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*Lifting Import Restrictions Will Affect Local Industries Negatively, Companies Could Close - CZI* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?qk The Confederation of Zimbabwe Industries (CZI) has criticised the move made by the government to indefinitely lift all import restrictions to allow businesses and individuals with access to forex to import goods. The CZI said the move by the government will affect local industries negatively and could result in company closures. CZI president Sifelani Jabangwe told NewsDay ---------- itel A70 256GB $99USD Buy on WhatsApp: https://wa.me/263717684274?text=22240 Calls: 0772464000 ---------- > We believe that this is not the appropriate action because it will affect business adversely if goods were to come in and start taking away demand from local industry. I think as you are aware, as CZI, you have not heard us talk about company closures for the past two years or retrenchments, but you could actually find that it starts again. Oil Expressers’ Association of Zimbabwe president Busisa Moyo added, > The issue is forex, the inefficiencies in forex allocation and so on…They gave us sufficient warning. But I think the South African manufacturing is doing a dance. The farmer in SA has a bigger market for his soya. More: NewsDay _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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