IMPORT PRICES AFFECT LOCAL INDUSTRIES

Written by 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.


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