Minister of Industry and Commerce Mike Bimha, has told the local manufacturers to reduce prices to become more competitive. He told the industries to take advantage of Statutory Instrument 64 of 2016 to improve efficiency and boost competitiveness.
Speaking at the commissioning of Turnall Holding’s new Eco-sheet product in Bulawayo Bimha said:
We are saying to you as manufacturers, the Government is supporting you but you also need to play your part, you need to up your game, you need to improve on quality and distribution. You also have to bring your prices down by increasing your efficiency
Those companies that are benefiting from SI 64, we would want you during this temporary period to re-equip or retool, so that when competition comes, you will be producing enough of high quality. But to do so a number of companies require funding and we are saying those firms that benefited but require funding to re-tool please come to us. There is funding for those companies that benefited from SI 64. So, it’s entirely up to you to take up this offer.