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Government has amended indefinitely Statutory Instrument (SI) 122 of 2017 to allow companies and individuals with offshore and free funds to import specified basic commodities that are in short supply due to the speculative behaviour of local retailers and panic-buying by consumers.
The decision to amend SI122 was reached by Cabinet at its sitting yesterday and announced by Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa at a weekly media briefing.
She said Acting Minister of Industry and Commerce Dr Sekai Nzenza presented to Cabinet the prevailing situation in the market regarding the availability and prices of basic commodities.
“The continuing increases in prices effectively push the commodities beyond the reach of many of our people,” Minister Mutsvangwa said. — The Herald.
Bongani Ndlovu