Zimbabwe is again at risk of fresh protests this after the cash-strapped government announced a massive fuel price hike after the country's central bank said it would no longer provide fuel dealers with funding for petrol and diesel. According to the Zimbabwe's Energy regulating authority prices increased by 46 percent for petrol and 49 percent for diesel taking the price up just over 20 rands per litre. Violent protests rocked Zimbabwe in January after government hiked fuel prices by around 150 percent. This morning we will examine the country's spiraling economic meltdown and also discuss why the country decide to introduce a new local currency..

GUEST: Dr Peter Karungu who is a lecturer, at the Wits School of Economic and Business Sciences