Recent minutes of Harare City Council’s Informal Sector Committee show that the local authority collected $794 789 from January 1, 2017 to May 28, 2017 from vendors operating from its markets and is now proposing an increase in tariffs from $1,25 to $3 per day.
If the proposal to raise tariffs to $3 is approved, Harare City Council will make $3 million per month. Part of the minutes read:
The revenue collection for the period January 1, 2017 to May 28, 2017, amounted to $794 789 against a market potential of $2 522 535 for five months period. The 20 percent markets retention fund amounted to $158 957, 80 during the period. The current $1,25 per day market has resulted in Council operating on a $1 852, 30 loss per month and the proposed $3 per day market tariff increase will result in council realising $3 009,94 surplus per month. That council approves the upward review of market tariff from $1,25 per day to $3 per day for the temporary weekend flea markets operating along Park Street and Rezende Street in the Central Business District respectively. The increase in tariff will enable Council to breakdown and improve cash inflows.