Zimbabwe arrests over price curbs

Source: aljazeera

"More than 1,300 shop owners, managers and company executives have been arrested for defying a price cut ordered by the Zimbabwe government, police say.

On Monday, 33 executives appeared in court charged with a range of offences including failing to display prices and ignoring the government order.

Most of them pleaded guilty to violating price control regulations and were ordered to pay fines of three million Zimbabwe dollars - $23 at the black market exchange rate or $200 on the official market.

Hundreds of businesses have been fined since the controls were introduced on June 25."






Obert Mpofu, Zimbabwe's industry minister, ordered businesses to halve the prices of goods and services in a bid to curb inflation which is sprialling above 4,500 per cent, but the announcement has been widely ignored.


Read more: <http://english.aljazeera.net/NR/exeres/81D1350D-2D57-40C9-871F-EC95C875D5FC.htm>

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Mugabe is certainly taking bold steps to improve his economy!