ED Speaks On Price Hikes, Lays Blame On Saboteurs

President Emmerson Mnangagwa

Zimbabwean News You Can Trust

President Emmerson Mnangagwa yesterday read the riot act on businesses that are working behind the scenes with vested foreign countries to hike prices to make the people suffer and turn against the Zanu PF-led Government, especially as the country heads for harmonised elections.

This follows a spate of often inexplicable price increases that have been witnessed in the past few weeks, increases that often defy market and economic logic as they are benchmarked on the parallel market and have squeezed the consumer hard.

The President said his patience was running thin with the business community that was seemingly working in cohorts with the country’s detractors to effect regime change in Zimbabwe as they covetously eye the country’s rich mineral resources which they can get through puppets in the form of opposition parties.

Speaking to thousands of first-time voters at a rally that was organised by Young Women for ED in the city of Masvingo yesterday, the President said his Government would  not brook any more nonsense from businesses that were in the habit of increasing prices.

“We are aware of those bent on causing havoc in our country by attacking our currency, they will never succeed, they want our minerals, vanoda kuti imi mukatsamwa voisa zvimbwasungata zvavo, vouya vachimora, imi miromo yenyu yakangochena nenzara, Pasi navo. We will remain united as a people.

“This wanton increase of prices and manipulation of the foreign exchange rate must stop. This morning when I met the (Reserve Bank of Zimbabwe) Governor (Dr John Mangudya) and the Minister of Finance (Professor Mthuli Ncube), I gave them instructions that we shall not tolerate this nonsense. Those who are going to be found wanting and commit crimes against measures we have put in place, we shall have their trading licences withdrawn, because these people doing these heinous acts to cause suffering on our people, I now warn them, warn them three times. Understanding that dialogue, tolerance, love, respect and friendship must remain key traits among our people, this is the DNA of Zanu PF,” said the President.

Mnangagwa also said the 2023 elections will offer Zimbabweans a platform to reject puppets who were denigrating the country and inviting sanctions that have caused suffering on the people.

Source Herald

 

 

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