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Mining sector GDP input low

GOVERNMENT is concerned about the mining industry’s low contribution to the gross domestic product (GDP) despite being a critical player in the country’s economy.

It is for this reason that Government wants to see that the sector increases its contribution from around 12 percent of the GDP, the total value of goods produced and services provided in a country during one year, to about 40 percent.

Speaking at the Africa Chief Executive Officers (CEO) Forum yesterday, Minister of Finance Margaret Mwanakatwe said Government is keen on encouraging value addition to the mining industry because it is a strong business, thereby proposing to reduce company income tax from 35 percent to 15 percent.

Source: Daily Mail

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