Staff Reporter
Retailers have assured citizens regarding the availability of basic commodities in the wake of economic transition and the introduction of the Zimbabwe Gold (ZiG).
Concerns regarding the availability of basic commodities have surfaced, with citizens engaging in panic buying amidst speculations of a looming shortage.
Recent reports from the Confederation of Zimbabwe Retailers (CZR) shed light on the reassuring reality that retailers have adequate stocks, dispelling notions of scarcity or panic buying.
CZR President Denford Matashu said, “The market is adequately stocked. CZR analysis reports from rural and urban areas show that we are fully stocked. There is no sign of panic buying that have been observed. We remain prepared to discharge our mandate of providing goods to members of the public.”
Similarly, the President of the Confederation of Zimbabwe Industries, Kurai Matsheza, wrote on X that "we have not faced obstacles hindering the production of essential goods. Manufacturers are actively engaged in ensuring the continuous supply of goods to retailers in the market. Any potential challenges might lie elsewhere, such as with retailers, rather than within the manufacturing sector.”
Economist Getrude Chuma said that Government was aware of the presence of unscrupulous individuals seeking to exploit the situation for personal gain.
“These actors may engage in activities aimed at artificially creating shortages in the market, potentially to undermine confidence in the new currency. Such practices not only disrupt economic stability but also erode trust in the broader financial system. However, this assurance from CZR should make people stop this panic buying,” said Chuma.
Chuma added that while panic buying was common during periods of economic adjustment, CZR's findings underscore the broader picture of market stability and availability.
Despite isolated incidents of panic buying and the presence of opportunistic individuals, retailers have upheld their responsibility to maintain ample supplies of basic commodities.
