Zimbabwe industrialists call on government to scrap new forex laws

The Confederation of Zimbabwe Industries , a group representing Zimbabwe’s largest companies, has called for the immediate suspension of a law introduced last week forcing businesses to peg prices of goods and services to the official exchange rate.

In justifying the new law, Reserve Bank of Zimbabwe governor John Mangudya said the regulation seeks to ensure that companies that get foreign currency from the official system do not divert it to the parallel market...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Source: News Formal (newsformal.com)

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LETTER: Arabs flourishing in IsraelIsrael’s new government includes a Palestinian Arab party
Source: BDliveSA - 🏆 12. / 63 Read more »

Sars reconsiders on new tax laws affecting disabled kids' parents | The CitizenLast week, Sars argued that school fees were not in the consequence of a disability but in the consequence of education. To encourage property ownership amongst black people, bond repayments must be tax deductible
Source: TheCitizen_News - 🏆 6. / 75 Read more »

World: Israel’s opposition declares new government, set to unseat NetanyahuJERUSALEM, June 3 (Reuters) - Israel's opposition leader moved closer to unseating Prime Minister Benjamin Netanyahu when he officially told the country's president that he has reached agreements with political allies to form a new government. Finally!! Bleddie warcriminal
Source: dailymaverick - 🏆 3. / 84 Read more »

Israel’s Yair Lapid moves closer to forming new governmentLapid, a former TV host and author, has yet to clinch a deal with his main partner, nationalist Naftali Bennett, who would serve as premier first under a proposed rotation between the two men Lope0615150884
Source: BDliveSA - 🏆 12. / 63 Read more »

Israel’s Yair Lapid moves closer to forming new governmentLapid, a former TV host and author, has yet to clinch a deal with his main partner, nationalist Naftali Bennett, who would serve as premier first under a proposed rotation between the two men Couple of months ago I came across a recommendation about Jacobsongreg93 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation
Source: BDliveSA - 🏆 12. / 63 Read more »

Errant councillors to be banned for two yearsPresident Cyril Ramaphosa has signed into law the Local Government: Municipal Structures Amendment Act 2021 which will bar councillors from standing as candidates for two years for breaching their Code of Conduct. Couple of months ago I came across a recommendation about Jacobsongreg93 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation About damn time Only two years? Their suspension periods with pay pending investigations are sometimes longer than this...
Source: IOL - 🏆 46. / 51 Read more »