per customer to avoid incidents of hoarding, which has seen most shops run out of goods in recent weeks.
Power Sales is one of the leading retailers in Zimbabwe with more than 200 stores nationwide.
“There is no way we can survive in that economy if we do not make such decisions. Goods were running out fast and threatening production hence we had to intervene,” said the marketing official.
He also bemoaned the recent arrest of their senior officials, including their operations manager, Larry Mukombwe, who spent time behind bars recently as government swooped on businesses that defied an order to slash prices of goods marginally.
PEP and other South African companies operating in Zimbabwe have not been spared by the economic recession that has plagued the country for eight successive years.
Their woes worsened last month when several senior entrepreneurs were arrested in the country as they resisted a government order to cut the prices of their commodities by 50 percent in a move aimed at reining on inflation.
The resultant price cuts caused massive hoarding as well as looting that saw goods disappear from shelves, forcing companies to limit goods purchased per customer when available-CAJ News.
Post published in: Economy