‘No More Crazy Price Hikes’ – Gvt Declares War On ‘UNFAIR’ Consumer Practices
Retailers and manufacturers who increase prices of goods and services without justification will pay hefty fines to the Government under a new consumer protection law that seeks to thwart unfair consumer practices.
Cabinet recently approved principles of the Consumer Protection Bill, which will be debated in parly soon.
The law criminalises the practice of retailers and manufacturers forcing consumers to buy extra goods in order to purchase a single item.
Not displaying prices on shop shelves will also become an offence.
Industry and Commerce Deputy Minister Mr Raji Modi told local paper Sunday Mail that Government would fast-track the law as it was long overdue.
“Everything is now in order. The Bill is ready and now awaits to go to Parliament. The Bill has been on hold for quite some time now; thus, Government is going to work with speed so that it becomes law.
“We want to create a law for consumer protection like most countries have done, a law that will give teeth to the Consumer Council (of Zimbabwe) to make sure there are no unfair business practices and unjustified price increases.”
Through the new law, it will become possible, Deputy Minister Modi said, to rein in businesses that profiteer at consumers’ expense.
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