Parliament demands changes to Zimbabwe's old steel law from 1942. The current rules hurt the country's steel business and make exports harder. Clemence Chiduwa leads the Parliamentary Portfolio Committee on Industry and Commerce. He says the outdated law treats steel products like raw minerals. All steel exports must go through the Minerals Marketing Corporation of Zimbabwe.
The system creates major problems for steel companies. Buyers from nearby countries like Mozambique and Malawi face long waits. The registration process takes more than one month. Mistakes happen often with export papers and permits. Many customers lose patience and cancel their orders.
Dinson Iron and Steel Company makes most of Zimbabwe's steel products. Parliament worries the company might fail like Zimbabwe Iron and Steel Company did years ago. Bad policies and neglect caused that company to collapse. Leaders want to prevent the same thing from happening again. The steel industry needs government support to survive.
Other industrial exports take about one week to process. Steel exports controlled by the corporation take more than one month. This delay puts Zimbabwe at a disadvantage against other steel producers. The Ministry of Industry and Commerce must act quickly to fix these problems.
Parliament wants several key changes to help the steel sector grow. The law should treat steel as an industrial product rather than a mineral. The corporation should lose its exclusive control over steel exports. These reforms would help Zimbabwe compete better with regional steel makers.
The system creates major problems for steel companies. Buyers from nearby countries like Mozambique and Malawi face long waits. The registration process takes more than one month. Mistakes happen often with export papers and permits. Many customers lose patience and cancel their orders.
Dinson Iron and Steel Company makes most of Zimbabwe's steel products. Parliament worries the company might fail like Zimbabwe Iron and Steel Company did years ago. Bad policies and neglect caused that company to collapse. Leaders want to prevent the same thing from happening again. The steel industry needs government support to survive.
Other industrial exports take about one week to process. Steel exports controlled by the corporation take more than one month. This delay puts Zimbabwe at a disadvantage against other steel producers. The Ministry of Industry and Commerce must act quickly to fix these problems.
Parliament wants several key changes to help the steel sector grow. The law should treat steel as an industrial product rather than a mineral. The corporation should lose its exclusive control over steel exports. These reforms would help Zimbabwe compete better with regional steel makers.
