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Buy Zimbabwe Registers Disapproval Over Reduction Of Tariffs On Imports

Buy Zimbabwe Registers Disapproval Over Reduction Of Tariffs On Imports

Buy Zimbabwe has engaged the Government following the recent announcement by Finance Minister Mthuli Ncube that those with free funds are allowed to import basic goods at lowered tariffs.

In a statement, Buy Zimbabwe General Manager Alois Burutsa said the move will reserve the industrialisation gains that have been made by the country over the past few years.

Burutsa urged authorities to reverse the measure and instead, support the local industry through tax breaks, among other things. Read the statement:

Buy Zimbabwe has been inundated with calls from members of the public and business concerned about the negative impact likely to arise following the recent announcement by Finance and Economic Development Minister Professor Mthuli Ncube that those with free funds are with immediate effect allowed to import basic goods at lowered tariffs.

In the main, our concern as Buy Zimbabwe is that this development is likely to reverse the industrialisation gains that have been made by local industry in the supply of basic commodities in the last few years.

Local industry had increased capacity utilisation to 65 per cent while 75 per cent of shelf space is now taken up by locally produced goods.

These gains are now under threat if anyone with free funds begins importing basic commodities at lowered tariffs.

We firmly believe that the solution lies in supporting the local industry through tax breaks, preference on the auction market and public procurement to companies whose goods and services have a minimum local content ratio of 50 per cent.

Buy Zimbabwe is frantically engaging the government to ensure that we do not in the attempt to manage the currency challenges come up with positions that reverse the gains made in the last few years in terms of local production and capacity utilisation.

We have the belief and confidence that if the local industry is supported by government, Zimbabwean companies will not only provide products which are cheaper and competitive but can also satisfy local market demand and the export market.

Buy Zimbabwe remains committed to the production, promotion and preference of local products and services to create and preserve jobs, wealth and pride.

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9 Comments

Asalif 1 month ago

You reap what you sow you were at the auction system when black market rate rise you rise prices you should have made a price tag measure to retail stores and not supply them anymore if they sell above your gazetted price like what Delta does if the marketing team comes they ask customers how much did you pay for the drink if it's more than $1for 4 no more buying on delivery truck and they take their chiller period . then as for you we see your merchandise


icho 1 month ago

there's nothinf to buy inzimbabwe


Two Boy 1 month ago

Local companies import finished products, repack, and label them 'buy Zimbabwe'.


Tang. Ku 1 month ago

A decade of madness ,nduru ncube is far from a foolish


Chinese zodiac 1 month ago

Its true buy importing some goods which we can locally produce there is no logic there just reverse yr ramparth laws and make the economy move on therefor strenghten our crippling industries


gandangaguru 1 month ago

zanu policies always services the elite. vaona havo ivo vanefree funds kuti havangafi nenzara ndokubva vabvumirana kunotenga joza kooo Zim povo yodiiiii..... selfish policies meant to satisfy bloody thirsty vampires


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g 1 month ago

these people never cease to amaze me. when the buy Zim campaign was launched a 2 litre bottle of d lite cooking oil was going for $2.50. now it's $7.00 for locally manufactured ones. this is despite accessing cheap USD from the auction. how do you justify such rampant looting. you want to continue squeezing blood from the ordinary citizen whose salary has remained stagnant since 2019. let people buy where it's cheaper and you should compete with foreign goods since you already have access to cheap USD. otherwise zadza wangu


Buy Zimbabwe 1 month ago

You want protection when it suits you, its now an open market that will see you price your goods properly. You are simply milking consumers.

­čÖë­čÖë 1┬ámonth ago

­čąâ­čŹż rizare Pindula



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