My Dear People
The catastrophic governance failures of the Scarfmore-led dispensation of poverty, darkness and confusion was yet again laid bare last week with retailers telling parliamentarians of the ordeal of operating in an environment riddled with ruinous policies that have no correlation to market logic.
OK Zimbabwe company secretary Margaret Manyuru told lawmakers that they had closed some supermarkets because the business environment has become difficult due to the plethora of operating licences as well bureaucratic obstacles.
Retail organisations told parliamentarians that more than 60% of their members have no stock largely due to the manipulated exchange rate imposed upon them which defies common business sense.
The presentations by the retail sector to Parly of the crisis that has beset them make the likes of Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe governor John the Second look rather silly after their claims that the implosion in retail sector is as a result of the failure of the management of these retail outlets to run their businesses.
These ridiculous claims by Mthuli and John the Second show the penchant by the monetary authorities to blame everyone but themselves.
It seems that apportioning blame has become a reflex action for these boneheads.
Former Confederation of Zimbabwe president Busisa Moyo clearly exposed the paucity of these preposterous claims when he pointed out that he could not fathom that the same business leaders and entrepreneurs that were setting businesses in the 1990s and early 2000 and the new entrants in various sectors post dollarisation have all suddenly gone rogue, or been hit by a demonic wave of incompetence in the last three years or that their business qualifications have become obsolete. Hear hear!!!
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Munopengaaa!!!
The central bank has bemoaned the practice of businesses and individuals keeping money in cash deposit boxes and not banking it saying the practice deprives the economy of the much needed liquidity.
This is rich coming from an institution that has shortchanged the country’s citizens through lies and deception.
Why on earth would someone bank United States dollars when that money will be eroded by bank charges?
What guarantee is there that the United States dollars will not overnight be coveted into useless local currency at the behest of a statutory instrument?
There is absolutely no confidence in the Reserve Bank especially after it devalued the funny money known as Zimbabwe Gold(ZiG) by nearly 50% after having assured the country’s citizens of its stability of being backed by tonnes of gold and millions of dollars in foreign currency.
I also could not help but chuckle at the announcement by the central bank that it will redesign the ZiG banknotes to improve their quality and durability.
Talk about majoring in the minor!!! The issue is not about redesigning these bond paper banknotes but putting in place measures that instill confidence in the funny money.
A good start would be to extend the use of the ZiG to purchasing fuel and passports.
However, I am not holding my breath that this will happen under this corrupt and incompetent lot.
Munopengaaa!!!
Corruption continues to worsen under the so-called Second Repubric as evidenced by the global Corruption Perception Index (CPI).
The country scored a paltry 21 points out of 100 in the latest index down from 24.
That this has occurred at a time Scarfmore has put in place not one but two anti-corruption bodies with one of them in his office shows that there is no appetite whatsoever to effectively tackle the scourge.
The riff-raff that has replaced the telescopically foresighted and wisdom imbued Gushungo has gone on an orgy of looting with millions of dollars embezzled as exposed by the auditor general’s report.
The revelation by the prosecutor general Loice Matanda Moyo that the country loses a staggering US$1,8 billion through corruption is a shameful indicator of how corruption has become part of the nation’s fabric under the Scarfed One.
This is why there is very little buy in, except by the gullible, to the claims by the Scarfmore regime that sanctions by the United States of America is the main reason why the country has become an economic backwater.
Not to be outdone in the sleaze stakes has been the Harare City Council run by mostly members of the opposition party Citizens Coalition for Change (CCC).
A commission of inquiry has exposed among other things obscene salaries and allowances being paid to senior council officials, embezzlement of millions of dollars with no report of the theft to the police and a flawed procurement process at a time the city council has failed to provide basic service such as waste collection for paying ratepayers.
That even Harare Mayor Jacob Mafume has also been caught up in allegations of flouting procedures for self-aggrandisement is an indicator of just rotten how the Harare City Council has become.
With corruption on such a scale by both the regime and the opposition, the CPI of just 21 seems conservative!!!
Munopengaaaaaaaaaa
Stop It!
Dr Amai Stop it! PhD (Fake)
