THE mid-term fiscal policy review was pro-industry after the Finance ministry took on board submissions made by stakeholders, the Confederation of Zimbabwe Industries (CZI) has said.
BY TARISAI MANDIZHA
In his Mid-Term Fiscal Policy Review statement, Finance minister Patrick Chinamasa introduced a raft of measures to boost local industries such as putting restrictions on the importation of basic commodities and banning the importation of second-hand clothing.
CZI president Busisa Moyo yesterday said the Mid-Term Fiscal Policy Review supported the local industry and most of the body’s submissions had been incorporated into the policy.
“The Mid-term Fiscal Policy Review is pro-industry. It’s supporting local industry and it consists of what we have been discussing. We have made submission and the majority of our contributions were carried through,” Moyo said.
“We commend the Finance minister for the review which is pro-business.”
Moyo said the industry hailed the government’s decision to ban importation of cooking oil and milk where capacity utilisation has now grown to 70%.
“The business sector is grateful and we will play our part to reciprocate on those positive utterances made by the government,” Moyo said.
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He, however, said there was need for the government to clarify further on the recommendations and interventions which had been proposed so that people would know how to work.
Moyo said there was need to move with time on some of the recommendations, commending that the Special Economic Zones where Bulawayo now specialises in leather.
“This legislation is very important, but we would like to see the legislation that governs the Special Economic Zones which is being put in place,” he said.
Commenting on the recent firing of workers, Moyo urged companies to exercise restraint.
