price hikes

President Emmerson Mnangagwa has criticised some members of the Indian business community for allegedly hoarding basic commodities, creating shortages and a cycle of speculation of goods in the real economy that he claims is fuelling…
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The general increase in rates and fees for a number of services that occurred over the last two months is the underlying cause of the spate of price hikes witnessed in the past few weeks.
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Zanu PF last week castigated businesses who unjustifiably hike prices and threatened to adopt price control mechanisms in a move which is not President Emmerson Mnangagwa’s desire.
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Zimbabwe Congress of Trade Unions (ZCTU) has noted with great concern the shocking massive price hikes that have affected almost every basic commodity, worsening the plight of the already struggling masses.
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Prices of basic commodities have been going up since last week and parents are struggling to buy necessities for their children who start school tomorrow.
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The ruling Zanu PF party has set up an ad-hoc committee led by Vice President General Constantino Chiwenga (retired) to deal with the thorny issue of skyrocketing prices.
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In spite of the softening rates on the parallel market, prices have shot through the roof in the past few weeks with most basic products now beyond the reach of many.
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