Shops should lose licences for increasing prices: CZI

Confederation of Zimbabwe Retailers president Mr Denford Mutashu said they have approached Government and requested that licences of retailers who were overpricing should be revoked.

Said Mutashu:

Presently, we are going around noting the names of retailers charging speculative prices, and we have forwarded their names to Government and the Financial Intelligence Unit of the RBZ. Though we are engaging, we have only sent names of those retailers we felt were not complying. We went to Manicaland, Masvingo, Midlands, Mashonaland Central and Mashonaland East, and many retailers were complying. We do not have arresting powers ourselves, but we are working with Government. We are considering drastic action, including even withdrawing their licences. As a nation, we need to get to a stage where we call a spade a spade.

More: Sunday News

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