Look out for early signs of trou­ble

The Sunday Mail (Zimbabwe) - - COMMENT & FEEDBACK - Love­more, Harare sun­day­mail@zim­pa­pers.co.zw

EDI­TOR — The re­cent wave of com­mod­ity price hikes caught the na­tion un­awares, raising the ques­tion whether or not we are head­ing back to the hy­per­in­fla­tion­ary times of 2007-2008.

Flash­back 10 years. I re­mem­ber author­i­ties putting in place le­gal mea­sures to curb mal­prac­tices in commerce and to pro­tect the con­sumer.

The mea­sures ap­peared good on pa­per. Yet, that was the last time we heard of them. Per­haps I need to be schooled on this, but if a pol­icy or le­gal in­stru­ment is in­tro­duced, its pri­mary pur­pose is to remedy a par­tic­u­lar sit­u­a­tion. Surely, that should hap­pen as and when the threat of such a prob­lem re­cur­ring arises.

Fine. If that piece of law can­not and will not be ap­plied in to­day’s con­text, author­i­ties and busi­ness should agree on a frame­work to guide mar­ket prac­tices.

We all envy the free mar­ket, but checks and bal­ances are re­quired to deal with ex­cesses where ap­pro­pri­ate.

I, there­fore, sub­mit that a spe­cial panel com­pris­ing Gov­ern­ment of­fi­cials con­stantly en­gages busi­ness lead­ers and watches out for early signs of trou­ble.

The oc­ca­sional mis­chief on so­cial me­dia should also be dealt with, and this is where ICT Min­is­ter Cde Supa Mandi­wanzira (pic­tured right) comes in.

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