Zimbabwe is on a journey. A marathon. Indeed, sometimes it feels more of a steeplechase. As although the journey has just begun, we have faced a multitude of challenges to overcome already. This was not unexpected. And as responsible economists, you must always prepare to tackle these obstacles.
The decision by the Government through the Ministry of Finance to put an end to the multi-currency system and de-dollarise under Statutory Instrument 142 of 2019, is a “welcome intervention”, FBC Holdings chief executive officer John Mushayavanhu has said.
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.
Zimbabwe is on a journey of reform. Nobody ever said it wouldn’t be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction.
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.