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Price Increases Top Zanu-PF Politburo Agenda

6 years agoThu, 01 Feb 2018 02:30:14 GMT
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Price Increases Top Zanu-PF Politburo Agenda

Addressing journalists on the sidelines of the 316th Ordinary Session of the Politburo, Zanu-PF secretary for Information and Publicity Simon Khaya Moyo said Retired General Constantino Chiwenga presented on the increase of prices.

Moyo said that the issue topped Zanu-PF’s polititburo meeting held yesterday. Said Khaya Moyo:

The Vice President and Second Secretary, General Constantino Chiwenga (Retired), presented a report on the increase of prices. The report was extensively discussed, focusing on price stabilisation. The report reflected that multi-sector stakeholder engagement was undertaken with industry, civil society, Government and indeed other sections of the community. The report notes that fuel, as a cost driver across the board and its impact on the general populace, has to some extent been addressed and will continuously be monitored. We shall continuously monitor the situation hoping that we can further see some reductions when the economy improves. There have been some noticeable reductions of some basic commodities, but as the economy improves more reductions are expected. The issue of foreign currency shortages must be viewed as a business mandate and not just as a responsibility of Government. We don’t intend, of course, to tamper with market prices as this may cause unnecessary distortions in the economy.

More: Herald

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