25 December 2012

Zambia: Duo Prices Emerge in Business Houses

WITH a few days to go before the process of the rebasing of the currency begins, business houses in the country have started displaying duo pricing on their commodities.

Some of the notable business houses that had displayed the duo pricing were Airtel, Shoprite, Challenge Stationers Limited, Sandy's Creations and Vision Hire.

Shoprite in its latest catalogue dated December 13, 2012 to December 23, 2012 has displayed the duo pricing for all its products.

Vision Hire managing director Mukund Desai said they decided to display the duo pricing so that the customers could be familiar before January 1, 2013.

Mr Desai said the displaying of the duo pricing would reduce the work overload instead of waiting for January 1, 2013.

"We want our customers to be aware about the Kwacha rebased before January 1, 2013, it's also good for us as we have reduced on our work overload because if we wait for next year we shall have a lot of work to do," he said.

As for Airtel every time a user makes a phone call or sends a text message the balance is displayed in Kwacha rebased and Star Bakery Limited in Ndola had displayed the duo pricing on its latest products such as the Christmas Cakes but other products remained in the current Kwacha.

Challenge Stationers Limited had also displayed the duo pricing on its products but other business houses such as SGC Supermarkets had single pricing.

Bank of Zambia (BOZ) head of public relations Kanguya Mayondi on one of the Barclays Bank Radio Phoenix programmes said Sandy's Creations were among other business houses that had started to display the duo pricing.

Mr Mayondi commended Sandy's Creations for having been among the first business houses to begin the implementation process of displaying duo pricing.

Zambia's currency rebasing is expected to start on January 1, 2013 and the process of rebasing of the currency will change the amount but will not change the value.

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