Banning second hand car imports not fully thought out

Banning second hand car imports not fully thought out
Published: 20 February 2018 (379 Views)
THE government, has for the second time in eight years, mooted the idea of banning second hand car imports, an idea that is not fully thought out and needs to be dropped in its infancy.

While this time the government says the importation of second hand cars will be phased out over a period of time, it is important to point out that this is tantamount to dealing with symptoms rather than the disease and its causes.

If the government is serious about saving foreign currency by stopping the importation of second hand vehicles, then the authorities should put their money where their mouths are and stop importing expensive vehicles, which are driven by ministers and legislators.

In that regard, the government should make it a policy that it only buys vehicles from local assemblers of cars and bars public officials from buying from other producers.

This way, the government would have supported the local industry in the biggest possible way, as the public sector is the biggest employer and single largest purchaser of vehicles.

However, we are not holding our breath, as the country's rulers have a penchant for expensive European and Japanese cars, which the rest of the country can only dream about.

Government authorities only seem to want to be the only ones who are able to afford cars, while the rest of the country has to look on in envy.

Secondly, it is important for the government to know that every Zimbabwean desires to drive a new car, but its is beyond their pockets.

Instead of rushing to ban imports, the government must ensure that there is cheap and readily available financing for new vehicles, which will make imports less appealing.

Interest rates on loans and financing for cars is exorbitant and without second hand cars, most Zimbabweans could never dream of driving nor owning vehicles.

Thus, Industry and Commerce minister Mike Bimha and his colleagues in government should not be preoccupied with banning imports, but ensuring that local products are available and affordable.

We saw it with Statutory 64 of 2016, which banned the importation of several products with local equivalents, which was supposed to protect Zimbabwean industries and make local products more affordable, but had disastrous consequences, which the government is too ashamed to admit.

Since the SI was put in place, prices of basics have soared and local industry's capacity utilisation has declined drastically.

The simple message is that protectionism does not work and the government needs to be more innovative if it is to grow the local car industry.

- newsday

Tags: Ban, Ex-JAp, Cars,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Mnangagwa dismisses Chamisa's irritating noise

by newzimbabwe | 14 December 2018 | 67 Views

Chiwenga endorses Mnangagwa for 2023

by Staff reporter | 14 December 2018 | 60 Views

Where is Mohadi?

by ZimLive | 14 December 2018 | 77 Views

Government to solve shortage of medicine

by Mandla Ndlovu | 14 December 2018 | 90 Views

Mnangagwa's 'arrest and release on bail' program exposed

by Mandla Ndlovu | 14 December 2018 | 91 Views

Mutodi speaks on $500 000 'bribe' report

by Mandla Ndlovu | 14 December 2018 | 103 Views

Lumumba undresses Fadzayi Mahere

by Mandla Ndlovu | 14 December 2018 | 125 Views

School uniforms demo set for 18 December

by Mandla Ndlovu | 14 December 2018 | 87 Views

VP Chiwenga pours cold water on Presidential ambitions

by Mandla Ndlovu | 14 December 2018 | 131 Views

Mutsvangwa snubs ZANU PF Conference?

by Mandla Ndlovu | 14 December 2018 | 152 Views

Chamisa will eventually accept position

by Simba Rushwaya | 14 December 2018 | 169 Views

Tendai Biti relives court horror

by Mandla Ndlovu | 14 December 2018 | 132 Views

Mnangagwa speaks on Chivayo saga

by Mandla Ndlovu | 14 December 2018 | 141 Views

Motlanthe Commission report to be made public next week

by Mandla Ndlovu | 14 December 2018 | 115 Views

US. launches 'Prosper Africa' initiative to counter China's influence

by Staff reporter | 14 December 2018 | 124 Views

Dzamara and Linda Masarira clash

by Mandla Ndlovu | 14 December 2018 | 126 Views

WATCH: Live ZANU PF Conference

by Mandla Ndlovu | 14 December 2018 | 123 Views

Mphoko's son to spend Christmas in jail

by newzimbabwe | 14 December 2018 | 124 Views

Wise is he who looks ahead

by Mapozho Saruchera | 14 December 2018 | 104 Views

Behind the walls of MDC-ZANU PF negotiations

by Mmatigari | 14 December 2018 | 162 Views

MDC tripping itself

by Bevan Musoko | 14 December 2018 | 111 Views

PHOTOS: Choppies workers demonstrate

by Mandla Ndlovu | 14 December 2018 | 105 Views

ZANU PF conference, a necessary event

by Peacemaker Zano | 14 December 2018 | 90 Views

Lest we forget, soccer legends told

by Stanley Chirimbani and Richard Zimunya | 14 December 2018 | 93 Views

Temba Mliswa attends ZANU PF Conference

by Mandla Ndlovu | 14 December 2018 | 102 Views

Buyanga wants Zimbabwe in United Nations Security Council

by Staff reporter | 14 December 2018 | 117 Views

Zanu-PF urged to focus on fixing economic challenges

by Staff reporter | 14 December 2018 | 113 Views

Patient steals from nurse

by Staff reporter | 14 December 2018 | 145 Views

Banking sector posts 77% profit jump

by Staff reporter | 14 December 2018 | 113 Views

Wicknell Chivayo 'overpaid' in $5million Gwanda project

by Staff reporter | 14 December 2018 | 108 Views

'Zifa machinations' - Gift Banda arrested for 'corruption'

by Staff reporter | 14 December 2018 | 109 Views

Mphoko's son trial postponed

by Staff reporter | 14 December 2018 | 120 Views

Police probe Nkulumane carjack and robbery

by Staff reporter | 14 December 2018 | 104 Views

Suicide man announces imminent death

by Staff reporter | 14 December 2018 | 119 Views

Woman's maintenance claim thrown out

by Staff reporter | 14 December 2018 | 98 Views