Zimbabwe restores staple maize meal subsidy as it suffers hyper-inflation
HARARE – Zimbabwe
has restored maize meal subsidies on the staple maize meal following their removal on a wide range of products in line with economic reforms aimed at re-aligning government spending.
has restored maize meal subsidies on the staple maize meal following their removal on a wide range of products in line with economic reforms aimed at re-aligning government spending.
Finance Minister Mthuli Ncube removed the subsidy on maize meal and flour in his 2020 budget statement last month.
This however sparked price increases in the past week, with the price of a 10 kilogram bag of roller meal going up to ZWL110 (about R70 on the streets of Harare), prompting Mnangagwa to reverse the removals.
Source: iol.co.za
