Makaveli the Don

We have no one to blame but ourselves after deploying the same 
Tactics over and over like children playing mahumbwe. This country shall forever rot if we don't re engineer our intervetions

Anonymous

We keep employing same failing interventions over and over again like made man. We have no one to blame bit ourselves

Economy yedu inoda public consultation,not individual dictates,let's not think for the country and pretend others don't think

It never rains in Zimbabwe but it pours...

Officer#12

Mcpoo 

Voltaire 

So if those big and formal retail outlets close what kind nation will Zimbabwe be which is only full of tuckshops in the CBD. There is that interesting shopping experience which witnessed is shops like Pick n Pay which we don't experience in downtown tuckshops

theLastAntKing 

zig zig zig, its now zig-zag. As long as Zimbabwe is a consumer economy whereby we import even lesser things like cockroaches then it means zig will fail as it doesn't have a partner being EXPORTS. 
Less than 6 months after its introduction with our 3c economics, almost everyone predicted well that zig is a PROBLEM CHILD

comrade John ZiG

and I am still the strongest currency in Africa 

Consumer

I feel sorry for these formal shops its no longer a condusive bussiness environment in Zimbabwe because of Zanu mismanagement of economics. Its wise to just shut down and open tuckshops.

The mafia cartel is deliberately creating this situation so that these big companies shut down, then they take over and control this and all other business sectors in the country. 

Ed arikuti fuel should be paid in USD 
coz ane mashop anotengesa fuel

Ed is still playing command economics in ar

👀👀

kusvika xmas ma shelves anenge ave empty,mark my words,chingwa chaicho like Proton haichatounza chingwa,Bakers Inn ikada haiuye,taakutora Mr Chingwa ,chinoti chikarara hachichadyika mushe,chinonamira mkanwa,so pakaipa

Gafa 


President ED

Chibaba

Just remove the Zig and leave the US only 💵💵💵💵💵💵

zwg is a collapsed zig 

rest in peace to the zig zwg whatever its called , RIP  

🏋️🕺⛹️

the bulk of the civil service dumps its zig salary component at these so called giant retailers who then find it difficult to restock as manufacturers opt for Usd which is readily available from the informal retailers when they restock, one cannot blame them (manufacturers) really coz they need the Usd for purchasing raws, which they cannot get from banks, ginyanomics hadzishandi plus kapepa kamakaisa pa 10bond ndekekumãmã

Antman

Kudaro chete zvavarana by December tenge takuda new currency 

it doesnt float

the zig will sink to the depths of the zambezi if they try to float that sh!t zig. its like trying to make a rock float on water lol

Floating the exchange rate is the only answer but u know kuti ZiG haadiwe nevanhu pakaipa

apes

do you thin banning usd will help as long we don't have manufacturing industry local currency is doomed

NANO MBUTO

Will the gvt be able to imprt fuel if  it introduces local currency? Currently, motorists and other fuel users are importing fuel using own resources ,through the Direct Fuel Import facility DFI. Gvt is not expending its own resources  to import fuel ,save for its own use.

Banning the USD is the most **** move any fool may attempt to do

Sir African

Gift Mugano warned RBZ of imminent failure of the zig.Government must ban the use of the USD  and any USD  funds from abroad must be converted to local currency is we they want this economy  to survive  and stop  rent seeking by policy  makers.

but they do not have any choice,or else their licences are taken,to make matters worse,more than 50% of the pipo who buy in those big shops are those who use plastic money,so pari tricky

Patz

These Retailers should stop being yes-men to these croocked politicians. If they got broke  these politicians will not give a damn.

Corruptmore Looto 

FLOAT THE EXCHANGE RATE to stop this madness, don't they ever learn they did this with the useless bond now where is it. They should remember one thing, COMMAND ECONOMICS DON'T WORK AND THEY NEVER WILL 

Do tuckshops pay tax , Nssa , insurance , vat , cleaning  , licence ?????

don't comment if u a not aware of the going ons in the retail business. u a clearly showing yo  ignorance

Erudite 

I am sure you the internet expert who only thrives on taking the side of big business know what they are talking about 😂😂😂😂😂... Erudite out 

@erudite

Iwewe kana usiri murwere wepfungwa uri chipoko 

MS10

😂😂😂😂 is this a joke or what???...Who is in charge of this mickey mouse association called RAZ.. Someone should give their head a wobble and remind them that they are the epitome of crybaby syndrome..How does an association of the largest retailers  complain about a tuckshop which is paying five times more per square meter rent?Tuckshops do not have access to credit so buys all the goods for cash. Possibly they do not have a better system than what you have.They do not have access to the cheaper foreign currency that is available in the market, they have to go to source for it from the parallel market.
These comments are made by good for nothing Nepo babies that have infested managerial roles at retail outlets...Come up with innovative ways to navigate the choppy waters of the Zimbabwean business landscape instead of crying out for government for intervention... Seriously shape up or ship out... Erudite out 

I like when someone says ship out. Kkkkk how many people  are employed  by these big guys. Vofa havo nenzara????? 

Hayas 🥱🥱 pathetic reasoning chaiyo iyi. Tuckshops are not regulated by anyone and they exclusively sell in US which the manufacturers want, that's why some products are only now found in the informal circles. Floating the rate will solve this madness and also stop those engaged in arbitrage because letting the informal sector grow at the expense of formal sector is just foolishness, Noone can control or regulate it not to mention that it doesn't engage in CSR or anything like that 

Chicken 🐓

Raz haizivi zvainoda. Why don't they compete with those selling cheaply. Are they not getting supplies from the same producers. why are they selling at a higher price than others. Are they forced to hike the rate by policy makers or you are following the street guys who are inflating the rate. Dzokai pa$1  to 14ZiG 

Daddy T

How can u compete with someone whose exchange rate is not controlled by monetary authorization 

Tango

Tuckshops sell cheaply because they dnt pay taxes, vat, licence, and they dnt employ large workforce. Majority of tuckshops are run by individuals 

Tango 

You are spot one. So how gvt expect big retailers to complete with tuckshops?

pane nyaya dear ndepekuti ,,,its like inini now own two tuckshops,yepamba remember handibhadhare rent and magetsi ndinongoshandisa andobhadhara iwayo,ma fridges haadyi magetsi zvekudaro coz ndirikushandisa epamba,but ndakatoona musiyano we gain yacho neka mini shop kandakavhura kwaChikwanha coz karikuda rent,kubhadhara electricity,mushandi,mvura,,,but karikutengwa kupfuura kumba but pa gain patori ne difference,so ndoona kt maybe ndizvo zvimwr nevemabig shops,they have a whole lot to pay including those **** taxes 

Raz haizivi zvainoda. Why don't they compete with those selling cheaply. Are they not getting supplies from the same producers. why are they selling at a higher price than others. Are they forced to hike the rate by policy makers or you are following the street guys who are inflating the rate. Dzokai pa$1  to 14ZiG

HomeT4 

vatungamiriri vedu madununu chaiwo. Havadzidze and havafe vakaziva becoz vakagara vasingazive.  Ma dinosaur ngaasiye basa . Kopayiwo zvirikuyitwa nedzimwe  nyika. 

ini ndinohodha muMetro Peech,paMakoni or iri muna Seke road iyo,and zig ikoko ririkuhodha zvinodadisa,and vanhu vanoshandisa usa vaakuuya kuzotenga grocery muma tuckshops,

...,.

I always wonder how some of the retail giants are still open. I wish all consumers knew that most of the retailers will soon be not there if the policymakers do not look at the exchange rate issue. with the number and rate of big shops being subdivided in Harare, one wonders if anyone is worried at all nssa and zimra, being government arms, are silent, but I am sure they are feeling the closures and retrenchments. as consumers we should really be afraid of the uncontrolled tuckshops, some of which sells expired, underweight and fake products, as the big local manufacturers close.

Murevi weshuwa

shuwa Sunday super yaiita 40 zig muPnP..ndakanotemga hangu panze peDollar

jojo

These fools you call leaders are like ostriches as they hide their heads in sand and think they are safe. The countries surrounding Zimbabwe also import goods from all over the world, they manufacture very few items, mostly repacking but you dont hear them cry about exchange rate and black market. I have lived in those countries, I have seen how it is when a country is run by people with brains, NOT DANDA HEADED DINOSAURS. 

👽 Neo

Zimbabwe's retail landscape teeters on the precipice of collapse. The crippling exchange rate regime suffocates the industry, strangling hope, Zimbabwe's economic fate hangs in the balance. Will leaders choose reform or perpetuate the downward spiral?

A nation's economic demise begins with the erosion of its currency." - Neo glitching out 🛸

Zimbabwe’s largest retailers have warned the government that their businesses may face closure unless it addresses an exchange rate policy that is driving customers away from their stores.
Formal retailers are compelled to use an overvalued official exchange rate, making their products more expensive than those sold in unregulated tuckshops.
The Retailers Association of Zimbabwe (RAZ), which includes companies such as OK Zimbabwe, Pick n Pay, SPAR, and Edgars, said that the formal retail sector could collapse without government intervention and policy measures to protect it. They wrote:
<blockquote>
The situation is clearly untenable and will lead to company closures if authorities do not intervene with policy measures to protect the formal retail sector.
</blockquote>
The industry employs nearly 20,000 people and serves as a major revenue collection agent for the Zimbabwe Revenue Authority (ZIMRA), contributing significantly through key taxes such as Pay As You Earn (PAYE), Value Added Tax (VAT), Intermediated Money Transfer Tax (IMTT), various withholding taxes and corporate tax.
Retailers are obligated to use the official exchange rate, while suppliers operate with street rates. To mitigate their losses, supermarkets have been forced to raise prices to restock their inventory. RAZ said:
<blockquote>
In order to avert massive financial losses, formal retailers have had to take steep USD price increases to generate revenues at the WBWS Exchange Rate that would be commensurate with suppliers’ unit selling price into retail.
This inevitably leads to real USD inflation creep along with many other economic and social ills as consumers shun formal retailers in favour of informal channels.
</blockquote>
RAZ proposes two alternatives to bring back the stability of prices and trade in the formal sector.
The first proposal is a market-determined exchange rate, that is, the implementation of a pricing model that reflects real-time market exchange rate fluctuations which will help them remain competitive while managing costs.
The other proposal is discounted pricing. RAZ said this keeps the official exchange rate constant while formal retailers offer differentiated discounted pricing by product to reduce inflationary impacts in USD terms, incentivize purchases and stimulate demand. They said:
<blockquote>
RAZ can periodically compile market statistics to help Fiscal Authorities shape policy, as well as self-regulation on market wide acceptable exchange rates.
RAZ further proposes a review of the role of the Financial Intelligence Unit (FIU) to now evolve from monitoring and punishment to purely monitoring and advisory.
RAZ is available to share with the FIU, on either a monthly or quarterly basis, the exchange rate and inflation dynamics in the market for further policy refinement.
We need to establish a more cordial and productive relationship between FIU and formal retailers which has now deteriorated into policing and punishment status.
</blockquote>
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

Pindula News

Zimbabwe's big shops could close if government doesn't help them with money. Good shops must use expensive money rates while small shops use cheaper rates. This makes good shop stuff more pricey. Good shops want the government to help with new money rates and ideas to help them. If not, shops might close and many people will lose jobs. Good shops want to use cheaper rates or give discounts to keep prices fair. They also want to work with the government to make better rules to keep money fair for everyone.

In simple words, big stores in Zimbabwe are struggling because they have to sell things at high prices due to the official exchange rate. They want the government to help them with better rates or discounts to keep their business running.

Retail Giants In Zimbabwe Face Collapse Without Exchange Rate Reforms

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