IMPORT PRICES AFFECT LOCAL INDUSTRIES
Written by yafmnews on March 26, 2019
Canteen operators and fast foods businesses says an appeal made by Kango company to raise duty on imported gas stoves will impact negatively on their businesses.Kango has appealed to government to hike duty on competitors imported products whose prices are affecting their profits due to failure to compete on pricing. Operators who spoke to YA FM news revealed that this move will swallow their profits as they rely on purchasing affordable goods which gives reasonable income. Imported goods from neighboring countries have impacted negatively on home quality produced goods with Buy Zimbabwe lobbying for revival and support of local industries for the country’s sustainable economy.