FORMER commerce, trade and industry minister Bob Sichinga says citizens will only see a reduction in commodity prices when the Kwacha appreciation remains stable for about a year. Sichinga says businesses and manufacturers have no confidence that the Kwacha appreciation will be sustained over a long period of time. On Tuesday, Commerce, Trade and Industry Minister Chipoka Mulenga called on businesses to review their pricing structures due to the continued appreciation of the Kwacha. Commenting on the matter in an interview, Thursday, Sichinga said a price reduction of commodities could only happen when costs associated with production came down. “As a principle, you expect that when an economy is doing well and you have a currency that is appreciating, prices...
