Home » Price hikes haunt Zimbabwe as parallel market rates soar

Price hikes haunt Zimbabwe as parallel market rates soar

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ZIMBABWE has witnessed a spate of unprecedented price increases for most goods and services after parallel market rates soared and business reacted to the introduction of a two percent tax on money transfers by Finance Minister Mthuli Ncube. A majority of retailers defend the increases, saying they are doing so to cushion their businesses against…

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