caused STERP, ZIMASSET and Statutory Instrument 64 to fail to revive the manufacturing sector in Zimbabwe during the period 2009 to 2017. An interpretivism paradigm was adopted in order to generate a lot of data in the field and from the site where participants experienced the problem. The study used a multiple case study design involving 20 manufacturing companies operating in Zimbabwe which facilitated a holistic and in-depth investigation of the challenges that affected the effectiveness of the above policies to produce tangible results. The study unearthed that the major challenges that affected STERP, ZIMASSET and Statutory Instrument 64 are the instability of the political climate, massive mismanagement of manufacturing companies, lack of qualified personnel to lead the manufacturing companies, inconsistent government policies and lack of funding to ensure the success of the policies. Hence, a holistic approach is recommended in order for the policies implemented to be effective.
Key Words: STERP; ZIMASSET; Statutory Instrument 64
I. INTRODUCTION
The period 2000 to 2008 saw Zimbabwe experiencing an economic crisis that resulted in the collapse of the manufacturing, mining and agricultural sectors. To address deindustrialisation of the manufacturing sector, the government of Zimbabwe implemented a number of strategies that included the adoption of the use of multicurrency, Short Term Emergency Recovery Programme(STERP), Zimbabwe Agenda for Sustainable Socio-Economic Transformation(ZIMASSET) and Statutory Instrument 64(SI 64), during the period 2009 to 2017 (Noko, 2009, Sibanda & Makwata, 2017).
1. Background to The Study
1.1 Short Term Emergency Recovery Programme (STERP)
The inclusive government launched the STERP in 2009 as a programme for economic stabilisation and revival of the manufacturing sector (Sigauke, 2015).
