By A Correspondent

In a surprising admission, hardliners from Zimbabwe’s ruling party, Zanu PF, have acknowledged that rampant looting is a primary driver of the country’s ongoing economic crisis.

This revelation came via the Operation Restore Legacy Facebook page, which has been a platform for expressing the party’s hardline views.

In a recent post, the page stated, “Failure to bank their money is the root of this financial crisis.”

This stark recognition highlights how the decision by individuals to withdraw funds from financial institutions undermines the stability of the economy.

The post elaborated, “By choosing not to deposit their funds in financial institutions, they weaken the system’s liquidity, which in turn forces banks into informal and unregulated markets.”

The ramifications of this behavior are severe, leading to increased inflation and a devaluation of the Zimbabwean dollar. The acknowledgment of looting as a factor in the crisis is particularly noteworthy, as it comes amid ongoing debates about the impact of international sanctions.

The post continues with a defiant stance: “Hazvinei nema Sanctions izvi,” which translates to “Sanctions have nothing to do with this.”

This admission not only exposes the internal struggles within Zanu PF but also raises questions about accountability and governance.

While external factors like sanctions are often blamed for the economic woes, this statement shifts the focus back to the actions of party members and their contribution to the crisis.

As Zimbabwe navigates these turbulent economic waters, the party’s hardliners may need to reconsider their strategies and address the looting that they now openly acknowledge as a significant problem.

This shift in narrative could signal a turning point for Zanu PF as it grapples with both internal and external pressures in its quest for economic recovery.