Category: Business

Inflation declines

inflation3.jpgThe year-on-year inflation rate as measured by the Consumer Price Index (CPI) has declined for the 3rd consecutive month from 4.1% in July to 3.6% in August, shedding 0.6 percentage points.

The latest figures from the Central Statistical Office mean that prices as measured by the all items CPI increased by an average of 3.6 percentage points between August 2009 and August 2010.

 

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Commission investigates bread price

 

loaves of bread.jpgThe Competition and Tariffs Commission is in the process of investigating the recent 10% increase in the price of bread with a view to resolving alleged improper trade practices and unjustified adjustment in bread prices by the local baking industry.

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CZI calls for analysis of RBZ debt

 

czi president.jpgThe Confederation of Zimbabwe Industries (CZI) has voiced support for Government’s move to stop the stripping of RBZ assets, calling for an analysis of the central bank’s debt in order to ascertain how it can be repaid.

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Zim Mining Indaba on next week

zim mining indaba2.jpgForeign investors to the forthcoming Zimbabwe Mining Indaba say they are interested in fully complying with the Indigenisation and Economic Empowerment Act and have expressed commitment towards the cultivation of long-term partnerships with local investors.

 

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