Bond notes, coins remain legal tender — Minister
Retailers and wholesalers who refuse to accept bond notes and coins risk losing their trading licences, Finance and Economic Development Deputy Minister Clemence Chiduwa has said.
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Retailers and wholesalers who refuse to accept bond notes and coins risk losing their trading licences, Finance and Economic Development Deputy Minister Clemence Chiduwa has said.
Conmen are latching onto retailers by pretending to be officials of the Confederation of Zimbabwe Retailers (CZR) who can produce exemption letters to operate during the lockdown while other conmen are targeting foreigners unaware that all visas are extended for the period of the lockdown.
Some large retailers are reportedly abusing the privilege of being among the few essential service providers that were allowed to operate during the lockdown period, aimed at curtailing the spread of Covid-19, to wantonly increase prices of goods at a time the majority are incapacitated.
Confederation of Zimbabwe Retailers (CZR) president Denford Mutashu is embroiled in a $3000 debt wrangle with Nordship Investments who have instituted legal proceedings against him and his organisation, the Zim Morning Post has learnt.
Government has apologised for the current shortages of diesel on the market which it said had been caused by a “logistical” glitch.
Long-suffering Zimbabweans should brace themselves for more price hikes and shortages of basic goods, after stressed companies said that they were left with an average of about 10 days’ worth of supplies of raw materials used in the manufacturing of key products.
Confederation of Zimbabwe Retailers (CZR) president Denford Mutashu has urged businesses and retailers to take heed of President Emmerson Mnangagwa’s call to reduce prices.
In a development that bodes well for the festive season, retailers say they are now operating at near full capacity after a turbulent few weeks which saw panicking Zimbabweans besieging supermarkets for basic consumer goods.
A number of product lines that have become household names in Zimbabwe are being smuggled out of the country, thereby depriving the fiscus of millions of United States dollars.
The Consumer Council of Zimbabwe (CCZ) and the Confederation of Zimbabwe Retailers (CZR) have taken a swipe at retail outlets’ unorthodox ways of failing to display prices of products on shelves in a deliberate ploy to conceal price hikes.