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"We're Determined To Tackle This Wanton Abuse In The Marketplace" - Mnangagwa

President Emmerson Mnangagwa has said the government has had enough of diplomacy as a way of addressing the economic crisis and now is determined to “tackle this wanton abuse in the marketplace.”

His remarks come as prices of commodities are rising very fast reminding the public of the 2008 era when Zimbabwe registered record-high inflation of 231 million per cent, as per official statistics.

In his latest weekly Sunday Mail column, Mnangagwa says he is done talking. He said:

In respect of extortionate pricing, we have exhausted moral suasion as a way of causing sanity in the market.

Indiscipline in the market is now so entrenched and even obstinate that it is increasingly becoming a political challenge to the whole establishment.

It is Government which gets blamed; it is Government which must tackle this wanton abuse in the marketplace. We are determined to do just that.

When Finance Minister Mthuli Ncube was appointed in 2018, he was expected to introduce measures that would turn around the country’s fortunes. A cocktail of measures, including the austerity measures, has so far failed to achieve intended goals.

Analysts say Ncube’s failure is compelling Mnangagwa to resort to “what ZANU PF has always known; threats and price controls.”

Previously, the Robert Mugabe-led regime introduced price control measures and the Basic commodities (BARCOSI) initiative that was introduced by the former governor of the Reserve Bank of Zimbabwe (RBZ), Gideon Gono during the 2007-8 hyperinflation era.

In a similar fashion, the Mnangagwa-led government has subsidised mealie-meal and has also issued threats to the business community ordering them to reduce the prices of their commodities.

Businesses, however, say the cost of doing business is high and they are just responding to market forces.

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23 Comments

price 1 week ago

back to 2007


Bvaru bvaru 1 week ago

Mamoney changers ndeaniko vanotengesa mari rakacheka nyika vasingasungwi? Sure tingatarira divi panezvakadai zviri pachena. Chamashaya chii chaita kuti nyika yakazara mapurisa vanongosunga veopposition party chete vachisiya mbavha idzi. Varumeka! Ngatisatambai neupenyu hwevana tichidai. Dai Tongogara musina kuuraya henyu pamwe tingadai takasununguka. Ah ndarwadziwa.


Putin 🇷🇺 1 week ago

Tangai mbare ne ma tuckshop nana bakers ,nyika inovakwa nevene vayo 🇿🇼🇿🇼🇿🇼🇿🇼🇿🇼🇿🇼🇿🇼🇿🇼🇿🇼 hallelujah God bless you all


Tongoonai 1 week ago

Kana mutemo wakaiswa Kare kuti it's illegal kutengesa foreign currency, why are we still having all these money changers on the streets.

The chief cause of corruption in our police force is not the ordinary constable, but it lies in the top brass of the police.

Nyoka inorohwa musoro


Tentin 1 week ago

Isu vanhu ngati dzidzeyi kuita maprice boycott - chingwa chika Kwira ngatirege kutenga. Munoona chinozo dzikiswa. Price boycott inoshanda vehama.

Ngatiedzeyi kuzvibatsira yoga nekuri japan'a ino kumira mhuri yemumwe.

Instead yekuti hurumende hurumende, daitiri kutoti kubva mangwana ngatimbomira kutenga chingwa kana petrol kana scud chiyo.

Batanayi maZimbabwe.


Tateguru 1 week ago

Something is wrong somewhere.
Nyange chingwa chikadzika kusvika pa $0.50 USD chinenge chakangodhura.
Ancient times we used to buy a loaf for 9 cents and half loaf for 5 cents.
A box of matches was 1 cent and the omnibus (Dakota) fare from City to Mabvuku was 8 cents (12 cents weekends). And, in those days, 1982, as a security guard I earned $112 per month.

Zvinhu zvacho so, nyange mombe dzemuruzevha dzaisizadza 5 litres dzemukaka izvozvi dzaakuita ma half litre, ah!

So something went wrong somewhere and the solution in many days away.
Let's turn to the Lord God, zvimwe zvese iZero.


Dhuterere 1 week ago

Command economy 😂😂😂


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Chimboti Pizza 1 week ago

Mr President itai chero zvamada kana kutumira masoja chaiwo kuti rate ridzike. Nyangwe kuvhundutsira, itai chero✊


Chinese zodiac 1 week ago

Yaaa now you say something useful mr president so we want change as soon as possible make it on the ground!!!


nw 1 week ago

FailED


vanotenga zvigumwe 1 week ago

ndakaregerera zimbabwe kudhara when i discovered kuti haina president


hero 1 week ago

ngadzirai zvinhu cde ,


domingos rui 1 week ago

threats and threats won't sort the economy. Mota ya Mrs Sikhala maitorerei. Ali makamuurairei. ko rufu rwake madzinga wangu. Muturi is a failure in a personal business ndovaunoita finance minister wenyika. shame on you.


Bhuru 1 week ago

Kkkkkkkk. Ndaseka zvangu. ... Kutaura tazvinzwa cde president tavakuda action paground

The Observers 1 week ago

Saka nguva yese iyi mange muchiitei.


Crocodile 1 week ago

Puwai mazano naJack Sparrow akukadzira maprice ezvinhu nyika ndokuti inaka


Ed 1 week ago

Our fuel prices are the highest in southern Africa address tt u zanu fools


Jah🇿🇼Tsvarie-07 1 week ago

Kukaitiwa price control zvinhu zvichashaika muma shops tobva tafanana tese munyika totaura in one voice.
ikozvino vamwe tirikuchema ne Rtgs$ but vamwe havazvioni coz vanotumirwa mari, but zvinhu zvikashota vanenge votibvunzawo kuti koo chakati chinowanikepi toti hunza mari yacho ndinokutengera 😂


Zinja 1 week ago

Kkkkkk


Secretary 1 week ago

2008 wainzwa kut back seat kwashota 30 trillion



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