SI 64 saves Zim $2bn

Business Reporters Zimbabwe saved over $2 billion in potential import expenses following the introduction of import control measures under Statutory Instrument 64 of 2016, Vice President Emmerson Mnangagwa said yesterday. Government last year introduced SI-64, effectively banning the importation of certain products without prior clearance in a bid to support local industry, which had suffered from…
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Regulations criminalising cash vending gazetted

Fidelis Munyoro Chief Court Reporter— Government has gazetted regulations that criminalise cash vending without permission from the exchange control authority and empowered police to arrest money peddlers and seize whatever currency involved. In an Extraordinary Government Gazette published yesterday, President Mugabe issued Statutory Instrument 122A of 2017 — Exchange Control (Amendment) Regulations 2017 (No 5) —…
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Cash, forex traders put on notice

Daniel Nemukuyu Senior Reporter— CABINET has approved a host of measures to arrest artificial shortages of basic commodities and the price madness triggered by economic saboteurs through social media, with Finance and Economic Development Minister Patrick Chinamasa firing warning shots at illegal cash vendors on the streets. Government will also pull the trigger on traders who…
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Govt, industry spring to action •Causes of price hikes under probe •Bimha to leave no stone unturned

Africa Moyo Business Reporter— GOVERNMENT yesterday engaged captains of industry and Reserve Bank of Zimbabwe (RBZ) officials with a view to locating and solving challenges that triggered recent price increases and hoarding of products by consumers.Industry and Commerce Minister Dr Mike Bimha said last night that he held marathon meetings with representatives of the Confederation of…
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