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2021/2022 national budget: Opposition leaders differ, consumers optimistic


The 2021/2022 national budget as presented by the Minister of Finance Felix Mlusu on Friday, May 28, 2021, has attracted mixed reactions from pundits and politicians, with many though expressing optimism it is pro-poor and that it may positively change the nation’s economic fortunes in the short-term.
According to some analysts, the budget has delivered some Tonse Alliance campaign promises, with some calling it ‘a start of turning things around’.
Kapito: Budget implementation is key
John Kapito of Consumers Association of Malawi (CAMA) the budget favours the consumer in every aspect and that should it be well implemented, people’s lives may improve tremendously. ....

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CAMA warns of unscrupulous traders charging different prices at the till


Consumers Association of Malawi (CAMA) is warning Malawian consumers to be alert when they go shopping, saying some unscrupulous traders are charging different prices at the till than those displayed on shelves.
In a public notice issued on Thursday, May 6, CAMA says most traders have taken advantage of the current economic downturn coupled with the effects of CoVID-19, which have created scarcities and price increases on some goods and services.
“Most of the price increases are unjustifiable and pure theft with no better economic explanations and some are tampering with weights and contents of their packages,” said CAMA executive director, John Kapito in the statement. ....

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National Bank warns of tough times ahead over fuel Price hike


One of the country’s leading financial institutions, National Bank of Malawi (NBM) plc have warned that the effects of the recent fuel price increases will soon have a direct impact on people’s lives.
The Malawi Stock Exchange (MSE) listed bank in its April 2021 Economic Newsletter, however, says the inflationary pressure is expected to ease in the second quarter of 2021 largely due to the benefits of relatively low food prices in prospect of a good harvest this year.
Kapito: Poor Malawians are at the receiving end
“The Malawi kwacha depreciated by 4.6 percent against the dollar in the second half of 2020,” reads in part the bank’s newsletter. ....

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