Officials are talking about trying to restart factories in Bulawayo. The Finance Ministry, led by Minister Mthuli Ncube, mentioned targeted plans to re-industrialize the city. This came up during a budget meeting with local business leaders at the Rainbow Hotel.
Business reps at that meeting complained loudly about Chinese-owned shops. A representative named Mthokozisi Sibanda stated that these stores often do not give out fiscal receipts. He argued this means they are not paying proper taxes, giving them an unfair edge that pushes out local companies.
Minister Ncube warned against focusing on nationality. He said those business owners take risks in areas locals avoid. He acknowledged the concerns, however. Ncube directed treasury staff and an industry group to study how to revive shut-down plants in Bulawayo. The research will also explore creating a special economic zone there, with potential for cities like Gweru and Mutare later.
Business reps at that meeting complained loudly about Chinese-owned shops. A representative named Mthokozisi Sibanda stated that these stores often do not give out fiscal receipts. He argued this means they are not paying proper taxes, giving them an unfair edge that pushes out local companies.
Minister Ncube warned against focusing on nationality. He said those business owners take risks in areas locals avoid. He acknowledged the concerns, however. Ncube directed treasury staff and an industry group to study how to revive shut-down plants in Bulawayo. The research will also explore creating a special economic zone there, with potential for cities like Gweru and Mutare later.
