WHEN a country’s currency depreciates, the cost of commodities rises because the production or importation of goods becomes more expensive. This is not economics, but rather simple logic. For this reason, it only makes sense that when the currency appreciates on the foreign exchange market, the cost of commodities should drop. Any resistance to such market trends can be said to be an act of exploitation. In line with this, Shoprite Zambia says it has reduced prices of over 800 commodities as a pass-through effect of the Kwacha gain. Country general manager Charles Bota says the chain store has reduced prices on some local and imported commodities in all of its 41 stores across the country, adding that most of…...

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