BCC hikes stands prices

THE Bulawayo City Council (BCC) has hiked by 50% the cost of residential stands to hedge against inflation and lifted the suspension it had imposed on prospective homeowners buying stands using RTGS dollars.
The local authority suspended the sale of housing stands in December 2018, owing to the volatile and unstable economic environment following the removal of the 1:1 United States Dollar to RTGS/bond note parity.

In March, council approved a pilot project to sell new stands in foreign currency, starting with Selborne Park, a development that was condemned by residents as discriminatory.

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