By A Correspondent- Addressing villagers at Kondo Primary School in Chipinge on Monday, President Emmerson Mnangagwa said reduction in prices had been noticed in some shops, but some were still charging exorbitant prices.

He vowed that measures would be taken against businesses that over price consumers.

He said:

“If there are some business operators still charging exorbitant prices, just shun them and go for those who have reduced their prices.

We say no to overcharging. We are taking measures against those in that practice.

President Mnangagwa said the measures to be taken against the unscrupulous business operators would be tough.

He said some shop owners were reducing prices, while the US dollar exchange rate was declining on the black market.

“I am getting information that in some areas they are reducing prices in line with the reduction in the exchange rate,” he said.

Since we banned the use of multiple currency, the rate on the black market is coming down. It was around 13, but now some have pegged it at seven, others at eight, but it’s continuing to come down.”-StateMedia