Mmegi

CCA dispatches price monitoring teams after Pula decision

Under pressure: More businesses are hiking their prices in the wake of the Pula adjustment FILE PIC
Under pressure: More businesses are hiking their prices in the wake of the Pula adjustment FILE PIC

The Competition and Consumer Authority (CCA) says it has dispatched teams to monitor price movements around the country’s businesses, in the wake of increases linked to the recent adjustment of the Pula exchange rate framework.

Since government adjusted the Pula’s rate of crawl downwards and increased banks’ trading margins for foreign currency trade with the Bank of Botswana, several businesses have adjusted their prices by up to ten percent.

The moves are expected to be inflationary and add to consumers’ woes in a year in which the economy is under pressure and where government’s own finances are strained.

Editor's Comment
Warm relations must not come at the expense of fair trade

“I believe that free but fair trade isan absolute imperative”– John E. JamesFor two countries bound by geography, history and deep economic ties, periods of diplomatic strain serve neither side well. President Duma Boko’s efforts to restore momentum to relations with Pretoria deserve recognition, particularly at a time when Southern Africa faces shared challenges ranging from sluggish economic growth and unemployment to energy security...

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