Mugabe Seeks Election Price Cuts
By Andrew Riley • Mar 25th, 2008
Robert Mugabe, the genius presiding over Zimbabwe and it’s ten million dollar loaves of bread, is up to his old tricks again.
The government last year ordered prices to be reduced, leading to widespread shortages. Zimbabwe’s annual inflation rate is 100,000% - the world’s highest.
The state-owned Herald newspaper reports that Mr Mugabe has ordered business leaders to attend a meeting with government officials.
“We want them to reduce prices to those which were in effect before the salary hike,” he said.
He said that anyone who refused to co-operate would be nationalised, through the new Indigenisation and Empowerment Act, under which businesses are supposed to be majority-owned by black Zimbabweans. [BBC NEWS]
Force business owners to sell at a loss or lose the business… what could possibly go wrong? We’ve spent plenty of time talking about Zimbabwe before. Mugabe is ruining his country.
