Ministry of Industry and Commerce has a mammoth task to spur the revival of the economy.  The immediate task is to ensure the coming back into the stream of the manufacturing sector to enhance production.

A crippling Rand flight from the Zimbabwean economy arising from distortions in the exchange rate regime, and growing political and economic uncertainty worsening the country risk index and low foreign direct investment and development aid inflows has made doing business in Zimbabwe using the South African Rand very expensive as opposed to doing business in US dollars.

Local manufacturers and retailers may flinch back from long-term trading terms, undoing efforts to free the economy from an enduring cash trap, after noting the revised payment date for Value Added Tax (VAT) has done little to reduce their exposure to cash-flow shocks.

Economists believe the reduction of transaction costs on the Zimbabwe Stock Exchange (ZSE) will stimulate demand for shares and encourage investment in the country.

Many countries especially developing nations concentrate on protecting domestic producers by encouraging the production of import substitutes and import competing goods. Such a development strategy is usually targeted to avoid competition from cheap foreign products.

The Republic of Zimbabwe is an independent country in Southern Africa, well endowed with mineral, agricultural and other resources which have created opportunities for the growth of resource-based industrial activities.