Please Do Not Hoard, There Is No Need To Panic Buy: Retailers

The Confederation of Zimbabwe Retailers’ Association (CZR) has called on the public not to panic buy saying that there was no need to hoard commodities. There has been a panic ever since RBZ governor John Mangudya and Finance Minister Mthuli Ncube presented the mid-term monetary policy and fiscal measures on Monday. Said CZR president, Denford Mutashu,

There is panic in the market and unnecessarily so. We are actually urging the public not to buy more than what is necessary for their consumption because there is really no need…The issue of production remains the key focus and even if people panic and horde, we should, in a normal situation, be able to replenish stocks.

Confederation of Zimbabwe Industries president Sifelani Jabangwe said,

There is uncertainty regarding what policies will be announced and how these will affect the business environment…Manufacturers are unsure of how to price their products and there has also been lower allocation of foreign currency to industry. But the biggest problem is uncertainty.

More: NewsDay

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