Barclays boss takes government to task



Barclays Bank of Zimbabwe Limited managing director George Guvamatanga has said Government should be guided by factual data and statistics when crafting policies instead of relying on guesswork. Guvamatanga’s comments were in response to a recent Statutory Instrument (SI) that placed a ban on the importation of a wide-range of commodities, mostly basics. The SI has caused an outcry, especially among cross-border traders, who are now finding the going tough. Government has defended the SI as inspired by the need to protect local industries Guvamatanga wondered whether government had enough facts and data to support its decision. – FinGaz

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