Harare,(New Ziana) – The Confederation of Zimbabwe Retailers (CZR) has implored businesses to adopt pricing based on the official forex market.

In the last few months, most businesses pegged prices and charges on exchange rate movements on the parallel market, piling pressure on already hard pressed consumers.

CZR President Denford Mutashu said retailers need now to strictly base their pricing on the obtaining exchange rates on the official market..

“Prices should be pegged in both local and foreign currency with clear exchange rate boards displayed in each store,” he said.

He said the customer receipt should bear the currency in which the transaction had taken place.

“We have been made aware of some distortions currently happening in the market and it is critical that sector players adhere to the regulations set out by the Government.”

It is critical, Mutashu said, for the Government to address systems and software compatibility while availability of fiscalised machines remains a critical necessity.

“There is also a need to increase suppliers of fiscalised machines and the current number remains few while those supplying in some instances have failed to avail spare parts for the machines. There has also been a concern that the available fiscalised machines are also not compatible,” he said.

“It is critical that sector members continue to comply with regulations while we engage Government on the matter.”
New Ziana