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Punish errent retailers, Government told





Confederation of Zimbabwe Retailers president Denford Mutashu has pleaded with Government to  punish retailers who continue to hoard cash and illegally trade in foreign currency.

According to Mutashu,  there  are still pockets of errant operators who need to be reined in.

 "It is unfortunate that we continue to witness market indiscipline yet when such retailers open businesses in other countries . . . they follow the law to letter.

" The Government of Zimbabwe has done its job to create a good business environment and retailers should not be seen to be taking advantage of a situation where business wants to self regulate," he said as quoted by the state media.

Reserve Bank Of Zimbabwe  Governor Dr John Mangudya said they were working on reining in errant traders in line with provisions of the Bank Use and Promotion Act.

"Our teams are working on the issues of indiscipline being perpetuated by some traders. We have since established a hotline for the public to report to the Reserve Bank instances of such malpractices for a reward of 5 percent of reported and recovered funds."

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Chuka (Webby) Aniemeka
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

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