Prices must be affordable: Zimbabwe businesses
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Zimbabwe business leaders held out an olive branch to government Wednesday over its controversial price controls, pledging to make goods more affordable and accepting there would be no let-up of a crackdown which has seen hundreds of retailers arrested.
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Zimbabwe's annual inflation rate, soars to 66,212.3% for December, official figures say.
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Business & money: Surge in smaller properties adds to reduction in average prices
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President Robert Mugabe's government introduced a bill yesterday to give Zimbabweans majority ownership of foreign companies, a move critics say will deepen an economic crisis. The plan would give the government sweeping powers over how foreign companies, including mines, operate in Zimbabwe. Critics accuse the veteran leader of trying to push through the bill to extend his ...
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President Robert Mugabe's government has ordered prices of basic goods and services be slashed by half to protect Zimbabweans battling with the world's highest inflation rate, official media reported on Tuesday.
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Zimbabwe's embattled finance minister has set a Herculean task of slashing four-digit inflation by two-thirds and getting the ruined economy back on track, but experts say his latest budget is not up to the job.
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Stay close to home for lower food prices.
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With prices heating up to combustion point, you need inflation protection.
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Convenience comes at too big a price.
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Prices for raw materials had languished for years, but the sector is now trying to meet burgeoning global demand for iron, copper and other key commodities.
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Several firms and shops in Zimbabwe face prosecution after they breached price ceilings imposed by a state pricing watchdog, a state daily reported on Monday.
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Drastic coal shortages despite massive natural deposits have had a ripple effect throughout Zimbabwe's economy and ruined a deal to renovate the country's biggest steelworks, the government has acknowledged.
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Business & money: Bank could step in to tackle fresh inflation fears.
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Demand lots of value at low prices.
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Zimbabwe's inflation rate, already the highest in the world, has soared again by more than 300 points to 1,593 percent in January, according to figures from the central statistics office.
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Huge price increases for bread, electricity and meat drove Zimbabwe's annual inflation rate to 1,593.6 percent, the Central Statistical Office was quoted Tuesday as saying.
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You probably know that the dollar is plunging. That will make it expensive to travel overseas for the holidays or to buy something made in a foreign land.