BANK ACCOUNTS OR NO LICENCES : GOVT TELLS RETAILERS

The government is getting tough with retailers who will now be compelled to open a bank account and have a point-of-sale (PoS) machine as part of their licensing requirements. Newsday reports that Information minister Jenfan Muswere yesterday said government was putting in place measures to combat the use of unofficial exchange rates and the proliferation of smuggled and counterfeit goods. “