President Emmerson Mnangagwa has blasted businesses that are creating artificial shortages of basic goods like sugar, cooking oil and flour ahead of the August elections. Over the past week, shops have seen these items disappearing from shelves, despite the govt exempting them from import taxes.
President Mnangagwa warned that his govt will not tolerate the hoarding practice and has ordered investigations.
Speaking at a rally in Matabeleland South on Sunday, the President said: “I have been informed that some Indians in Harare are stocking basic goods in warehouses. They are buying sugar from Chiredzi then hoarding it and other items to push up prices.”
In a stern message, Mnangagwa threatened: “I am warning them. We will confiscate not only the warehouses but also the goods inside and distribute them to the people. If they want to hoard, they must do it in their own countries, not Zimbabwe.”
The President stressed that economic stability and development is key for his Second Republic. But he said Zimbabweans must support the govt’s plans, as only Zimbabweans can develop their own nation.
Mnangagwa promised to stimulate growth from the ground up through devolution funds and exploiting Mat South’s tourism and mineral wealth.