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TRADE MINISTRY TO SUMMON CHAIN STORE OWNERS FOR OVERPRICING COMMODITIES

Government says it will summon some chain store owners in the country on overpricing concerns of basic commodities.

Trade and Industry Minister, Mark Katsonga Phiri, made the remarks during an impromptu inspection of shops at Ginnery Corner in Blantyre on Tuesday.

Katsonga said the prices of goods in some shops are significantly unstable and that other items are overpriced, a development he said is injurious, particularly to the poor.

“Some basic goods such as soap, sugar and cooking oil have gone up by over 100 percent within a space of two months, how do these shops come up with their pricing?” wondered Katsonga.

He said Government will not tolerate unjustified price hikes, pointing out that perpetrators risk getting penalised.

During the inspection, the Minister visited shops like Sana, Shoprite, Chipiku and Game Stores.

Reported by Charles Pensulo, MBC Online Services.

MBCNewsLive

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