d to the Ministry of Industry and International Trade to consider reviewing the price of flour upwards.
“We had not effected any increase and we think the arrests are retrogressive and it does not augur well with efforts to attract investment. “How do you think a serious investor will come in such an environment?” she said.
Her comments follow last week’s arrests of Blue Ribbon Foods chief executive officer Michael Manga and National Foods managing director Ian Kind. The two were arrested on charges of unlawfully increasing the prices of self-raising flour without the blessing of government. It is alleged that the two sanctioned the increase of a 2kg packet of flour from $2 600 to 42 904.
15.2.2007
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ZNCC condemns arrests-(15-02-07)
HARARE - The Zimbabwe National Chamber of Commerce (ZNCC) has roundly condemned last week's arrest of business executives, saying they had not increased the price of flour as alleged.
ZNCC president Marah Hativagone said the arrested National Foods and Blue Ribbon Foods executives had only applie
ZNCC president Marah Hativagone said the arrested National Foods and Blue Ribbon Foods executives had only applie