We need an understanding with retailers and manufacturers to curb profiteering – President

Image result for mnangagwaPresident 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.

The President said:

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 sectors 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 product 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.

Read more: Chronicle

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