Market report: Proper policy communication vital

Source: Market report: Proper policy communication vital – Sunday News Jul 10, 2016

THE demonstrations that the country witnessed in the past few weeks were partly due to poor communication of policies that the Government would have formulated.

This was exposed on the Statutory Instrument number 64 of 2016 which restricted the importation of selected basic commodities.

When it was first announced it was not clear who it was targeting and the clarification only came weeks later after the country witnessed demonstrations which resulted in the burning of a Zimra warehouse in Beitbridge.

It has come to fore that the SI was only targeted at those who will import for resale or rather for commercial purposes and not individuals.

This should have been clarified, before ordering Zimra to implement the policy. More so such important policies also need ample time to educate the people on its meaning and implications.

This must be a lesson that any policy gazette needs to be properly explained before it is shoved to the people.

Meanwhile the Industrial index shed 0.07 points (0,07 percent) to close at 102.41 points as the seed manufacturer SeedCo decreased by $0,0100 to settle at $0,5600.

Five counters traded unchanged including Barclays, Delta, Econet, Innscor and Simbisa at $0,0150, $0,7000, $0,2100, $0,1700 and $0,1300 in that order.

However, Colcom led the movers with a $0,0025 increase to close at $0,1850 while Padenga added $0,0004 to $0,0870 and CFI inched up by $0,0002 to trade at $0,0736.

The Mining index was unchanged at 24.70 points.

Bindura, Falgold, Hwange and RioZim remained unchanged on previous price levels at $0,0100, $0,0055, $0,0300 and $0,1700 in that order.