By Nomthandazo Ndlovu,
The Confederation of Zimbabwe Retailers Association says although key players in the sector have complied with the current foreign currency exchange rate in their pricing, some are still manipulating the foreign currency exchange system through getting foreign currency from the forex auctions for black market gains.
CZR President Denford Mutashu revealed this in a telephone interview with Great Dyke News 24 reporter Nomthandazo Ndlovu,
Mutashu also encouraged all sectors to comply with the weekly exchange rates in a bid to tame the black market and unscrupulous pricing
The revelations by the CZR come amid reports that some major retailers throughout the country are still defying the government’s directive to use the official auction rate and continuing to peg prices using the black-market rate.
