Mugabe draws fire

HARARE - President Robert Mugabe’s claim that Zimbabwe was undergoing robust economic growth was yesterday questioned by economic and political analysts.

Mugabe told delegates at the President’s Medal Shoot prize-giving ceremony at Cleveland Rifle Range in Harare on Sunday that the economy was on a recovery path.

He claimed government was going to employ several measures to further resuscitate the economy.

But some economists and political analysts dispute that finding and Mugabe’s forecast was roundly rejected by most analysts.

The economic stagnation that is becoming a recession is an exception from what is normally a strong rebound, analysts said.
University of Zimbabwe political scientist Eldred Masunungure said Mugabe’s statement was divorced from reality and an indictment on his advisors, suggesting he was getting flawed information about the true state of the economy.

“It might suit certain people, but that claim is very odd and strange,” Masunungure told the Daily News.

“It is not founded on what is happening on the ground. I do not know where the president is getting that data from. The reality is not what he is claiming.

“It is a mystery that he said that about Zimbabwe and it brings into question what type of advisors he has. Where are they taking those statistics from? It is incredulous.”

Almost one year after the July 31, 2013 poll, the economy is stagnating and the unemployment rate has remained persistently high despite a pre-poll promise to deliver two million jobs.

The administration, mindful that Mugabe’s popularity has slipped over economic concerns, has emphasised an agenda focused on jobs and growth.

Rugare Gumbo, Zanu PF’s spokesperson, insisted that Mugabe’s assessment was spot-on.

“Yes, the economy is recovering. The president is correct,” Gumbo told the Daily News.

“The RBZ (Reserve Bank of Zimbabwe) governor (John Mangudya) said the economy is recovering so how can we challenge that? As far as we are concerned, the economy is improving. Yes, there are challenges that we must confront.”

Mangudya was unreachable to clarify the Zanu PF claims.

Gumbo claimed the improvement was underpinned by a booming mining sector and an improved agricultural output.

Renowned Bulawayo-based economist Eric Bloch said although the country had witnessed a marginal economic increase of at least one percent in 17 years, it was still nothing since it was anchored on a poor-performing economy, characterised by company closures, a liquidity crunch and unemployment.

“Although we have had a marginal increase in the economy, particularly because of improvement in agriculture and mining, it is a one percent of what was already very little,” Bloch said.

“It is just slight and not meaningful. It has not improved the flow of funds into the Treasury, so we cannot be excited about that.”

Pedzisayi Ruhanya, director of political think tank Zimbabwe Democracy Institute, said Mugabe was living on cloud cuckoo-land.

“There is no empirical evidence to back what the president is saying,” Ruhanya told the Daily News.

“Maybe he is living in 1980. We may associate that with old age. The life we are experiencing and statistical data is parallel to what the president is saying.”

Mugabe claimed the recovery would be anchored on the economic blueprint ZimAsset.

The controversial ZimAsset, premised on indigenisation, empowerment and employment creation, promised to stimulate economic development by “creating value of $7,3 billion from indigenisation of 1 138 companies across 14 key sectors and more than $18,4 billion created from the idle value of empowerment assets unlocked from parastatals, local authorities, mineral rights and claims.”

The bloated 26-member Cabinet comprising mostly what critics have branded “out-of-sorts ministers” has failed to save the economy from a biting liquidity crunch.

A flurry of company closures spawning loss of employment contrasts sharply with ZimAsset.

Comments (27)

Haiwawo Mugabe ndewekutedzera here nhai vanhu we? Kubvira pandakaziva Mugabe pa Cyril Jennings Hall NDP meeting muna 1960 handisati ndambonzwa Mugabe achitaura chokwadi. He lies all the time. Mugabe knows absolutely nothing about economics. Handiti ndiye we kutuka vana Leonard Tsumba nezve “textbook economics” after which he starts talking about smoke and mirrors ZimAsset and IRBM. Why would any one listen to what the holder of the WORLD'S RECORD RATE OF INFLATION has to say about the economy? The lies propagated by these politicians from the 1960s have come back to bite them on their bottoms. The US dollar is playing havoc with the economy. Despite some in this government having economics degrees - they are clueless on what to do next. They thought running a country was a walk in the park. We saw whites creating jobs from nothing - they made the jungle bloom whereas the present crop of our black politicians suck the life out of the populace - predatory morons. If the present government ministers were running a private company they would have been fired long long time ago. They have bankrupted the country and ascribe it to sanctions! Well well, under Ian Smith Rhodesia had much much more stringent UN trade sanctions from 1965 to 1979 but still the economy was the second most prosperous country in Africa. The sanctions excuse is patently false like everything they say. Mugabe gives an impression he knows everything but the truth is he knows nothing - Mugabe is “immaturing” with age. Vana Rugare Gumbo just parrot what Mugabe says. Turning the economy around is like turning a big ocean liner around - it does not happen instantly.

Musona - 22 July 2014

We need decent and honest people in government. If you are going to lie about the reality of our economics, please don't start believing your own lies. Mr. President, could you define for us what recovering means so we can be on the same page. Mr Gumbo says because the RBZ governor declared the economy is recovering so we can not challenge that; really? Are these the people running our beloved country? no wonder we are so far deep in the hole. They sing praises to one another and high five each other clapping hands when they say the most ridiculously untrue and unsubstantiated claim. Zimbabwe need better, deserves better and can be better than this tomfoolery.

tino - 22 July 2014

We need decent and honest people in government. If you are going to lie about the reality of our economics, please don't start believing your own lies. Mr. President, could you define for us what recovering means so we can be on the same page. Mr Gumbo says because the RBZ governor declared the economy is recovering so we can not challenge that; really? Are these the people running our beloved country? no wonder we are so far deep in the hole. They sing praises to one another and high five each other clapping hands when they say the most ridiculously untrue and unsubstantiated claim. Zimbabwe need better, deserves better and can be better than this tomfoolery. Why would the president even talk about the recovery of our economy at the Cleveland shooting range were it not for the fact he wanted to impress the soldiers, something to say in front of generals perhaps so they in turn can go and shut the troops by the same lie. It is a well practised/rehearsed lie that it has become so easy to flow out of their mouths with no feeling or shame or guilty. If a head of state can one day stand in front of a nation that can not pay its workers and blame the most affected pple and then the next week declare that the economy is recovering but still gets away with such blatant disregard of facts, then thee is no need for us to even try... we are so doomed, so screwed there is no coming back...

tino - 22 July 2014

Do't work yourself into a sweat about what the President says. He lost it aeons ago!

Johno - 22 July 2014

Mugabe akaipa manzwira tsvangirayi talking about Rhodesia days achibva afunga kuti zvanzi Rhodesia yadzoka saka economy yaku recover what a shame

Dzvened - 22 July 2014

it all depends with what one calls economic recovery

nyika - 23 July 2014

it all depends with what one calls economic recovery

nyika - 23 July 2014

It seems Mugabe simply wants to take Zimbabwe into his grave. But for now he wants to create a false hope of economic recovery which will never happen as long as he rules this country.

MADZONGONYEDZE - 23 July 2014

Musona is a top commentator. Please Daily News add signs of Yes and No below comments so that we can assess the views of readers. Musona summed up the mentality of the people who unfortunately are in leadership positions in this country. If one is so mentally incapacitated to fail to see that the country is on the brink of economic collapse, it's better to run before you're forced by circumstances. No pay date for civil servants and yet you claim there is economic recovery! My foot!

Nkosi Mambo - 23 July 2014

Tine Mishonga yechivanhu inowedzera nguva pabonde kuti irebe, inokudza nhengo dzana baba, inosimbisa musana, inopedza zvirwere zvepabonde, inorapa asima, zvirwere zveshuga uye newekuuchika unoita kuti pamuviri pabate. fonai pa 0737286007.All herbs does not have side effects and comes from Malawi. Free deliveries in Harare and outside we can send through swift

CHIREMBA - 23 July 2014

The only reason he says the economy is recovering is because "their" pockets are getting fatter and fatter. That, to him / them, is all that matters. Despicable and utterly rotten to the core!!!

Bee - 23 July 2014

I do admit that musona seems to exhibit sound knowledge of our local history especially post 1940s politics. Obviously most of us were not born yet and as such would not have known what was happening then save for text book history. However, i do not see the need for us to cede governance of our country to the english. I would argue that given a chance there are local people who can do the job very well. In my view that time will come by one of the day. And that be my prayer. Zim for zimbos and England for the Anglo Saxons.

taurai - 23 July 2014

The Dear leader is always sleeping so most of the things forgive him he will be dreaming.

Maita Manyuka - 23 July 2014

Maize production is up at least 20% Tobacco Production is up at least 30% Gold Production is up at least 10% Platinum Production is up 15% Tourism arrivals are up 10% Sugar Cane Production is up 10% These are some of the signs of recovery but bcause if stryctural deficiencies in the economy a lot of this growth is swallowed by our huge trade&current account deficit hence low revenue trickles into the gvt fiscus and down to the common man..However if certain fundamentals are addressed and FDI and foreign donor funds are availed much of this growth and recovery will trickle down to the common man....It is not all doom and gloom...We are on the right track!!

wezhira wezhara - 23 July 2014

He sees things in reverse after all he is 90 what would you expect from someone living in the land of the dead!!

Andy - 23 July 2014

A day ago Chinamasa admitted the use of multi-currency regime was damaging for the economy. Chinamasa told a parliamentary committee on finance a day ago, “The migration from hyperinflation to multi-currency did a lot of damage to our economy. It pitched our cost structure too high and unsustainable”. Which means US dollar yaramba, Zim dollar yakaramba saka what is the next move? Handiti ndokukundikana kwe hurumende uku? Why not resign and let others try? Are they hoping for a miracle? Economy inogonzi “it is recovering” when some people haven't been paid for years? Chinamasa is just running around like a headless chicken issuing uplifting rhetoric not backed by any facts. Mumba mune nzara. Tinoda kutongwa ne vanhu vanoziva kutonga kwete zvamurikuita.

Musona - 23 July 2014

Wanted: Internet workers. Earn $1500-2500/month working part time on internet. Dear Friends, Are you interested in making $1500 to $2500 per month with a part time job? This is not a get rich quick scheme. This is a legal opportunity to earn money online when you do it as a part time job. This opportunity is a proven way to make $1500 to $2500 per month, no matter where you live. There are already 1,200,000 people around the world who grabbed this opportunity and are making tons of money every month. If you are interested to know more about this opportunity, visit http://www.earnparttimejobs.com/index.php?id=5133437

Vulle - 23 July 2014

VaMusona hameno imimi ini handini kutongws nemunhu ndinoda kutungamirwa.

zimbabwean - 23 July 2014

Imi maddhara ezanu itai serious nenyika yawamamvemve iyo zvekuti economy iriku recover murikuzviona kupi isu tirikudya nhoko dzezvironda, no jobs no nothing, those few enterprises which 're operating 're failing to pay workers in time nekuti zvenyu zvakabhadhara kare hapana chamunoona. mwari pindirai vanhu waya watanga.

More Fololo - 23 July 2014

Now u hev to shut up your mouth talking abaout zim asset zim asset, there is nothing like zim asset its Zim damagecoz u're damaging the country takatarisa.

More Fololo - 23 July 2014

Now I see why RMG is the holder of a Masters In Mass Destruction. He is also on record saying no one knows how to run this country better than him. Old age is indeed a liability.

kt - 23 July 2014

It's not your fault Mr.President but please just go. Leave alone those who falsely claim to be on the right track as they always mislead you & the nation at large.

MATAKADYAKARE - 24 July 2014

FOR SALE HP TONER CARTRIDGES 05A, 10A, 11A, 12A, 13A, 15A, 24A, 35A, 36A, 42A,49A, 51A, 53A, 55A, 61A, 64A, 70A,78A, 80A, 85A, 90A, AND MANYMORE 0772 678 311

GALLERYCARTRIDGES - 24 July 2014

The murderous despot Matibili is increasingly sounding derided,demented & delusional.Indeed the massmurderer is leaving in cuckoo land practising vodoo ,trickle down economics he learnt in Prison.Everyone knows that Matibili is an illegitimate President,he has been subverting,circumventing the will&wishes of the majority of Zimbabweans since the 1990 polls.

Dr Zvichaperachete - 24 July 2014

In our village setup, we do not listen to 90 years olds, in most cases we say, they will be beahving like todlers, so its a your peril to give an ear to our dear leader,

Francis Svova - 25 July 2014

In our village setup, we do not listen to 90 years olds, in most cases we say, they will be beahving like todlers, so its a your peril to give an ear to our dear leader,

Francis Svova - 25 July 2014

Our govt officials always run away and refuse to comment on these issues as evidenced by "Mangudya was unreachable to clarify the Zanu PF claims." they can't comment because they know nothing and know that this mess is their fault.

Joseph Gabriel - 26 July 2014

Post a comment

Readers are kindly requested to refrain from using abusive, vulgar, racist, tribalistic, sexist, discriminatory and hurtful language when posting their comments on the Daily News website.
Those who transgress this civilised etiquette will be barred from contributing to our online discussions.
- Editor

Your email address will not be shared.
 
Enter the three characters from the image on the right. This helps prevent automated 'bots' from submitting spam to the site. This field is NOT case-sensitive. If the characters are a bit hard to see, try refreshing the code by clicking the image.