President Emmerson Mnangagwa has urged businesses to desist from unwarranted price increases by taking advantage of global inflationary pressures.
Speaking while commissioning the US$20 million state-of-the-art Highland Park Shopping Mall in Harare on Wednesday, Mnangagwa said:
I wish to urge the business community to remain ethical in their conduct in the wake of emerging global inflationary pressures affecting our economic environment.
The unwarranted price increases we have witnessed from some manufacturers and retailers must stop.
The development of shopping malls such as Highland Park provides scope for increased production by our local manufacturing sector.
In this regard, I exhort the retail sector to strengthen its linkages with the productive sectors of our economy so that we promote a culture of manufacturing in Zimbabwe in order to ensure our consumers can buy locally produced goods.
The first phase of the Highland Park Shopping Mall will be occupied by 23 retail shops comprising South African retail giant, Pick n Pay and many other small and medium enterprises.
The project reportedly created employment for over 450 locals during the construction phase.
The President added that the project will contribute to Harare’s endeavour to attain smart city status. He said:
This particular project, which is along one of the development corridors designated by the City of Harare, will contribute to the city’s quest to attain smart city status.
It is undoubtedly a key initiative by the private sector, which complements Government efforts in increasing our stock of infrastructure as well as uplifting the standard of living for our populace, through increased employment opportunities.