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PRESIDENTIAL Advisor Trevor Ncube’s AMH Raises Newspaper Prices

PRESIDENTIAL Advisor Trevor Ncube’s Alpa Media Holdings (AMH), which publishes the NewsDay, the Standard and the Zimbabwe Independent, has increased prices on its news citing the need “to weather the current economic storm and continue providing premium news content to the public.”

AMH says “the country has been plunged into uncertainty as things continue to escalate, with the local currency constantly losing value.”

NewsDay now cost US$1 each or ZWL$3, up from ZWL$2. The Standard’s cover price remains at ZWL$3 or US$1, while the Zimbabwe Independent will be selling at US$1 or ZWL$5, up from ZWL$4 per copy.

The price increases are with immediate effect.

“Basically, we want to stay in business and at the current pricing, we were not going to be able to print the quality news that we are known for because it is a cost in terms of gathering the news.

“This includes getting newsprint and printing the paper to put on the street to sell, of which all these costs have gone up, which are in United States dollars, which we do not earn,” AMH finance director Brian Maphosa said.

The founder and owner of AMH, Trevor Ncube, is one of the 24 members of the Presidential Advisory Council, which advises President Emmerson Mnangagwa on a wide range of issues to do with the economy.

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