Zim braces for bond notes demos

HARARE - As President Robert Mugabe battles to heal the widening rifts in his warring Zanu PF, including his stunning fallout with restless war veterans, the nonagenarian faces a major new headache in the form of a planned massive demonstration in Harare tomorrow by pro-democracy activists, toyi-toying against the imminent introduction of bond notes.

This latest mass action against the long-ruling Zimbabwean leader and his under-fire government comes as thousands of unemployed university graduates, some of whom are trying to eke out a difficult living as street vendors, also plan to protest in the capital tomorrow — demanding the 2,2 million jobs that Zanu PF promised in the run-up to the hotly-disputed 2013 national elections.

A member of pressure group Tajamuka/Sesjikile, Slyvanos Mudzvova, said yesterday that the pending introduction of the much-criticised bond notes would be resisted robustly, going on to describe the notes as “bond paper, which is not money”.

“You can’t pick up a bond paper and print it and put it on the same value with the US dollar.

“That is why I am saying on August 3, let’s meet at corner Julius Nyerere and Jason Moyo and march to the ministry of Finance and tell Patrick Chinamasa’s office that we reject his bond tissues.

“He must use them himself in the toilet.

“To you retailers, have you forgotten that your shops were once left empty and you had no business to do, while vendors could not buy staff to sell and commuter omnibus conductors and drivers had nothing to show for their daily works as the bearer cheques we were using had become worthless?

“That is why we are saying no to all this,” Mudzvova said in a recorded video message to Zimbabweans.

Tajamuka/Sesjikile, together with #ThisFlag leader, clergyman Evan Mawarire, have over the past few weeks been leading campaigns aimed at forcing Mugabe and Zanu PF to stem Zimbabwe’s deepening rot — mounting a massive general strike last month which shut down the country as thousands of workers heeded their stay-away call.

The popular cleric was later arrested and arraigned before the courts, before being set free. However, authorities say they still want to interview him, with the intention of slapping him with fresh charges.

Mawarire is currently holed up in South Africa where he has taken temporary shelter, fearing a return to Zimbabwe where Mugabe, on two different occasions, threatened him with unspecified retributive action.

Tajamuka/Sesjikile spokesperson Promise Mkwananzi, whose organisation has given Mugabe an ultimatum to leave office by the end of this month, told the Daily News that tomorrow’s demonstration was “a sign that Zimbabweans have had enough of Mugabe’s ruinous policies”.

He also described the move by the government to introduce bond notes in October as “nonsensical”.

“We want to demonstrate as citizens to put a stop to the bond notes nonsense that the Zanu PF government wants to impose on the people. The people have long rejected the bond notes and the government should comply with what the people say,” he said.

Zimbabwe has for the past few months been reeling from severe cash shortages that analysts blame on gross mismanagement by the Zanu PF government, as well as the country’s dying economy.

As part of its desperate measures to mitigate the situation, which economic experts say is tantamount to papering over the cracks, the Reserve Bank of Zimbabwe announced a few months ago that it would introduce the much-disliked bond notes before the end of this year.

In an update last week, the RBZ said it had covered a lot of ground in preparation for the introduction of the bond notes.

“All I can say is yes, October is still the introduction date. The process is not just printing, it also involves design. So, we are well on track,” RBZ deputy governor Kupukile Mlambo told the Daily News without stating the exact stage which the central bank had reached in the design and printing of the notes.

At the same time, former Vice President Joice Mujuru is also taking action to stop the introduction of the bond notes, which she says will further impoverish ordinary Zimbabweans who are suffering as a result of the government’s bad policies.

Zimbabwe has recently experienced riots and protests as emotions have boiled over the deteriorating economic environment in the country. Analysts also predict that things are likely to get worse when the bond notes are introduced in October.

Yesterday, the MDC — which is also planning to roll out its own protests over Mugabe’s continued stay in office — said Zimbabweans must not allow the introduction of the bond notes to happen. “The MDC wholeheartedly supports and indeed endorses any peaceful political and or legal action that is being taken by other opposition political parties and civic organisations in exerting pressure on the insipidly corrupt and politically bellicose and decadent Zanu PF regime.

“We will achieve far much more together as a united and focused organisation rather than as little, unco-ordinated and misfocused splinter organisations,” MDC spokesperson Obert Gutu said.

The bond notes demonstration tomorrow will coincide with a planned protest by unemployed university graduates.

The Zimbabwe Coalition for Unemployed Graduates (ZCFUG) was yesterday distributing fliers on the streets of Harare, urging ordinary Zimbabweans to join their demonstration.

“Employment for all, payment of civil servants’ salaries in instalments should stop. Corrupt government officials should be arrested now. The import ban should be lifted and grants (at tertiary institutions) should be restored now,” ZCFUG said.

Tajamuka and other groups including the church are also calling on Mugabe to step aside and make way for a transitional authority to put the country’s economy back on track.

Mugabe, in power since 1980, is facing the biggest challenge of his political career, amid swelling public anger and a nasty fallout with former freedom fighters, the bulwark of his rule for many years.

The ex-combatants last month issued a damning communiqué ending their relationship with their patron, in a move which rocked the nonagenarian and Zanu PF to their foundations.

The panicking government has responded to this by swooping on the war veterans’ leadership, in a brutal crackdown which has drawn outrage and widespread condemnation not just in Zimbabwe, but also around the world.

Last week, armed detectives stormed the residence of war veterans spokesperson Douglas Mahiya looking for the forthright freedom fighter, who later surrendered himself to the police after learning that cops had ransacked his house and held his family hostage in the process.

Mahiya spent five nights in prison before he was finally granted bail yesterday, on charges of insulting Mugabe.

And as Mahiya was gaining his freedom, war vets’ secretary-general, Victor Matemadanda, who was at court to show solidarity with his fellow comrade, was arrested by detectives on charges yet to be established — although lawyers suspect they are linked to Mahiya’s case.

Comments (21)

This fucken fuck fucked up fucken govt is useless.

Nogovt - 2 August 2016

Is there hope for the ZANU PF government? Will they consider ven at this late hour the impact of their policies on the people? Do they enjoy the suffering of the people in some hedious Satanic way? I think there is still hope for the country. The President can still manage change embrace his compatriots and work together for a better Zimbabwe. Bond notes are not a solution Mr Chinamasa et al.

Viva Unidade - 2 August 2016

have those planning protests against bond notes done any consultations to ascertain if the population will reject them?i for one want those bond notes to ease my transactions locally,such issues should not be used by political opportunist,the likes of tajamuka to create anarchy and build political careers,the millions of zimbabweans in the rural areas are not interested in the greenback like the urbanites,all they want is a currency they can trade in

truth - 2 August 2016

truth u are an idiot as usual who told u rural people dont want the green back thats a zanu pf myopic mind that sees everyone kuruzeva as theirs manje wait and see this coming 2018 they will b shocked to the grave u get it untruth

jonathan mphoko - 2 August 2016

What you are saying Truth could be true to an extend,it does easy transactions for a shot period of time then after a while when you guys are done mopping up the $US everything crumbles for the rura folks and you will not be shot excuses,it will be Blair and Tsvangirai to blame

ZIGGY ZIGAWO - 2 August 2016

What you are saying Truth could be true to an extend,it does easy transactions for a shot period of time then after a while when you guys are done mopping up the $US everything crumbles for the rura folks and you will not be shot excuses,it will be Blair and Tsvangirai to blame

ZIGGY ZIGAWO - 2 August 2016

There is no country that can develop socio-economically using another country's currency. Where are the economics and finance experts? How can the Doctors and professors in our our universities just keep quiet and allow pastors and the Tajamukas say all sorts of nonsense on such important issues? Mugabe should review the contracts of these Vice Chancellors they are sleeping on the job.

ADF - 2 August 2016

Bond notes introduction, the results: 1. Borrowers will find it cheaper to pay their debts especially municipal and electrical. Government will bring salary payments up to date 2. ZESA, after receiving payments in local currency will have to re-introduce load shedding. 3. Municipalities will struggle to pay for water chemicals, refuse trucks etc leading to poor service delivery. 4. Trading in bond notes resulting in brisk business for the usual suspects, the untouchables. 5. Shops will be unable to re-stock using the local currency leading to progressive shortages and black markets. 6. Government revenue will fall in real terms. The bulk of tax payments will be made in local currency. It followers that after providing for inescapable critical foreign missions and trips we will have less money for hospitals, education etc. 7. The Beitbridge to Chirundu dualisation will have to deferred. The Zimbawe bond dollars will not be able to finance the project. 8. Inflation - the Zimbabwe Bond dollar prices will escalate. 9. Savings and pensions will once again the wiped out. Let us hear from the economists.

Viva Unidade - 2 August 2016

We have had enough of people giving their opinions on issues nagging our country brought about by Zanu-PF misrule. I think now is the time for action because the message to every Jack and Jill was long delivered. Everybody (except one who calls himself truth) agrees and is aware who our enemy is , he who causes the suffering in our country naturally bestowed with riches to enable every citizen to live a decent life. The longer we shilly shally the worse it becomes for us. There is nobody , no system , that cannot not be got rid of if all what he/she/ it stands for is to negate our wishes and prolong our suffering for the sake of protecting his/her iil-gotten wealth.

Masamba Akareyo - Tanganda - 2 August 2016

Ebagum Trebor is the maddest and baddest of backwards spelt Yorkshire Presidents. I have been lucky enough to visit this Country several times in last few years. The people deserve far better... Start with an economist....?

mad mad john... - 2 August 2016

I really do think that niether of the candidates are worthy of the position. They are both corrupt and cannot be trusted. With regard to the money and the bonds... The Mugabes for starters should have their bank accounts frozen and the money put back into the Zimbabwean coffers...not their own overseas bulging accounts. They have robbed the country blind resulting in all of this anarchy...enough is enough !!

Rozanne Winter - 3 August 2016

These one day stand offs with Mugabe wont yield anything ,Lets have all mother of toyi toying calling for Mugabe to step down if it means going for months let it be till we get what this country want and that is Mugabe not in control of us . Fully blown dictators like ours would never go by mere one day calls for him to go bcoz dictators never listen and will never listen to people . We have nothing to loss in two or three months stand off sorting out the rubbish that is in out country which is going to make us a better nation again .

Diibulaanyika - 3 August 2016

How can a Govt print its own Notes and say its equavalent to US$ without involving the owners of the currency? They are saying Bond Notes are equal to US$ NOTES, basing on what? the US Government and AfroExpoImpo Bank must be in agreement with this arrangement first and acknowledge this openly to the people of Zimbabwe that they accepted that arrangement, then we as Zimbabweans can accept Bond.Without clear communication we as Zimbos will not accept this Bond

Hapaz Hapanyengwi - 3 August 2016

we are fed with this govmnt of thiefs mugabe and friends should leave

trembled - 3 August 2016

It is not really about the bonds notes but rather to put an end to Zanu PF misrule. We know we need our own currency but not under this government which is full of greed. New government, new local currency, no problem.

Wali - 3 August 2016

@Daily News, fresh news please, things are happening and you dont even have anything next to latest?

SaManyika Chaiye - 3 August 2016

@SaManyika chaiye,just get yourself a copy of the manica post and shut up

jojo - 3 August 2016

@ truth a.k.a untruth, so creating play-play money will ease the current economic crisis? Are you for real. Please tell us what happened to bearer checks and tell us if the so-called bond notes are not the same thing with just a different name. When bond notes come you will be able to trade with them for the first month or so and when stock from shops/pharmacies etc is finished what currency will you use to re-stock? Please stop lying to yourself!!

Wide Awake - 4 August 2016

pamberi ne regime change

saru - 5 August 2016

@saru Pamberi !

TruthSaid - 5 August 2016

Bond notes are not the solution to the crisis we are facing. The problem will worsen because the value of the currency depends on the GDP and growth of the economy. The BOP will have a serious deficit. An economic union may work better for this country. Economic policies are not favourable for investment which will help the economy.

Father Kufa - 7 August 2016

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