Tendai Matunhu

Retail giant, OK Zimbabwe has welcomed SI 142/19 introduced on 24 June to end use the multicurrency saying they believe the instrument will stabilise prices and allow them to deliver the good prices and value which customers expect from them.

In a press statement, OK highlighted that they have since engaged their suppliers and some had already started to moderate prices in response to the SI142.

“The last month of June has been turbulent as we received numerous price increases from our supplier base as they chased the exchange rate movement. We welcome the new SI142, which we believe will stabilise prices and allow us to deliver the good prices and value you have always expected and enjoyed from us,” reads part of the statement.

The statement continues: “We have always received good support from our supplier partners. Accordingly, we have engaged them and some have started to moderate prices in response to SI142. We will continue this engagement to ensure that we, together with them, deliver the value you have always enjoyed.”

OK further said that they appreciated and applauded the feedback they receive from their customers adding that they have a number of platforms available for easy access, communication and feedback.

“We would like to assure you that we will access, communication and feedback. We would like to assure you that we will continue with our relentless efforts to ensure that all our stores nationwide remain reasonably stocked,” reads the statement which was published in today’s press.

The fruits of SI142 have already started yielding positive results as evidenced by the reduction of prices of some basic commodities which include Mazowe Orange Crush which had reached a high of $26 being reduced to $16.95 in Bon Marchè.

At Spar Supermarkets, a 2litre bottle of cooking oil is now costing $14.99 from $27 and a 2kg pocket of rice reduced from $22 to $15.29.

OK Zimbabwe trades under three highly recognised brand names, OK stores, Bon Marchè stores and OK Mart.