by Bruce Zvandasara

In the wake of indefinite amendment of Statutory Instrument (SI) 122 of 2017 earlier this week, South African Manufacturers have rushed to re-open warehouses in Musina in anticipation of a surging Zimbabwean market.

The development will allow companies and individuals with free funds to import specified basic commodities that are in short supply.

In the past few weeks, there was an unprecedented price hike of basic commodities, the public engaging in speculative behaviour, panic buying and hoarding. As a result, basic commodities were pushed beyond the reach of many consumers with some retailers taking advantage of the situation by selling basic commodities at exorbitant prices.

Various business persons have explained that the indefinite lifting of the import ban by the Government will benefit consumers who had been ripped off by local manufacturers and retailers.

A business management scholar at the University of Zimbabwe said that the Zimbabwean business community lacked foresight and discernment as the amendment of the SI 122 would affect them thoroughly.

The initiative will effectively reduce the price of basic commodities on the open market, a situation that will counter monopoly by certain retailers. Comparative advantage means lower-priced goods. Various retailers will participate by providing similar products to the market, resulting in abundance and variety for consumers to choose from.

Various voices have applauded Government for the development that will exonerate consumers who had been suffering the most in a monopolistic market.