Industry and Commerce Minister Mangaliso Ndlovu confirmed bakers had informed him of their intent to increase bread price to $2,20 with effect from today (Saturday) but he told them to hold on until they meet on Monday.
The bakeries called me during the day today (yesterday) to advise me of the development. l told them to hold on until we meet on Monday, that is my position. I want to believe they will adhere to the position l communicated to them. I do not know how they are going to proceed.
The bakers said the increase in bread price was necessitated by constant rise in input costs.