|
|
|
|
Devastating Price Controls in Zimbabwe |
| Section: CURRENT ISSUES / ANALYSIS |
| Author: Integrated Regional Information Networks |
| Publication:
The World & I Online |
| Issue Date: 9/1/2007 |
| Size: 1,162 Words, 7,208 Characters |
|
Price controls are having a ruinous effect on Zimbabwe's rural economy, according to small-scale farmers and civil society.
Since government launched "Operation Reduce Prices", compelling businesses to slash prices by fifty percent in a bid combat the rampant inflation of over 4,000 percent - and imprisoning businesspeople who did not comply - basic commodities have been fast disappearing from shop shelves and wholesale suppliers.
The Cold Storage Commission (CSC), the almost dormant parastatal wholesale beef supplier and meat processing company, is being resuscitated and given the sole mandate to slaughter cattle and distribute meat directly to butchers. When the price control operation commenced, abatt...
Read Full Article
... mostly local teachers, and I am yet to receive my money from them," the shop owner told IRIN.
A number of government officials, among them police officers and an employee of the information ministry, have been arrested for abusing their powers during the nationwide operation.
IRIN was unable to reach a government spokesperson for comment.
Copyright © IRIN 2007. All rights reserved
(733 of 7,208 characters)
|
|
|
Publication Details
(The World & I Online) |
|
The World & I Online is a
comprehensive academic resource that encompasses a broad range of
articles by scholars and experts in the areas of Global Studies,
Liberal Arts, Fine & Applied Arts, General Science, and Spanish.
Originally published monthly in print as The World & I, our site
includes the complete contents since 1986 and continues to publish
a new issue online each month. |
|
|
|
|
|
|
|
