President Emmerson Mnangagwa
going after the foreign currency dealers with all guns blazing!
“As we work towards
improving and stabilising the flow of foreign exchange into the productive
sector, we must at the same time ensure and enforce discipline in the market,”
he wrote in an article in Bulawayo 24.
“This means everyone must play to rules and norms, including respecting the laws of the land.
“Sadly, events of the past two weeks have shown this is not so. Not everyone is playing to the rules. Partly because of wanton illicit currency deals happening in what is known as the black market, our economy has been disturbed.
“We have suffered massive market failures, manifesting in complete collapse of the pricing framework for virtually all commodities, regardless of import component. There has been a run on the bond note.”
“This means everyone must play to rules and norms, including respecting the laws of the land.
“Sadly, events of the past two weeks have shown this is not so. Not everyone is playing to the rules. Partly because of wanton illicit currency deals happening in what is known as the black market, our economy has been disturbed.
“We have suffered massive market failures, manifesting in complete collapse of the pricing framework for virtually all commodities, regardless of import component. There has been a run on the bond note.”
What is so annoying
about all this is the foreign currency shortage is just a manifestation of a
bigger underlying problem which the regime is refusing to acknowledge. This is
being penny wise but pound foolish!
It is all very well
for President Mnangagwa to talk about “everyone must play to rules and norms,
including respecting the laws of the land.” The heart, body and soul of
Zimbabwe’s economic and political problems all emanate from he and his Zanu PF
junta not playing to rules; they are above the all the laws of the land; they
are a law unto themselves.
Zanu PF blatantly
rigged the recent elections in total disregard of the laws to ensure free, fair
and credible elections. No one is going to be fooled by someone who stages a
military coup, gets the Con-Court to declare that legal, rigs elections and get
Con-Court to declare him the winner masquerading as the champion of the law.
Zimbabwe is pariah state ruled by corrupt and vote rigging thugs. This has far
reaching ramification to the country’s hopes of economic recovery than a
foreign currency dealer.
The root cause of
Zimbabwe’s foreign currency shortages is we are spending more forex paying for
imports than we earn from exports. 38 years of gross mismanagement and rampant
corrupt under this this one-party Zanu PF dictatorship has destroyed the
country’s commerce and industries, agricultural sector, mining sector, etc.
forcing unemployment to soar to dizzying height of 90%. We are now a nation
that produces every little and imports almost everything!
We need to revive
our economic production to reduce imports and increase exports.
By rigging the 30
July 2018 elections Zanu PF has destroyed our chance of reviving the economy
scared away the would-be investors who cash injection in needed to kick-start
the comatose economy. Investors do not do business in pariah state ruled by
corrupt and vote rigging thugs!
It takes a thief to
catch a thief has a new twisted meaning. In Zimbabwe we have hardened criminals
guilty of wholesale looting of the nation’s resources, military coup, vote
rigging, over 30 000 cold blooded murders, etc. – all high treason stuff - using
all state machinery to catch petty foreign currency dealers. Big deal!
The people of Zimbabwe are desperate for change, change that will end their economic problems of 90% unemployment, cash shortages, shortage of basic commodities, collapsed basic services like running clean water and health care, etc., etc. For the last 38 years they have watched in disbelief and helpless despair as things got from bad to worse year on year.
ReplyDeleteWith unemployment a dizzying 90%, with 75% of the population now living on US$1.00 or less a years, etc. the pressure is now on for the people to redouble their efforts and make sure there is MEANINGFUL change. The economic meltdown is causing so much human misery it is now threatening to undermine the very fabric of society. Zimbabwe is on the edge of economic collapse and political chaos. There is a real danger of Zimbabwe sliding into another Somalia, Libya, Syria, Iraq or anyone of the other nation that failed to bring about meaningful change and drifted beyond the point of no return.
Real change is not going to come from an illegitimate regime harassing petty foreign currency dealers but from forcing the regime itself to step down. Zimbabwe's mounting economic problems are not going to end even if all financial transaction are at the official 1:1 for the US$ to Bond Note. There will only end when the country stop being a pariah state.
It is not the petty forex dealers we should be after but the corrupt and vote rigging thugs who are ruling the country and have done so these last 38 years WITHOUT the mandate to do so.
“Do people eat human rights laws written in a statute book somewhere? People eat food and not some fancy Western-styled model of human rights. Mnangagwa has to get at these thieves and deal them a sucker punch," said Obert Gutu.
ReplyDelete"This is not (the) time for playing around…The majority of Zimbabweans are suffering as a direct result of these selfish and corrupt currency manipulators. These people deserve absolutely no mercy.
Let them cry out and allege that their so-called human rights are being trampled upon, but then who cares as long as the living conditions of the majority of Zimbabweans are going to be improved?”
This is music in a ruthless tyrant like Mnangagwa's ears!
For a lawyer, Obert Gutu should know that no one can ever be convicted of breaking a law that does not exist. Even Mnangagwa himself acknowledged that he needs to craft a law defining what constitute illegal foreign currency dealing.
Poor Obert Gutu is desperate for the political limelight he is now doing anything to get it!
Even if there were existing laws and the forex dealers have broken the law surely it suffice to say let the law take its course and let the punishment suit the crime! There is no need for all this over the top "People eat food and not some fancy Western-styled model of human rights"! posturing.
Worse still these forex dealers are not really the primary cause of the country's problem; Mnangagwa and his junta are the elephant in the room here. The corrupt and vote rigging thugs are pleased to see all attention focus on the petty criminals whilst they guilty of high treason walk scot free! Village idiots like Obert Gutu should just shut up, the last thing we want is have these murderous Zanu PF thugs believe human rights are irrelevant!
If anyone had doubted that Mnangagwa was anything else but Mugabe mark 2, all doubt shout have evaporated when the regime rigged the recent elections. Zimbabwe is a pariah state and no one in his/her right mind would ever want to invest in a pariah state.
ReplyDeleteZimbabwe will never get out of this mess without first dealing with the problem of the dictatorship. Mnangagwa and his junta must step down now. If the regime stays in power till 2023 elections we can be certain of one thing - they will rig these elections too just as they have rigged all past elections.
Reserve Bank of Zimbabwe Governor John Mangudya dismissed four of his senior staff members on Monday afternoon through a notice dated the following day Tuesday 23 October.
ReplyDeleteThe four should just say they were raising the money for Zanu PF activities, the former Tertiary Minister Jonathan Moyo said that and he was off the hook! In Zimbabwe anything you do to help Zanu PF rig the elections is legal. Of course, that did not help Moyo when the fighting took the factional turn - he was very lucky to escape. He escape with his Princess Fiona and now twits from Shrek’s “far away lands”!
Zanu PF is imploding and sinking into the abyss but if we do nothing to decouple the party from Zimbabwe, the country, Mnangagwa will drag the country and the rest of us with him. If he and Zanu PF are not going to rule Zimbabwe then there will be no Zimbabwe. "Shaisano!" as one would say in Shona.
FUEL consumption in the country has gone up by 100 percent in recent months, the Minister of Energy and Power Development, Dr Joram Gumbo, said yesterday.
ReplyDeleteIn an interview, Dr Gumbo said the new dispensation had brought about business confidence which has seen a surge in demand for fuel.
Let us assume the Minister is right, then all we can say is the newly found confidence has taken a KO punch from the ongoing fuel shortages. Now the truth is coming out that the new dispensation was all a clever marketing gimmick, Zimbabwe is still a pariah state ruled by corrupt and vote rigging thugs!
PRESIDENT Emmerson Mnangagwa's patience with the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya could be wearing thin, NewZimbabwe reported. Mnangagwa has failed to hide his annoyance with his incompetent lieutenants who have failed to rein in the parallel currency market that has continued to wreak havoc in Zimbabwe.
ReplyDeleteMnangagwa said everyone must play according to rules as economic saboteurs face imminent arrest.
The President said those who walk through the straight and narrow need not fear.
The begging question is has the President himself walked “the straight and narrow” path himself? He is the man who blatantly rigged the recent elections and eight months earlier was the ringleader of the military coup. In case anyone should ever forget, Mnangagwa was Mugabe’s chief enforcer and he was the one behind all the corruption, vote rigging and wanton violence including all the harassment, beating, rapes and murderers.
This Zanu PF regime has murdered over 30 000 innocent Zimbabweans in its 38 years of tyrannical rule. Seven of the latest victims were shot died just two days after the rigged 30 July 2018 elections.
Mnangagwa can wag his accusing finger at Mangudya all day but the latter can snort back “I stole money and not elections and, worse still, innocent human lives!”
The noise about coming up with new regulations to protect Zimbabwean masses from rising prices is ringing louder. Leadership is considering harsh measures that are unrelated to the underlying causes to halt the price increases. Heavily regulated government however, is inherently unstable and will eventually collapse under the weight of its own internal contradictions and intrigues, for it will violate the natural order of things. Natural law is the body of rules that species must follow to live and work in peace and harmony - no physical harm or damage to another's work and property; honour obligations or contracts with others; and compensate those who feel they have been harmed.
ReplyDeleteSo the RBZ was back to its dirty tricks of printing money to cover for its economic mismanagement! These RBZ managers were helping themselves to some of the suit cases full of illegally printed Bond Notes. President Mnangagwa must know about these midnight money printing assignments!