More

    Bread prices reduced after talks between bakers and Minister

    Harare – Bakers have agreed to reduce the price of a loaf of bread back to between 90cents and a dollar (USD) just days after announcing an increase and after government intervention.

    Bakers effected an 11 percent hike on the price of bread at the weekend, citing an increase in production costs. A loaf of bread was now costing between $1 USD and $1.10 USD.

    “The bakers will revert back to the old price with effect from tomorrow the 19th of December. The National Competitiveness Commission will immediately engage with the bakers to facilitate swift resolution of the challenges faced by the industry,” Industry and Commerce Minister Mike Bimha told journalists following a meeting with bakers and retailers on Monday.

    “There are constraints that the industry is facing and these revolve around the number of players in that value chain and we need to interrogate these constraints,” he added.

    Bimha said government was also working to address the issue of price increases across the board.

    Recent Articles

    The lockdown isn’t serving its purpose – Dr Benson Mudiwa

    Zimbabwe extended its lockdown by an additional 14 days today, following the trajectory of several other countries worldwide. Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-COV2)...

    Explained: Why Bushiri is asking for contributions from members

    Pretoria - The spokesperson for Charismatic billionaire preacher Prophet Shepherd Bushiri, Ephraim Nyondo has explained why the leader of Enlightened Christian Gathering Church asked his...

    Army deployed at border to fight COVID-19

    Harare - Zimbabwe's military has deployed its most elite disaster management personnel and units across all of Zimbabwe's ports of entry to help fight the...

    20 passengers quarantined at Beitbridge border

    Musina - At least 20 passengers travelling into Zimbabwe from South Africa have been quarantined at Beitbridge Border Post after a Malawian national onboard a...

    BA flight stops during take-off after learning coronavirus positive passenger onboard

    Cape Town - British Airways grounded a Boeing 747 on Tuesday night after it received an alert that a woman who had tested positive for...

    Related Stories

    Leave A Reply

    Please enter your comment!
    Please enter your name here

    Stay on op - Ge the daily news in your inbox