Government is set to introduce new subsidies for at least seven basic commodities to relieve the nation from the relentless price increase.
The new intervention on basic commodities follows last week’s reintroduction of grain subsidies, which will halve the price of roller meal to $50.
Addressing the Zimbabwe Liberation War Collaborators Organisation (Ziliwaco) National Conference in Harare yesterday, President Mnangagwa said his administration would continue to provide safety nets for vulnerable members of society.
“One of your grievances raised here was that of price increases. You already know what we have done by reversing the price of mealie-meal. We reversed it on Wednesday and we are going to gazette a Statutory Instrument by Monday (tomorrow) to reduce mealie-meal to $50,” said President Mnangagwa.
“We are now going to fix the price of mealie-meal so that it is affordable to the ordinary people and we pay the difference through the subsidy. In addition to that, we have also chosen about seven basic commodities which we are going to subsidise. These are basics used by a traditional family, and we want these basic foods to be cheaper. For example, if a product was selling for $20, you will buy at $12, the Government will pay the remaining $8 so that people can buy at a low price,” he said