Good move Mr President for lifting imports ban

THE government’s decision to strike off portions of Statutory Instrument 122 of 2017 to increase the flow of basic goods into the market ahead of the festive season and ease pressure on foreign currency demand on the Reserve Bank of Zimbabwe (RBZ) is a most welcome development.

The three-tier pricing system we had just started witnessing is untenable. Perhaps, the next big thing to happen in the country is to ensure business or among them unscrupulous business operators desist from opportunism, whereby they now punish the consumer by pegging their goods too high for the ordinary citizen.

Of late, access to basic commodities such as cooking oil and sugar had become a nightmare for the poor majority, with retailers forced to limit the number of such goods per individual buyer, while prices have been shooting up.

While industry may feel let down by the decision, we believe it doesn’t make sense to keep the ban in place when the very products are either in short supply or the prices are beyond the reach of many.

In fact, for too long, many locally-manufactured goods have been priced exorbitantly, and the coming of competition from elsewhere should imply that we have competitive prices.

The new development will ensure that retailers are able to re-stock and ensure that people have access to these goods and clamp down on the panic buying that we have seen of late.

We, indeed, hail President Emmerson Mnangagwa for heeding the cry of the public and acting in a firm manner, dealing a heavy blow to manufacturers and other retailers who were now hiding behind a finger to wantonly increase prices based on half-truths that they were all buying their foreign currency on the black market.

This move was particularly strategic in that the festive season is around the corner and citizens want to have something to cheer about despite the economic hardships obtaining in the country.

The wave of price increases that followed the RBZ mid-term monetary statement and the introduction of the Transitional Stabilisation Programme by Finance minister Mthuli Ncube early this month had really made life difficult for many ordinary Zimbabweans.

It is hoped that government will also see through its promise to enforce the Bank Use Promotion Act (Chapter 24:24) and end the three-tier pricing system that has hit the market, which many retailers were now taking advantage of to abuse consumers.

11 Comments

  1. Very sweet move and it is only in Zimbabwe were an increase in demand is followed by either suspension of production or total closure of companies with some accessing forex from central bank joining the band wagon very bizzare indeed but now we hear most of these companies are panicking and cursing their advisers as definitely there was a third force behind all this nonsense

  2. Manufacturers were becoming part of the problems instead of finding solutions for their respective industries.

  3. great move indeed,thank you Mr President

  4. We are now where we are because the govt had made a stupid move in the first place. Thanks for correcting your govt’s mistake, make fewer ones moving forward.

  5. Linda Ndlovu- UZ

    Government is not doing any good to the nation by revoking SI 64. They only made a kneejack reaction. Of late cooking oil was full in shops at very affordable rates, with sugra going for $2 and many other basic commodities being rightfully priced. The chaos only happened after the announcements on policy changes by Mutuli. But now this policy will not benefit the nation in the long run.
    1. Industry will suffocate and eventually annihilate due to dumping of cheap imports.
    2. More people are faced with real dangers of retrenchment, as there will be less demand for locally manufactured goods.
    3. People risk consuming substandard and expired foodstuffs from out of the country as they will be dumped onto the Zimbabwean market.
    4. There is nothing to call our own as Zimbabweans in the near future as virtually all goods will be imported
    5. There will be increased pressure on foreign currency and increased rates on parallel market due to increased foreign currency demand.
    6. Government will likely loose out on taxes such as VAT and PAYE as more and more taxable population will be retrenched.

    This decision though it sounds sweet news in the short term, it is disastrous if we are to evaluate the future of Zim Economics.

    1. ONLY SENSIBLE OBSERVATION

    2. Linda, which foreign currency are you talking about because as we all know the USD is our currency and the Bond is not a currency. Let us turn the clock back to …just 2016 before the bond paper note…How was Zimbabwe doing? Anyways, this is a casino economy and when we return to economics basics then we will do well.

    3. Big up. Only kuti vanhu vatema quick things and solutions ayaz. I think this is the most confused goverment I have seen. yaaah ummm I have nothing to say

  6. Its a merry-go-round situation. Even if people are allowed to import freely it only makes sense to those earning either the USD or Rand. If I am Zimbabwean and I need to import I still need forex which is either not available or expensive.
    As long as industry is like a grave yard and our agri-system is not giving enough ingridients for our industries we still remain with the same problems. This is just a reflex action.

    1. Exactly!

      Zanu PF has failed and the way out is for the country to have an transition government that will prepare the nation for free and fair elections and a clean new start!

  7. What is happening here is crisis management by a regime that clearly has no clue what the root causes of the economic meltdown are much less what to do about them! As long as Zimbabwe continues to import more than it is exporting the country’s current shortages of forex, fuel, food, medicine, etc. will only get worse and not better.

    Zimbabwe needs a large injection of investments and cash to kick start the country’s comatose economy. Sadly no investor or lender will do business in a pariah state ruled by corrupt and vote rigging thugs. We need to end this curse of pariah state if we are serious about reviving the country’s economic fortunes.

    As long as the country remains a pariah state there will never be an meaningful economic recovery!

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