9.5 C
Alba Iulia
Monday, July 6, 2020

CCPC warn Millers Association as they back down on Price hike

Economy CCPC warn Millers Association as they back down on Price hike

mealie meal3
The Competition and Consumer Protection Commission (CCPC) has noted with concern Millers Association of Zambia (MAZ)’s continued behaviour of agreeing and subsequently announcing the prices of mealie meal.

In a statement, CCPC Spokesman Hanford Chaaba said this conduct violates Section 8 of the Competition and Consumer Protection Act no. 24 of 2010 which is clearly against the idea of concerted practices or decision by players.

Mr Chaaba said it has to be clearly understood by the Millers Association that talking about impending prices increments manipulates the market by triggering price increases and cause panic buying by consumers, hence creating artificial shortage of the commodity.

‘Such announcements by the Millers Association signals and creates anticipation which often is unnecessary and contrary to public interest. Already we have noticed that some retailers have started increasing the prices of mealie meal since the announcement from the association a couple of days ago,’ Mr Chaaba said.

Mr Chaaba said the Commission will not sit idle but will investigate this matter and where a case is found, punitive measures will be mated out to the Association and its members.

‘The Commission would like to take this opportunity therefore, to severely warn the Millers Association to desist from engaging into this conduct, and this should be the last time such unfortunate statements with regards to prices on maize are made,’ he said.

Meanwhile, the Millers Association of Zambia has suspended plans to increase the price of mealie meal by 15 Kwacha. Association President, Allan Sakala says this is to allow for a meeting with Agriculture Minister, Given Lubinda.

Mr Sakala says the decision was arrived at after a meeting held on Tuesday. He has since urged all millers to remain calm and has directed that no one should effect the new mealie-meal prices. Mr Sakala has further explained that the millers have proposed solutions that will bring down the price of mealie meal. He was speaking in an interview with TV 2 News in Lusaka on Wednesday.

On Tuesday, Chief Government Spokesperson, Chishimba Kambwili said government is NOT in favour of increased mealie meal prices.

[Read 86 times, 1 reads today]

7 COMMENTS

  1. next it will be ….artificial shortage of mealiea meal , and smuggle and export to other places where people who could offer more.

  2. Exactly the same thing applies to the exchange rate of the Kwacha!

    When you have stupid pronouncements by ignorant politicians that exchange controls will be implemented, we get panic buying and the Kwacha nosedives!

    So who is responsible for the weak Kwacha?

    The blame falls squarely on this buffoon Kwambili !

  3. On arrival from New York President Lungu ruled out re-introduction of foreign exchange controls, and the kwacha seems to have stabilised. Looks like the exchange is affected by yappings by politicians, and this does not exclude HH. So why single out Kambwili imwe ba UPND headless checkens? I know you will say that HH is not a cabinet minister, yes of course but HH is a political leader and also a businessman, what he says matters to the kwacha so tell him to watch his motor mouth too.

  4. Well done,but i would remind govt that USA is developed because of intelligent system ours is out dated employ educated and mayor people to be getting information from all sectors.it pains me you go to a bank u see foreigners changing kwacha to dollars they do it using bank managers. These wholeses u see make kwachas & changed to dollar and cash sent out.corruption will be controlled. Eg For traffic officers, employ intelligent traffic officers u will see officers will stop moving with shoprite plasticbags.

Comments are closed.

- Advertisement -
Loading...

Latest News

Zambia Center for Inter-Party Dialogue condemns UPND Cadres’s conduct in Monze

The Zambia Center for Inter-Party Dialogue has condemned the political intolerance exhibited by the UPND members and supporters in...

Lusambo Vows to Avenge President Lungu’s Treatment by UPND Cadres in Monze

Lusaka Province Minister and ruling Patriotic Front (PF) Copperbelt Province Mobilisation Chairperson Bowman Lusambo has said that PF members on the Copperbelt will make...

2021 Elections May be Devoid of Integrity and Credibility going by the behaviour of the Electoral Commission of Zambia

Zitukule Consortium is concerned that the 2021 general elections may be devoid of electoral integrity and credibility going by the behaviour of the Electoral...

Citizens are Entitled to Express Public Displeasure With the President

By: Anthony Bwalya - UPND Member As part of his ongoing countrywide political campaigns, paying zero regards to public health regulations in view of COVID19,...

Iconic Miseshi Stadium Facing Extinction

Uncertainty has surrounded the future of Kitwe’s Miseshi Stadium located in Mindolo as the private owner seeks to sell the land housing the sports...

More Articles In This Category

- Advertisement -
[Read 25 times, 1 reads today]