President Emmerson Mnangagwa said that business increasing prices indiscriminately are being “inhumane, unethical, and unpatriotic”. Mnangagwa was commenting on recent price hikes in the country.
Said Mnangagwa during the Independence Day celebrations in Harare:
Government is alarmed by the recent wanton and indiscriminate increases of prices which has brought about untold suffering to the people. This conduct by stakeholders in business, industry and commerce is inhumane, unethical, and unpatriotic and goes against the grain of economic dialogue which the Second Republic has espoused. Government remains determined to restore the purchasing power of all workers.
Recently, the price of bread shot up from about RTGS$ 1.50 to $3.60. Other commodities have also had their prices go up. Schools have also increased prices for the second term. Motor Vehicle fuel remains inadequate to serve the needs of the country and recently went up in price too. The government has threatened that it could introduce price controls if the situation gets out of hand.
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Push the price of petrol up by 150% Mr President and fly around the world in a chartered private jet – what do you expect? The traders have to pay for your excesses somehow – or maybe you don’t understand BASIC economics. Your expenses should NEVER be greater than your earnings. You are bankrupting Zimbabwe … all by yourself.