IAC hosts annual conference IAC dailynews 12 FRIDAY, OCTOBER 17, 2014 www.dailynews.co.zw T HE Institute of Administration Commerce (IAC) discussed the Zimbabwean economic situation by unmasking the economic enablers that will unlock Zimbabwe’s economic potential when they met for their annual conference at the Carribea Bay Resort in Kariba from October 1 to 3 a fortnight ago. Reserve Bank of Zimbabwe deputy governor Charity Dhliwayo, who delivered the keynote address at the IAC conference, said the finance sector is the heartbeat of the economy, as a result the central bank is doing all it can to maintain a sound financial sector. While answering a question from a participant, Dhliwayo said, only three banks were facing liquidity challenges, the rest of the 16 were meeting their depositors’ obligations. Thanks to RBZ’s strict surveillance and continuous engagement with all players in the financial sector. Dhliwayo explained, in Zimbabwe, the financial system has been significantly tested in recent years by the effects of the hyperinflationary environment, volatile global commodity prices and the resulting slowdown in domestic economic activity since the adoption of multicurrency system in 2009. Nonetheless, the Zimbabwean financial system has remained relatively resilient over this period. The deputy governor gave reasons why the soundness and stability of the financial system is important: it creates a trusting and enabling environment favourable to savers and investors. it helps the transmission of monetary policy, thereby, assisting the attainment of the price stability objective. it encourages efficient financial intermediation which eventually promotes investment and growth. it encourages effective and efficient operation of markets and improves distribution of resources in the economy. While addressing IAC delegates, SAZ executive director Eve Gadzikwa said upholding high ethics and good corporate governance is good for business and Zimbabwe. She also emphasised that all Zimbabweans should desist from paying bribes because this kills businesses and sends negative signals to investors thus retarding growth. Eve advocated the importance of a Zimbabwe Legislation protecting whistle blowers to tame corruption. Petronella Kagonye, deputy minister of Transport and Infrastructural Development, set the tone with a presentation on the role of infrastructure in growing the Zimbabwean economy. She said her ministry was working hard to make roads, railways, airports, and other infrastructure become usable to enable safe movement of goods and passengers. The objective of the conference was to improve skills, knowledge and expertise of delegates, for excellent service delivery at their workplaces guided by a code of professional practice. Reserve Bank of Zimbabwe deputy governor Charity Dhliwayo presents the keynote speech at the IAC 2014 Annual Conference held recently at Carribea Bay in Kariba. Delegates follow proceedings at the IAC 2014 Conference at Carribea Bay in Kariba. IAC offers relevant higher diplomas IAC offers higher diplomas which have a strong focus on professional values, ethics and governance. This is essential because most professions are moving towards strengthened codes of conduct, regulation and legislation, which is why the curricula has an increased focus and is updated regularly. IAC higher diploma programmes Financial Accounting Cost and Management Accounting Corporate Management Office Administration Marketing Management Human Resource Manage- ment Public Relations Purchasing and Materials Management Ministry of Transport and Infrastructure
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