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*Leather Sector Operations Being Crippled By Price Instability - Report* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?pp Leather manufacturers have lamented that their operations are now crippled by the price instability ravaging the country, the Chronicle reports. This was revealed by the Tanners Footwear and Leather Goods Manufacturers Association of Zimbabwe (TAFLAZ) deputy chairperson, Mr Stuart Simali who said: > In this inflationary environment it’s so difficult to operate especially for us as manufacturers. When retailers come and order finished products from us, they pay us maybe in 15 or 30 days after. > When inflation rises, they can easily increase their prices because they already have the stock in their shelves, but I have sold the shoes already and how do I change my price thereafter. > As an industry we are hard hit because we supply in bulk, once the shoes are gone they are gone there is no way I can go to the retailers and say can I change the price now that the price of everything have changed. So, that’s eating on our working capital, it is eating on our planning. I don’t know how the Government can stop the currency instability so that as an industry we can play our part October inflation soared to 38.75% according to Zimstats. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- More: The Chronicle _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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