News / National
Fuel stations reject SA rand
20 Feb 2014 at 15:16hrs | Views
Some fuel stations are allegedly short-changing the public by refusing to accept the South African rand as a legal tender while those who accept are reportedly doing so at a lower rate.
The motoring public has raised concern over the way fuel service stations are cheating them.
The service stations are allegedly refusing to accept the South African rand as a legal tender despite the local economy being a multi-currency system.
Motorists said they feel short-changed as the only time the South African rand is accepted the exchange rate is much lower than the prevailing market value.
"They are to accept rands, they tell us to go and change the money into US dollars before we buy fuel," said one commuter omnibus driver.
A service station manager said they have since stopped accepting the rand, arguing its instability might make them incur losses.
In 2009, Zimbabwe introduced a multi-currency regime with the united states dollar, South African rand, British pound and the Botswana pula as legal tender.
Recently, monetary authorities also introduced the Australian dollar, the Euro, the Indian rupee, the Chinese yuan and the Japanese yen as legal tender.
The motoring public has raised concern over the way fuel service stations are cheating them.
The service stations are allegedly refusing to accept the South African rand as a legal tender despite the local economy being a multi-currency system.
Motorists said they feel short-changed as the only time the South African rand is accepted the exchange rate is much lower than the prevailing market value.
"They are to accept rands, they tell us to go and change the money into US dollars before we buy fuel," said one commuter omnibus driver.
A service station manager said they have since stopped accepting the rand, arguing its instability might make them incur losses.
In 2009, Zimbabwe introduced a multi-currency regime with the united states dollar, South African rand, British pound and the Botswana pula as legal tender.
Recently, monetary authorities also introduced the Australian dollar, the Euro, the Indian rupee, the Chinese yuan and the Japanese yen as legal tender.
Source - zbc
