Chinamasa demands Capacity Re-utilisation Plan

via Chinamasa demands Capacity Re-utilisation Plan – The Zimbabwe Independent by Hazel Ndebele September 23, 2013

FINANCE minister Patrick Chinamasa has told the Ministry of Industry and Commerce to urgently draw up a plan to lift industrial capacity utilisation and boost production.

Speaking at the Zimbabwe Revenue Authority (Zimra) tax payer appreciation day commemorations today in Harare, Chinamasa said the government was prioritising the revitalisation of all sectors of the economy to boost production and revive industries that ceased operation.

“As you all appreciate, the illegal economic sanctions have severely constrained the manufacturing sector especially in the textile and clothing sub-sectors,” he said.

Chinamasa said cheap imports were hurting the economy.

“We should not accept to be a warehouse of other countries when we have the capacity to produce our own, we cannot operate on the basis of being a warehouse,” he said.

He urged companies and individuals to continue paying tax for the development of the economy.

“Government is aware of the challenges Zimra is facing therefore we are ready to support them in the quest to improve infrastructure and facilities especially at border posts, in order to enhance convenience to the transacting public,” added Chinamasa.

Currently the government is focusing on reviewing fiscal legislation and policies to align them to the new constitution.

 

COMMENTS

WORDPRESS: 12
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    Is he smoking something? There are no sanctions, economic or otherwise, against the people or businesses of Zimbabwe. Please mister minister, can you explain exactly how the manufacturers of Zimbabwe are in any way effected by any official acts of any foreign countries? You will never fix the problem until you face the truth – for years Mugabe has cultivated a society of corruption and political repression which has driven the best minds and businesses out of the country. Until he creates a welcoming environment, the country will just limp along – never improving.

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    Godfrey C 7 years ago

    Chinamasa urges business and individuals to carry on paying tax so that they can buy and run their Mugabe given two SUVs while the povo suffers from perennial water shortages.

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    If the goal is to encourage local manufacturers to create more domestically, then why are funds being prioritized to be spent upgrading the infrastructure at border posts? Perhaps it could be that the Mugabe government doesn’t actually care about the jobs that domestic industries might create, because they will still struggle to pay their tax bills. However, importers whose goods pass through the border posts have no other choice but to pay their taxes on the spot if they want to sell their wares in Zimbabwe. So reading between the lines of the minister’s statements, it would appear that Zanu-Pf intends to signal left, but go right!

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    Nyepudzayi 7 years ago

    Dzoserayi vanhu minda yamakapera kutora nehamadzenyu, ndiko kuti zvifambe otherwise you are fighting a loosing battle . Chokwadi chinorwadza. .

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    Dzoromuvhu 7 years ago

    Crazy minister indeed, cheap imports of clothes and sanctions are opposite contradictiong statements. Textile industry “died” a natural death due to lack of cotton supply, and you know why? Companies and industries can’t operate without ZESA, you know where ZESA is! We hv billions for Nikuv but peniless for infrastracture dvpt. Yu ll be the worst Fin Minister in the History of Zimbabwe

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      munzwa 7 years ago

      and who is importing(cross boarder)the cheap clothing, perhaps the armed forces care to comment here.

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    Plain Truth 7 years ago

    Chinamasa is daydreaming. Zimbabwean industry will never be revived while Zanu-pf is still in power. Who do you think is going to invest in a country that is run by thieves who go about looting everything they come across. They started with farms, then mines now they want banks. They are driving Zimbabwe back to stone age era. Chinamasa never talk of revitalising the industry. You know nothing about commerce. You are in charge of the finance ministry when you can’t even manage your own finances. You have exhausted all the sources of revenue thats why you are turning to our borders. Wish you good luck.

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      TICHATONGA 7 years ago

      Revitalise economy good,what were you doing since 1980? You are now a grandfather and you still believe in lies that the country is failing to perform due to sanctions. Zanupf failure translate to sanctions, laziness creates stupid ideas that Zimbabwe is under economic sanctions.We have heard enough of these scapegoats please do something sensible and give the young generation to chart the way forward because they still have the future to see a better Zimbabwe.

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    munzwa 7 years ago

    yes he perverted the justice ministry and now onto our economy.

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    The Horse has already bolted, manufacturing is gone> Look East and that is where you will see manufacturing. Your policies have made Zimbabwe a consumer society for the Chinese rejects. Zing Zhong heaven.

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    Nhai varume, munoda kuti murume mukuru zuva ridoke asinavo cahaambotaura here? Musiyei ataure chero zvisina musoro.Ndanakidzwa nekushandisa materms hanzi capacity what what.Keep it simple ndosaka pasina chinobuda