What qualities these entrepreneurs have in common?



JAVIER MACEDO

President of the National Association of Supermarkets and Auto-service (ANSA) Javier Macedo, He is also president of the Central Madeirense supermarket chain.

The president of the National Association of Supermarkets and Auto-service (ANSA) Javier Macedo, said that a magnetic card would be launched on the market in two weeks. The card will work through the Maestro system. Companies may charge part of the wages of their employees to the card to encourage purchases in stores affiliated to the association. "The commission will be lower than the Cesta-ticket and facilitate administrative procedures. We are beginning with 50 companies and have already issued 10,000 cards"

At least five major supermarket chains "aren't buying beef because the price set by the government doesn't allow us any profit," said Javier Macedo, president of Venezuela's National Supermarket Association.

Macedo said private supermarkets would continue selling beef until their inventories run out, complying with the government-mandated price of 8,519 bolivars (US$3.36, euro 2.76) per kilogram.

Beef is still available at most supermarkets, but Venezuelans could begin to see shortages at some supermarkets within a week or two, Macedo said.

Officials say a number retailers in the country aren't complying with price controls that cover foods and medicines. If caught, they face fines by Venezuela's consumer protection agency, or Indecu.

Some street vendors, butcher shops and small grocery stores sell beef above the regulated price, depending on the quality and specific cuts offered.

"We've proposed to the government a change in the controlled prices," said Macedo, who is also president of the Central Madeirense supermarket chain.

Sources:

1.- www.conapri.org/investvenezuel - Published on: 10/28/2004   Last Visited: 11/2/2004

2.- During the III ANSA Forum 2004, Association President Javier Macedo said that basic goods consumption rose 11% year-on-year to September. El Universal / Cadena Global

3.- biz.yahoo.com/ap/050713/venezu - Published on: 7/16/2005   Last Visited: 7/16/2005

 



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