Zimpapers Increase Prices Of Its Publications By 233%
Zimbabwe’s oldest newspaper publisher and commercial printer, Zimpapers has announced an50 to 233% increase in the price of all its publications.
Fears abound that other publishers and printers including Alpha Media Holdings, which publishes the Newsday and Daily News would follow suit. This would be its second time since it increased prices earlier this year.
The development was argued to be a way for the publisher which has Herald, Chronicle, Sunday Mail, Business Weekly, Sunday News, H-Metro, B-METRO, Kwayedza, UMthunywa and Manica Post under its portfolio.
Below are the old and new prices.
The prices have been increased by between 50 and 233% with the highest increase being that of the
- Sunday Mail from $2 to $10,
- Business Weekly from $2 to $10,
- H-Metro, from$1 to $2.
- B-Metro, from$1 to $2.
- Kwayedza, from$1 to $2.
- UMthunywafrom $1 to $2.
- Manica Post from $1.50 to $3
The price increases will be effective from the 8th of September 2019.
The increase in prices comes at a time when prices of other commodities have been on the rise for over 24 months now.
Meanwhile, workers’ salaries have remained stagnant thereby creating a mismatch between their finances and the increased cost of living.
More: Equity Axis
