We need to increase exports, we need to increase value addition, we need to generate more foreign currency, get more investment into the country and more remittances so that there is increased supply of foreign currencies. We must have adequate foreign exchange cover for several months’ requirements.
The tax-free threshold for employees has been reviewed. It has effectively been doubled in Zimbabwe dollars to try and improve disposal incomes. But I think that is inadequate because it is below inflation.
CZI warned that in the absence of viable steps to arrest further economic carnage, the income tax crisis could drag industries into a debilitating quagmire as consumer buying power diminishes.
On Saturday, Mnangagwa announced a raft of measures aimed at controlling the spiralling inflation, which included a directive to retailers to stick to the official interbank rate of $280 to avoid price distortions.
Chikohora, who is also the leader of the Coalition for Democrats (CODE), said the currency crisis seen in a free-falling Zimbabwe dollar, sparking price hikes could not be ignored any longer.
Matabeleland South Anti Stock Theft Association chairman Victor Sibanda said the stock theft cases were alarming.
Matabeleland South Anti Stock Theft Association chairman Victor Sibanda said the stock theft cases were alarming.