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.
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