The Zimbabwe National Chamber of Commerce and the Zimbabwe Confederation of Industries have rejected a government proposal to establish a commission on wages and prices, saying such a bodyt would be a waste of public resources.
The business groups told the parliamentary committee on industry and trade this week that proposed authorizing legislation does not make clear how long the commission would be in place and how it would avoid duplicating the work of other bodies.
Parliament has not yet passed the National Incomes and Pricing Bill.
Chamber of Commerce economist Bothwell Deka told reporter Jonga Kandemiiri of VOA's Studio 7 for Zimbabwe that Harare should strengthen existing institutions instead of creating yet another agency to wage the fight against inflation.