Local News

Tuckshops running shadow economy: Nyoni

NewsDay Staff ·

Tuckshops running shadow economy: Nyoni

Industry and Commerce minister, Sithembiso Nyoni has accused informal retailers who exclusively transact in the United States dollar (USD) of creating a shadow economy at the expense of the public which earns in local currency.

On Monday, the minister toured wholesalers and tuck shops in downtown Harare and appeared surprised that all prices were pegged in the greenback.

Informal traders have often been accused of fuelling the black market.

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