Zim to intensify price blitz
17/07/2007 12:19  - (SA)  

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Harare - Zimbabwe was set to intensify its pricing blitz after leaders of the ruling party declared the crackdown had so far yielded impressive results, the state media reported.

Nathan Shamuyarira, Zanu-PF's secretary for information and publicity, said a meeting of the party's politburo on Monday, chaired by President Robert Mugabe, had decided to extend the three-week old Operation Dzikiza (Operation Reduced Prices) as it had already shown to bring prices down.

Shamuyarira was quoted as saying: "We got a full report from the ministerial taskforce and the politburo was very impressed that prices were coming down.

"The politburo came up with a number of measures to tighten and intensify the process and these will be tabled before the central committee tomorrow (Tuesday). But we were quite impressed with the process."

According to reports, the central committee's recommendations would then be "implemented by the relevant arms of government".

Retailers and manufacturers, grappling to cope with an inflation rate now believed to be well more than 5 000%, had been raising their prices several times a day until the government ordered prices to be cut in half on June 26.

At least 3 000 retailers and manufacturers had been subsequently arrested for violating the edict, most of whom had been slapped with fines.

Manufacturers had said the government-imposed prices meant that they were unable to cover their costs and stores were fast running out of supplies, although the black market was prospering as a result.

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