President Emmerson Mnangagwa has said that his administration will not introduce price control legislation as a measure against price increases. He however appealed to retailers to be considerate and desist from profiteering.
Said Mnangagwa:
I had a meeting yesterday with the Minister of Industry (Commerce and Enterprise Development) Dr Bimha (and directed him) to call the manufacturers, sellers and retailers and discuss with them. We don’t think it is good to go for legislation; we need to come to an understanding and have the people in these categories appreciate where we are coming from and where we want to go. They must have a human face. They mustn’t be profiteering because in some cases we find the same article is sold at this price in this shop, different from that shop. Why should the difference be 15-20 percent on one item? We have to interrogate those issues.
More: Chronicle
Brilliant ED
Yes ED is pro-business. He knows that businesses are out to make money without profiteering. A brilliant president indeed.
Is
My sensors are not detecting any traces of brilliance. It sounds more like basic common sense.