The government has announced a reduction of mealie meal prices, with the retail price of 10kg now set at $50.

This was revealed by Finance and Economic Development Minister Mthuli Ncube in a statement on Thursday morning. He said:

As you may be aware, His Excellency the President, Cde E.D Mnangagwa announced that subsidies on maize have been restored in order to cushion the vulnerable groups of our society from the negative impact of increases in basic food prices.

In this regard, the new subsidy model will, therefore, target the production of roller meal resulting in the retail price of ZWL$50 for a 10kg bag.

Last month, Ncube announced the removal of mealie meal subsidies while presenting the 2020 national budget statement.

The move was, however, reversed a few days later by President Emmerson Mnangagwa while addressing ZANU-PF youths in Kadoma.

More: The Herald