HARARE – Zimbabwean leader, Emerson Mnangagwa on Thursday criticised business leaders for price increases as companies in the struggling economy cushion their bottom lines by hiking prices in line with steep rises in the parallel market currency rates.
Mnangagwa was addressing Zimbabweans at the National Sports Stadium in Harare during a 39th anniversary ceremony to mark Zimbabwe’s independence from Britain. “We are adopting long term strategies to stabilise availability and pricing of fuel. Introduction of market bases exchange rate expected to stabilise,” Mnangagwa said without further elaboration.
busrep These presidents in Africa all shocked, angry, livid, disturbed by the state of affairs in their countrys, yet its them and their ruling parties that steal and rob their countrys into bankruptcy, why are you all shocked.
busrep Is he not shocked? I know one President who would be shocked by the state of the economy of his country.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA petrol prices are generally higher than neighbouring countries | IOL Business ReportSouth African petrol prices are generally higher than its African neighbours with the exception of Zimbabwe. Higher than neighbouring countries Zimbabwe?,don't agree. Because the ANC needs the money! Stop rubbing salt into the wound, we know and don't wanna hear about it anymore.😔😓😞
Source: IOL - 🏆 46. / 51 Read more »
SpaceX sends world's most powerful rocket on first commercial flight | IOL Business ReportThe most powerful operational rocket in the world, SpaceX’s Falcon Heavy, launched its first commercial mission on Thursday from Florida.
Source: IOL - 🏆 46. / 51 Read more »
FNB’s Islamic trade offering ‘meets demand for Sharia-compliant finance’ | IOL Business ReportFNB said it had launched trade finance as part of its Islamic banking product suite, amid growing demand for Sharia-compliant import finance.
Source: IOL - 🏆 46. / 51 Read more »
Fitch warns SA over its high unemployment level | IOL Business ReportSouth Africa’s high level of unemployment would continue to weigh on private consumption and real gross domestic product growth in 2019. busrep The culprit is clear, but for ideological reasons they don't want to name it: high interest rates
Source: IOL - 🏆 46. / 51 Read more »
Retrenchment did not stand in the way of success for this entrepreneur | IOL Business ReportBeing retrenched from a comfortable banking job has helped a promising businesswoman to venture into entrepreneurship.
Source: IOL - 🏆 46. / 51 Read more »
Busy-bee businesswoman sees sweet success | IOL Business ReportSuccess is proving sweet for a young entrepreneur who has not allowed challenges to stand in her way to reaching new heights with her business venture
Source: IOL - 🏆 46. / 51 Read more »