By Buhle Tshavango
President Emmerson Mnangagwa says there is no need to put in place legislation against the current price hikes as his government is working to stabilise the economy.
Speaking on the sidelines of the swearing-in ceremony of Vice President Constantino Chiwenga and Kembo Mohadi, President Mnangagwa said efforts were being made to ensure market prices return to normalcy.
“We are very concerned as the government about the rising of general prices on the market; I had a meeting yesterday with the Minister of Industry Dr Bimha to call both the manufacturers and retailers to discuss with them.
“We don’t think it is good to go for legislation against the prices,” he said.
President Mnangagwa said “we need to come to an understanding and have people in these categories appreciate where we are coming from, where we want to go and they must have a human face and mustn’t be profiteering, because in some cases you find the same item sold at this price in this shop and a different price in another shop.
“Why should the difference be 15-20% of one item, we need to interrogate such issues,” he said.
The onset of the festive season saw a sharp increase in most basic commodities, a development that President Mnangagwa in his State of the Nation Address said was dampening the progress achieved through the Statutory Instrument 64 which limits the importation of certain basic commodities that are locally available as the price hikes culminated in an influx of cheap imports.