Clive Sande

[Clive Sande @clive_sande]

@Savheya_Happie Which one is more durable

[Clive Sande @clive_sande]

@kloudCoder @KgatlegoN @econetzimbabwe This happened to me today its scary

[willard shoko @WillarShoko]

Starlink 🇿🇼Zimbabwe

Aura Group patners with ZB Bank.

[Tinashe @baba_nyenyedzi]

Joining SACU can lead Zim to join the Rand Monetary Union, known as the Common Monetary Area.

This kills two birds with one stone, creating more jobs in Zim & a stable currency- killing off hyperinflation.

Please retweet so the argument can reach policy makers in both SA & Zim

[Clive Sande @clive_sande]

@BusisaMoyo Good run he did well

[Clive Sande @clive_sande]

@Shadaya_Knight Accepting Rands like ku Byo as change for now makes more sense

[Clive Sande @clive_sande]

@MisterFa1980 @bbmhlanga @CBZHoldings CBZ Borrowdale was down couldn't withdraw

[Clive Sande @clive_sande]

@muradbaseer @KingJay Thank you ambassador

[Clive Sande @clive_sande]

@PeteVowles 103 Restaurant Zim Traditional meals

[Tinashe @baba_nyenyedzi]

MEASURES TO PROTECT VALUE CHAIN INTEGRITY AND
TRANSPARENCY AND TO COUNTER UNFAIR COMPETITION BY
INFORMAL TRADERS

Sadly, what I thought was merely moral suasion has turned out to be legalized rationing of goods in the economy.

In an effort to force the use of ZWL in the market, since retailers must accept ZWL and informal traders are strictly USD, treasury through Zimra has come up with a raft of measures.

Ministry of Industry must push back hard on what treasury is trying to implement, inter alia;
(i) Only registered wholesalers can buy from manufacturers. No one else can buy from manufacturers not even retailers.
(ii) Only retailers can buy from wholesalers.
(iii) Informal traders can only buy from wholesaler and not from manufacturer
(iv) Consequently individuals strictly can’t buy beyond US$1k a month from a wholesaler. And prohibited from buying from manufacturer.

The short sighted measures are not in congruent with world wide practices of the disruption of the distribution chains since the 1970’s. The minister is turning back the hands of time. Just in time management practices, online shopping and globalization is such that the manufacturer can sell directly to consumers through mostly online sales. Internationally that can be as much as 50% of goods, bypassing the entire distribution chain and consequently reducing the price to the final consumer. Vat is charged by the manufacturer.

Consumer prices have come down because the cost of storage for finished goods has reduced substantially over time. The manufacturer does not need to wait for the wholesaler to order, nor the wholesaler wait for the retailer. Thats why a tour of old manufacturing plants had hectares of space for finished goods warehousing. The product range was very limited. The cost of storage, bank financing was further borne by the consumer.

The liberalization of the market was such that a farmer or shop keeper in a remote part of Zimbabwe could bulk buy from the manufacturer. This direct demand from consumer reduced the storage/warehousing costs for the manufacturer, since, they need not wait for wholesaler to sell. This increases the stock turn. Therefore the manufacturer came up with extra merchandise and hues. They had more cash sells than credit.

This evolution happened around the world. Amazon and eBay are direct to customers platforms.

But direct to customers approach did not cannibalise the wholesaler. On the contrary, the wholesaler merged into a retailer of sort, because consumers demand variety and shop hop. Wholesalers naturally specialized in certain product lines or became competitive in pricing in particular product ranges. Typical of oligopoly competition.

Retailers were not worse off because they increased their margins on breaking bulk. Consumers buy a chocolate bar with 100% margin at a retailer and never at a wholesaler. That’s why retailers focus more on the aesthetic appearances of their shops than wholesalers. My favourite bread costs $4 a loaf. I’m enticed by the shopping experience and ambiance to buy. The same loaf at a wholesaler would never sell because my mindset at a wholesaler is fundamentally different.

The tuckshops in Zimbabwe serve a purpose- in many regards it’s Africa’s version of eBay and Amazon. They get product from manufacturer and break bulk to the bare minimum called tsaona. In turn they help manufacturer with cash cycle. Bank financing is expensive in Zimbabwe.

The result of the minister’s misstep is that goods will be rationed. A manufacturer cannot afford the storage costs and bank financing. So manufacturer will lean towards fast sellers and cut slow sellers. Depending on their financial position they may not even produce enough.

Consequently, this is a bonanza for informal traders that will import goods and fill in the gap of shortages from the manufacturer.

[kidd hunta @KiddHunta]

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[kidd hunta @KiddHunta]

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[kidd hunta @KiddHunta]

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[kidd hunta @KiddHunta]

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[kidd hunta @KiddHunta]

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[kidd hunta @KiddHunta]

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[Clive Sande @clive_sande]

@FabrizioRomano Hes not good enough

[Trevor Ncube @TrevorNcube]

The @PoliceZimbabwe say they want to arrest @pmkwananzi. This is unbelievable desperation
👇🏿