Story by Lisa Masuku

GOVERNMENT is working on a raft of measures to address the current distortions on the prices of domestic goods and the exchange rate.

Prices of basic commodities have significantly increased over the last months,a situation which authorities attribute to speculative behaviour by traders.

To arrest the current volatility, government says it will soon announce a raft of measures that will curb market mischief, according to Finance, Economic Development, and Investment Promotion Minister Professor Mthuli Ncube .

“We have noticed that on the parallel market the currency has been weakening, obviously as government this is an issue of concern for us. We have a program to deal with this matter and make sure there is stability in the economy and our domestic currency has value. We are working on this as government. We will be announcing a package of policies to deal with the current volatility,” he said.

Government also says efforts will be made to promote the growth and committed use of the local currency in domestic transactions.