SMEs Min­is­ter says vendor re­moval good

Chronicle (Zimbabwe) - - Business Chronicle - Kiyapili Sibanda Busi­ness Re­porter

SMALL to Medium En­ter­prises and Co-op­er­a­tive De­vel­op­ment Min­is­ter Sithem­biso Ny­oni says Pres­i­dent Mu­gabe’s di­rec­tive to move ven­dors to des­ig­nated ar­eas is pro­gres­sive and will as­sist in for­mal­i­sa­tion of bud­ding busi­nesses.

The Pres­i­dent re­cently ex­pressed con­cern over dis­or­derly vend­ing in and around Harare Cen­tral Busi­ness District say­ing op­er­a­tors should con­duct their busi­ness in des­ig­nated ar­eas to al­low free flow of ve­hic­u­lar and hu­man traf­fic.

In an in­ter­view, Min­is­ter Ny­oni ap­plauded the Pres­i­dent’s di­rec­tive and said her min­istry was al­ready work­ing with the in­for­mal sec­tor to sani­tise their op­er­a­tions in­clud­ing en­sur­ing that they ob­tain point of sale ma­chines for easy trans­act­ing.

“The Pres­i­dent talked about ven­dors in Harare that they should va­cate the CBD. We thank the di­rec­tive as this will make them join the for­malised sec­tor for them to be able to ac­cess fi­nance.

“We also want to make sure that ven­dors get the POS ma­chines as this is a good move to­wards their busi­nesses,” said the min­is­ter.

Zim­babwe’s tax agency, Zimra, has re­vealed that it has this year reg­is­tered about 14 000 SMEs who are con­tribut­ing about 25 per­cent in­come to the fis­cus.

Min­is­ter Ny­oni said she was happy with the num­ber of reg­is­tered SMEs so far and hoped more would be reg­is­tered.

“Zimra has been run­ning work­shops at pro­vin­cial and district lev­els in or­der for SMEs to un­der­stand the rules and reg­u­la­tions of tax­a­tion and also ap­pre­ci­at­ing the need for them to pay tax as a re­sult of that.

“Between Jan­uary and June nearly 14 000 SMEs had reg­is­tered to pay tax,” she said.

The min­is­ter said SMEs play a very im­por­tant role in the econ­omy.

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