Govt Afraid Of Taking On ‘Cartels’

The government has shied away from confronting what it calls “cartels” responsible for wreaking havoc in the economy.

Instead of taking the cartels head-on, a senior official said that the government will instead, engage them.

Speaking to the media after a cabinet meeting on Tuesday in Harare, Industry and Commerce Minister Mangaliso Ndlovu said:

We have the Competition and Tariffs Commission, which is a body charged with making sure that competition is promoted in our economy.

By nature, cartels operate covertly which is why you will find that in the principles, we are coming up with proposals to have a leniency programme so that we can make use of players who are in the cartels to provide information.

Ordinarily, we might want to talk more about monopolies because cartels are very difficult to break or identify.

It is apparent that there is a network of companies, individuals colluding for especially price fixing and product supply.

When asked by journalists to name some of the cartels holding the country to ransom, Ndlovu said:

The whole idea is not to target people to say by investigating. The best approach is to come up with measures that promote competition, that break these monopolies, no one is being investigated specifically, we are looking at sectors.

More: New

Join WhatsApp & Telegram News Groups:

WhatsApp Group:

Telegram Group:

Back to top

Write a Comment

Your email address will not be published.

Share Full Post

Nyaradzo logo

RSS Recent Profiles Created