Amendments to imports law gazetted

Fidelis Munyoro Chief Court Reporter Government has gazetted amendments to Statutory Instrument (SI) 122 of 2017 to pave way for companies and individuals with offshore and free funds to import specified basic commodities. Most basic commodities disappeared from shelves owing to speculative conduct by retailers and panic-buying by consumers. In a statement last night, Industry and Commerce Minister Nqobizitha Ndhlovu announced the proclamation of Statutory Instrument 237A of 2018, amending SI 122 of 2017 that substituted SI 64 introduced in 2016, Control of Goods (Open General Import Licence). “The Ministry…

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The views on the economy of Zimbabwe

Do you think that Hon Biti's threat that the revenue proposals put forward by the Min of Finance will be blocked in parliament is real?"So all revenue measures announced by the new mess is null and void until approved by parliament. We will be waiting in Parliament. Trust me!!!" — Mutumwa (@mmawere) October 3, 2018 The reality is that scarcity can only be cured by a mkt system&not any administrative fiat. The mkt system works on the principle of value. No object without value can be exchanged in a mkt…

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