Govt re-ac­ti­vates task­force on price sta­bil­i­sa­tion

Chronicle (Zimbabwe) - - Front Page -

GOVERN­MENT has re-ac­ti­vated the in­ter-min­is­te­rial com­mit­tee on price sta­bil­i­sa­tion that will en­gage the busi­ness com­mu­nity and ad­dress chal­lenges caus­ing price hikes and short­ages of ba­sic com­modi­ties.

This was said by Act­ing In­for­ma­tion, Pub­lic­ity and Broad­cast­ing Ser­vices Min­is­ter July Moyo in the weekly brief­ing on Cab­i­net res­o­lu­tions.

Min­is­ter Moyo said Cab­i­net was con­cerned by the wan­ton price in­creases that had af­fected the mar­ket.

He ruled out that Govern­ment will adopt price con­trols. “Fol­low­ing an up­date on the un­jus­ti­fied price hikes and un­avail­abil­ity of fuel and ba­sic com­modi­ties in shops and through­out the coun­try, Cab­i­net ex­pressed grave con­cern over the pre­vail­ing un­war­ranted state of af­fairs and un­der­took to en­sure that the sit­u­a­tion was rec­ti­fied as a mat­ter of ur­gency,” he said.

“In ad­di­tion to the mea­sures an­nounced by Vice Pres­i­dent Kembo Mo­hadi last night, Cab­i­net re­solved as fol­lows; (a) that the in­ter-min­is­te­rial com­mit­tee on price sta­bil­i­sa­tion be re-ac­ti­vated and en­gage with the busi­ness sec­tor in order to ad­dress the chal­lenges at hand and build con­sen­sus on mea­sures to grow the econ­omy as pro­vided un­der Vi­sion 2030;

“(b) that the se­cu­rity arms of Govern­ment should carry out thor­ough in­ves­ti­ga­tions into for­eign cur­rency par­al­lel mar­ket ac­tiv­i­ties and en­sure that the cul­prits are brought to book;

“(c) that con­crete mea­sures to re­store con­fi­dence in the for­mal bank­ing sys­tem be im­ple­mented in con­sul­ta­tion with the key stake­hold­ers; (d) that the com­mit­tee pre­vi­ously set up to com­bat the smug­gling of com­modi­ties and pre­cious min­er­als along the coun­try’s bor­ders be re­ac­ti­vated to ad­dress the leak­ages.”

Min­is­ter Moyo said Cab­i­net had also re­solved that mea­sures be adopted to in­crease pro­duc­tiv­ity and ex­port of value added prod­ucts to boost for­eign cur­rency gen­er­a­tion. “Work on the so­cial con­tract to be signed be­tween Govern­ment, busi­ness and labour un­der the aus­pices of the Tri­par­tite Ne­go­ti­at­ing Fo­rum be speeded up so as to fa­cil­i­tate stake­holder col­lab­o­ra­tion in the res­o­lu­tion of the chal­lenges be­set­ting the na­tional econ­omy,” he said.

On price con­trols, he said Govern­ment had not adopted the mea­sure. “Govern­ment has not in­tro­duced price con­trols, there are mech­a­nisms within the mar­ket and there are in­sti­tu­tions which can track the prices to see if some­one is prof­i­teer­ing or not,” he said.

Deputy Min­is­ter of In­dus­try and Com­merce and Mem­ber of Par­lia­ment for Bu­l­awayo South con­stituency Cde Raji Modi (right) do­nated spec­ta­cles to the el­derly yes­ter­day. In the pic­ture, Gogo Janet Gumbo (74) shows her ap­pre­ci­a­tion af­ter re­ceiv­ing her pair while doc­tors (from left) Jab­u­lani Sibanda from Gaborone, Botswana, and Thanuja Panicker and col­leagues look on in Belle­vue sub­urb, Bu­l­awayo. — (Pic­ture by Eliah Saushoma)

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