Zimbabwe Finance Minister lashes at those hoarding maize meal


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Zimbabwe Finance and Economic Development Minister, Mthuli Ncube, has slammed people abusing the subsidised maize meal facility by hoarding and re-selling it for a profit.

The government is currently subsidising maize meal to ensure it remains affordable for the majority of Zimbabweans. The commodity is sold at about half what should be its retail price.

But Professor Ncube said he had been made aware of the abuse of the facility.

“I am aware that some roller meal which is being sold at a subsidised price of $50 per 10kg is finding its way across the borders. I am aware some people are buying it at $50 and selling it across and making a margin by selling at a higher price,” he said.

“That of course we frown upon that, it is not something that we welcome and it should stop.”

Ncube said subsidies were meant to benefit ordinary Zimbabweans and not individuals trying to make money.

Regardless, he said, the government was still exploring options to put more products on its subsidy programme for the benefit of citizens.

“We will put more products on the subsidy programme so that our citizens can continue to benefit,” he said.

Recently President Emmerson Mnangagwa also announced that new subsidies for at least seven basic commodities would be introduced soon to relieve the nation from relentless price increases.

Speaking during a national clean-up campaign at Kuwadzana 2 shopping centre in the capital recently, Mnangagwa said the government would make sure that prices of basic commodities would remain affordable to the public.

“I was advised that there are seven basic commodities which should not be scarce. We are going to make sure that these are found at affordable prices for our people. We are working on that, be patient. These things are being rolled out, we have the money to do that,” he said. –New Ziana

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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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