Zimbabwe drops duties, licenses on importing basic goods

The Zimbabwe government has announced a cocktail of measures it says are meant to stabilise the exchange rate and macro economy.

One of those is, “In order to enhance the supply of basic goods to the public, all basic goods will no longer be subject to import licences, and will also come into the country free of import duties and taxes.”

This seems to be an indefinite open-ended policy.

For the consumer, this will come as a relief. Prices have been going up at an extraordinary rate even in the US dollar terms.

It will no doubt rile up the local industry who will now feel the pressure of goods coming from South Africa.

Even with inflationary pressures down south, a lot of basic goods are still cheaper there than in Zimbabwe.

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