Zimbabwe is set to become an investment magnet in the next few years buoyed by the sweeping political and economic reforms that Government has embarked upon, a top Mauritian investor has said.
Government has begun a process of simplifying its tax system while the Zimbabwe Revenue Authority (Zimra) continues to roll out operational reform strategies aimed at enhancing voluntary compliance and increasing domestic resource mobilisation, Finance and Economic Development Minister, Professor Mthuli Ncube, said yesterday.
Government has announced a $400 million cost of living adjustment package for civil servants with effect from April 1, 2019 that will see the least-paid employee taking home over $600 as it moves to cushion its workers from the obtaining economic challenges.
Government has set a target of reducing its budget deficit to five percent of Gross Domestic Product (GDP) this year from 12 percent in 2018, riding on milestones achieved so far under its Transitionary Stabilisation Programme (TSP).
If we are to achieve Vision 2030 as a nation, our industrialisation strategy must be anchored on three key pillars, namely industrialisation, competitiveness and regional integration as we turn the country from an exporter of minerals and primary products to a key global net exporter of processed goods.