New Subsidies For More Basic Goods

The government through the president announced its plans to introduce more subsidies for at least 7 more basic goods, Sunday News reports.

This was revealed by the president as he was addressing War Collaborators at a national conference in Harare. Said the President:

One of your grievances raised here was that of price increases. You already know what we have done by reversing the price of mealie-meal. We reversed it on Wednesday and we are going to gazette a Statutory Instrument by Monday (tomorrow) to reduce mealie-meal to $50. .

…In addition to that, we have also chosen about seven basic commodities which we are going to subsidise. These are basics used by a traditional family, and we want these basic foods to be cheaper. For example, if a product was selling for $20, you will buy at $12, then Government will pay the remaining $8 so that people can buy at a low price.

The basic goods to be subsidised will add to a basket of other subsidies like the ZUPCO transportation scheme that was introduced this year.

More: Sunday News


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