By A Correspondent

In a recent development, President Emmerson Mnangagwa’s administration has pledged to impose stricter penalties on businesses that engage in unjustified price hikes.

The government’s new stance is part of a broader crackdown on unfair trade practices that officials claim are exacerbating economic hardships for citizens.

On Tuesday, a government source revealed that the administration is preparing to enhance penalties for businesses found guilty of raising prices without proper justification.

“Government is set to increase penalties for businesses engaging in unjust price hikes and other unfair trade practices.”

This move signals a firm response to growing public discontent over the rising cost of goods and services, which many blame on unscrupulous business practices.

The government’s decision comes amid a backdrop of economic instability and inflation, which have placed significant strain on the average consumer.

By targeting businesses that inflate prices unjustly, the administration aims to stabilize the market and protect consumers from exploitative practices.

The proposed increase in penalties is expected to include both financial fines and other regulatory measures designed to deter businesses from engaging in such practices. The government’s stance highlights its commitment to enforcing economic regulations and maintaining market integrity.

As Zimbabwe navigates these economic challenges, the effectiveness of these measures will likely be scrutinized.

The administration’s aggressive approach reflects a broader strategy to address economic grievances and restore public confidence in market fairness.