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Response to “170 forex dealers arrested”
Who are the major players in this illegal market? Naming and shaming would be a major deterrent to others in the same trade. — @YeuParadza.
Response to “Decision on imports draws mixed views”
While the issue is debatable, it is the balance sheet effect that counts and whether the move will assist us to navigate our goal to stabilise our economic situation. As a temporary measure, the move appears plausible, in my learned view. For some, to the uninitiated, it seems easy for them. — @Onwellkurevashe. The Herald — Zimbabwe
Response to “ED charms Zambians at Uhuru celebrations”
The Zambians gave our freedom fighters refuge for many years. The President stayed in that country as a young revolutionary before he joined our armed struggle. Yes, Zambia and Zimbabwe are Siamese twins. It is pleasing that Zambia’s founding president Dr Kenneth Kaunda has lived to see Cde Mnangagwa visiting his second home in Zambia as Zimbabwe’s new President. Long live Zimbabwe and Zambia! — Taurai Mangwiro.
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In as much as we appreciate ZIMSEC’s efforts to tighten exam security, the issue of errors, particularly in O Level Maths papers this year, has to be dealt with. Please, whoever is responsible must make sure the papers are printed without errors for the benefit of the candidates. — Wellington Chagonda. www.herald.co.zw
Response to “Decision on imports draws mixed views” In the short-term this policy is very helpful. Government has the opportunity now to negotiate with specific industries and then ring-fence them. For example they can look at sugar producer’s requirements in terms of forex and import substitution. Once the production of sugar starts meeting demand then imports of sugar can be banned. If there is a shortfall in sugar production, Government can open the borders for importation of the balance for a specific period only. This has to be done product by product, not as a blanket policy. A team of experts and monitors can be set up which liaises with each critical industry and gets timely updates on demand and supply. — Goto.
*** Response to “Cabinet approves
pre-Budget strategy” I implore the Ministry of Finance to look at the current tax structure, as it is the highest in the SADC region if you take all the taxes into account. We need to reduce the Income Tax, Capital Gains Tax, Corporate tax, and zero rate VAT and tax on raw material imports that are used in the productive sectors, for example oil producing, pharmaceuticals, bread making and so on. Corporate tax should be reduced to affordable levels that help in attracting investment and encourages companies to reinvest profit into the business for retooling and modernisation of operations. Individual income tax should also be reviewed to allow people to have more disposable incomes and encourage a culture of saving and investment, and also be able to spend on local goods which in effect leads on economic growth. — Bodo.