HARARE - The government is in the process of reviewing the Mines and Minerals Bill, a cabinet minister has said. In a recent telephone interview, the Minister of Mines and Mining Development, Obert Mpofu, said the review sought to address issues of levies and taxes as well as indigenisation. (Pictured: Minister of Mines and Mining Development, Obert Mpofu)
Mpofu said regulations governing levy and tax fees would be relaxed so as to create an investor friendly environment. He added that the government would seek to safe-guard the interests of the current crop of investors.
It is important that we create a good business environment for our investors and, as we try to lure more investors, it is imperative that we protect the interest of both local and foreign businesspeople who have already invested in the sector.
Commenting on calls for indigenisation of the mining sector, Mpofu said the government had taken major strides in addressing the issue and reiterated that although they understood the importance of empowering Zimbabweans, it was also important that such a programme was undertaken carefully.
Over the years major strides have been made to empower ordinary Zimbabweans, but it should be noted that such programmes are done with due care so that there is an understanding between the mining giants and the state. Mpofu said the passing of the bill into law would be expected to address some of the legislative challenges facing the sector.
Post published in: Economy