Mnangagwa Blasts Local Manufacturers For Hoarding And Overpricing Goods.

Mnangagwa has expressed his displeasure with some local manufacturers whom he blamed for abusing laws meant to protect them from cheap imports by overcharging on the prices of goods creating artificial shortages through hoarding of goods. He said that government has to suspend statutory Instrument (SI) 122 due to unscrupulus practices by some manufacturers. He was speaking at the commissioning of a ProDairy milk processing plant in Ruwa. Mnangagwa had this to say

I was greatly disappointed three weeks ago when some of the manufacturers were now hoarding and not releasing products to the consumers. This is why I have now moved to remove SI 122 to allow, temporally, the inflow of some of these goods.

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Mnangagwa called for dialogue between the government and business in order to solve the challenges bedevilling the economy thereby avoid conflicts in the future. he said

If there is need to look at the cost drivers in your products, it should be done properly, have dialogue with the markets and everybody will sleep happy, no ambushes, the war finished in 1980. That’s when we had ambushes, no more ambushes.

More: Newsday


NewsDay is a Zimbabwean daily newspaper and online publication. It is a subsidiary of Alpha Media Holdings (AMH), an independent media house free from political ties or outside influence. AMH itself is partly owned by Zimbabwean entrepreneur Trevor Ncube. The online version of the went... Read More About NewsDay

Ruwa is a district in Mashonaland East Province. Read More About Ruwa

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2 comments on “Mnangagwa Blasts Local Manufacturers For Hoarding And Overpricing Goods.

  1. Saka, its their product, who are you kuvaudza maprice eketengesa zvinhu zvavo otherwise zviningoshaikwa mumashops macho toona kuti zvinozofamba sei

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Mnangagwa Blasts Local Manufacturers For Hoarding And Overpricing Goods.