Nation enters 2021 optimistic about growth herald.co.zw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from herald.co.zw Daily Mail and Mail on Sunday newspapers.
Editorial Comment – Fixing Production Fixes Everything Else
December 28, 2020
Many people misunderstand the purpose of the serious Government efforts to drive import substitution through growing more of the food we eat and making more of the goods we consume and think that the primary aim is to save foreign currency.
That is a useful, and highly desirable by-product; even self-sufficiency in food, while strategically more important, is still a by-product, although even more desirable.
But the primary goal of all development must be to create real new wealth through production, rather than consumption, and to ensure that this new wealth is fairly spread far enough to uplift many of our poorest families and poorest communities.
Zimbabwe: Editorial Comment - Fixing Production Fixes Everything Else allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
By Staff Reporter
THE Grain Millers Association of Zimbabwe (GMAZ) has assured local consumers of enough stocks of its products during the current festive period.
In a statement Friday, GMAZ Acting General Manager Garikai Chaunza said products manufactured by companies under the cereal producers’ group were readily available on the market.
“The Grain Millers Association of Zimbabwe (GMAZ) would like to inform the public that all our products which include mealie meal, rice, flour and salt are in stock throughout the country during this festive season.
“We want to thank the government through the Reserve Bank of Zimbabwe (RBZ) for affording us the opportunity to access foreign currency at the weekly Foreign Exchange Auction market, which we are using to import raw materials,” said Chaunza.
Friday, December 25, 2020 NewsdzeZimbabwe
THE price of a standard loaf of bread has risen by 13,8
percent this week to $82 from $72 and consumers feel the move is not justified.
Some retailers, who had already effected the latest price
adjustment on Wednesday, said they were caught off-guard by the latest increase
by suppliers.
While the country has recently been enjoying price
stability on the back of a stable exchange rate, consumers say the latest bread
price increase comes as a surprise.
Confederation of Zimbabwe Retailers (CZR) president, Mr
Denford Mutashu, also expressed shock but suggested that the move could be linked
to rising cost of production.