t year, the government said the retail costs of all goods should be cut by 50 per cent. The move has led to massive hoarding and black marketeering, along with mounting losses and closures among food suppliers and processors.
South Africa’s ambassador to Zimbabwe, Mlungisi Makhalima, has reportedly expressed his country’s disquiet over the arrest of managers running two South African companies – Edgars and Innscor. A retail manager at Edgars was arrested this week for allegedly “changing price tags of clothing slowly.”
A manager at Innscor, which runs flagship fast food outlets Chicken Inn and Nandos, was also arrested after declining to slash prices before getting a directive from head office.
Hundreds of managers have defying the government directive have been jailed.
12.7.2007
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SA protests at beating of managers
President Robert Mugabe's directive to slash prices and impose price controls on basics, has sparked a diplomatic tiff with the South African government, dealing a shattering blow to the already crippled economy and threatening widespread food shortages.
With presidential elections due early nex
With presidential elections due early nex