Source: VISET
A survey conducted by VISET this morning Friday the 14th of October 2016 has revealed disturbing cash shortages in the country. This situation has forced most of our members to abandon their businesses to spend days looking for cash. The government must realize that, as vendors we rely mostly on imports and if we don’t have the cash to facilitate the importation of our wares we are inadvertently being pushed out of business by piecemeal economic interventions. This is the reason why we have for a long time called for the postponement of bond notes. We believe as an organization that the cash shortages we are facing at this juncture are a direct result of the government’s ill-informed plan to introduce bond notes in November. To exacerbate the situation, the use of plastic money has not in any way benefited the vending sector.
Most producers have not welcomed the idea doing a heavy bodily blow to the informal sector in general and the vending sector in particular.
Vendors have the potential to participate in the development of the economy, only when the government and all its agencies begin to treat the informal sector with the respect that it surely deserves. For that to happen however, the government must put in place polices that are both pro-business and pro-poor. We are the backbone of the economy as the informal sector and surely failing to access our money is a precipice for disaster to this already struggling economy.
Source: VISET