NCC BILL GAZETTED

Chronicle (Zimbabwe) - - Business Chronicle -

THE Gov­ern­ment has gazetted the Na­tional Com­pet­i­tive­ness Com­mis­sion (NCC) Bill as it moves to ex­pe­dite the cre­ation of an ef­fi­cient and cost-ef­fec­tive busi­ness op­er­at­ing en­vi­ron­ment, an of­fi­cial has said.

The de­vel­op­ment fun­da­men­tally paves way for the re­peal of the Na­tional In­comes and Pric­ing Act Chap­ter 14:32 and op­er­a­tional­i­sa­tion of the NCC.

The NCC’s role — among oth­ers — is to co-or­di­nate Gov­ern­ment pol­icy re­lated to the busi­ness sec­tor.

“The NCC Bill was gazetted on 23 Septem­ber 2016. The NCC will en­able the cre­ation of a com­pet­i­tive busi­ness en­vi­ron­ment in Zim­babwe through de­vel­op­ment, co-or­di­na­tion and im­ple­men­ta­tion of key pol­icy im­prove­ments,” said In­dus­try and Com­merce Min­is­ter Mike Bimha.

The bill also pro­vides the frame­work to re­duce prices of goods and ser­vices in the econ­omy by en­cour­ag­ing com­pet­i­tive­ness and im­prov­ing the ease of do­ing busi­ness.

Ac­cord­ing to the 2014 cost driver anal­y­sis re­port, many of the costs of pro­duc­tion in Zim­babwe are higher than those of neigh­bour­ing coun­tries with which Zim­babwe com­petes for ex­ports and in­vest­ment.

Ex­perts have in­sisted that the coun­try can en­hance the prospects for fu­ture growth by iden­ti­fy­ing and fo­cus­ing on th­ese co s t drivers.

Other con­straints re­late to in­fra­struc­ture deficit in­clud­ing wa­ter, power, trans­port and com­mu­ni­ca­tions. Th­ese have neg­a­tively af­fected the ease of do­ing busi­ness in the coun­try, which af­fects in­vest­ment flows, pro­duc­tiv­ity as well as em­ploy­ment cre­ation.

Other iden­ti­fied chal­lenges to do­ing busi­ness in­clude labour law rigidi­ties and a mul­ti­plic­ity of op­er­a­tional per­mits and li­cences.

Mean­while, Min­is­ter Bimha said the Gov­ern­ment is in the process of de­vel­op­ing a lo­cal pro­cure­ment pol­icy that will en­cour­age both in­di­vid­u­als and com­pa­nies to buy lo­cally.

“We’re in the process of de­vel­op­ing a lo­cal pro­cure­ment pol­icy to en­cour­age both in­di­vid­u­als and cor­po­rates to de­velop a cul­ture to buy lo­cally.

“The pol­icy will also en­cour­age pro­duc­tion of high qual­ity goods which can com­pete in­ter­na­tion­ally,” he said. Lat­est sta­tis­tics from the Zim­babwe Na­tional Sta­tis­ti­cal Agency (ZimS­tats) show that the coun­try recorded a trade deficit of $1,82 bil­lion for the eight months to Au­gust 2016.

Dur­ing that pe­riod, Zim­babwe im­ported goods worth $3,329 bil­lion com­pared to ex­ports of $1, 507 bil­lion. — BH24/Busi­ness

Re­porter

Del­e­gates at the ZNCC Pre-2017 Na­tional bud­get sem­i­nar in Bu­l­awayo last week

Min­is­ter Mike Bimha

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