HARARE - Controversial Harare businessman Wicknell Chivayo has made a generous donation to the Catholic Church's St Gerard's Parish in memory of his late mother. The donation includes a brand-new Toyota Hilux D4D vehicle, a home solar system, and US$100,000 in cash. The vehicle was purchased for US$40,000 from Exquisite Cars in the city. Chivayo's…
Car import restrictions hailed
Herald Reporter
THE Government’s decision to restrict the importation of vehicles more than 10 years old has the potential to see the accrual of huge economic benefits, players in the motor industry have said.
The Government, last week gazetted regulations that gave legal effect to the Government’s decision to restrict vehicles older than 10 years as a means to revive the once vibrant local car industry.
Such a ban on used cars is not unique to Zimbabwe as several other jurisdictions restrict such imports.
In South Africa for example, one can only import a second-hand vehicle after getting a permit and this is meant to protect the local motor vehicle manufacturing industry.