President Emmerson Mnangagwa has said that it was now time to take action against errant business whom he accuses of increasing prices willy-nilly.
Speaking to rural councillors at the first edition of the Rural District Councilors (RDC) meeting in Harare on Thursday. the president said that the government is going to use it to stop the price hikes. He said:
Some retailers are changing prices almost overnight on the same stock. There should be nothing like that. We warned them for a long time and we are now in a position to act.
We are not going to watch and look at them doing what they are doing. We have the whip and government is going to use it to stop the price hikes.
He speaks when inflation in the country has for the past 24 months been going up with businesses citing a number of push factors including fuel prices, scarcity of inputs, scarcity of foreign currency, power cuts and fluctuating exchange rates which directly or indirectly increase the cost of production.
The soaring inflation has eroded salaries of workers sectors resulting in them, particularly health workers and teachers embarking on industrial action saying they are now incapacitated to execute their duties and responsibilities.
More: Zim Morning Post
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