• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION
No Result
View All Result
1
Home Africa

Zimbabwe’s economic crisis wipes out Christmas cheer

23 December 2018, 9:34 AM  |
AFP AFP |  @SABCNews
Grocery store with empty shelves

No sign of the seasonal Christmas rush at this shop.

Grocery store with empty shelves

Image: AFP

No sign of the seasonal Christmas rush at this shop.

At Solomon Chakauya’s grocery store in Zimbabwe’s Chinamhora district outside Harare, there’s no sign of the seasonal Christmas rush that he needs to keep his business afloat.

Even in the country’s toughest times, sales rocketed in the days before Christmas but this year few people are able to buy anything.

It is a far cry from the revived economy that President Emmerson Mnangagwa promised more than a year ago when he took over from the ousted Robert Mugabe.

Instead, shortages of bread, cooking oil and fuel have worsened in recent months, banknotes become even scarcer and shop shelves have often been left bare.

“In previous years, people would stream in to buy things like rice, oil, biscuits, sweets, soup powder and drinks. It was so busy I would be on my feet all day,” Chakauya, 29, told AFP.

“Things are tough and most people have no money.”

But over this holiday season, Chakauya has sometimes had only four customers a day, leaving him to kill time sitting in the shade in front of his store.

Local villager Emilda Chingarambe said that for the first time in many years she could not buy her two daughters new clothes for Christmas day.

“I don’t consider it Christmas at all,” said Chingarambe whose husband works part-time as a labourer tilling fields.

“There is no bread in the shops. We can’t afford flour and groceries we usually buy for Christmas.”

Shortages have fuelled a ferocious climb in prices and long queues.

In Chinamhora, a litre of cooking oil was around $3.50 in early September and is now selling for $10. Inflation is officially 20%.

Once soft drinks such as Coca-Cola and the local Mazoe juice have also become hard to find.

“I haven’t seen Coca-Cola in the last two months,” Chingarambe said.

Zimbabwe’s economy has been in dire straits since hyperinflation wiped out savings between 2007 and 2009 and the Zimbabwean dollar was abandoned.

Under Mugabe, farms were seized, agriculture collapsed and investors fled as the country became internationally isolated.

Mugabe’s fall last year saw Mnangagwa, his former deputy claim that he represented a fresh start.

But the country has only lurched into fresh economic trouble after July that failed to encourage foreign investors or to unleash a flood of aid.

“The challenges have dampened the festive mood,” Prosper Chitambara, economist at the think-tank Labour and Economic Research Institute, told AFP.

“It does not look like there is going to be an immediate end to the queues and shortages. Next year, there is going to be lots of pressure on the government to increase salaries which will put pressure on expenditure.”

The latest downturn erupted two months ago when finance minister Mthuli Ncube announced a two-percent tax on all electronic transactions to increase revenue.

Zimbabweans rely on electronic payments in US dollars, which are in short supply and function as the main currency. The local “bond note” currency is little trusted.

Many shops and pharmacies have closed down in the capital, Harare. Those still operating charge much more when customers pay electronically or in bond notes than in US dollars.

In one shop, a bottle of paracetamol syrup is 3 US dollars in cash, 15 dollars in bond notes and 17 dollars when using a bank card.

Doctors at state hospitals have been on strike for the past three weeks demanding salaries in US dollars while a group of teachers completed a 200-kilometre walk from the eastern city of Mutare to Harare to demand better pay.

At the ruling ZANU-PF party last week, Mnangagwa admitted the economy “was characterised by fuel shortages, high cost of drugs, medicines and wide range of basic commodities.”

He offered little immediate relief, instead blaming “gluttonous” businesses for price rises that “resulted in untold suffering to the majority of our people.”

Share article
Tags: ZimbabweZimbabwe economy
Previous Post

E Cape initiates death toll rises to 21

Next Post

Harsh action will be taken against corrupt cops: Cele

Related Posts

File: Ex late Chad President Idriss Deby addresses the 74th session of the United Nations General Assembly at U.N. headquarters in New York City, New York, U.S., September 25, 2019.

Chad sentences 441 rebels to life in prison over ex-president Deby’s death

22 March 2023, 6:56 AM
A supporter of Kenya's opposition leader Raila Odinga of the Azimio La Umoja (Declaration of Unity) One Kenya Alliance, kicks back a teargas canister fired by riot police to disperse them as they participate in a nationwide protest over cost of living and President William Ruto's government in Eastleigh neighbourhood of Nairobi, Kenya March 20, 2023. REUTERS/Thomas Mukoya

One student killed, 200 people arrested in Kenya protests: Police

21 March 2023, 2:47 PM
A man walks past the carcass of sheep that died from the El Nino-related drought in Marodijeex town of southern Hargeysa, in northern Somalia.

Somalia’s drought killed 43 000 last year, half under five: Study

21 March 2023, 7:46 AM
Supporters of the Azimio La Umoja (Declaration of Unity) One Kenya Alliance clash with police during a nationwide protest over the cost of living and against Kenyan President William Ruto's government, in Nairobi, Kenya March 20, 2023.

Kenyan opposition politicians arrested, tear-gassed during protests

20 March 2023, 8:54 PM
Protestor holds tear gas cannister fired by police in Kenya

Kenyan police fire tear gas to disperse cost-of-living protests

20 March 2023, 11:13 AM
Branches of trees sway as cyclone Freddy hits, in Quelimane, Zambezia, Mozambique.

Cyclone Freddy teaches deadly lessons on storm warnings, city sprawl

20 March 2023, 8:45 AM
Next Post
Bheki Cele

Harsh action will be taken against corrupt cops: Cele

Most Viewed

  • 24hrs
  • Week
  • Month
  • NPA’s Andrew Breitenbach admits to leaking Zuma medical records to Maughan
  • SABC News crew attacked on N2 while monitoring protests
  • BREAKING | EFF members arrested after clashes with police in Braamfontein Sunday night
  • WARNING | Graphic details: Mabopane businessman killed in a hail of bullets
  • Police making progress in AKA’s murder case
  • Corporates prepare for a possible national blackout
  • NPA’s Andrew Breitenbach admits to leaking Zuma medical records to Maughan
  • SABC News crew attacked on N2 while monitoring protests
  • Wits SRC sued
  • E-tolls permanently scrapped: Lesufi
  • Two taxi owners assassinated in Durban
  • AmaZulu King pays tribute to Prince Mangosuthu Buthelezi
  • Drive-by shooting in Durban kills two, injures teenage girl
  • Problems at Kusile have nothing to do with corruption: Ramokgopa
  • Shabangu deplores growing racism in the ANC

LATEST

Premier Lubabalo Oscar Mabuyane during his weekly Family Meeting Friday.
  • South Africa

E Cape Premier to visit families of Langa Massacre victims


A heavy-duty electrical transformer
  • Eskom rolling blackouts
  • South Africa

Rolling blackouts case back in court


RDP houses in Langa, Cape Town.
  • South Africa

Langa township in Cape Town celebrates 100 years


File: Ex late Chad President Idriss Deby addresses the 74th session of the United Nations General Assembly at U.N. headquarters in New York City, New York, U.S., September 25, 2019.
  • Africa

Chad sentences 441 rebels to life in prison over ex-president Deby’s death


Antonio Conte
  • Sport

Spurs should hold onto Conte ‘as long as possible’: Doherty


A dim bulb for illustrative purposes
  • Eskom rolling blackouts
  • Business

Stage 2 rolling blackouts implemented at 5am, stage 3 from 4pm


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION

© 2023

Previous Initiates E Cape initiates death toll rises to 21
Next Bheki Cele Harsh action will be taken against corrupt cops: Cele