Khaya Moyo says Zimbabwe's $275 to $300 minimum wage is too high to attract investors

In a speech read on his behalf by Industry and Commerce Deputy Minister Chiratidzo Mabuwa at a competitiveness conference last week, Minister of Policy Coordination and Promotion of Socio-Economic Ventures in the President’s Office Simon Khaya Moyo said Zimbabwe should address high wage levels, which are in some cases are 10 times more than those prevailing in the region, as this is contributing to the erosion of competitiveness for local products.

Khaya Moyo said,

One erudite economist made a comparative analysis of the regional wages. He indicated that Zimbabwe offers minimum wages of $275 to $300, Malawi offers $30, Mozambique $120, Botswana $93 and Zambia $100. It is obvious that using this criterion of minimum wages, investors will not invest in Zimbabwe.

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