ZNCC president, Marah Hativagone, confirmed the predictions of the International Monetary Authority (IMF) which said Zimbabwe’s inflation was set to hit the 100 000% by December, 2007.
Most shops in Zimbabwe have now been filled with imported goods after factories failed to meet demand due to productivity problems.
While the products are readily available on a burgeoning black market, many Zimbabweans have resorted to buying their essentials from neighbouring countries like Botswana, South Africa and Zambia
The imported goods, which are outside the National Incomes and Pricing Commission (NIPC) control are currently priced at black market parallel rates.
Post published in: Economy