Who is right? Daily News or Gumbo?


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According to the Daily News, Energy Minister Joram Gumbo lied to the nation when he said Zimbabwe had the cheapest fuel in the region.

At $1.38 a litre Zimbabwe has the most expensive fuel, it said.

Angola, an oil producer, had the cheapest fuel in the region at $0.52 a litre.

Mozambique had the second most expensive fuel at $1.12, followed by South Africa at $1.04, Namibia at $0.93, Swaziland at $0.92 and Botswana at $0.87, the paper said.

But who is right, the Daily News or Gumbo?

The Daily News is right if you buy the fiction that the bond note or electronic money and the United States are at par.

Gumbo is right if you buy the reality that that $1.38 electronic money or bond notes is now at most $0.46.

(310 VIEWS)

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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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