The law firm of choice for internationally focused companies

+263 242 744 677

admin@tsazim.com

4 Gunhill Avenue,

Harare, Zimbabwe

Mnangagwa accuses Indian business people of hoarding basic goods, threatens to confiscate them

“We
are
being
attacked
currently
by
price
hikes.
Why,
just
when
we
announced
that
we
are
going
for
general
elections?
Our
enemies
decided
they
must
cause
problems
among
our
people
and
started
hiking
prices
such
as
Innscor,”
Mnangagwa
said,
although
Innscor
had
provided
some
of
the
food
that
people
ate
at
the
rally
and
had
also
displayed
their
banner
alongside
Zanu
PF
banners.

President
Mnangagwa
singled
out
businesspeople
of
Indian
origin
and
said
he
had
information
that
they
were
illegally
hoarding
basic
commodities.

“I
have
been
told
today
that
some
Indians
in
Harare
are
stocking
basic
goods
in
warehouses.
They
buy
sugar
from
Chiredzi,
all
the
basic
goods
like
flour
and
so
on
to
stock
in
their
warehouse
then
raise
the
prices,
let
me
warn
them,”
he
said
and
added
that
his
team
was
investigating
this
issue
and
would
proceed
to
confiscate
the
goods.

“If
it
is
true,
we
shall
confiscate,
not
only
the
warehouses
but
the
things
inside
them
and
give
it
to
you
and
distribute
to
people.”

The
president
said
if
foreign
businesspeople
based
in
Zimbabwe
wanted
to
hoard
goods,
they
should
“go
back
to
their
countries.”

“Our
government
will
never
tolerate
such
activities
in
an
independent
Zimbabwe,”
Mnangagwa
said.

There
has
been
a
sudden
disappearance
of
basic
commodities
including
sugar,
cooking
oil
and
flour
in
most
shops,
especially
in
major
urban
areas,
resulting
in
price
hikes,
which
the
Mnangagwa-led
government
has
blamed
on
economic
saboteurs
trying
to
dent
its
works
ahead
of
the
national
elections
slated
for
August
23.