Zimbabwean President Emmerson Mnangagwa has issued a stern warning to “economic saboteurs” who have been wantonly hiking prices of basic goods in the past three months.

To address the challenge, the president Wednesday set up an ad hoc committee chaired by Vice President Constantino Chiwenga to deal with the arbitrary price hikes.

He said the days of these unscrupulous business people were numbered.

The country has witnessed a spate of sharp price increases of most basic goods with government blaming this on speculation and profiteering by wholesalers and retailers who in turn attribute the price hikes to shortage of foreign currency in the country.

“The Politburo discussed the issue of rampant price increases in the country and has identified various strategies to curtail this phenomenon.

“During the discussion, the First Secretary and President Mnangagwa warned economic saboteurs that their days are numbered.

“The party is aware of those that want to cause confusion and inflict economic pain on our people,” ZANU-PF spokesperson Simon Khaya Moyo was quoted as saying by the state-run Herald newspaper on Thursday.

Moyo said the government would deal with the issue of the three-tier pricing system where consumers are charged three prices for the same commodity depending on the mode of payment which ranges from the United States dollar, bond notes and plastic money. Enditem


Please enter your comment!
Please enter your name here