Articles tagged 'prices'

Prohibitive input prices will ruin Zim prospects 4 November 2018 HARARE - The recent wave of price increases that has been sweeping across the country has not spared the country's agricultural sector, without doubt the mainstay of the Zimbabwean economy. Prices of farming inputs — especially those for seed and fertiliser — virtually shot through the ceiling...
Ncube probes cooking oil shortages 4 November 2018 HARARE - Finance minister Mthuli Ncube has commenced touring manufacturing firms, starting with a visit to Surface Wilmer, the largest cooking oil manufacturer in Zimbabwe. Surface Wilmar (Pvt) Ltd, situated in Chitungwiza and its consumer products include Puredrop cooking oil, Excella rice an...
Kaseke warns steep prices may drive tourists away 2 November 2018 HARARE - Zimbabwe Tourism Authority (ZTA) chief executive officer Karikoga Kaseke has read the riot act to tourism sector players after they sharply increased their prices in a move that risks driving customers away. Kaseke — who had a fierce run-in with the management of a local hotel last we...
Ncube fails to douse the fire 7 October 2018 HARARE - Jittery Zimbabweans say Finance minister Mthuli Ncube's humiliating back pedalling on Friday — on his much-criticised two cents per transacted dollar tax — was “too little, too late” because the country is now facing “a full blown economic crisis”. They told the Daily News on Sunday y...
CRISIS: Bond note plunges, fuel shortages emerge, prices skyrocket 6 October 2018 HARARE - The bond note yesterday crashed to 1:250 against the United States Dollar — sparking panic among ordinary Zimbabweans who have been raging all week over government's controversial two cents per dollar tax on electronic transactions — which triggered price increases and shortages of goods...
Balooning prices dampen Xmas 23 December 2017 HARARE - Thousands of ordinary Zimbabweans who had anticipated having a decent festive season — on the back of promising policies by President Emmerson Mnangagwa's government — risk enduring a bleak Christmas as retailers have hiked prices of foodstuffs. This comes as Mnangagwa's government th...
Zim business confidence down 20 December 2017 HARARE - Business confidence in Zimbabwe was at an all-time low in the third quarter as a result of political uncertainty, poor economic performance, policy confusion and a general lack of leadership, a Confederation of Zimbabwe Industries latest survey shows. The composite business confidence...
Profiteering culture must stop, now 19 December 2017 HARARE - Hard-pressed Zimbabweans have once again been hit by a wave of massive price increases. According to a snap survey by this paper, prices of basic commodities — rice, chicken and beef, among many other needs — have gone haywire, rising by between two and 125 percent within a month. ...
Zim has expensive fuel in the region 9 July 2017 HARARE - Zimbabwe's fuel is the most expensive in southern Africa despite government introducing its controversial mandatory blending policy which forces fuel companies to mix unleaded petrol with ethanol as part of reducing the import bill. In a paper on the prices of fuel, the Zimbabwe Energ...
Fears of hoarding as price increases loom 16 June 2017 HARARE – The looming increases in the prices of certain basic commodities due to a government directive to millers and manufacturers to add nutrients in their production is seen fuelling hoarding and creating a black market for the basics. This comes as large-scale millers of mealie-meal and f...
Govt, millers must agree on food fortification 16 June 2017 HARARE – Reports that the proposed fortification of basic foods will trigger an estimated 10 percent increase in the price of bread and maize meal — at least according to millers — are enough to shock any right thinking Zimbabwean, as the majority among the country's over 13 million people are al...
Stop punishing the consumer 26 January 2017 HARARE - Recent price hikes on basic food commodities and fuel are not only diabolic but also unjustified on the hard-pressed consumer. A month-long survey by this paper revealed that profiteering mentality still exists among most retailers in the country as it seems it is only in Zimbabwe whe...
Ordinary citizens lose faith in Mugabe 5 June 2016 HARARE - As food prices rise further beyond reach amid cash shortages, struggling Zimbabweans are losing belief in their president and his promise of a brighter future. The country has been hit by persistent cash shortages — but its leaders tell the people that adversity will make them stronge...
Tobacco prices slump 15pc 12 April 2014 HARARE - Tocacco prices have slumped 15,13 percent to average $3,18 per kg this season compared to around $3,75 last year. This comes as Zimbabwe has auctioned tobacco worth $203,7 million since the opening of the 2014 selling season mid-February. The figure, according to statistics from To...