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*Govt To Meet Business Over Price Hikes: Industry Minister* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?qo Industry and Commerce Minister Mnagaliso Ndlovu says he is to meet manufacturers and retailers today in order to deal with the scourge of price hikes experienced in the past few weeks. The prices hikes occurred after the RBZ instructed banks to separate RTGS accounts from FCA accounts. This led to a steep fall in the value of the bond note/RTGS value against the United States dollar. The chain of events triggered sharp price increases which the government blamed on hoarding and panic-buying. In an interview with the Herald during his tour of Samic, a motorcycle assembling company in Bulawayo yesterday, minister Ndlovu said ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- > The issue of price hikes is temporary and it’s being addressed. And for any investor, what is more critical is how Government responds to such hikes and our response has been engagement. We should be able to work things out… Tomorrow we are having a critical engagement session with manufacturers and retailers to try and identify critical cost-push factors. *Related Stories:* *Mazoe Orange Crush Price Increases* *Packaging Materials Price Increase Could Push Up Price Of Bread Again* *More: Herald* itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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