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HARARE, Zimbabwe (AP) - Zimbabwean President Robert Mugabe threatened Friday to seize any businesses that defy government-imposed price cuts by cutting production of basic goods.
The government ordered the price cuts — about 50 percent for most basic goods — last week to counter Zimbabwe's surging inflation and stop profiteering and overcharging by businesses.
Price inspectors and police have raided stores, warehouses and gas stations to enforce the order, while impoverished Zimbabweans have rushed to buy cheaper products, causing stampedes and near-riots. Some businesses have shut down, saying the lower prices have made operations unviable.
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