THE National Competitiveness Commission (NCC) is currently engaging manufacturers and producers countrywide to establish pricing formulae , a strategy meant to arrest the current distortions on cost of goods and services.

Since the adoption of a mono currency recently, Zimbabwe has witnessed a two-tier pricing model for goods and services pegged in bond notes and electronic transactions, resulting in profiteering by some business people.

It has been gathered that the NCC has over the past weeks been engaging industry players, giving recommendations to Government and the private sector on the state of the pricing regimes.

The widespread consultation by the commission has seen some players in the industry adjusting their prices in line with cost of production.

Government says it is also working on strengthening the Competitions and Tariff Commission (CTC) by putting in strong measures that promote competition and stiffer penalties for companies that violate competition laws.

Minister of Industry and Commerce Mangaliso Ndlovu said the measures would ensure prices of goods and services are ‘realistic’.State media