The indiscipline obtaining among business operators has once again been brought to the fore amid revelations that most retail shops in Harare have stopped displaying prices of goods and services violating the country’s pricing regulations.
In a survey conducted by ZBC news this Tuesday revealed that large retail shops selling clothes, furniture and electricals have since removed price tags virtually on all their products in direct violation of the country’s pricing regulations which stipulate that prices should be clearly marked upon all items on sale.
Economist, Dr Prosper Chitambara appealed for the intervention of authorities to ensure the retailers comply with the law.
“The obtaining situation is as a direct result of the deteriorating financial system and calls upon the authorities to move in to bring sanity and save vulnerable consumers, ” he said .
On Friday, 27 September 2019 the government promulgated Statutory Instrument (SI) 212 of 2019 Exchange Control (Exclusive Use of Zimbabwe Dollar for Domestic Transactions) Regulations 2019 in terms of Section 2 of the Exchange Control Act [Chapter 22:05].
According to the regulations, failure to pay the prescribed fine will attract an extra ZWL$100 daily for each day of default.
The extra charge will run for 90 days before the accused is committed to civil imprisonment.
This means that it has become a civil offence to pay or receive payment in foreign currency.
The SI further expands the circumstances where such receiving or paying in foreign currency is unlawful.
It also says quoting, displaying, charging, soliciting for payment or receiving payment for goods, services, fees or commission in any other foreign currency is an offence.