Zim has a number of SIs to protect industry

IT is important to note that there are many measures to protect local industry and agriculture that the Government has had over the years. The problem is that the public and the media is only conscious of Statutory Instrument (SI) 64 of 2016 and enforcement for the other SIs became strict after SI 64. It also has to be noted that the import management programme seeks to ease pressure on currency outflows, secondly increase employment levels, thirdly provide markets for primary value chain players such as tomato and potato growers and finally and more importantly to start building a solid base of competitively priced quality export products. INDUSTRIALS The Industrial Index closed the week on a higher note after adding a significant 3.59 points (2,06 percent) to close at 177.79 points. Gains continue to be witnessed across the board as SeedCo was $0,0900 solid at $1,1000, British America Tobacco was up by $0,0500 to trade at $17,10 and the Beverage giant Delta ended $0,0455 higher at $1,1020. Innscor continued its winning streak as it put on $0,0310 to settle at $0,6510, Simbisa rose by $0,0200 to $0,2000 and PPC improved by $0,0125 to settle at $0,6825.

Econet lost a further $0,0078 to close at $0,3500 whilst CFI, OK Zimbabwe and Padenga remained flat at $0,1425, $0,0750 and $0,2150 respectively.

Week on week the industrial index gained a hefty 9.81 points (5,84 percent). MININGS The Mining index was flat at 69.63 points. Bindura, Falgold, Hwange and RioZim remained unchanged at previous trading levels at $0,0300, $0,0100, $0,0235 and $0,5500 in that order.

The mining index remained flat compared to week ending 2 June 2017.