By Own Correspondent| Tuckshop owners here have been left stranded following price increases by Harare’s Tuckshop Wholesalers.
The tuckshop owners attributed the development to the increase in the rates of the bond notes against the US dollars.
A box of Mac surf which yesterday (Thursday) was being sold between $28 to $32 was today pegged between $40 to $50.
Price increases ranging between 30 to 60 percent were also effected for commodities such as peanut butter, rice, washing soap, vaseline and drinks among others.
Daniel Chinyombe, 45, who runs a small business in Shamva said it was shocking that the prices had drastically increased within 2 days.
“If I buy a carton of rice at $24, then how much will I charge my customers? Looking at the situation right now, one may never be able to restock because the price increases are not sustainable,” he said.
Added a wholesaler who spoke on condition of anonymity.
“The challenge is that the rates are skyrocketing because there is a lot of bond notes on the market. Where we buy, they are now refusing to accept the bond notes because they do not trust it’s value,” he said.