Finance Minister Patrick Chinamasa says government made a mistake in allowing landless blacks to invade timber plantations in the east of the country at the height of the controversial land reform exercise 17 years ago and will now remove them in an effort to revive the once vibrant sector.
The Zimbabwe Stock Exchange this week slipped 1.73 percent to 136.97 points on back of losses recorded by Delta and Econet, while the mining index remained stable at 60.73 points.
Several Members of Parliament yesterday opposed the proposed National Competitiveness Commission Bill saying it was not necessary and only served to create jobs for the minister’s cronies.
More than a tenth of Zimbabwe’s current maize crop is under threat from a fall armyworm infestation that has affected at least seven countries in the southern African region, the United Nations’ Food and Agricultural Organisation has said.
The National Competitiveness Commission Bill faces Parliament rejection with members of Parliament saying the country has no resources to support the commission Industry and Commerce Minister Mike Bimha introduced the Bill for Second Reading in the National Assembly, but legislators described the new commission to be set up if the Bill is passed as ‘creating a fiefdom where the minister and his cronies will eat from’.
The Movement for Democratic Change has called on the government to address the grievances of striking doctors as it is the poor that are suffering because they cannot afford the services of private doctors.