Categories: Stories

Mugabe a cash cow!

President Robert Mugabe of Zimbabwe is an industry. A money spinning industry. A cash cow.

If Mugabe Inc. were listed on the Zimbabwe Stock Exchange, it would probably be one of the top performers, competing with mining giant Rio Tinto whose share price has risen by 4 471 percent since the beginning of the year beating inflation which stands at 455 percent nearly 10 times.

Mugabe and Rio Tinto have one thing in common. They are both unpredictable.

Rio Tinto, like its other gold producing counterpart, Falgold, has been complaining about viability problems over the past two years, yet it has continued to post record profits.

Mugabe has been presiding over an economic crisis, and a country on the brink of collapse, for nearly six years.

He has been reported to have collapsed on several occasions, with some reports saying it was a daily occurrence at State House, but the old man still globe trots whenever he can beat the international sanctions imposed against him by the European Union, the Commonwealth and the United States.

Mugabe, who has presided over Zimbabwe for the past 23 years, is now one of the longest serving leaders in the world but he has not given any indication about when he will retire despite intense pressure both from within Zimbabwe and internationally.

Several polls have indicated that most Zimbabweans want him to retire, including those from his ruling ZANU-PF, but he continues to defy the odds.

But it looks not everyone who is calling for Mugabe to retire is genuine.

His demise, like the advent of independence in 1980 and the end of apartheid in South Africa a decade ago, would see several organisations closing down, and thousands of workers losing their jobs.

Though he has become a pain in the neck for most organisations, Mugabe is the raison d'etre for the existence of several organisations.

Some of the organisations calling on him to step down could merely be doing so because that is what they are paid to do but deep down they know that their own survival is dependent upon his continued stay.

Mugabe's ironfisted, dictatorial rule has seen the sprouting of several human rights organisations which would have no reason to exist if he exits from power.

Continued next page

(538 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

This post was last modified on June 11, 2017 10:39 am

Page: 1 2 3 4 5

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.

Recent Posts

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024

Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex

The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…

April 25, 2024