Correspondent|Cabinet Minister Professor Jonathan Moyo has sensationally claimed that Finance and Economic Development Minister Professor Mthuli Ncube’s plans to dump President Mnangagwa’s administration are now “at an advanced stage.”
This comes as Prof Ncube labelled as fake news reports by Zimbabwean media on Thursday that there are simmering fights between the Finance Minister and the Reserve Bank Governor John Mangudya over the re-introduction of a new currency.
“It’s fake news,” was all Mthuli Ncube said, tagging in a Zimbabwe Independent article.
At that point, self-exiled Jonathan Moyo responded saying “something is afoot.”
Said Jonathan Moyo: “Historic comment. Something is afoot. Is there any merit to the talk in high places that your plans to do a Nkosana Moyo have reached an advance stage?”
In 2001, Dr Nkosana Moyo was the Minister of Industry and International Trade in then-President Robert Mugabe’s government.
He was charge of the daunting task of attracting investment and reverse the economic implosion facing Zimbabwe.
But he resigned when he got frustrated that his economic policies were being crowded out by the hardened politicians around Mugabe.
Moyo then went and met Peter Longworth, the then British High Commissioner to Zimbabwe, before taking his family out.
He resigned soon as he and his family were safe in South Africa, and his resignation letter embarrassed the Mugabe government in a big way after it was leaked to the media.
Prof Mthuli Ncube is facing a daunting task. He was appointed in September 2018 with high expectations that the economy would respond positively to his appointment.
Half a year after his appointment, the economic fortunes have not reponded to Mthuli Ncube’s policies, at least in a positive way.
Inflation has spiralled out of control, with the latest figures announced by Zimstats this Friday putting it at 56,9%, a record ten-year high.
Mnangagwa has reportedly been forced to intervene in a growing turf war between Reserve Bank of Zimbabwe governor John Mangudya and his boss Ncube on the path Zimbabwe will take to deal with a deepening currency crisis.
The Monetary Policy Statement (MPS) was expected to have been delivered either in the last week of January or first week of February.
However, disagreements over proposed currency reforms has seen the MPS stall to a point that requires executive intervention.
It is these reports of infighting which have made Jonathan Moyo to suggest time might be nigh for Professor Mthuli Ncube to pack his bags and send in a resignation letter from a safe distance.
Agencies
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