The Consumer Council of Zimbabwe (CCZ) appealed for Government intervention in protecting consumers against firms charging foreign currency for goods and services at a time when the majority of people’s salaries are not pegged in hard currency.
CCZ Bulawayo regional manager, Mr Comfort Muchekeza, said most consumers do not have the required foreign currency and cannot be punished for that. Said Muchekeza:
It is sad that we have companies charging in US dollar yet the economy cannot sustain it. The major challenge is that consumers have no source of income in US dollars. Government should intervene because not only will consumers be affected but also the companies in a way are pushing themselves out of business as a small population can get easy access to diaspora remittance.
Muchekeza’s comments followed a decision by Delta Corporation Limited to sell its products in foreign currency. Delta has since made a u-turn on the pronouncement following a meeting with Acting President Chiwenga and the central bank.
Delta Corporation Limited is a Zimbabwe Stock Exchange listed integrated beverage company with a diverse portfolio of local and international brands in lager beer, traditional beer, Coca-Cola franchised sparkling and alternative non-alcoholic beverages. It has investments in associate companies whose activities are in cordials and... Read More About Delta Corporation