Earlier this year, The Reserve Bank of Zimbabwe Governor John Mangudya announced that the Zanu-PF controlled government was set to put in place measures to stop curb the multi-tier pricing system (also known as 3 tier pricing) that is prevalent in doing transactions in the country. The Bill easily sailed through parliament and now awaits the Senate’s approval.
Multi-tier pricing system illegality stems from the fact that bond notes and electronic transfers are being devalued and the US dollar is being sold at a premium. Subsequently, this is creating instability and unpredictability in the day-to-day conduction of transactions in the economy.
Shockingly, latest reports from Mashonaland West have cited Zanu-PF’s use of multi-tier pricing system to aspiring councilors and membership updating.In light of this, government’s commitment to getting rid of the multi-tier pricing system is questionable.
Zanu-PF Mashonaland West aspiring councilors told NewsDay they were asked by party officials to pay an extra $10, while those seeking legislative posts paid $20 to accompany their $100 subscription fees. They also claim they were made to pay $3 for the new electronic membership card and another $60 subscription for the next five years.
In essence, Zanu-PF is being hypocritical as it is forbidding entrepreneurs and businesses to charge multiple prices when they are the ones who are affected more by the cash and foreign currency crisis.
Mashonaland is a region which covers the bigger proportion of mainland Zimbabwe. It houses the Harare metropolitan province, Mashonaland East, West and Central provinces. Read More About Mashonaland