Price stability brings back festive cheer
Herald Reporters
The stability in prices of basic commodities in the past six months, as a direct result of the final steps in the Government’s stability programmes, will bring back the cheer to consumers this festive season as they can now plan on what to buy and when, and can even save up for larger expenditures.
Under the Second Republic, starting with tight budgeting and refusal to print any more money, continuing with effective monetary policy reforms, built on exports exceeding imports for the first time in decades, and using this underlying macro-economic stability to allow market forces to set a very stable exchange rate with speculators cut out of the system, the bugbears of hyperinflation and profiteering had finally been tamed.
CCZ bemoans price increases
BY TATIRA ZWINOIRA
The Consumer Council of Zimbabwe (CCZ) has bemoaned the steady increase in prices, saying the trend defies the economic environment in the country.
Rose Mpofu, the CCZ deputy director, said businesses must ensure that prices are realistic especially compared to what is obtaining in neighbouring countries.
“We appreciate very much all the information that we are getting about the stabilisation and also particularly the inflation which is going down, especially the month-on-month. However, we continue to realise that in fact prices are not really going down.
“In fact, sometimes prices are going up,” Mpofu said at the recent Zimbabwe National Chamber of Commerce (ZNCC) 6th Annual Business Review Conference held in Harare.
Paying for access in Zimbabwe
December 20, 2020 in Local, News
BY LINDA MUJURU
As Zimbabwe’s economy craters and salaries lose their value, everything including free basic services has a price.
Many residents have a story of a back-door, or “grease,” payment they made to obtain a licence plate, driver’s licence, passport or even to access public education.
These bribes help smooth transactions and speed up services that should have a minimal cost.
Although such payments aren’t new, they are increasing in frequency as two decades of political and economic turmoil continue to wipe out the country’s currency and decimate its financial system.
Paying for access in Zimbabwe
BY LINDA MUJURU
As Zimbabwe’s economy craters and salaries lose their value, everything including free basic services has a price.
Many residents have a story of a back-door, or “grease,” payment they made to obtain a licence plate, driver’s licence, passport or even to access public education.
These bribes help smooth transactions and speed up services that should have a minimal cost.
Although such payments aren’t new, they are increasing in frequency as two decades of political and economic turmoil continue to wipe out the country’s currency and decimate its financial system.
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Paying for access in Zimbabwe The Standard
BY LINDA MUJURU
As Zimbabwe’s economy craters and salaries lose their value, everything including free basic services has a price.
Many residents have a story of a back-door, or “grease,” payment they made to obtain a licence plate, driver’s licence, passport or even to access public education.
These bribes help smooth transactions and speed up services that should have a minimal cost.
Although such payments aren’t new, they are increasing in frequency as two decades of political and economic turmoil continue to wipe out the country’s currency and decimate its financial system.