Relax, there is no crisis in Zim

Subject: Relax, there is no crisis in Zim Wed Jul 02, 2008 11:36 am

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Paul Viljoen
E Mail: koi@absamail.co.za ; http://www.koionline.co.za

Subject: Re: Relax, there is no crisis in Zim Wed Jul 02, 2008 12:15 pm

SCARY STUFF Shocked

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Jaco Vorster

Joined : 15 Jan 2008 Posts : 40

Zim tenants 'give food as rent'
03/07/2008 11:13 - (SA)

Johannesburg - Rentals in high-density suburbs in Zimbabwe are soaring and landlords are demanding payment in foreign currency and food, the state-controlled Herald has reported.

Residents of a suburb in Harare told the newspaper that they were now forced to supply two litres of cooking oil, 20kg of maize meal and two kilograms of sugar as part of their monthly rentals.

A two litre bottle of cooking oil, 20kg of maize-meal and two kilograms of sugar were pegged at Z$200bn, Z$160bn and Z$50bn respectively.

According to the Herald, a bedsitter, one bedroom and two bedroomed flats were now pegged at $100, $150 and $250, or the Zim dollar equivalent, respectively.

Chairperson of the National Incomes and Pricing Commission, Godwills Masimirembwa said that charging rent in foreign currency should end with immediate effect.

He said: "We are going to take stern measures against unscrupulous landlords who are charging exorbitant rentals at the expense of consumers."

Property analyst Matthias Kufandirimbwa said the increase in rentals was mainly caused by the ever-increasing demand for accommodation in urban areas, especially in high-density suburbs.

(posted on news24.com)