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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Flashback: Shabanie Mashaba Mine; a case of bad politics and greed

JOHANNESBURG – What started out as a legal fight for the return of businesses confiscated by the state has become an intriguing expos of how  Former President Robert Mugabe runs the nation. Court papers in the dispute between Shabanie Mashaba Mine (SMM Holdings) and Minister Patrick Chinamasa revealed Mugabe’s hidden hand meddling in judicial matters. SMM was taken over by the government  ostensibly for owing huge amounts to the Reserve Bank of Zimbabwe and other lenders, and on suspicion that it spirited foreign currency earnings abroad. Both allegations have yet…

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The reopening of Shabani Mashaba Mines – Share your Views

PLANS to re-open the Shabani Mashaba Mines (SMM), which were shut down in 2004, were at an advanced stage after the government engaged an Indian company that is ready to buy 50 000 tonnes of the mine’s produce per year, a government official has revealed. Mines deputy minister Fred Moyo recently confirmed the development, saying a technical report that is being put together by management details financial and technical requirements for SMM’s revival. He said SMM has completed a report for Mashava’s Gaths Mine, while Shabani’s report is almost complete.…

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