How Zimbabwe can revive industry and end its cash crisis

The other proposals that I want to make had been emphasised on by Hon. Nduna.  If you move around town right now looking for the only business places that are ticking – If you go to Mahommed Mussa, I suspect they could be cashing in US$100 000 or more as turnover  per day.  However, the question is, is that money circulating in our banks?  If we bank US$100 000 cash from Mahommed Mussa alone, will there be a cash shortage in the banks.  Go to the Gulf Complex along Chinhoyi Street and the shops along all those streets around the Gulf Complex, all the shops are Chinese shops and there is a hive of business.  Definitely, all the money being circulated there is not being channelled to the banks.  If they were being channelled to the banks, would we still be having queues of people waiting for money outside banks?  I think those are some of the things that the Minister must try to consider and see if we can possibly mop up all the money from people who are not keeping money in the banks so that it is allowed to circulate.  Then of course the issue of targeting industries, incentivizing four working industries does not work.  Let us resuscitate those industries that have collapsed.  We do not need to put Government money, let us charge people at the border.  People are importing, put an import tax; that import tax then goes to the industries, the local industries.  I am sure that will definitely work if we try all those proposals. Those are the few things that I thought I could put on the table.

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