By Jane Mlambo| Self-exiled former cabinet minister, Professor Jonathan Moyo has warned the newly sworn in minister of finance that his new portfolio requires him to avoid making unilateral announcements before seeking politburo and cabinet.
In a series of tweets posted late last night, Moyo predicted that Mthuli Ncube will face resistance from some Zanu PF party members who will use his past mistakes including the failure of Barbican bank against the new finance minister.
1/5 Since @MthuliNcube is finance minister as an outsider, it may please him to note these key tidbits about ZanuPF & its govt:
First, don't announce any major initiative, like phasing out bondnotes, before it's been approved by the president, politburo & cabinet, in that order! pic.twitter.com/P5LbZTRb6A
— Prof Jonathan Moyo (@ProfJNMoyo) September 10, 2018
2/5 Just like the sun will rise tomorrow, and given murphy's law, rest assured that your ZanuPF detractors will use Barbican Bank, AfDB & dual citizenship residue against you. The question is not whether they will, but when & how they will do it. You are forewarned; be forearmed!
— Prof Jonathan Moyo (@ProfJNMoyo) September 10, 2018
3/5 A minister of finance is not a technocrat but a politician. You will need political clout that comes from being a ZanuPF member, an MP and, crucially, a central committee & politburo member. If you are not these things, it's a disaster & if you are, your technocratic CV dies!
— Prof Jonathan Moyo (@ProfJNMoyo) September 10, 2018
Mthuli Ncube was appointed Finance Minister yesterday and has promised to phase out the unpopular bond notes among a raft of changes he is working to introduce in government.
Ncube who has worked for international financial institutions including African Development Bank is highly revered in the finance sector with Zimbabweans confident of his ability to turn around the fortunes of the country.