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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
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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