Zanu PF taking people for granted

HARARE - While Zanu PF has been busy trying to put its house in order at the just ended 6th National People’s Congress, Zimbabwe’s economy has quietly been slipping deep into a rut.

After all has been said and done at a congress that many described as a damp squib, nothing apart from worsening the dire economic situation will ever change the fortunes of the ordinary Zimbabwean citizen.

What is frightening is that President Robert Mugabe, who is also the leader of the beleaguered party and his bootlickers have demonstrated a lack of appetite to deal with the bread and butter issues, putting focus on consolidating power at the expense of an ailing economy.

The economy is currently in a mess as evidenced by the closure of 4 160 companies since 2011 up to date, sending over 55 443 employees onto the streets.

To make matters worse, the Finance minister Patrick Chinamasa recently presented a $4,1 billion budget for next year, with $3,32 billion or 81 percent going towards recurrent expenditure, particularly employment costs thus crowding out pressing needs — particularly to do with economic revival and infrastructure development.

Instead, what we have seen over the past week is real appetite to engage in political mind games in the current Zanu PF succession issue and this has haemorrhaged an already faltering economy.

Zimbabweans are already being taxed to death as the financially-strapped government is hiking taxes in a desperate bid to boost public finances.

Indeed, Zanu PF has failed dismally in its quest to provide solutions to long suffering citizens as little value has been gained to tackle the country’s economic quagmire.

ZimAsset promised to generate 2,5 million jobs, construct 250 000 low income houses, a growth rate of nine percent, 310 new public schools and 300 more clinics up to 2018, but the blueprint is currently lagging behind.

What Zimbabwe needs now is the capacity to be able to attract enough capital to enable key sectors such as mining, manufacturing and agriculture to start ticking.

Comments (1)

Professional Consultancy: Tax clearances, company registrations, shelf companies, CR14, company profiles/business plans, VAT registrations, Vendor Number registrations, SPB (tender board) registration, Accounting and Bookeeping. 0771 419 294

Global Cons - 15 December 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.