Pindula
Register Login

"Difficult Christmas For Zimbabweans"

The rising cost of living, inflation hovering over 250 per cent as well as a weak local currency meant that arguably millions of Zimbabweans could not enjoy Christmas as much as they would have wanted.

A survey carried out by The Standard revealed that the majority of adult Zimbabweans would rather set aside the little saved during a difficult year for increased school fees, and high prices of uniforms and stationery.

Economic commentator Gift Mugano said this year’s festive season is a difficult one for the majority of Zimbabweans. Said Mugano:

The starting point to note is that 49% of people in Zimbabwe are living in extreme poverty.

When you are in extreme poverty, you are living on less than US$1 a day.

So it means that for that segment of the population it’s in a mess.

They don’t have enough resources to celebrate the festive season.

He also noted that the high tare of inflation coupled with almost stagnant salaries eroded disposable incomes. Said Mugano:

It means the prices are increasing at a faster rate. Employers cannot compensate their workers enough.

Aggregate and that average demand have been falling by an average of 33%.

This has an impact on income going to companies and they are also constrained to pay their employees.

So we are getting into Christmas, the festive season, without money.

So for parents who are struggling, it does not make sense to spend money on Christmas festivities or New Year celebrations and then get stuck in as far as payment of fees is concerned.

Meanwhile, the Confederation of Zimbabwe Retailers (CZR) president, Denford Mutashu said retailers had tried to cushion their customers. He said:

We have consistently lobbied and advocated for not only a friendlier policy environment but for business to price responsibly.

The stability enjoyed in the last quarter of the year is a direct result of government and business engagement which the association has been part of.

Share Article

Sponsored

12 Comments

Prime Discerner 1 month ago

We need solutions. its always like this every year


Nimrod 1 month ago

On the ground its worse and that 49% of poor people,l think is an under estimate. l survive on formal employment but the salary plus bonus didnt improve my Dec finances. couldnt even afford soecial food let alone clothes to make the children happy. Things are just bleak


very 1 month ago

sorry ☹️☹️☹️

Dzvamu 1 month ago

Statistics are half baked meal in zimbabwe. Its only us onthe ground who can give the real picture.


Machiavelli 1 month ago

The Standard and Trevor Ncube should watch out. Patriotic Bill in 2023

Dzvamu 1 month ago

Majority of workers earn rtgs. Go into a pick and pay supermarket. You then real this so called stability is not there at all. People are buying USDs using the little salaries of less than 100 000.even if you earn 150 000 its nothing


Machiavelli 1 month ago

maYuwesi munoadii?
Vanhu vatema mukapihwa saga rehupfu neZANU, mobata mbeva nemakonzo munorarama. Munozodei chimwe? Sauti munoshandisa hutyora, ndosaka takakupai Soda Zhemu

Lin chun wan 1 month ago

We earn peanuts that's the problem


TRS 4ed 1 month ago

ma price akaiswa MUNA October me PicknPay achiri iwayo asi ukashandisa bank rate for local currency to USD uchaona kuti for example 500g of cornflakes costs more than 5usd yet ukaenda kuma tuckshop it costs less than 2usd saka hapana chakambo gadziriswa na Mthuli kunze kwekungoti ngatigarei tadhurisa toita kunge zvadzikama ma Zimba akapusa hapana chaanoona


Sponsored

tanakastyle 1 month ago

oh ah now I cee the reason why there wer a lot of alcohol poachers


1 month ago

Its true even the national budget does to show seriousness. If the government budget $1 per person per day. The is no explicit reports on taxes collected .big guys avoiding taxes. Furthermore, there are no industries to tax. Fiscal policies


Machiavelli 1 month ago

This article is CCC propaganda. Professor Mthuli has said the economy is on the mend.

Shortage of electricity is being caused by increased demand by industry. So we can expect the economy to grow by 15% inc2023



Leave a comment


Recent News


News Categories



Feedback