Business / Economy
Mugabe to block export of raw materials with no value addition
19 Sep 2013 at 05:15hrs | Views
PRESIDENT Mugabe has underscored the need to add value on Zimbabwe's raw minerals before exporting.
Mugabe said Government would no longer allow firms to continue exporting raw minerals with no value addition under the pretext that they did not have refinery machines.
"We want to re-organise it (mining sector). Organise it in a manner that we know precisely what we are getting from gold, diamond and platinum and there is value addition along the way. So let the companies not continue to cheat us and say we cannot establish refinery yeplatinum, hatina maproducts akakwana. Hatidi kuramba tichinzwa izvozvo," he said.
Meanwhile, ZNCC VP Davison Norupiri has called for the immediate review of duty on imported raw materials.
Speaking at the "New Government, New Policies, and New Expectations" business summit Norupiri said the new Government should take steps towards liberalising the duty imposed on imported raw materials.
Norupiri also urged authorities to take the necessary steps to stem the smuggling of imported goods into the country.
Norupiri said the business community and Government were setting up the Economic Implementation Taskforce to oversee the implementation of the Industrial Development Policy, among other issues that the previous Government failed to implement.
Mugabe said Government would no longer allow firms to continue exporting raw minerals with no value addition under the pretext that they did not have refinery machines.
"We want to re-organise it (mining sector). Organise it in a manner that we know precisely what we are getting from gold, diamond and platinum and there is value addition along the way. So let the companies not continue to cheat us and say we cannot establish refinery yeplatinum, hatina maproducts akakwana. Hatidi kuramba tichinzwa izvozvo," he said.
Speaking at the "New Government, New Policies, and New Expectations" business summit Norupiri said the new Government should take steps towards liberalising the duty imposed on imported raw materials.
Norupiri also urged authorities to take the necessary steps to stem the smuggling of imported goods into the country.
Norupiri said the business community and Government were setting up the Economic Implementation Taskforce to oversee the implementation of the Industrial Development Policy, among other issues that the previous Government failed to implement.
Source - herald
