By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TellZim NewsTellZim NewsTellZim News
  • Local
  • Politics
  • Business
  • Education
  • Entertainment
  • Sport
  • Mapombi Adonha
  • Find it in Masvingo
Search
More News
  • Local
  • Politics
  • Business
  • Education
  • Entertainment
  • Sport
  • Mapombi Adonha
  • Find it in Masvingo
© Copyright 2024 TellZim. All rights reserved
Reading: Our laws inhibit economic development – Mangudya
Share
Notification Show More
Font ResizerAa
TellZim NewsTellZim News
Font ResizerAa
  • Home
  • Elections & Governance
  • Service Delivery & Accountability
  • Women & Youth Empowerment
  • More
Search
  • Home
  • Elections & Governance
  • Service Delivery & Accountability
  • Women & Youth Empowerment
  • More
    • Human Rights
    • Climate Change & Environment
Follow US
© 2024 TellZim News. All Rights Reserved.
TellZim News > Blog > Uncategorized > Our laws inhibit economic development – Mangudya
Uncategorized

Our laws inhibit economic development – Mangudya

TellZimNews
Last updated: July 16, 2021 3:16 am
TellZimNews
Share
3 Min Read
John Mangudya
SHARE

Davison Marenga/
Patricia Makubaro

Zvishavane – Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya (pictured) said some of the laws implemented by government are hindering economic growth and blamed government for the current economic crisis in the country.
Addressing business people at the Great Dyke Business Forum at Pote Hills Lodge in Zvishavane recently, Dr Mangudya decried the implementation of the colonial laws in the new Zimbabwe as a major setback to notable economic growth and hastened to say the majority of the laws should be repealed in order to attract foreign investors.
“The problem is that we are using old instruments on a new situation, we inherited (Ian) Smith’s laws which were meant to stop blacks from making any notable development. Now that we are independent, these laws should be repealed because they were against us. We can’t be prisoners of our own laws, we need to change them so that we attract investors”, Dr Mangudya said.
He assured artisanal miners that the company’s gold trade will be decriminalised in order to improve sales to the RBZ.
“The criminalization of gold panning has led the country to lose tones of gold as ‘Makorokozas’ sell at black markets. We need to formalise artisanal mining in order to increase our production. To the miners I say don’t lose hope, even if you are arrested bring the gold to me,” Dr Mangudya said.
Zvishavane –Ngezi legislator John Holder also took a swipe at various organisations for putting in place contradicting laws which in turn affect business in various ways
“EMA, ZIMRA and Wildlife are a pain in the mining field, their laws contradict in many ways, and they need to come up with a universal law book so that miners can do their work without fear. The gold is going out of the country because the government is doing nothing to encourage artisanal miners to come with it in fact they are arrested if found in possession of gold without a license,” said Holder.news

You Might Also Like

All eyes on Masvingo derby as Una Una  takes on FC Wangu

Masvingo United stun FC Hunters, ending its unbeaten streak

Residents call for an independent board to deal with budget objection proposals

Masvingo city councilors sound alarm over Mucheke Rank stalemate

Toilet crisis hits Jerera Growth Point

TAGGED:BusinessCarouselHeadlinesPictures

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By TellZimNews
Follow:
TellZim News is the leading news organization in the Southern region. It provides candid, balanced and timely news from the communities. Keeping it real. Committed to tell Zimbabwe.
Previous Article Government declares war on civil servants
Next Article ‘Mugabe is blind to danger, deaf to advice’
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
- Advertisement -
Ad imageAd image

Latest News

Outcry as teacher collects pupils saliva during lesson
Service Delivery & Accountability July 19, 2025
Zanu PF member faces US$150K lawsuit over Sikhala book launch chaos
Elections & Governance July 19, 2025
Public Service Ministry holds retreat to boost mental health, gender awareness
Service Delivery & Accountability July 17, 2025
Teachers abandon classrooms, join night illegal mining in Fusira
Service Delivery & Accountability July 16, 2025
TellZim NewsTellZim News
Follow US
© 2024 TellZim News. All Rights Reserved.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?