Articles tagged 'si 64'

Lifting of SI 64 commendable 25 October 2018 HARARE - The move by government on Tuesday to lift indefinitely the ban on the importation of groceries and other basic commodities with immediate effect could prove to be the solution to the obtaining shortages and price hikes. Government had, in 2016, promulgated SI 64 as a way of protecting...
Opposition slams Mugabe over SIs 24 October 2017 HARARE - Opposition parties have accused President Robert Mugabe of causing more harm than good for his “willy-nilly” use of Statutory Instruments (SIs) which they claim has rendered Parliament ineffective. A Statutory Instrument is a form of legislation which allows the provisions of an Act o...
Zim cost of living unjustifiably high 11 July 2017 HARARE - Nearly a decade after ravaging hyperinflation — characterised by steep commodity prices rising by the day — it seems Zimbabwe remains a very expensive country to live in. Back then, around 2006-8, the country's cost of living was way too high compared to its regional peers like Botswa...
'SI64 saved local industry' 7 July 2017 VICTORIA FALLS - Zimbabwe's manufacturing industry was saved from total collapse by the imports ban policy implemented by the government exactly a year ago, a new study has shown. The country, through Industry minister Mike Bimha introduced Statutory Instrument 64 of 2016 (SI64) to help resusc...
Zim a broken society: Moyo 1 July 2017 HARARE - Former Confederation of Zimbabwe Industries (CZI) president Busisa Moyo has said Zimbabwe is now a broken society due to lack of unity and dialogue. He accused authorities of introducing policies without consulting stakeholders and the people. “Zimbabwe is not broke but broken, we ...
Govt slammed over imports ban flip-flop 22 May 2017 HARARE - Scrapping of government's imports ban policy — Statutory Instrument (SI) 64 — is long overdue, as the measure was “ill-advised and never the solution” for Zimbabwe's deepening economic crisis, economists and industry players said. This comes amid flip-flop in government's position on ...
Govt gloats over imports ban 13 May 2017 HARARE - President Robert Mugabe's government said the controversial statutory Instrument 64 (SI 64) of 2016 has helped boost local industry capacity utilisation, a government official has said. Deputy Industry minister Chiratidzo Mabuwa last week said the legislative piece — which was introdu...
Govt imports ban fuels smuggling: Bimha 16 March 2017 HARARE - Zimbabwe's ever-bumbling government is struggling to contain the rampant smuggling of imported basic consumer goods that it ill-advisedly banned last year, in a desperate bid to lower the country's imports bill, shore up the State's empty coffers and protect local manufacturers. In a ...
Mugabe slammed for snacking on banned imports 28 February 2017 HARARE - President Robert Mugabe has come under fire for snacking on imported products that his government banned, with the opposition saying the move exposes the nonagenarian's high level of hypocrisy. They said what further exposes his pretence is his penchant for using foreign hospitals and...
Zim retailers struggle to remain profitable 29 January 2017 HARARE - Local retailers are struggling to remain profitable in the wake of acute cash shortages, an increasingly menacing informal sector and deteriorating economic conditions, the Confederation of Zimbabwe Retailers (CZR) said. CZR president Denford Mutashu told the businessdaily that with c...
Basic food prices go up 26 January 2017 HARARE - The prices of basic goods, including foodstuffs, have soared in recent weeks, as the country's economy continues to collapse — compounding the misery of long-suffering Zimbabweans. As a result, crisis-weary ordinary citizens told the Daily News yesterday that it was imperative for the...
Stop punishing the consumer 26 January 2017 HARARE - Recent price hikes on basic food commodities and fuel are not only diabolic but also unjustified on the hard-pressed consumer. A month-long survey by this paper revealed that profiteering mentality still exists among most retailers in the country as it seems it is only in Zimbabwe whe...
Govt waives raw wine import duty 14 January 2017 HARARE - Zimbabwe is to suspend customs duty on imports of raw wine until December 31, 2017, the government has announced. The excise duty exemption for manufacturers came into force on January 1, 2017, according to the latest Government Gazette. According to the schedule, only wine of an a...
Zim industry engages banks 13 January 2017 HARARE - The Confederation of Zimbabwe Industries (CZI) said it has engaged financial institutions over delays in foreign payments. This comes as local industry has been struggling to import raw materials since late last year due to lack of foreign currency and banks' delay in settling interna...
Highs and lows of business 1 January 2017 HARARE - 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. Zimbabwe's economy was expected to grow by 2,7 percent this year before it was slashed to 0,6 percent this year due ...
Zim moves to cut cheap imports 23 December 2016 HARARE - Zimbabwe is moving to establish a National Quality Standards Regulatory Authority (NSRA) with the intention to halt the importation of cheap imports. Industry minister Mike Bimha on Wednesday said the country lacked an authority specifically tasked with inspecting products that make t...
Zim industry rebounds: CZI 24 November 2016 HARARE - The Confederation of Zimbabwe Industries (CZI) has sensationally claimed that local industry is on a rebound despite the worsening economic situation in the country that has seen gross domestic product growth being slashed by half this year. In a surprisingly optimistic survey release...
'Imports ban created opportunities' 24 October 2016 HARARE - Zimbabwe's imports ban has created opportunities for the local manufacturing industries to boost their production capacity, a consumer pressure group has said. This was after the government in June imposed an imports ban Statutory Instrument 64 of 2016 (SI64) on a number of basic good...