Categories: Stories

Maridadi says a Chinese company is making a killing in Zimbabwe -importing dishes for only two cents and selling them for $6

When these quilting kits come into Zimbabwe, what they declare at the border is $0.40. A local company which is manufacturing blankets cannot compete with a company that is importing a quilting kit for $0.40 and sell a blanket because they can even sell it for $3 and still make a profit. Actually, this material here, when it is being imported into Zimbabwe must declare $2.93 per metre at the border but this whole set is declaring $0.40 at the border. That is the level of prejudice to this Government.

This Chinese Company would not able to do this if they are not protected by senior people in Government. The document that I have here Madam Speaker will tell you what has been imported into this country. The Chinese Company I am talking about here is called Yufan Import and Export Trade Company. It  does not have a bank account. I wonder how they are then able to pay for these things in China if they do not go through the Reserve Bank of Zimbabwe because they must essentially go through the Reserve Bank of Zimbabwe. They must submit an application to the RBZ and say we need so much to be able to import these items into the country but I do not know how they do it because they do not go through the Reserve Bank of Zimbabwe.

HON DEPUTY SPEAKER: Order Hon. Holder. Can we have order in the House? – [AN HON. MEMBER: Akadhakwa.] –

HON. HOLDER: I am sorry, I was speaking a little bit louder but I was just trying to highlight that what Hon. Maridadi is saying has something to do with the Bill which is on Order Number 1 which they shot down. The Hon. Member who said I am drunk, did he buy me beer?

THE HON. DEPUTY SPEAKER: Order! It is only that I heard your voice and you are not supposed to speak when another Hon. Member is debating.

HON. MARIDADI: They do not have a bank account and what it means is that they do not pay corporate tax. When I went to buy these items, they have three different sets of tariffs. They do not allow to swipe. If you are buying using bond notes, this dish here costs $16. If you are using US dollars you pay about $12. They will tell you that if you are buying more than one, they do not want bond notes, they want US dollars and I have documentary evidence to that.

Madam Speaker, if you look at the extent of prejudice – I was calculating here – a 40 foot container paid ZIMRA $4 000 when in actual fact it should have paid $49 970. I am talking of one container. This item that I have here which is called a Bill of Entry talks about twenty 40 foot containers that have come into Zimbabwe and they have only paid about $80 when in actual fact if you calculate $49 000 by 20, it is about a million. With this kind of attitude, we are not able to go anywhere. But let me bring it home.

Continued next page

(671 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

This post was last modified on March 17, 2017 7:00 pm

Page: 1 2 3 4 5

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024

Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex

The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…

April 25, 2024