The North-Western Chamber of Commerce and Industry has commended government for revising the mineral royalty tax from 20 percent to nine percent.
Chamber President Josephine Makondo said the move taken reiterates government’s commitment to creating an enabling environment for investment in the country.
Mrs Makondo said the revised mineral royalty tax is one of the best economic policy actions that will pave way for normal operations to resume in the mining sector.
Mrs Makondo was speaking in an interview with ZANIS in Solwezi yesterday.
She said the uncertainty in the revised mineral royalty tax and prevailing low copper prices on the world market not only threatened jobs in the mining sector but the economy in mining towns as a spill over to other businesses and supporting industries.
Mrs Makondo said the move taken by government will create a conducive environment that would ensure sustainability of thousands of jobs.
She called for continuous dialogue between government and investors before any major policy adjustments that would affect the economy are made.