Govt. Warned: ZW$18 billion stimulus package will stoke inflation
Lockdown: Price freeze is good but not sustainable: experts
By Staff Writer President Emmerson Mnangagwa has announced a ZW$18 billion stimulus package for the economy which took a cough due to the COVID-19 pandemic. Experts have however warned that while the package is long overdue, the rescue plan could result in money supply growth which is inflationary and could also fuel corruption in the …
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Lockdown: Cabinet mulls price freeze on basic commodities
By Staff Writer Zimbabwe’s fast-moving consumer goods could soon vanish from supermarket shelves as the manufacturing sector struggles to stimulate production during the ongoing lockdown which seeks to slow the spread of COVID-19, analysts have warned. The southern African country’s rate of inflation has over the past few months been rapidly rising, pushing the breadbasket …
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By Staff Writer The government has announced that it is considering a price freeze on selected basic commodities during the ongoing national lockdown after it noted that the reemergence of the three-tier pricing system resulted in price hikes. Local retailers are now demanding payment of goods and services in United States dollars, Zimbabwe dollar and …
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