3-tier pricing regime continues

Price distortions have continued to dominate in the market with business players establishing a multiple pricing system that has affected the consumer’s buying power.

Investigations carried by the ZBC News crew in Harare today revealed that various forms of payment that have been created by the government to bring convenience to business transactions have presented an opportunity for business players to come up with different price regime per product.

Consumers are being charged varying percentages for mobile and electronic transactions.

Interviewed consumers said the price distortions were affecting their buying power, thus creating uncertainty of products availability.

Business players, Mr Samson Nanhanga and Shepherd Chengeta cried foul over the prevailing environment describing it as not viable and unsustainable.

The situation obtaining on the ground is a recipe for more business closure and an urgent solution is required to bring order and sanity in the price regime.