Govt warns traders against Rand pricing

Thursday, May 26, 2016

President Ian Khama has issued a stern warning against retail stores that price their goods alongside or using the South African Rand. Addressing the High Level Consultative Council (HLCC) this morning, he said that the practice is unfair on Batswana locals and that everybody should play a role in making sure that it does not continue.

“One of the Action items from the previous HLCC was for the Ministry of Investment Trade and Industry and Business Botswana to check on Traders and Retailers who were simply sticking the Pula price over the numerically identical Rand price.”

Khama said that the exchange rate between the two currencies fluctuated between 1.32 and 1.40 Rand to a Pula during recently and therefore the practice is not playing fair with Batswana consumers.

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