Price hikes pushing Zimbos to revolt: Minister

The incessant hikes in prices of basic commodities will push long-suffering Zimbabweans to revolt, Industry and Commerce minister Nqobizitha Mangaliso Ndlovu has warned.

This comes at a time when prices have gone up by 25 to 75 percent in the past four days from the average prices of similar commodities last month.

Ndlovu told a Bulawayo provincial investment conference at the Zimbabwe International Exhibition Centre that business should exercise caution.

They are pushing consumers to revolt… We want to have candid discussions around this issue, which is killing our economy,” Ndlovu said.

Business cited an unstable exchange rate between the United States dollar and the RTGS dollar for the recent price hikes, but the Industry minister argued otherwise.

“I don’t know whether our economy is a foreign exchange market or what, but this does not make sense,” Ndlovu said….newsday