By Own Correspondent| Retailers here have called on the public to stop panic buying saying that there was no need to hoard commodities.

The Confederation of Zimbabwe Retailers’ Association (CZR) President Denford Mutashu urged consumers to buy what they can consume and desist from hording.

There has been a panic ever since RBZ governor John Mangudya and Finance Minister Mthuli Ncube presented the mid-term monetary policy and fiscal measures on Monday.

hereConfederation of Zimbabwe Retailers’ Association (CZR)

Said Mutashu:

“There is panic in the market and unnecessarily so. We are actually urging the public not to buy more than what is necessary for their consumption because there is really no need…

The issue of production remains the key focus a4nd even if people panic and horde, we should, in a normal situation, be able to replenish stocks.”

Confederation of Zimbabwe Industries president Sifelani Jabangwe said:

“There is uncertainty regarding what policies will be announced and how these will affect the business environment…

Manufacturers are unsure of how to price their products and there has also been lower allocation of foreign currency to industry. But the biggest problem is uncertainty.”