Some people in certain sections of our society have asked why are we, as Christians in Zimbabwe, opposed to the national pledge. They are asking why Prayer Network Zimbabwe has taken the lead to rally the nation in standing up against the government policy. Some are even going further to argue that the national pledge …
The Finance Minister hardly mentioned our domestic debt position. Most of our $1.3b domestic debt, he said, was in treasury bills (i.e. government bonds) that were issued to cover the Reserve Bank debt. So, the questions many Zimbabweans are asking are: How can the government take on the debts of state enterprises, as well as …
As we have shown, the Finance Minister’s anti-trade and protectionist policies will not work. They will only lay a heavy financial burden on the people and protect inefficient state-owned companies that have no competitive advantage on international markets. The Minister’s “ease of doing business reforms” is a fig leaf to deal with high manufacturing costs. …
The Finance Minister blames the high costs of inputs for Zimbabwe’s lack of competitiveness – as if these costs somehow ‘just happened’. Let us be clear: they are the direct result of systemic inefficiencies and low levels of productivity that have been created by government policies that have little to do with “ease of doing …
Political patronage and our plummeting productivity and competitiveness Read More »
PART ONE: What the Finance Minister means by ‘competitiveness’ – and what it really means The Finance Minister’s ingratiating praise of his boss, His Excellency the President, Cde R.G. Mugabe, came with this quote. “We can swim with the current, but on matters of Principle, we should stand like a rock.” Given the wheeling and dealing …
The need to issue bond notes is ZANU(PF)’s latest desperate attempt to prop up an economy that it has systematically wrecked. In its dazed Zim-Asset-in-Wonderland world, the revolutionary party is incapable of thinking outside its patronage box. It perpetuates a vicious cycle of maintaining power through violence and rigged elections to take over our national …
