PindulaNewsMarketJobsExpore

Price Increase Madness Giving Us Sleepless Nights - Govt

Price Increase Madness Giving Us Sleepless Nights - Govt

The government has said the price increases are giving them sleepless nights the Sunday Mail reports. This was revealed by Secretary for Industry and Commerce Dr Mavis Sibanda who spoke to the publication about the issue and said:

That is a cause of concern to us as a ministry; we are not even sleeping because we do not understand what is happening and we are trying to find means and measures to stop this.

“We also think this is generated by people with ulterior motives because there is definitely no reason why (for example) if the price of fuel goes up by one cent, the price of Mazoe goes up by $10. Honestly, if one cent can be equated to $10 or $15 then there is something wrong. I personally believe some of these people are trying hard to push Government to put price controls, I think this is the intention that Government should put price controls so that goods disappear from the market

Basic goods prices have been on an exponential hike ever since September last year when the new cabinet came in office. The govt has threatened to put price controls but nothing has changed.

More: The Sunday Mail 

Tags