Zimbabwe to subsidise public transport as inflation jumps

Zimbabwe will subsidise public transport and cut fuel duties by more than half as it tries to ease the impact of rampant inflation on its poorest citizens, according to Finance Secretary George Guvamatanga. The support will cost about $8-million a month, Guvamatanga said by phone on Monday. “A quantified, budgeted and targeted subsidy is a good subsidy,” he said. The cut in duties is expected to counteract an expected rise in fuel prices, he said.