New Zimbabwe.com

Ncube meets SMEs in bid to get business input on economy

By Audience Mutema

NEWLY appointed Finance Minister Mthuli Ncube on Thursday met some leaders of Small to Medium Enterprises (SME’s) as he continues to gauge the views of business amid growing discontentment over the way the country’s economy was going.

Information from the ministry said the minister met with 50 leaders from the sector on Thursday.

“Today (Thursday), the minister met with 50 leaders of SMEs from across the country to consult directly and understand their challenges and work together in crafting solutions as the minister paves the way forward in rebuilding a new Zimbabwe and achieving the vision of a middle income Zimbabwe by 2030,” read a statement from the Finance Ministry.

Among some of the groups that met the minister are the Zimbabwe Cross-Border Trade Association, SME Association Zimbabwe, Employers Council of Zimbabwe and Zimbabwe Informal Traders Association.

However, business and ordinary Zimbabweans alike have expressed disillusionment over government decision to introduce a 2% levy on all electronic transactions into an over-taxed economy.

The minister, through the control bank, introduced the extra fee in last week’s monetary policy statement that also downgraded current bank balances previous denominated in US dollars to Zimbabwean currency.