Mnangagwa Speaks On Recent Price Hikes

President Emmerson Mnangagwa as spoken on the recent price hikes by some retailers.

Mnangagwa said that price increases are counter-economic practices. He said this while speaking at the 6th Buy Zimbabwe Annual Awards at a Harare hotel last night. Said Mnangagwa:

Government notes with concern the existence of a multi-tier pricing system and this cannot go unabated. We need to examine our modus operandi as captains of industry and commerce if we are ever going to move forward. There are some dealers, suppliers and business owners who are in the habit of increasing prices willy-nilly without proper justification, let me hasten to say my Government says no to such counter-economic practices. I urge our wholesalers and retailers, as we approach this festive season, to refrain from profiteering by charging unscrupulous prices and never to put measures that may derail our efforts for a quick turnaround of the economy. Government wants to protect the rights of the consumers and ensure that its citizenry is not short changed or duped by unscrupulous dealers. Our people need a decent festive season where they can make and enjoy their holidays.

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