In a bid to save forex, government has been asked to consider banning importation of used motor vehicles which are over ten years old.
This has been proposed by the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) during the pre-budget consultation meeting currently underway in Blantyre.
According to MCCCI Chief Executive Officer (CEO) Chancellor Kaferapanjira believes that this will help in saving foreign currency.
Kaferapanjira argues that used cars with over 10 years old consume a lot of spare parts which are among the top 10 most imported products for the country.
Reacting on the proposal, Malawians have mixed reactions as some are in support while others are not.
According to one Victor Kamanga, MCCCI’s idea is good describing it as a shining example of clearing the rubble that steals the resources of the country.
But Sallomy Munthali had a different view as she said the best way is to start producing products that will help the country in generating forex.
Multiphalle Bundula Manda asked; “What have they proposed as means for generation of more Forex?”
Justin Chingota suggested that MCCCI should tell Malawi revenue Authority to reduce duty for new cars.
While Dickson Kenala said the best way is to cut presidential foreign travels according to him what MCCCI is proposing are just peanuts.
