ECONOMIST Professor Lubinda Haabazoka says the projected revenue loss of $200 million as a result of the fuel tax waiver will be compensated by the surge in copper prices on the global market. Recently, government disclosed that the country would lose revenue close to $200 million as a result of the three-month tax waiver that has been imposed on fuel to mitigate the impact of the war in the Middle East on consumers and businesses. In a recent interview, Prof Haabazoka said the advantage of copper was that when oil prices rise, copper prices also increase. He added that as countries try to diversify away from fuel-powered motor vehicles, the demand for copper would grow. “I think that there are...
