Wednesday, July 11, 2007

Zimbabwe tightens price controls amid panic buying

(Reuters) - Zimbabwe has imposed tight profit margins for businesses, stepping up a price rollback programme that has led to empty store shelves, long petrol queues and renewed fears of a total economic collapse.

President Robert Mugabe ordered that prices for a wide range of foodstuffs and consumer items be slashed two weeks ago, accusing businesses of raising prices as part of an effort by Western opponents to overthrow his 27-year-old government.


Read more at Reuters Africa

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