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THE Ministry of Finance has started consultations in preparation for the mid-term fiscal policy review and once again it is every businessperson’s wish that the pronouncement will provide direction which the country intends to take in its quest to revive the economy.
Finance Minister Patrick Chinamasa is expected to present the review next month.
Such review statements are pregnant with policy announcements that shape the direction of the economy.
They also help investors get an update on what has been achieved and what needs to be adjusted from set targets from the previous budget.
Meanwhile, the Industrial index closed the week on Friday lower at 154.03 points after losing 0.16 points (0,10 percent). Old Mutual was the only counter to trade in the negative territory as it dropped a cent to close at 250 cents.
Dawn added 0,10 cents to trade at 1,50 cents while activity was limited to 10 counters.
Despite the loss, the week on week IUndustrial index was up 0.03 points (0,02 percent)
The Mining index was flat at 42.93 points. Bindura, Falgold, Hwange and RioZim maintained previous price levels at four cents, 0,40 cents, 3,50 cents and six cents respectively.
The week on week Mining index remained unchanged.
Bongani Ndlovu