"ED Didn't Want Price Controls But Businesses Are Forcing Our Hand" - ZANU PF

4 years agoMon, 02 Sep 2019 18:28:57 GMT

"ED Didn't Want Price Controls But Businesses Are Forcing Our Hand" - ZANU PF

ZANU PF national political commissar, Victor Matemadanda has said that the party was contemplating price controls as inflation soars higher.

Speaking at a campaign rally in Zaka East last Saturday ahead of a parliamentary by-election slated for September 21, Matemadanda said:

We said we are going to increase salaries for civil servants and shops are busy increasing prices. What is the logic behind those price hikes?

What it means is that businesses are fighting President Mnangagwa and his development initiatives. President Mnangagwa did not want price controls but these businesses are forcing our hand.

It is not because we can’t control the prices but it’s because we wanted the businesses to operate in a free environment which benefits them and the consumers. This has however been taken as a sign of weakness by these business people.

His remarks come as prices of commodities have been on the rise for a sustained period of time now.

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The business community has said that fuel prices, scarcity of foreign currency and the depreciation of the local currency among other issues have forced prices up.

More: Nehanda Radio