‘ED has no trust in price controls’

272

NEWS DESK

KWEKWE- Zimbabwean President Emmerson Mnangagwa does not believe in the price controlling system as a way of halting a continued surge in prices of basic commodities because he is fully aware of the detrimental economic problems it created during the clench-fisted autocratic rule of deposed tyrant Robert Mugabe, a senior Zanu PF official has said.

Responding to questions from party members during the Zanu PF inter-district meeting question-and-answer segment, the provincial chairperson for the Midlands province, Engineer Daniel McKenzie Ncube said Mnangagwa’s economic policies were distinctly divorced to those of Mugabe which literally sent the country’s vibrant economy to the gallows. Engineer Ncube also said that the economic turmoil of 2008 which resulted in an acute shortage of basic goods and commodities where empty shelves characterized the main retail outlets across the country was as a result of the injurious price controlling system implemented by the Mugabe administration.

Questioned by the party’s former Ward 5 Kwekwe Councillor Assum Musa on why Mnangagwa was mum on the wanton overpricing of goods and services, Engineer Ncube said:

“I think we are all fully aware of the 2008 era when the then political administration chose to control prices for goods and services. We all know that there were basic food shortages across the country and this caused a lot of suffering in the country. Now, since the new dispensation took the reigns, our President has taken a different path to the one we were all used to- he does things differently. I think we all admit that the situation- especially the fuel situation- has been normalizing and fuel queues have eventually disappeared. Our leader has always been a listening president and we must simply heed to his call for patience while the government is taking these austerity measures which are useful in the long run”. Former president Mugabe had traditionally used the price controlling system as an instrument to control the country’s run-away inflation which had soared to imponderable levels during his disastrous tenure. Through the demarcation of prices for basic commodities, Mugabe forced the country’s retailers to halt ‘illegal’ pricing and when the slashes were effected, this resulted in consumer rush for basic goods leaving retailers out of stock and subsequently incapacitated to restock. Although the Mnangagwa administration has persistently warned against the wanton overpricing of goods and services, its approach is hardly pronounced to the price controlling stunt of the preceding leadership.