ED’s FOREX LIST A COMPLETE FAILURE

Business bodies this week condemned President Emmerson Mnangagwa’s list of alleged exchange control violators, saying it had many errors and undermined the country’s investment prospects.

ED’s FOREX LIST A COMPLETE FAILURE

The business organisations complained that they were not consulted before the list was published and are scurrying to engage the authorities over the contested disclosures, which they say had faulty legal premises and could cost affected companies business.

The disclosure of the alleged offenders is one of Mnangagwa’s earliest promises as a newly installed president last November, made to assuage an acute foreign currency crisis, dramatised by a two-year bank note shortage.

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