Clothing retailer Edgars Stores had officially started to sell their products on social media platforms like WhatsApp and through their online store after obtaining relevant permissions from the government. H Metro reports.
This was revealed by Edgars chief marketing officer Rumbi Dzimba who said they are seeing a positive response in the online sales:
<blockquote>We officially kicked off selling through online platforms at the end of last week. There has been a positive response particularly on the WhatsApp platforms. However, the high cost of data and transaction fees are proving to be prohibitive for most customers.</blockquote>
Dzimba said their operations were greatly affected by the lockdown that was imposed on 2 January and they are hoping the government will reopen the retail sector soon:
<blockquote>Carousel has been producing PPE’s for corporates, mainly masks and work suits with a reduced number of employees as part of our measures to manage Covid-19. We anticipate the opening up of the retail side to allow us to resume full production</blockquote>
The government is expected to update the nation about the lockdown soon as the 30 days previously imposed hard lockdown comes to an end.
More: <a href="https://www.hmetro.co.zw/edgars-stores-kicks-off-whatsapp-and-online-selling/">H Metro</a>

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Edgars Stores Start Selling Their Products On WhatsApp

Edgars Stores has been fined $100 000 for failing to comply with Reserve Bank of Zimbabwe’s Section 11 of the Bank Use Promotions Act which seeks to stem money laundering.
Under the Act, the company was supposed to make disclosures or submit cash sales and deposits of each previous week business transactions.
Edgars Stores branch in Eastgate Mall in central Harare, which was represented by Mr Timoth Tinarwo, pleaded guilty to violating the regulation for over seven weeks before magistrate Mrs Loice Mukunyadzi.
Prosecutor Ms Mercy Ungandidii said the RBZ served Edgars with a disclosure order on July 20, as part of its drive to ensure that businesses were complying with the Bank Use Promotion Act, which requires daily banking of cash.
In a different but related case, Kingdom Paints was fined $4 800 for violating the same regulation after also pleading guilty.
Previously, a <a href="https://news.pindula.co.zw/2020/10/01/chinese-firm-violates-money-laundering-laws/" rel="noopener noreferrer" target="_blank">Chinese brick manufacturing firm, Silver Dragon</a>, was also penalised for violating same regulation after it allegedly failed or neglected to submit such returns from June 30 to September 1, 2020, to the RBZ.
More: <a href="https://www.herald.co.zw/edgars-fined-for-disobeying-rbz-order/" rel="noopener noreferrer" target="_blank">The Herald</a>

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