GOVERNMENT AMMENDING THE COMPETION ACT TO PROTECT CONSUMERS
Written by yafmnews on June 5, 2019
Government says it is amending the Competition Act to empower the Competition and Tariffs Commission among other provisions to levy administration penalties on companies that violate competition laws.
Addressing the media in a post cabinet briefing Industry and commerce minister Mangaliso Ndlovu had this to say.
Finance and Economic Development Minister, Mthuli Ncube said monopolies are contributing to the price hikes.
Prices of basics were again reviewed upwards by most retailers with sugar now going for RTGS$9.99 from the previous RTGS$5.29 while the staple diet mealie meal 10kg is pegged RTGS$16.88 from last week’s RTGS$11.49, Mazoe orange juice now costs RTGS$21.00 up from RTGS$10.80 and MAQ washing powder 2kg now RTGS$39.99 from RTGS$22.
The Standards Association of Zimbabwe, SAZ says some exporters are incurring losses after products are rejected by foreign markets because of undesired quality.
SAZ Director General Dr Eve Gadzikwa said such losses can be avoided through testing quality standards before shipping to the target market.
The SAZ is the National Standards Body for Zimbabwe. Formed in 1957 the Association is a non-governmental and a non-profit organization whose mission is To facilitate the development and use of national standards in order to enhance Zimbabwe’s competitiveness and safeguard the welfare of communities.
Police in the Midlands have urged Farmers to put proper monitoring mechanisms in place to ensure that their livestock is safe amid an increase in the cases of stock theft in the country.
In a telephone interview with Great Dyke News, ZRP Midlands Spokesperson Inspector Joel Goko encouraged villagers not to leave cattle unattended in grazing lands as criminals are likely to take advantage.
Masvingo Beef Producers Association recently revealed that more than 300 cattle have been lost to cattle rustlers in the first five months of 2019.
In May a BIKITA man was arrested for stealing six cattle worth ZWL$5 000 from a cattle pen at a homestead in Chipinge and allegedly driving them to his rural home in Bikita about 80km away.