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Finally| Good News From Mnangagwa To South Africans This Morning, Left Zimbabweans Rejoicing

https://www.zbcnews.co.zw/govt-suspends-import-duty-on-selected-basics/

Finally, Mnangagwa's good news to South Africans this morning brought joy to Zimbabweans.


As of today, the assembly industry's responsibility to provide merchants with enough goods supplies has been highlighted.


Despite the fact that local item accessibility has increased by more than 80% since the launch of the Reserve Bank of Zimbabwe (RBZ) sell-off framework in mid-2020 and other government interventions, a ZBC News survey found that most retail outlets had limited supplies of sugar, cooking oil, and mealie-supper.


As a result, the government has postponed the payment of 15 essential items for an extended period of time, effective Tuesday.


Mr. Denford Mutashu, President of the Confederation of Zimbabwe Retailers, described the recent interventions as critical to the viability of financial increases in terms of item accessibility and fair valuing.


"Depository is just responding to a situation that has arisen on the ground, in which a significant share of basic items is difficult to obtain. As an intercession, the move is aimed at ensuring accessibility while ensuring a wide range of items, taking into account competition and the demand for industry to also up its down after having obtained to forex to retool "he added.


Mr Luxon Zembe, the Past President of the Zimbabwe National Chamber of Commerce, believes that everything revolves around partner responsibilities in ensuring that goods is more widely available at traditional retail outlets.


"There is a test that if all of the products are currently in the casual area, the vast majority will be denied access to the merchandise at the appropriate evaluation models, so let us keep an eye on what happens when the government tries to change the demonstration," mr Zembe noted.


Depository has also partnered with ZIMRA, the public revenue collector, to critically create a legal document and implementation framework for the obligation suspension notice, which will take effect on Tuesday.

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