Terrence Mawawa

Businesspeople in the ancient city of Masvingo have slammed Reserve Bank of Zimbabwe Governor, John Mangudya for failing to address the real factors affecting the country’s economy.

Speaking at a business forum in Masvingo at the weekend, the entrepreneurs said poor policies were affecting economic growth.

“The RBZ is deliberately skirting the issues that are affecting our economy.The central bank must address the root cause of the cash crisis,” said a Masvingo based transport operator.

The Reserve Bank of Zimbabwe has temporarily
frozen the issuing of US dollars for
individual customers to banks in a bid to ease cash woes.

Mangudya claims unscrupulous individuals are holding onto wads of cash,fuelling the black market in the process.