1) Revisions of the tariff structure on raw materials ‐ Specific
recommendations on exemptions have been made to be incorporated in
the 2012 National budget.
2) Porous Border Posts e.g. Beitbridge – It has been recommended that the
Ministry of Finance embarks on an internal re‐organization of ZIMRA.
3) Procurement policies ‐ There should be de‐centralization of
procurement procedures for organizations such as ZESA, NRZ and the
State Procurement Board in Bulawayo. Procurement regulations should
also be amended to favour local companies so that they are empowered.
4) Distressed firms under judicial management ‐ It was recommended that
judicial managers should not manage more than two companies so that
they can exert more efforts in resuscitating these companies.
5) Labour regulations‐a) Retrenchment ‐ The exercise is lengthy and the
procedures need to be revised. b) Wages arbitration ‐ There is need to
relate awards to productivity.
6) Ministry of Investment Promotion ‐ Through the Zimbabwe Investment
Authority, there is need to classify Bulawayo as a special zone so that
investors can enjoy the benefits that are related with such status.
7) Set‐up of a distressed fund of US40 million ‐ The task force will ensure
that there is transparency and fairness in the disbursement of this fund.
The task force will report to the Cabinet weekly on the progress.
Business Associations in Bulawayo will second one representative to the
Task force for further interactions, as the modalities of accessing these
funds are yet to be finalized. It is hoped that the disbursement will be
done outside the banking sector.
8) Decentralisation of banks ‐ The Ministry of Finance has been tasked to
work with banks so that available credit lines are allocated regionally
and their managers empowered to disburse the funds to their clients.
It remains to be seen if the measures being taken will serve to regenerate the city,
but there is a need for the macro economic context to improve for any other
measures to help. This means the broader issues around indigenization, national
transport systems and general access to affordable bank loans need to be dealt with,
as well as the centrally important issue of the revival of commercial agriculture.
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