Mnangagwa warns of further bumps along the road


0

President Emmerson Mnangagwa today said he was aware that many Zimbabweans will have a difficult Christmas but he encouraged Zimbabweans to be patient, resilient and to work harder in collective unity to create a better, democratic and prosperous Zimbabwe.

In his Christmas message, Mnangagwa said there was so much more to be done and would be further bumps along the road.

“There is so much more to be done & there will be further bumps along the road. I am aware that many will have a difficult Christmas. I encourage all of us to be patient, resilient & to work harder in collective unity, as we create a better, democratic & prosperous Zim,” he said.

Zimbabweans are facing one of the toughest periods but it is nothing compared to the crisis of 2008 when people had loads of money but nothing to buy. Prices were adjusted at least three times a day.

Prices this year rocketed after the Reserve Bank of Zimbabwe reintroduced foreign currency accounts and Finance Minister Mthuli Ncube introduced a two percent transaction tax.

The bond note, which is supposed to be at par with the United States dollar, and is not regarded as a currency, plunged against the dollar peaking at 9:1 before regaining its strength to 2:1. It is now around 4:1.

When Zimbabwe demonetised the Zimbabwe dollar in 2015 one US dollar fetched 35 quadrillion Zimbabwe dollars.

Although Mnangagwa is optimistic about recovery, the business sector seems subdued and has complained that there is chaos because there is no one in charge.

Businessman and economist Eddie Cross has suggested six things Mnangagwa should do to get the country back on track.

(309 VIEWS)

Don't be shellfish... Please SHARETweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on LinkedIn
Linkedin
Email this to someone
email
Print this page
Print

Like it? Share with your friends!

0
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.

0 Comments

Your email address will not be published. Required fields are marked *