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According to Treasury, the manufacturing sector will be subdued at a 2,5% growth rate this year, from 2,6% last year. Treasury projects the sector to rebound by 3,7% in 2024.
We are afraid to say, lip service is getting us nowhere. Government needs to immediately act and bring back sanity to our retail sector.
No government grows the economy; the economy is grown by industrialists and those that are in commerce and business.
On Monday, Industry and Commerce minister Sithembiso Nyoni accused informal retailers of creating a shadow economy and not paying taxes.
