OK Zimbabwe outlets have reduced prices of products as more
shops are warming up to the removal of the multi-currency regime.
A reduction in prices means the runaway month-on-month
inflation rate, which had become a common characteristic, will now be tamed and
consumers will have more disposable incomes and thus increasing aggregate
demand.
OK Zimbabwe is among the first major retail outlets to
issue statements announcing a downward price review following the removal of
the multi-currency regime last month.
“OK Zimbabwe is grateful for the support and patronage of
all our customers. Your support and patronage particularly in these difficult
times is specially appreciated. We are proud to be the leading Zimbabwean
retail and supermarket chain and we strive to ensure that you will continue to
get value from our stores.”
The supermarket assured shoppers of more stable prices following
the removal of the multi currency regime.
“The last month of June has been turbulent as we received
numerous price increases from our supplier base as they chased the exchange
rate movement. We welcome the new SI 142, which we believe will stabilise
prices and allow us to deliver the good prices and value you have always
expected and enjoyed from us,” read the statement.
The retail chain has reduced prices for goods such as Mazoe
orange crush (2l) which was reduced from $21 down to $16, Cerevita breakfast
cereal which was reduced from $13 to $9.
“We have always received good support from our supplier
partners. Accordingly, we have engaged them and some have started to moderate
prices in response to SI 142. We will continue this engagement to ensure that
we, together with them, deliver the values you have always enjoyed,” said OK.
Listed quick service business, Simbisa Brands, set the pace
by slashing prices of its major products by 20 percent in response to monetary
and fiscal consolidation measures being implemented by Government to stabilise
the economy. Chronicle
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