November 21, 2007

From the News: Suddenly!

From The Herald (state owned newspaper), 21 November: Imported goods welcome

By Walter Muchinguri and Martin Kadzere

Importers of basic commodities have been encouraged to continue bringing in such goods, as they were crucial in bridging the supply gap while local companies resuscitate operations. The Reserve Bank of Zimbabwe and the National Incomes and Pricing Commission said imported goods were welcome into the market but should be realistically priced so that they remain affordable to consumers. RBZ Governor Dr Gideon Gono yesterday said the NIPC was recently caught off-guard when it gave businesses an ultimatum of up to November 22 to clear their stocks of imported goods or be forced to sell them at prices below the official exchange rate. The NIPC, chaired by Mr Godwills Masimirembwa, had issued the ultimatum, saying that it would factor the official exchange rate in coming up with pricing models for imported goods. Dr Gono said there were no intention to ban imports of basic commodities but, however, encouraged businesses not to profiteer. (...)

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