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Retailers Urge Govt, Private Sector To Review Salaries As Prices Soar

Retailers Urge Govt, Private Sector To Review Salaries As Prices Soar

The Confederation of Zimbabwe Retailers (CZR) has attributed the recent bread price increase to rising inflation, which jumped to 131.7% in May, from 96.4% recorded in April.

On Saturday, retailers hiked the price of bread to ZWL$640 or US$2.10 from ZWL$450.

CZR president Denford Mutashu said there is a need for both the public and private sectors to increase salaries as the majority of workers can no longer afford basic foodstuffs such as bread. Said Mutashu:

This has been caused by the unrelenting parallel market rate. It has caused pressure on the cost of doing business.

The general public is no longer affording the basic commodities.

There is now a need for the private and public sectors to raise salaries as workers cannot go into a supermarket and come out with a basket of all the basic commodities.

Progressive and Patriotic Citizens of Zimbabwe (PAPCOZ), a pressure group aligned with ZANU PF, urged the Government to intervene and stop the price hikes. It said:

The citizens and consumers of Zimbabwe under PAPCOZ note with grave concern the appalling and unjustified increase in commodity prices.

We shall also push for the seizure of licenses of those businesses that are found on the wrong side of the law.

Reports indicate that some bakeries are refusing to sell bread in Zimbabwe dollars due to a lack of confidence in the local currency.

During the GNU era, from 2009 to 2013, bread was retailing at less than US$1 while a substandard loaf of bread was being sold for just US$0.50.

More: The Standard

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8 Comments

FBI 3 weeks ago

Bush economics


mune munhu 3 weeks ago

Ho nhai


Observer 3 weeks ago

Increasing salaries is a cost to business which will force them to increase the cost of product's again. A vicious circle.


Machiavelli 3 weeks ago

I wholeheartedly agree with @Tio4. However let me hasten to add that dollarisation is/should be an interim measure to enable some modicum of stability. If Zimbabwe was to be compared with a motor vehicle, dollarisation would be akin to servicing a vehicle whose engine has a serious knock.

For a vehicle the long term solutions would be either to undertake an engine overhaul or better still get rid of the car and buy a new one. Fir Zimbabwe we need to overhaul the entire management team (which they tried in 2017 and the result was a failure as we have experienced since then). Therefore only one solution is left. Get a new vehicle. My sincere hope is that 2023 enables us as Zimbabwe to acquire that much needed vehicle.

ChiChovha chatiri kufamba nacho chaneta


Dr H 3 weeks ago

True

VYBZ KARTEL 3 weeks ago

No no no no we put in engine fortifier

Tio4 3 weeks ago

I agree with you @Machiavelli, we just need a new vehicle a change in the whole management kkkkk.

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Tio4 3 weeks ago

Even if salaries are increased, prices will increase its called wage-price spiral, at that rate we will be headed towards trillions in thr Gono era. The only thing to halt this is to dollarise or adopt the Rand simple. What Denford Mutashu is saying will not work its only adding fuel, its treating the symptoms. What also is being said by the pressure group ye Zpf iyo does not work how can gvt seize licences when ma driving factors for prices aripo, zesa increased tarrifs, the zim dollar is falling pa exchange rate, price of oil has gone up, the world price of wheat has gone up and one says musakwidze ma prices the only logical thing to do will be to close the business coz businesses cant operate at a loss simple.



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