Opinion: The Impact Of A State Of Emergency On The Economy


By Blessings Kafwanka Our economy has gone through a lot of stress in the recent past. The cost of doing business has risen sharply in the last few years. This can be attributed to the removal of electricity and fuel subsidies. It can also be attributed to circumstances that are beyond the control of our government such as the fall in copper prices and the increase of fuel prices on the international market. This has increased the cost of production/service provision for many entrepreneurs and business houses. The Austerity measures that were put in place have also had a role to play in this. The changes in our tax regime i.e. changes in the PAYE bands, the introduction of the 15% excise duty on talk time, introduction of bands to our turnover tax system and many other changes have contributed to this problem.

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