INDUSTRIALS & ENERGY

Why Zimbabwe quadrupled its electricity prices

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulato...

By Reuters | Published: 10 October 2019

BUSINESS NEWS

Zimpapers hike prices of all its publications

Zimbabwe Newspapers Limited (Zimpapers) has announced new cover prices for all its publications with effect from Thursday 3 October 2019. Below is the statement from Zimpapers:Zimpapers would like to...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Fury as prices go out of control

DEBATE is raging regarding how much more long-suffering Zimbabweans can take of the double whammy of skyrocketing prices of basic goods and escalating shortages of essentials such as water, medicines,...

By Staff reporter | Published: 06 October 2019

BUSINESS NEWS

Govt tightens screws on bread prices

The government has tightened its monitoring mechanisms on subsidised bread-making flour to millers and bakers to avoid unjustified bread price increases.This comes after several reports of some "baker...

By Staff reporter | Published: 27 September 2019

MINING & RETAIL

Simbisa Brands slashes prices

LISTED quick service business, Simbisa Brands, has set the pace by slashing prices of its major products by 20 percent margins in response to monetary and fiscal consolidation measures being implement...

By Staff reporter | Published: 04 July 2019

BUSINESS NEWS

Prices of goods in Zimbabwe will come down

PRESIDENT Emmerson Mnangagwa's under-pressure government says it is confident that the sky-high prices of basic goods that have made the lives of ordinary citizens miserable over the past few months w...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Economists warn against USD-based prices

The Economists Roundtable has implored businesses to stop pegging prices of goods and services against the value of the US dollar since the costs they incur are in local currency. The call follows the...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Building material prices up 54%

Prices of building materials have gone up by 54,28 percent in the first quarter of 2019, a move which will spike construction costs for prospective homeowners, the Zimbabwe National Statistics Agency ...

By Staff reporter | Published: 29 April 2019

BUSINESS NEWS

Fuel prices go down

THE price of fuel has slightly gone down after the Government announced an increase in the blending ratio of petrol from five percent to 10 percent last week.In a notice, the Zimbabwe Energy Regulator...

By Staff reporter | Published: 28 April 2019

BUSINESS NEWS

Fuel prices up again

DESPITE government castigating business for over-pricing, there is likely to be no respite for the embattled consumer anytime soon as the price of fuel continues to go up, almost on a weekly basis.A s...

By Staff reporter | Published: 24 April 2019

LANDS & AGRICULTURE

Tobacco deliveries increase as prices firm

Tobacco deliveries at most auction floors are increasing gradually, with the Government yesterday saying it expected prices to firm after the Easter holidays. The 2019 tobacco marketing season started...

By Staff reporter | Published: 24 April 2019

BUSINESS NEWS

Petrol, diesel prices go up

THE price of fuel has gone up, but the supply of the resource remained subdued yesterday as most service stations were without both petrol and diesel.Chaos has become the order of the day at fuel stat...

By Staff reporter | Published: 03 December 2018

BUSINESS NEWS

Govt shoots down 300% hike in uniform prices

Government has shot down proposals by textile firms to hike prices of school uniforms by a massive 300 percent.This comes after uniform prices went up by as much as 440 percent last month.Addressing a...

By Staff reporter | Published: 21 November 2018

BUSINESS NEWS

Govt, industry in prices deadlock

GOVERNMENT and business yesterday reached an impasse over arbitrary price hikes after a lengthy meeting between Industry and Commerce minister Mangaliso Ndlovu and captains of industry in the capital....

By Staff reporter | Published: 20 November 2018

BUSINESS NEWS

Govt to meet business over prices

GOVERNMENT is today expected to meet manufacturers and retailers in a bid to address price hikes, a Cabinet minister confirmed yesterday. The country witnessed astronomical increases of basic commodit...

By Staff reporter | Published: 19 November 2018

BUSINESS NEWS

Prices zoom out of control

The price of cooking oil has shot up by more than 20 percent, adding to the cost-push inflationary pressures triggered by the recent wave of price adjustments. A survey showed that the standard price ...

By Staff reporter | Published: 27 September 2018

BUSINESS NEWS

Saboteurs behind price increases

PRICE increases that were reported in the country last week were being fuelled by political and economic speculators who were aiming at scuttling the acceptance of President Mnangagwa's new Cabinet, a...

By Staff reporter | Published: 09 September 2018

CONSTRUCTION & PROPERTY

Brick prices soar 12%

Zimbabwe's leading brick making companies have raised prices by almost 12 percent on strong demand largely driven by increased construction activity in the economy. A survey shows that Willdale and Be...

By Staff reporter | Published: 25 July 2018

INDUSTRIALS & ENERGY

Pressure on petrol prices

Petrol prices are marginally increasing at some pump stations after holding steady for the better part of the month.Observers fear the increases, blamed on bottlenecks in the supply chain, could have ...

By Staff reporter | Published: 24 July 2018

INDUSTRIALS & ENERGY

Sugar prices up 18%

THE price of sugar has increased by about 18% to $2,25 per 2 kg pack over the past few days due to rising costs of production as well as cost of money, NewsDay has reported.Confederation of Zimbabwe R...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

'Tourism prices must come down'

TOURISM and Hospitality Industry Minister, Prisca Mupfumira, says the pricing of tourism products in Zimbabwe needs to be reviewed downwards to enhance competitiveness and increase volumes.Cutting tou...

By Staff reporter | Published: 04 July 2018

BUSINESS NEWS

Prices of basic goods shoot up

Prices of basic consumer goods have gone up sharply over the past few weeks, on the back of worsening foreign currency shortages in the country.At the same time, experts warn that the price increases ...

By Staff reporter | Published: 01 July 2018

LANDS & AGRICULTURE

Egg prices up 57%

WHOLESALE prices of table eggs have increased by 57% over the past few years to $4,50 per tray in the first quarter of 2018, an official has said.In an industry update for the first quarter of 2018, Z...

By Staff reporter | Published: 23 June 2018

BUSINESS NEWS

Basic commodity price hikes loom

An increase in prices of basic commodities and other products is looming in Zimbabwe, as fuel prices continue on an upward trend, the Confederation of Zimbabwe Retailers (CZR) has warned.Fuel prices h...

By Staff reporter | Published: 04 June 2018

BUSINESS NEWS

Transport costs drive fuel prices outside Harare

Fuel dealers outside Harare that are selling the commodity at above government-stipulated prices say they are doing so to cover transportation costs for the fuel to towns outside the capital.A survey...

By Staff reporter | Published: 04 June 2018
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