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Chamisa’s full statement on prevailing economic and political situation in Zimbabwe

1.10     I know the effects of economic decay to business, to the common man, the pensioners and elderly, to our entrepreneurs otherwise known as vendors, to students- local and abroad, to local businesses and the workers.

1.11    In Zimbabwe, we now see the emergence of two classes; the looting class comprising those in positions of trust and privileged access and the looking class, of the innocent suffering observing majority who are victims. What we need is a new class of active citizens not passive citizens. A nation of leaders, not followers. A leading class to replace the current ruling, ruining class. We must all be drivers not passengers in nation building processes.

1.12    Uncontrollable expenditure is the main ailment of this government. The incumbent administration has perpetuated the historical penchant of travelling outside the country.

1.13    The national debt has astronomically ballooned. At the start of the 8th Parliament, the MDC resisted the assumption by government, of the RBZ debt to the tune of $1,5billion on account of quasi-fiscal operations.

1.14    We call for an audit of the national debt to be done urgently and be indexed country by country, institution by institution and person by person.

1.15    Today, this administration, through the new minister of finance revealed disquieting and chilling disclosures of the greedy in government. The government has added over $7 billion to the National debt in less than 5 years and $4 billion since November 2017 through treasury bills, of which we are told more than three quarters of that money went to a few people.

1.16    We call upon parliament to institute a parliamentary inquiry into the fuel gate, domestic debt and treasury bills scandal.

1.17    The 2% transaction tax is daylight robbery. This cruelty tax is an illegal and unacceptable burden on the already suffering people of this country. Let Zimbabwe be best for business not open for craziness as instigated by the corrupt rich and powerful in government. They have targeted the Lowest of the low, the poorest of the poor and the weakest of the weak. Yet exonerated and shielded are the high priests of corruption and the strongest of the strong cash barons connected to the high and mighty in government.

1.18    The 2% tax must be reversed immediately with ordinary people and business being reimbursed of their deprived value.

1.19    The agriculture season is upon us .We are extremely concerned by the lack of adequate preparation and the scant attention we are giving to our farmers. This government pays lip service to agriculture and farming. It has no resources to support farmers. Farmers need more resources. We pledge SMART agriculture.

1.20    The distortions caused by arbitrage and rent seeking activity are occasioned by the bond fiction. The bond notes must go. The nation must adopt the multi currency system immediately.

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This post was last modified on October 23, 2018 3:15 pm

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Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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