Browsing tag
Industry and Commerce Minister Dr Mike Bimha has said Statutory Instrument 64 of 2016 that controls imports which local industry has capacity to produce, will remain in place as long as there is a need to protect vulnerable firms.
The year 2016 will go down as a tough one for the local economy since 2008 as the country slid back into recession and unemployment skyrocketed to unprecedented levels.
By Oliver Kazunga The Zanu PF government has increased the list of goods under Statutory Instrument 64 of 2016 among a raft of measures it claims are aimed at protecting local industry and stimulating domestic production and exports. The new measures will take effect at the beginning of next month. SI 64/2016 was promulgated in […]
Government is moving to entice cross-border traders to buy goods for resale from local manufacturers through subsidies and loans.
Informal cross-border traders in Zimbabwe are in for another shocker as government is planning to expand an unpopular imports ban.
By Tatenda Dewa | Harare Bureau | Industry and Commerce minister, Joey Bimha, has hinted that Statutory Instrument 64 of 2016 has had “unintended effects” on some parts of the economy. The instrument was promulgated recently to ban the importation of 42 commodities from South Africa, among them building materials, creamers and body creams. Addressing […]
By Mashudu Netsianda Smuggling of commodities into the country has escalated following the implementation of Statutory Instrument (SI) 64 of 2016 with the Government losing millions of dollars every week in unpaid customs duty. The instrument restricts the importation of some goods produced locally. But rampant smuggling activities are taking place at illegal crossing points […]
By Ndakaziva Majaka and Farayi Machamire A miffed Pretoria has given President Robert Mugabe’s under-fire government a three-week ultimatum to either revoke or negotiate properly its controversial ban on the importation of basic consumer goods from South Africa, or face the consequences. The looming trade war between Zimbabwe and South Africa, which analysts say would “completely wreck […]