By Dakarai Tembo

Robust economic reforms undertaken by Government are yielding positive dividends as evidenced by the stabilization of the country’s macro-economic environment, a cabinet minister has said during a post-Cabinet media briefing today.

Minister of Finance and Economic Development, Professor Mthuli Ncube, made the revelations during his presentation of a preliminary report on the 2019 Mid-Year Fiscal Policy Review. Prof Ncube added that a comprehensive report would be availed to the nation when he reviews the fiscal policy and makes a supplementary budget statement on 31 July 2019.

On energy affairs, Minister of Public Service, Labour and Social Welfare, Dr Sekai Nzenza advised that a total of 40 million litres of combined fuel product was being pumped into the country. She added that the Minister of Energy and Power Development, Advocate Fortune Chasi, was currently in South Africa for electricity supply negotiations with ESKOM.

In the meantime, a resolution has been made by Cabinet that an Inter-Ministerial Committee be set up and work closely with the Ministry of Energy and Power Development to curb the current challenges in the sector.

The developments come at a time when a delegation of 41 Chinese investors are in the country scouting for investment opportunities. The delegation is comprised of senior Chinese government officials as well as investors from 15 companies drawn from sectors such as energy, transport, communication and Information Communication Technology (ICT).