Gang Nabbed For Killing Soldier

A GANG of 10 men was dragged to court over the weekend after they allegedly murdered a uniformed soldier in Epworth.


Munyaradzi Motora, 25, Shakespeare Paradza, 21 Tendai Masimo, 28 Elias Ncube, 22 Maxwell Fana, 27 Trevor Musoni,28 Evans Muzvidziwa, 26 Delroy Gwaku, Sylvester Mapuvire,26 Lloyd Nyoni,19 were not asked to plead when they appeared before Harare magistrate Barbra Mateko.


The gang was answering to murder charges of Ndanatsei Nyamukondiwa whom they allegedly murdered on Friday morning as he was waiting for transport.


They were remanded in custody to July 5 and were referred to the High Court for bail application.
Allegations are that on June 21 at around 4am, the ten men were drinking beer at Reuben Shopping Centre in Epworth.


It is alleged that they got into a misunderstanding with an unidentified patron at the bar and four of them went to their commuter omnibus where they armed themselves with knives.
When they returned, the unidentified man had fled from the bar.H-Metro

Man Seeks Protection Order Against Abusive Wife


A CITY man has sought relief from the courts after claiming that his wife has been abusing him.


Godfrey Zinyama made the revelation at the Harare Civil Court where he accused his wife Rhoda Mujeyi of burning his clothes and educational documents.


He was seeking a protection order.
“She is my wife but she is in the habit of throwing away my personal stuff and tearing my clothes.


“She even burns my clothes and whenever I ask her she insults me even in front of our neighbours,” he said.


Zinyama also accused his wife of destroying household property when they have issues.
“She has been damaging my property, including the doors and the wardrobe.


“I even went further to warn her that whenever she wanted to clean the house she had to inform me first because of her actions,” he said.
However, in her response Mujeyi disputed the allegations dismissing them as lies.H-Metro

New Regulations For “Beautiful Game”

IN a bid to keep journalists abreast of new football regulations, the Sports Journalists Association Southern Region (SPOJA-S) held an Amended Football Laws workshop at Queens Sports Club at the weekend.


The workshop, facilitated by ZIFA Southern Region referees’ instructor Sabelo Sibindi, was attended by sports writers from the region.


Sibindi said journalists play an essential role in enlightening the public about the updated football laws.


“As referees we cannot talk to the fans directly, the fans rely on what the media says. It is therefore important to have journalists interacting with journalists to discuss laws of the game. That way the fans can get clear and accurate explanations of laws from the media,” Sibindi said.


Football is set for rule changes next season after the International Football Association Board approved a number of amendments and clarifications to the current Laws of the Game.


The changes came into force on June 1, 2019, although competitions starting before that date have the option to delay their introduction until the next season.


Sibindi highlighted that the updated laws of the game are hinged on player behaviour, respect and playing time. Each of the updated laws are linked to those three pillars.


Among the updated laws are players being substituted leaving the field at the nearest exit point on the boundary line unless the referee allows the player to leave quickly or immediately at the halfway line.


In order to clamp down on difficult behaviour from coaches who don’t see eye to eye with the referee or their opposite number, referees will issue yellow or red cards in the same way they do to players.State media

Christian Organization Donates Food To Cyclone Idai Survivors

Christian Care, a service arm of Zimbabwe Council of Churches has distributed food aid to more than 500 families who are victims of Cyclone Idai in Gutu, Zaka and Bikita districts.


The non-governmental organisation’s food assistance comes as a relief to vulnerable families who were in dire need of a decent meal since the Cyclone Idai disaster.

The cyclone ravaged parts of Manicaland, Masvingo provinces and neighbouring countries like Malawi and Mozambique, killing thousands of people and living some homeless.


The organisation has also planned to support the survivors with cement to re-construct their homes.-state media

Dexter Nduna Now A Vendor?

Dexter Nduna now a vendor?

Farai Dziva|Pictures of controversial Chegutu West Member of parliament Dexter Nduna sitting at a vending site, selling freezes and soft drinks have gone viral on social media platforms.

It has been reported that during his free time, Nduna sells sweets, biscuits among other items.

Many wonder if this is a PR move or a way of raising extra cash.

Army General Urges Nation To Be Patient As Economic Problems Escalate

Farai Dziva|An army general has blamed “sanctions imposed by erstwhile colonizers for the current economic crisis in the country.

Zimbabwe National Army Commander Lieutenant-General Edzai Chimonyo has said government is working tirelessly to improve people’s living conditions.

Speaking during a handover and takeover ceremony held at Headquarters Mechanised Brigade at Inkomo Barracks last week, Chimonyo said Government was aware of the challenges faced by its workers and was working on addressing them.

“ I am aware of the logistical challenges the organisation is facing as a result of illegal sanctions imposed by the erstwhile colonisers .

The Government is working to improve the general conditions of service for both the civil service and our armed and security forces and we all need to be patient.”

“For troops, you are aware that determination to wait is a key skill required in your daily operations. Besides the numerous challenges you are facing in your workplace, I am aware of your ultimate sacrifice as well as your loyalty and dedication to the Republic of Zimbabwe.

In that regard, we are fully committed to regularly review and improve your conditions of service as the country’s economy improves.”

Soldiers

Zikipa Injury Is Not Serious

Farai Dziva|Warriors goalkeeper Edmore ‘ZiKeeper’ Sibanda’s injury is not a serious one.

This has been revealed by team manager Wellington Mpandare.

The former CAPS United shot-stopper made some outstanding saves to deny the Egyptians on mumerous occasions on Friday and was replaced in the second half by Elvis Chipezeze on account of injury.

Mpandare however confirmed the injury is not a serious one, saying he expects Sibanda and other players who suffered knocks against Egypt, to be back in full contention for the Uganda game.

“We have a number of players who need to be assessed at our full training session today (yesterday), I spoke to Eddie and Nyasha and they have not been complaining about their injuries getting worse,’’ Mpandare told The Herald.

CAIRO, EGYPT

Chamisa Fires 145 Party Members

MDC Alliance leader, Mr Nelson Chamisa, has fired 145 party employees recruited by the party’s founding leader Morgan Tsvangirai as sharp divisions have emerged in the Western-funded party.

Mr Chamisa, who appointed his national executive committee members last week, has already started purging workers without giving them notice.

It is said the mistrust has been heightened by clashes in the election of provincial executive members and the recent selection of national executive council members with allegations of factionalism being the order of the day.

Insiders said that things were not well in the party because of a number of hanging issues.

A source privy to the latest development in the beleaguered opposition party said those affected served in Tsvangirai and former secretary general, Douglas Mwonzora’s offices.

“It’s true, roughly 130 to 145 employees were dismissed. The security personnel, directors, coordinators and office orderly seconded by the former, Prime Minister Tsvangirai, were fired with immediate effect,” said the source.

“Purging of workers started on Friday last week and some received their dismissal letters today. All those who were seconded to former secretary general Mwonzora’s office were kicked-out without notice.”

The source said those who have been fired have already been replaced with immediate effect.

“They have been already replaced. Chamisa has already seconded his cronies to take up the positions of those dismissed from office,” said the source.

One of the longest serving members in the party who spoke on condition of anonymity said the leadership should consider their plight.

“The MDC-A claims to be a labour party, which represents the welfare of workers yet they dismissed their employees without notice.

“How can Chamisa claim to return the party to its original strength by integrating members, while dismissing party workers who served the party since its formation,” he said.

One of the affected workers said they were yet to receive their packages and their salary arrears.

“We did not receive our packages and salary arrears as promised. We hope miracles might happen so that we can get our packages and outstanding arrears.

“I reported for duty today only to realise my office was already occupied by new staff members,” said one of the affected employees.

The party’s deputy secretary for information and publicity Luke Tamborinyoka said MDC-A is realigning its operations.

“It’s not like a witch hunt on certain individuals, as you might want to report it but we want to keep a lean workforce.

“Like any other corporate we are facing economic hardships. It’s actually a voluntary retrenchment, the workers are going to be given a package, but I can’t give you the amount,” said Tamborinyoka.

MDC-A secretary general, Charlton Hwende, confirmed the development.

“It’s an internal process. We can’t give you much details. We will give you the details at the right time or call me after ten minutes for more information,” said Hwende.- state media

Gang Raids, Steals USD 30K From House

Six men armed with guns raided a house in Bulawayo’s Famona suburb and got away with US$30 000, a gun, ammunition, a safe with an undisclosed amount of cash and a vehicle.

The incident occurred at a house along Inverness Road around 7PM on Friday.Bulawayo acting police spokesperson Inspector Abednico Ncube confirmed the incident.

“Police in Bulawayo are investigating an armed robbery that took place in Famona,” he said. A police source who cannot be named for professional reasons said the robbers ambushed the house owner (name withheld) as he was driving into his yard.

“They covered him with a pistol and ordered him out of the car. The six surrounded the vehicle. They threatened to shoot and kill him if he disobeyed their orders,” said the source.

The suspects, said the source, demanded money from the victim and indicated that they knew he had a large sum of money kept in his house. “They force marched him into his home and ransacked it.

“The robbers got away with a hunting rifle and about 15 rounds of ammunition. They stole a safe with cash. They took about US$30 000 and a Nissan 2.7 single cab pickup vehicle which they used to get away,” he said.

The news crew found the house deserted on Sunday.

Last week, six armed robbers pounced on a house in Bulawayo’s city centre and brutally attacked four people with machetes before they got away with US$6 687, RTGS$1 000, five grammes gold and three digital gold scales.

The incident happened at a cottage along Herbert Chitepo Street and 1st Avenue.

Two of the victims who sustained deep cuts on their hands and legs were admitted to Mpilo Central Hospital while two were discharged.

Police are on record advising members of the public to avoid keeping large sums of money at their homes, as the money attracts criminals.

They always advise residents to deposit excess cash in banks. – state media

Uganda v Zimbabwe :The Facts

Farai Dziva|The Zimbabwe Warriors will be back in action in their second Group A encounter at the giant Cairo International Stadium on Wednesday evening.

Zimbabwe will come against Uganda in a match they need to avoid a loss to keep their hopes of reaching the knockout round alive.

The Cranes, on their side, just need maximum points in the encounter to book a berth in the next round.

Wednesday’s game will be live on SuperSport 4A (Ch. 224) at 7 pm while build-up starts at 6:30 pm.

Warriors

“Zanu PF Officials Owe Us A Lot Of Money But They Are Untouchable “

Farai Dziva|Well placed ZESA sources have alleged that Masvingo Minister of State For Provincial Affairs Ezra Chadzamira is on top of the company’s list of defaulters.

This comes at a time the country is grappling with incessant power cuts as ZESA battles with ballooning debt.

“Minister Chadzamira’ s name is on top of the list of ZESA defaulters.

While I cannot disclose the exact figure he owes us, I can tell you that he breached a payment plan we had designed for him,” said a ZESA official.

While the exact figure ZESA is presently owed by consumers, in 2016 the power utility was owed more than $1 billion.

“In the interest of service provision, the power utility has stepped up credit control measures in order to recover the debt owed.

All defaulting business consumers in the commercial, mining, industrial, domestic (post-paid) and farming sectors are required to make payment plans in order to clear their bills within six months,” said another source.

“It is unfortunate Zanu PF officials are untouchable but they owe us a lot of money.”

Ezra Chadzamira

Harare To Declare Water Emergency

Harare City Council is set to declare the water situation a state of emergency to allow partners to come on board, as some of the dams it relies on have dried up due to drought.

The city council has already decommissioned Prince Edward Waterworks because of the poor water supplies to the station. The city is also battling to procure water chemicals due to the shortage of foreign currency.

On average, the city requires between US$2,5 million and US$2,8 million monthly to procure water chemicals.

To alleviate the situation, three companies have responded to the city’s call for alternative water treatment solutions for Morton Jaffray water treatment works.

The local authority is using a cocktail of compounds of up to a dozen to treat water.

In an interview, environmental management committee chairperson Councillor Kudzai Kadzombe said the situation had reached alarming levels, hence the need to declare the situation an emergency.

“Seke and Harava dams have dried up, forcing council to decommission the Prince Edward Waterworks, which produces over 80 million litres daily,” she said.

“The drought comes at a time pollution and a dilapidated water reticulation system are at centre stage.”

The city’s environment management committee met this week and resolved to declare the situation a state of emergency.

Clr Kadzombe has urged residents to develop coping mechanisms while lasting solutions are being pursued.

“When we get to a situation like the one we are in now, we have to be prepared as a city and as a nation to survive in that mode,” she said.

“We are going to make a full presentation at the full council next week to try and bring interim solutions such as water bowsers, sink deeper boreholes to cushion our residents from the water crisis.”

Clr Kadzombe said the long-term solution was to have additional water sources.

Harare has been facing water problems and the city recently introduced water rationing and a timetable to go with it.

The recent Monetary Policy Statement which requires suppliers to get forex at the interbank rate has also gravely affected water supply, hence the city now requires more money to purchase water treatment chemicals.

The city also said there were growing calls by environmentalists to ban urban agriculture in inappropriate places and that resources should be availed to rehabilitate sewage works in all local authorities that pollute the Manyame River, Harare included.- state media

“Decision To Ban USD Is Ill-informed”

Farai Dziva|Angry Zimbabweans have blasted Zanu PF leader Emmerson Mnangangwa and Finance Minister Mthuli Ncube for making an “ill-Informed” decision to ban the use of foreign currency as legal tender in Zimbabwe.

See some of the comments below:

Simeon Munda:It’s not practical without a legal tender.

Lucy Kotokwa:Day light robbery
LORD HAVE Mercy.

Jacob Meroh: That’s great they are campaigning for 2023 elections themselves wait and this is the beginning of the closure of shops .If it is true let us see till Monday first of july what are they going to say.

Tariro Ndoro: Ignorance is a disease. There is no economy to sustain such an ill-conceived move, and the black market will blossom. All formal and informal traders will still need forex to purchase their supplies from RSA and other countries.

The bearer’s cheque-cum-bond note-cum-RTGS is not exchangeable at any bank beyond Zim borders. Only idiots with no understanding of the real meaning of money will celebrate this stupid, naive and reckless decision by an out-of-sorts regime. Why this man calls himself president is beyond me. His days in charge are numbered.

US Dollars

We Are In Right Direction :Mthuli Ncube

Farai Dziva|Under pressure Finance Minister Mthuli Ncube has said the decision to ban the use of foreign currency as legal tender in Zimbabwe is a step towards a return to normalcy.

In a statement Ncube said :”I can say the ban on the use of foreign currency is a step towards the country’s return to economic restoration.

We implemented similar measures to protect local industry when we imposed a ban on importing selected products.”

He added :You can still keep your hard currency but you cannot use it to buy goods over the counter.”

Mthuli Ncube

MDC Describes USD Ban As Madness

Today, the nation was shocked at the gazetting Statutory Instrument 142 which basically reintroduces the Zimbabwe dollar, even in the absence of addressing the economic fundamentals to support the local currency.

Despite government’s promise that it would introduce a new Zimbabwe currency in the next nine months while it addresses the fundamentals, the regime today just ambushed the nation and reintroduced the Zimbabwean dollar as the only legal tender in local transactions. This means that the multi-currency regime, which provided some modicum of decency and predictability, has been thrown out of the window in favor of the volatile local currency that is not backed by adequate gold and foreign currency reserves.

In spite of SI 142, it is important to state that trust and confidence, which any transacting public must have before they use a currency, cannot in themselves be gazetted.

Today’s decision shows the lack of coherent, prudent and predictable policy, which is important to retain trust and confidence in a country’s economy. Policy consistency and predictability are key tenets for any economy to succeed.

It remains to be seen how the market will respond to the madness, but the knee-jerk monetary policy introduced in the dead of the night is reminiscent of the rushed decisions of this regime. The fuel price increases announced by Mr Mnangagwa himself in the dead of night and that caused a furore in the country’s economy are a case in point.

With the current madness in government, it is important to state that the people reserve their right to express their displeasure at the free-falling economy and the knee-jerk policies that those in authority introduce when they so wish.

MDC: Defining a new course for Zimbabwe.

Luke Tamborinyoka
MDC Deputy National Spokesperson

Luke Tamborinyoka

Ten (10) Implications Of De-dollarization And Introduction Of The Zim Dollar – MDC Policy And Research Dept

Miriam Mushayi

By Tapiwa Mashakada and Miriam Mushayi MDC Policy and Research Department.|Wheels have finally come off as gvt has been cornered and forced to involuntarily de-dollarize without a plan.

When government introduced bond notes we warned that the surrogate currency was bad money that was going to chase good money. The bond notes failed. When gvt introduced the rtgs dollar we warned that the rtgs would fail and it happened.

In both cases we gave solid advice based on evidence based research. In fact we chided and mocked the gvt challenging it to call the 2 currencies, the Zim dollar and accept that they had failed.

On 24th June gvt abolished the multi-currency regime which was introduced in 2009 exactly 10 years ago in order to thwart hyperinflation. In the multiple currency basket the USD had become the de facto currency of choice as legal tender. Subsequently gvt introduced surrogate currencies into the basket, namely the bond notes and rtgs. This sparked an unprecedented parallel market regime which fuelled general price increases in the economy as retailers indexed prices to us$ inorder to hedge themselves against inflation.

By the 24th June 2019, the 2 surrogate currencies had been debauched and reduced to worthless legal tender as the economy had completely redollarised. Prices were qouted in us dollars or its rtgs equivalent. Everybody rushed to collect usd as a way to safeguard or hedge against hyperinflation which has climbed to 300%.

The Transitional Stabilization Program failed to tame the financial crisis. Instead the TSP was like setting a match stick on dry grass. It is clear that market confidence had dropped and all monetary/fiscal statements were blunted and of no force or effect.

So where are we now? Clearly Zimbabwe is at a crossroads. The country is jumping from a frying pan into a ball of fire. The Zim dollar is coming involuntarily and prematurely as a knee jerk reaction. The key fundamentals required for the sustainability of a Sovereign Currency include:

a budget deficit lower than 5%

A trade surplus

At least 6 months import cover

A healthy Capital Account

Productivity and evidence of high levels of capacity utilization

low levels of inflation (single digit)

Confidence

Realistic exchange rate.

These fundamentals are not yet in place. In the absence of these fundamentals, the impact of the introduction of the Zim-dollar will result in the following ten (10) policy implications:

  1. The market will have no confidence in the Zim dollar
  2. Retailers will withdraw goods from the shelves and cause artificial shortages
  3. This will drive prices upwards
  4. The parallel market will come back with a vengeance since gvt has introduced domestic currency without a floating or managed exchange rate for it.
  5. The market will reject the Zim dollar and go back to the usd on its own.
  6. Gvt has no capacity to enforce the use of the Zim dollar on the ground
  7. Gvt will resort to the printing press and increase money supply growth as it seeks to increase civil servants’wages and meet its day to day obligations.
  8. This will feed into hyperinflation
  9. Since gvt is the sole printer of the sovereign currency it means that through underhand dealings the Reserve Bank may continue to drive the black market by buying forex to meet import requirements. We will see new notes on the streets.
  10. Zimbabwe will again have a useless and debauched currency which only serves sentimental reasons.

Alternative
Solutions:

  1. At present Zimbabwe cannot afford a paper currency which has no economic value. The only feasible option is to adopt the Rand and price all goods and services in Rand as an interim measure pending an application to join the RMA
  2. National Political Dialogue between Zanu PF, MDC, Civil Society, Labour, Business and Churches inorder to arrest the economic melt-down.

Conclusion:
Zimbabwe is clearly facing a political crisis. We dont need a rocket scientist to tell us. The economy is gridlocked in the jaws of politics.

There is a complete shutdown of gvt as all social services have collapsed while civil servants are earning poverty wages under hyperinflationary conditions. Clearly gvt is cornered and has gone into a panic mode. Gvt should wake up and smell the coffee. Chickens are coming home to roost.

Stabilization does not lead to prosperity. It leads to poverty. As we have always said, when it comes to economic affairs, Zanu PF is certainly clueless.

Ambushing And Waylaying The Economy: The Zanu PF Way

Today, the nation was shocked at the gazetting Statutory Instrument 142 which basically reintroduces the Zimbabwe dollar, even in theabsence of addressing the economic fundamentals to support the local currency.

Despite government’s promise that it would introduce a new Zimbabwe currency in the next nine months while it addresses the fundamentals, the regime today just ambushed the nation and reintroduced the Zimbabwean dollar as the only legal tender in local transactions.

This means that the multi-currency regime, which provided some modicum of decency and predictability, has been thrown out of the window in favor of the volatile local currency that is not backed by adequate gold and foreign currency reserves.

In spite of SI 142, it is important to state that trust and confidence, which any transacting public must have before they use a currency, cannotin themselves be gazetted.

Today’s decision shows the lack of coherent, prudent and predictable policy, which is important to retain trust and confidence in a country’s 
economy. Policy consistency and predictability are key tenets for any economy to succeed.

It remains to be seen how the market will respond to the madness, but the knee-jerk monetary policy introduced in the dead of the night is 
reminiscent of the rushed decisions of this regime.

The fuel price increases announced by Mr Mnangagwa himself in the dead of night and that caused a furore in the country’s economy are a case in point.

With the current madness in government, it is important to state that the people reserve their right to express their displeasure at the free-falling economy and the knee-jerk policies that those in authority introduce when they so wish.

MDC: Defining a new course for Zimbabwe.

Zanu Pf UK, Europe Chapters Hail Youth League Corruption Stance

Lewis Matutu

ZANU PF YOUTH LEAGUE UK & EUROPE
ZANU PF PRESS STATEMENT ON THE ANTI CORRUPTION CAMPAIGN

24 JUNE 2019

To all Zanu PF Youth League UK/Europe members

Ref: Statement on the Anti-Corruption Campaign

The Zanu PF Youth League of the United Kingdom/Europe district stands in
solidarity with our Executive as lead by Cde Togarapi Pupurai and Cde Lewis
Matutu together with their entire Executive Team on the recently launched Anti- Corruption Campaign.

We stand proudly with our leadership on the demonstration of courage that was
nostalgic of the ground-breaking spirit that helped craft and defend the letter
and spirit of what we now term our Party’s constitution/Gwara Remusangano.

Today we witness the resurgence of fortitude amongst our membership as a
direct consequence of a Youth league leadership that has chosen to lead from
the front, evoking the ancestral awakening of our forbearers whose hands
shaped the very foundation of the revolutionary buildirng they spoke from.

As the Youth League UK/Europe district we pledge our utmost support towards a
corruption free society. It is equally our deepest conviction that the Youth
League is the introspective impulse of the Party as custodians of the rich heritage
of our national liberation struggle and the founding ethos thereof.

Hence why it appears history has adorned us with a time such as this to which the pre-eminence of courage is demonstrated by this time a group of intergenerational
comrades whose instinct is to finish the nationalist project without a clamour of
fear or a sense of opportunism.

Therefore, we applaud this stance and hope that all the proposed recommendations are promptly acted upon with a sense of urgency as we deem this as not only a crystallising nmoment for our national reform agenda but a clear portrayal of why our tag line which is The Peoples Party”.

In conclusion, we borrow from Franklin D. Roosevelt by saying “Only Thing We
Have to Fear Is Fear Itself”

Zanu PF Youth League UK/Europe The Youth League Executive Team of the
United Kingdom/Europe
CC
Chairman
Cde Farai Muvuti
Vice Chairman
CDE Rocafella Zimba
Acting Secretary of Administration
CDE Ken-Patrick Mpame
Secretary of Finance
CDE Tangunda Mangere
CDE Munyaradzi Mangwana
Political Commissariat

Kind Regards
Cde Farai Muvuti
Chairperson

Chamisa Fires Party Workers: Report

By Own Correspondent- MDC Alliance leader Nelson Chamisa has reportedly fired 145 party employees recruited by the party’s founding leader Morgan Tsvangirai as sharp divisions rock the party, the state media has reported.

It is said the mistrust has been heightened by clashes in the election of provincial executive members and the recent selection of national executive council members with allegations of factionalism being the order of the day.

Insiders insisted that things were not well in the party over a number of hanging issues.

A close source privy to the latest development in the beleaguered opposition party confirmed saying those affected served in Tsvangirai and former secretary general Douglas Mwonzora’s office.

“It’s true, roughly 130 to 145 employees were dismissed. The security personnel, directors, coordinators and office orderly seconded by the former prime minister Tsvangirai were fired with immediate effect,” said the source.-StateMedia

More to follow…

“Mnangagwa Is Clueless”: Muzorewa

by Own Correspondent- The leader of the United African National Congress (UANC), Gwinyai Muzorewa has described the political dialogue (POLAD) between President Emmerson Mnangagwa and some of 2018 losing presidential candidates as a delaying tactic.

Speaking to the Daily News, Muzorewa said that the dialogue will not result in any transformation.

Muzorewa said:

This dialogue is a political filibuster. Mnangagwa has said ‘tinongotonga, tichingotonga imi muchingovukura (we will continue ruling while you are barking)’. The people who are participating in the dialogue are barking and Zanu PF is ruling.

I don’t think they will change anything with that dialogue. The participants especially without (MDC president Nelson) Chamisa, the people who are participating lost and there is nothing they are going to change with that dialogue.

Muzorewa said that his party was not participating in the dialogue as they viewed it as a joke. He added that his party was not after a fancy lifestyle which is the only good thing the dialogue is offering to the participants. Muzorewa added that his party is driven by the need to address the plight of the general populace.

He also said that Mnangagwa was clueless on how to solve the issues. Muzorewa added:

There is no vision, if he does have a vision he would not call these people (opposition parties) saying tell me how to run a country.

He should have known how to run a country; the dialogue is for Mnangagwa to hear how to run a country that is why I am not participating in that dialogue.

FULL TEXT: Zanu PF UK Youth League Rally Behind Lewis Matutu’s Stance Against Corrupt Party Bosses

Ref: Statement on the Anti-Corruption Campaign

The Zanu PF Youth League of the United Kingdom/Europe district stands in solidarity with our Executive as lead by Cde Togarapi Pupurai and Cde Lewis Matutu together with their entire Executive Team on the recently launched Anti-Corruption Campaign.

We stand proudly with our leadership on the demonstration of courage that was nostalgic of the ground-breaking spirit that helped craft and defend the letter and spirit of what we now term our Party’s constitution/Gwara Remusangano.

Today we witness the resurgence of fortitude amongst our membership as a direct consequence of a Youth league leadership that has chosen to lead from the front, evoking the ancestral awakening of our forbearers whose hands shaped the very foundation of the revolutionary building they spoke from.

As the Youth League UK/Europe district we pledge our utmost support towards a corruption free society.

It is equally our deepest conviction that the Youth League is the introspective impulse of the Party as custodians of the rich heritage of our national liberation struggle and the founding ethos thereof. Hence why it appears history has adorned us with a time such as this to which the pre-eminence of courage is demonstrated by this time a group of intergenerational comrades whose instinct is to finish the nationalist project without a clamour of fear or a sense of opportunism.

Therefore, we applaud this stance and hope that all the proposed recommendations are promptly acted upon with a sense of urgency as we deem this as not only a crystallising moment for our national reform agenda but a clear portrayal of why our tag line which is ‘The Peoples Party’.

In conclusion, we borrow from Franklin D. Roosevelt by saying —Only Thing We Have to Fear Is Fear Itself’.

Kind Regards
Cde Farai Muvuti
Chairperson

“Zim’s Ivory Revenue Can Finance Country’s Conservation Efforts For The Next 20yrs”: Mnangagwa

By Own Correspondent- Addressing delegates at the ongoing wildlife summit in Victoria Falls, President Emmerson Mnangagwa has said the country’s ivory and rhino horn reserves has the capacity to finance the country’s conservation efforts until 2039.

Said Mnangagwa:

“Currently Zimbabwe has about US$600million worth of ivory and rhino horns stocks, most of which, is from natural attrition of those animals. If we are allowed to dispose the same under agreed to parameters, the revenue derived therefrom would suffice to finance our operational conservation efforts for the next 20 years!”

Below is the full text of his address

It is with great pleasure that I welcome you all to Zimbabwe and especially to the Victoria Falls National Park and World Heritage Site, one of the world’s seven natural wonders. As many of you may be aware, Victoria Falls is situated in the Kavango-Zambezi Transfrontier Conservation Area (KAZA) which is the home of the African elephant.

We are delighted to host this inaugural Wildlife Economy Summit; the first of its kind on the African Continent which is being held under the theme ‘Communities for Conservation, Harnessing Conservation Tourism and Supporting Governments’. This resonates with our renewed effort to ensure that our citizens benefit from the sustainable management of natural resources and wildlife.

It is my sincere hope that you have experienced the warm Zimbabwean hospitality, since your arrival. I am optimistic that our deliberations will go a long way towards the realisation of the conservation agenda of our great Continent. Thriving wildlife resources have a tremendous potential to be instrumental in sustainable socio-economic development through associated wildlife oriented businesses such as eco-tourism, hunting and photographic safaris among other benefits.

We must therefore, continue to utilise platforms such as this one, to explore innovative ways to leverage wildlife resources to grow our economies; eradicate poverty; achieve broad based empowerment, create decent jobs, especially for women and youth. It is equally important to guarantee biodiversity within our ecosystems.

Your Excellencies, Ladies and Gentlemen;
This Summit is being held when the tourism sector in Zimbabwe is on the rebound. We are making concerted efforts to rejuvenate our tourism and hospitality industry so that it meaningfully contributes towards the attainment of our national vision to become a middle income economy by 2030.

To this end, achieving peaceful human-wildlife co-existence and sound conservation principles are a top priority to my government. The Communal Areas Management Programme for Indigenous Resources which is a testimony of the need for more robust community-based natural resources management strategies, continue to be reinvigorated.

In addition, to encouraging community participation, my Government is promoting an integrated concept of conservancies which involves strong private sector participation. Conservancies have also become important partners in developing tourism activities and products in non-traditional tourism areas, thereby enhancing broad based empowerment.

As a result, we now have conservancies in the Save Valley, Bubye Valley and the Malilangwe Wildlife Reserve, among others. These initiatives have seen notable annual population growth of some species such as elephants, rhinos, lions and buffaloes.

Distinguished Guests, Ladies and Gentlemen;
Zimbabwe subscribes to the founding principles of the Convention of International Trade in Endangered Species, CITES. We remain committed to the adherence of its protocols and rules. We are gravely concerned by the one-size-fits all approach, where banning of trade is creeping into the CITES decision making processes. We call upon the institution to resist the temptation of being a ‘policing institution’ and instead be a developmental one which promotes the intricate balance between conservation and sustainable utilisation of all wildlife resources.

In relation to the conservation of elephants, the Savanna elephants, which are predominantly found in Southern Africa, constitute approximately 50% of the continent’s elephant species. This bears testimony to our region’s success in championing sustainable conservation programmes. In addition, the region has the largest range area and elephant numbers which extend beyond designated wildlife areas to include communal areas. This success must be duly recognized, while our voices and concerns given due consideration.

Distinguished Delegates;

The global wildlife community is going to CITES COP 18 in Geneva, Switzerland in August this year. As a country and region, we remain guided by our principle of sustainable utilisation of wildlife. We are determined to ensure that conservation is both sustainable and beneficial to host communities.

Zimbabwe, as with other African countries pursuing in-situ wildlife conservation, requires significant funding, for the conservation agenda. Communities that are living adjacent to protected areas continue to experience unprecedented human-wildlife conflicts. They risk being maimed or killed and their crops destroyed. They must experience the value and developmental benefits of living with, and conserving wildlife.

At present, our country’s land area under protected area and wildlife production is approximately twenty-six percent of the total land size. This is an indication of the enormous value we place on wildlife.
However, the management of such expansive land area requires a significant amount of funding and investment. We welcome partners and investors to optimally manage and unlock value from our wildlife towards helping build ‘nature-based economies’. As a Government, we will continuously ensure a conducive operating environment for wildlife management and conservation.

As you are aware, Safari hunting is a vital cog in successful wildlife economies. Proceeds obtained from hunting are reinvested towards the provision of game water, fencing and law enforcement, among other conservation initiatives. We continue to call for the free trade in hunting products as these have a positive impact on the national and local economies of our countries.

Currently Zimbabwe has about US$600million worth of ivory and rhino horns stocks, most of which, is from natural attrition of those animals. If we are allowed to dispose the same under agreed to parameters, the revenue derived therefrom would suffice to finance our operational conservation efforts for the next 20 years!

Going forward, Zimbabwe encourages a world that embraces the principle of a shared responsibility where natural resources are utilized in accordance with the principle of sustainability. We encourage a process where accruing benefits from natural resources are fairly and equitably shared among communities living within wildlife areas. This way, the wildlife resources add value and improve the quality of life of local communities.

Distinguished Delegates;

My Government is committed to play its part in addressing the challenge of poaching and has instituted a raft of measures to curb the scourge. These include the implementation of the SADC Protocol on Wildlife Conservation and Law Enforcement; Park and Species Management Plans and Policies as well as combating the use of poisons and encouraging aerial surveillance support and application of new technologies, among others. We are also strengthening law enforcement to combat internal and cross-border wildlife crime.

As a stakeholder, we stand ready to increase our participation in other regional, continental and global conservation campaigns.

Your Excellencies; Ladies and Gentlemen;
I once again welcome you to Zimbabwe and I invite you to find some time off the busy schedule to tour the nearby majestic Victoria Falls and also visit our National Park were you will most likely encounter all the members of the big five.

With these remarks, it is now my singular honour and pleasure to officially declare the Inaugural, Africa Wildlife Economy Summit, officially opened.

I thank you.

Fans Justify Warriors Demand To Be Paid First Before Playing

The Warriors’ demand that they be paid first before they took on Egypt was justifiable, fans of the team have spoken.

The Warriors’ demand that they be paid first before they took on Egypt was justifiable, fans of the team have spoken.

An online poll carried out by The Herald which ended today, showed that football fans voted resoundingly in favour of the view that the players were right to demand their dues before they stepped on the field to face the Pharaohs.

92% of the 3411 people who took part in the poll chose the affirmative side, meaning the players’ actions were justified.

Sunday Chidzambwa’s charges were eventually given their money before the 1-0 loss to Egypt and now face the Cranes of Uganda in a must win encounter on Wednesday.

Obert Mpofu Suspended By ZANU PF Youth League

ZANU PF Youth League has said that the party’s own Secretary For Administration, Obert Mpofu has been suspended from the party and will not be allowed to enter party offices until he clears his name on corruption allegations.

In a charged up press conference held at ZANU PF HQ on Monday ZANU PF Deputy Secretary for Youth Affairs Lewis Matutu named the following individuals as corrupt people in the country.

John Mangudya
Wicknel Chivayo
Mlungisi Moyo
Elizabeth Mutsvangwa
Henrietta Rushywa
Nevile Mutsvangwa
Prisca Mupfumira
Obert Mpofu
Joram Gumbo
Jacob Mudenda
Tongayi Muzenda
Lipson Mhonda
Dr Shar
Tafadzwa Musarara

Matutu said those who are ZANU PF office bearers must not go to party offices until they have cleared their names. The youth league said it is ready to go to court to provide evidence.

“We Will Make It To Knock Out Stage,” Marvellous Nakamba

With the team that we have, with the way that we are playing, I think if we can give everything and try our best, nothing can stop us.

Warriors midfielder Marvelous Nakamba thinks the Warriors still have a chance to progress to the knockout round of the 2019 Afcon despite losing their first match of the campaign.

Zimbabwe lost 1-0 to hosts Egypt on Friday in a match the Southern Africans put a great performance with Nakamba himself starring splendidly in the midfield.

The Warriors face table-toppers Uganda on Wednesday and the Belgium based player believes there is still a possibility to reach the next round.

“I think it’s possible for us to go to the next stage in the tournament,” Nakamba said. “With the team that we have, with the way that we are playing, I think if we can give everything and try our best, nothing can stop us.

“We have done it in the qualifying stages where a lot of people thought we wouldn’t qualify. And now we are here, anything is possible in football.”

Zimbabwe, meanwhile, will need to avoid a loss as to keep their hopes of reaching the knockout round alive.

Zimbabwe Begins Paying White Commercial Farmers In RTGS Dollars

Twenty-eight farmers received payments of RTGS$55,000 ($8,748) each this past week, Ben Gilpin director of the Commercial Farmers Union said.

Zimbabwe’s government began compensating white commercial farmers whose land was expropriated, an agriculture lobby group said.

Twenty-eight farmers received payments of RTGS$55,000 ($8,748) each this past week, Ben Gilpin director of the Commercial Farmers Union said.

More of them will receive payments this week, he added.

Zimbabwe’s government in 2000 seized farms belonging to mostly white commercial farmers and replaced them with black farmers, saying the move was meant to redress colonial imbalances.

The southern African country has budgeted RTGS$53 million ($8.4 million) this year for compensation.

Last month, 737 farmers registered for the compensation, according to the Treasury.

Bloomberg

Ramaphosa Has No Time For Dreaming – Malema On Cyril Ramaphosa Bullet Train Dream

“There’s a new plan called dreams; the president has got no privilege of dreaming. Me and you can dream,” said Malema.

Economic Freedom Fighters (EFF) leader Julius Malema says president Cyril Ramaphosa has no time to dream.

This comes after Ramaphosa delivered the State of the Nation Address (SoNA) yesterday in parliament.

“There’s a new plan called dreams; the president has got no privilege of dreaming. Me and you can dream,” said Malema.

“25 years into gorvenment and youre still dreaming? We dreamed in the 80’s, we dreamed in the 70’s we dreamed of a society where we are all equal there’s jobs, there’s houses and there’s services for everybody.

“All of this was mapped out by generations before us, why dream? For what?”

Ramaphosa announced that the Special Investigating Unit’s Special Tribunal would start its work in the coming months.

The Special Tribunal, made up of eight judges, would fast-track civil claims brought to it by the Special Investigating Unit (SIU).

DA leader Mmusi Maimane has described Ramaphosa’s speech as “a state of no action and containing a lot of empty promises”.

“It was all based on a dream of really no tangible plans on how we will get out of this trouble in the next five years. We should have seen more reforms and none were forthcoming,” said Maimane.

Freedom Front Plus leader Peter Groenewald rejected Ramaphosa’s speech on the stance that government has taken to expropriate land without compensation.

“What he actually said tonight is that they are going to continue with expropriation without compensation. It is quite clear and we reject that, and we say that is going to be detrimental to the economic growth of South Africa,” said Groenewald.

He added: “He has got a nice dream but unfortunately when he wakes up he will find out he’s living in a nightmare. He said quite a lot of things, it’s a wish list and of course everybody would like to have that, we want to know how he is he going to do it.”

Within the next 10 years, Ramaphosa will ensure that no South African goes to bed hungry.

Economist Thabi Leoka said Ramaphosa’s speech lacked detail on plans to revitalise the economy and create jobs.

“He talks about growing the economy but not really how and especially which sectors. He prioritises job creation and there need to be more details as to how we’re going to create these jobs that we require.”

Mnangagwa And Mthuli Ncube Rushed The Zim Dollar To Pursue IMF Funding

“I’ve been in government for 38 years as minister and I can’t remember when you ever had a budget surplus,” 
Emmerson Mnangagwa with Mthuli Ncube

President Emmerson Mnangagwa and his finance chief possibly rushed to bring back the Zim Dollar to aid their move to pursue financing from the International Monetary Fund (IMF).

It has been reported that Mnangagwa was considering a Eurobond offering to rescue the drastic economic status of Zimbabwe.

“It is necessary that we have our own currency. I have faith that we’ll achieve that even before the end of the year or by the first quarter of next year,” said Mnangagwa.

Since, 2009 when the state decided to eliminate its own currency the country has been using different currencies such as the South African rand, U.S dollar, and its own RTGS and bond notes that are also affected by inflation on a daily basis.

Mnangagwa last week hinted the return of the dollar and its core relation to the IMF funding said his finance minister, Mthuli Ncube had prepared the ground for a new currency, starting with the first budget surplus.

“I’ve been in government for 38 years as minister and I can’t remember when you ever had a budget surplus,” he said, “now, this young man has been able to achieve a budget surplus in less than eight months. So it tells me that what he tells me is possibly true on these issues.”

Ncube said: “The government last month agreed on measures to re-engage with the IMF for the first time in more than a decade. Under the arrangement, known as a staff-monitored program, the fund will assess government’s economic progress by the end of January.”

“The first order of business is to clear the arrears and then move onto phase two, which is the bilateral discussions with the Paris Club.”

“If it works well in the first phase, it’s the same Paris partners who control those two big institutions that I was talking about, the same people. So if they accept supporting us on the same program with the European Investment Bank, surely they will support us on the bilateral phase as well.”

“Mnangagwa Has Committed Political Suicide,” Analyst

So ED thinks return of Zim dollar, fake money will stop the use of foreign currency.
Dr Pedzisai Ruhanya

‌Political analyst Dr Pedzisai Ruhanya has described the ban on the use of foreign currency by Emmerson Mnangagwa’ so government as political suicide.

So ED thinks return of Zim dollar, fake money will stop the use of foreign currency. Now RBZ will purchase new machines for printing massive useless notes. Back to 2007/8

It’s official. The Zimbabwe dollar is back. This is economic suicide!

This follows after the Government banned all foreign currency with effect from today using SI 142 of 2019. All transactions will  be settled using the Zimbabwe Dollar.

art of the Statutory Instrument 142 of 2019 reads:

Zimbabwe dollar to be the sole currency for legal tender purposes

2. (1) Subject to section 1 with effect from the 24th June 2019, the British pound, United States dollar, South African rand, Botswana pula, and any other foreign currency whatsoever shall no longer be legal tender alongside the Zimbabwe dollar in any transactions in Zimbabwe.

(2) Accordingly, the Zimbabwe dollar shall, with effect from the 24th June 2019, but subject to section 3, be the sole legal tender in Zimbabwe in all transactions.

What The End Of Multi Currency Regime Means In Simple Terms

For some, it needs to be broken into simpler terms or what they call layman’s terms in order to understand what it means in general, what it means for the people and the consequences or lack or them thereof.

‌The news that the Zim government had banned all forms of foreign currency was met with shock, outrage , despair and confusion for some.

For some, it needs to be broken into simpler terms or what they call layman’s terms in order to understand what it means in general, what it means for the people and the consequences or lack or them thereof.

In layman terms, this is what it means

✳️The end of the multicurrency regime

✳️The ZW$ is officially back

✳️All local transactions should be in ZW$

✳️Trading in currency other than ZW$ is illegal

✳️All pricing should be in ZW$In layman terms, this is what it means.

✳️All taxes are now being paid in ZW$ except for VAT and Customs Duty of “luxury items”

✳️The future of the interbank is now uncertain

✳️The RBZ can now print paper notes and coins

Possible Implications

✳️Sanity and uniformity in pricing – all prices now in ZW$ only

✳️@ReserveBankZIM can now use monetary policy effectively to manage economy #zimdollar #zimdollarisback #Zimbabwe

Possible Implications cont

✳️Possible increase in money supply

✳️If not managed well, will fuel inflation

✳️Parallel market rates are likely to shoot in the short term #zimdollar #zimdollarisback #Zimbabwe

Know More About The Man Zimbabweans Are Talking About As Their Economics Clown.

In January 2018 he arranged and sponsored the luncheon with Swiss and European Business community, for the visiting President of Zimbabwe and his ministerial delegation, in Zurich Switzerland. 

PROFESSOR Mthuli NCUBE is a financial, economics, investment, and public policy expert. He has vast experience and worked in the private sector, public sector, academia, and international financial institutions. He is a citizen of Zimbabwe.

Professor Ncube currently divides his time between the private sector in Switzerland and academia in the United Kingdom. He is a Professor at the University of Oxford, UK where he teaches in economic development and public policy and doing business in Africa, at both the SAID Business School, and Blavatnik School of Government. He is also the HSBC Distinguished professor of Banking and Financial Markets at the University of the Witwatersrand.

Professor Ncube is also the Managing Director of the Quantum Global Research Lab AG, in Switzerland which advises companies on investment in Africa, and advises African government on economic policy-making. He developed the “Africa Investment Index” which ranks African economies on investment attractiveness.

In January 2018 he arranged and sponsored the luncheon with Swiss and European Business community, for the visiting President of Zimbabwe and his ministerial delegation, in Zurich Switzerland. This event contributed to the agenda of “Zimbabwe is open for business”. In Abidjan, in April 2017, he chaired and moderated the event on investing in Zimbabwe, which was attended by the Zimbabwe President, President of Afrexim Bank, Zimbabwe ministers, and the business community.

Prof Ncube served as Vice President and Chief Economist of the African Development Bank Group (AfDB) where was able to give the bank a coherent strategy and agenda for the first time in a long while. He was recommended and supported by the various Governments of SADC and East Africa, for the position at the African Development Bank Group. He has a strong background in economics and finance, and banking. He led the strategic thinking within the bank on economic development issues for the entire African continent. He is now ranked as the number 1 economic thinker in Africa, and in the top 5% economic thinkers globally. He led and guided the development of the Bank’ 10 term Strategy (2013-2022) and was a member of the senior management team at AfDB. He represented the AfDB in most outside engagements and spokesperson on economic/development issues. He was Chairman of Operations Committee (Approving Investment Projects and Operations) for the bank in 2011-2012. Additionally, he was the Chair of the Advisory Panel on Ethics and Anti-Corruption for the AfDB in 2012.

He pioneered and championed the “inclusive growth agenda” for Africa and also has led policy dialogue activities with governments in Africa at ministerial level. He has developed the “Infrastructure Investments in Africa” and developed an “Africa Infrastructure Development Index (AIDI)”, which tracks progress in development and access to infrastructure in all of Africa. He have also developed the concept of “inclusive infrastructure”, on the back of the whole principle of “inclusive growth”, and developed an “Inclusive growth Index” for Africa. He has also guided the project on the “African Information Highway”, for the development of national statistics across Africa, a project supported by StatsSA (of South Africa) as a key partner.

He is a member of the Advisory Council for World Economic Forum (WEF) on Sustainable Infrastructure, and Chairman of the WEF Global Agenda Council on sustainable development.

Prof Ncube, holds a PhD in Economics (Mathematical Finance) from Cambridge University in the UK, on “Pricing Options under Stochastic Volatility”, which he completed in a record 2 years. He was the first person from Africa to complete a PhD in the economics faculty from the University of Cambridge.

In his first job, he was a Lecturer in Finance at the London School of Economics (LSE), (the first person from African to teach at London School of Economics) and Research Associate of the Centre for the study of the South African economy, at LSE, all at a young age of 28 years.

Just before joining the African Development Bank, he was the Dean of the Faculty of Commerce Law and Management, and also Dean and Professor of Finance at Wits Business School, all at University of Witwatersrand, in South Africa. He led Wits Business School to the 45th global rank in the UK 2007 Financial Times survey. He founded the Centre for Entrepreneurship at Wits University, funded by DTI, for training young entrepreneurs in South Africa. He is still the HSBC Distinguished Professor of Banking and Financial Markets at the University of the Witwatersrand.

He has extensive experience as an investment banker having worked at Investec. He was head of Asset Allocation Strategy and Manager of the Investec Global Managed Fund. He founded Barbican Holdings and Selwyn Capital, financial services companies. He was Chairman of the Zimbabwe International Trade Fair, Chairman of the National Investment Trust of Zimbabwe, and Board member of Hwange Colliery, and co-Chair of the NECF macro-economics sub-group of Zimbabwe.

He has experience as a regulator, having served as a Board member of the South African Financial Services Board (FSB), which regulates non-bank financial institutions in South Africa. He was also Chairman of the National Small Business Advisory Council (NSBAC) at DTI in South Africa in 2009-2010.

In 2008 and 2009, he was rated as one of the “Best Managers” in the manager-ranking surveys in South Africa.

For the last 20 years, he has also contributed immensely to capacity development and economic research on the African Continent with the African Economic Research Consortium (AERC), which has produced 3000 economists on the African continent at Masters and PhD levels. The graduates work in Central Banks and Ministries of Finance all over Africa. The AERC is based in Kenya, but is a United States not-for-profit organisation registered in the state of Delaware. He is now Chairman of the Board of AERC, the first African to chair the board.

Moreover, he has published 14 books, and numerous papers, articles in the area of economics and political economy and finance, and received numerous awards. Some of his recent books include, Development Dynamics: lessons from Zimbabwe (1992); Monetary Policy and the Economy in South Africa (Macmillan 2013); Quantitative Easing and its Impact (2013); Africa’s Middleclass (2014); African Financial Markets and Monetary Policy (2009); Inclusive Growth in Africa (to be published in 2015); Infrastructure in Africa(2017), Global uncertainty, and Exchange Rates (2018).

He was nominated as a Commissioner of the Lancet Commission in Investing Health, which is chaired by Prof Lawrence Summers, former United States Secretary to the Treasury. He represented the AfDB in the G20 Development Working Group, and is a member of the Organisation for Economic Co-operation and Development (OECD ) Expect Group on rethinking the Future of development AID, and Advisor to the Rush Foundation on “rethinking HIV intervention strategies”. He is a Member of the Advisory Board of Oxford Centre for Resource Rich Economies, Department of Economics, Oxford University, United Kingdom.

Prof Ncube is also a Board Member of the Official Monetary and Financial Institutions Forum (OMFIF) based in London, and with offices in US and Asia. OMFIF provides support and advisory services to Central Banks around the world and pension funds and other investors on monetary policy, macro-policy, investments and financial markets.

He is a leading thinker in finance and economic development issues globally, and a visionary and strong leader.

His interests are in golf, reading, writing and painting. He is married to an Engineer with whom they have 4 children.

Mnangagwa Warned Of Imminent Zim Dollar Return Three Days Ago In Mozambique

I am not aware of any country which has no currency of its own, but that is not my field — I am a lawyer — but except for Zimbabwe,
President Emmerson Mnangagwa

President Emmerson Mnangagwa literally warned of his government’s imminent removal of the multi currency regime two days ago in Mozambique when he said his government Government had finalised modalities to introduce a new currency, which will be the sole legal tender in the country.

In an interview with business media outlet, Bloomberg, on the sidelines of the 12th US-Africa Business Summit in Maputo, Mozambique, on Thursday, the President said “it is necessary that we have our own currency” since it is presently difficult to determine the level of money supply in the economy.

“Then, of course, there is an issue which is critical also for any economy: this is the question of currency. I am not aware of any country which has no currency of its own, but that is not my field — I am a lawyer — but except for Zimbabwe, I haven’t been told of another country which doesn’t have its own currency.

“Even poor countries have currencies from what I hear, so we intend to introduce our own,” said President Mnangagwa.
The value of the new currency, he added, would be tethered to the country’s economic activities and assets.

He said the name of the local unit would be inconsequential as long as it meets the set objectives of sustainably growing the local economy.

“The name of the local currency? You know Deng Xiaoping of China? The cat doesn’t need to be white or black as long as it catches mice, so the name of the currency to me is not a critical issue; the critical issue is we must have a domestic currency by whatever name.

“We must have a domestic currency so that will be the currency which we will use for transactions in the country. Anybody who has US dollars or a tonne of pounds must go to the bank and change and transact . . . the money supply will relate also to our GDP; it will relate to the volume of assets we have; to development of infrastructure in the country,” he said.

South African Finance Minister Tito Mboweni recently indicated that it would be reasonable and sensible for Harare to begin using its own currency.

Tension Hits DRC As Former Vice President Convicted By ICC Returns After 10 Year Jail Term

A few days before his return, Bemba tweeted: “I look forward to meeting you again so that together we can strengthen unity of vision and action for a prosperous Congo.”

The Democratic Republic of Congo (DRC) opposition figure and former vice-president Jean-Pierre Bemba on Sunday returned to the state after being convicted by the International Criminal Court (ICC) and serving ten years in prison.

Bemba was welcomed by Martin Fayulu in Kinshasa and a small crowd after he landed in a private jet from Brussels.

Bemba only stayed in DRC for a few days to stand as a candidate in the presidential election which was later invalidated by the electoral commission.

He then went back to Belgium where he led the Lamuka coalition with Fayulu’s application to the party.

A few days before his return, Bemba tweeted: “I look forward to meeting you again so that together we can strengthen unity of vision and action for a prosperous Congo.”

After losing the 2006 presidential elections against former President Joseph Kabila, Bemba spent ten years in prison for crimes committed by his soldiers in the Central African Republic.

As the leader of Lamuka coalition, it is believed that the party was preparing to protest against the invalidation of 20 deputies by the Constitutional Court on Independence Day which will be next Sunday.

Full List Of Corrupt Bigwigs Exposed By Zanu Pf Youths

From all the individuals that will be exposed today, we are demanding a public
statement that exonerates all allegations agaainst the accused

INDIVIDUALS
Mlungisi Moyo
Artwell Ndlovu
Wayne Harington
Tinomuda Machakaire
John Panonetsa Mangudya
Elizabeth Mutsvangwa
Nevile Mutsvangwa
Wicknell Chivayo

PRIVATE SECTOR EXECUTIVES
Lisbon Mhonda, Afrifore Unifreight
Tafadzwa Musarara, Grain Millers Association of Zimbabwe
Tongai Muzenda, Minerals Mining Cooperation Zimbabwe.
Hennerieta Rushwaya, Zimbabwe Miners Federetion
Doctor Shar, PCD

GOVERNMENT AND ZANUPF OFFICIALS
Priscah Mupfumira
Obert Mpofu
Jorum Gumbo

Furthermore we are requesting that the speaker of Parliament Honourable
Mudenda, give us an explanation on the current status of the ZINARA issue

Technically The US Dollar Is Not Banned

Will it work?
No it will not work, simple!

The news of the moment definitely is that the Zimbabwean Dollar has made a come back of sorts. The come back goes like so: what we were told to call RTGS dollars in February this year, we are now told to call it Zimbabwean Dollar. The real change is that this ‘Zimbabwean Dollar’ is now declared to be the sole legal tender in Zimbabwe effectively moving from the multicurrency regime of the past 10 years.

So is it against the law to hold the USD?
Well, the answer to that is no. The authorities are still encouraging you to open the so called nostro accounts to keep any forex you have. I do not hesitate to advise you against such. The flip flop in something as basic as the name of the currency itself should tell all of us not to trust the said authorities.

Legal tender simply defined: Coins or banknotes that must be accepted if offered in payment of a debt.

The ‘new’ Zim dollar being the sole legal tender means anyone selling goods and services in Zimbabwe is obligated to take your money when you come with the Zim dollar to make payment.

This doesn’t mean that you can’t pay in USD if you so wish and the person selling is willing to accept the hard currency just like no one will arrest you for exchanging your goats for other goods and services directly.

This is of course a technicality that the government will not want explored because the whole objective of the regulation is to stop you and I from using any forex we may have to pay for stuff locally.

Whichever way the worst is that you can only keep USD as ‘storage’

Even if we are to interpret the new regulation in the most strict manner, the worst it can mean is that you can keep your USD but you can’t use them to buy stuff in Zimbabwe.

Your hard currency will just be a store of value which you convert whenever you want to buy.

Will it work?
No it will not work, simple!

Tech Zim

As Promised ZANU PF Youth League Releases Names Of Corrupt Party Senior Officials

The Youths said that all the party members fingered in the corruption should do the honourable thing and not report for work until they have cleared the allegations made against them.

The Zanu-PF Youth League led by its Deputy Secretary for Youth Affairs Lewis Matutu today made a number of allegations against senior business people and party officials over corruption.

The Youths said that all the party members fingered in the corruption should do the honourable thing and not report for work until they have cleared the allegations made against them. The Youth League said that it was going to lock out all the Zanu-PF officials from entering their offices until they have cleared the allegations.

The full list is as below

Tino Machakaire

John Panonetsa Mangudya

Wicknell Chivayo

Neville Mutsvangwa

Gibson Mhonda Unifreight

Tafadzwa Musarara (GMAZ)

Tongai Muzenda (MMCZ)

Henrieta Rushwaya (Zimbabwe Miners Federation)

Dr Shah – PCD

Prisca Mupfumira – NSSA Scandal

Obert Mpofu

Joram Gumbo

Jacob Mudenda – Speaker Of Parliament over Zinara Report

Ambushing And Waylaying The Economy :The Zanu PF Way

Today, the nation was shocked at the gazetting Statutory Instrument 142 which basically reintroduces the Zimbabwe dollar, even in the absence of addressing the economic fundamentals to support the local currency.

Despite government’s promise that it would introduce a new Zimbabwe currency in the next nine months while it addresses the fundamentals, the regime today just ambushed the nation and reintroduced the Zimbabwean dollar as the only legal tender in local transactions. This means that the multi-currency regime, which provided some modicum of decency and predictability, has been thrown out of the window in favor of the volatile local currency that is not backed by adequate gold and foreign currency reserves.

In spite of SI 142, it is important to state that trust and confidence, which any transacting public must have before they use a currency, cannot in themselves be gazetted.

Today’s decision shows the lack of coherent, prudent and predictable policy, which is important to retain trust and confidence in a country’s economy. Policy consistency and predictability are key tenets for any economy to succeed.

It remains to be seen how the market will respond to the madness, but the knee-jerk monetary policy introduced in the dead of the night is reminiscent of the rushed decisions of this regime. The fuel price increases announced by Mr Mnangagwa himself in the dead of night and that caused a furore in the country’s economy are a case in point.

With the current madness in government, it is important to state that the people reserve their right to express their displeasure at the free-falling economy and the knee-jerk policies that those in authority introduce when they so wish.

MDC: Defining a new course for Zimbabwe.

Luke Tamborinyoka
MDC Deputy National Spokesperson

Luke Tamborinyoka

The Day That Was Long Due To Hit Zimbabwe Finally Arrives

The announcement has long been expected in the country under the current regime which has been threatening on the move for a long time. The move leaves lots of uncertainty amongst Zimbabweans.

GOVERNMENT has outlawed the use of multiple currencies through new regulations that compel all forms of transacting to be done in local currency, now formally known as Zimbabwe dollar.

The announcement has long been expected in the country under the current regime which has been threatening on the move for a long time. The move leaves lots of uncertainty amongst Zimbabweans.

Through Statutory Instrument (SI) 142 of 2019, known as Reserve Bank of Zimbabwe (Legal Tender) Regulations, the Government abolished the use of British pound, United States dollar, South African rand, Botswana pula and any other foreign currencies, as legal tender.

Prior to the latest development, Zimbabwe used a basket of currencies collectively referred to as the multicurrency system, which was adopted in 2009 when the country scrapped its domestic currency.

Until today (Monday) payments in Zimbabwe could be made in any of the approved currencies that included the US dollar, British pound, South African rand, Botswana pula and RTGS dollar.

“Accordingly, the Zimbabwe dollar, with effect from 24th June, 2019, but subject to subsection 3, be the sole legal tender in Zimbabwe in all transactions,” Statutory Instrument 142 says.

The new Zimbabwe dollar will have same boundaries, extent in space, time, or meaning as the RTGS dollars, which entails all bond notes and approved forms of electronic money in Zimbabwe.

“For the avoidance of doubt, it is declared that references to the Zimbabwe dollar are conterminous with references to the following;

“The bond notes and coins referred to in section 44B, the electronic currency prescribed for purposes of section 44C of the Act, that is to say the RTGS dollar.

“The above mentioned bond notes and RTGS dollars are at par with the Zimbabwe dollar, that is to say each  bond note unit and each RTGS dollar is equivalent to a Zimbabwe dollar and each 100th  part of a RTGS dollar is equivalent to a Zimbabwean cent.”

Update On “Zikipa” Injury

Farai Dziva|Warriors goalkeeper Edmore ‘ZiKeeper’ Sibanda’s injury is not a serious one.

This has been revealed by team manager Wellington Mpandare.

The former CAPS United shot-stopper made some outstanding saves to deny the Egyptians on mumerous occasions on Friday and was replaced in the second half by Elvis Chipezeze on account of injury.

Mpandare however confirmed the injury is not a serious one, saying he expects Sibanda and other players who suffered knocks against Egypt, to be back in full contention for the Uganda game.

“We have a number of players who need to be assessed at our full training session today (yesterday), I spoke to Eddie and Nyasha and they have not been complaining about their injuries getting worse,’’ Mpandare told The Herald.

CAIRO, EGYPT

Ban On Use Of Foreign Currency :A Step Towards Return To Normalcy :Mthuli Ncube

Farai Dziva|Under pressure Finance Minister Mthuli Ncube has said the decision to ban the use of foreign currency as legal tender in Zimbabwe is a step towards a return to normalcy.

In a statement Ncube said :”I can say the ban on the use of foreign currency is a step towards the country’s return to economic restoration.

We implemented similar measures to protect local industry when we imposed a ban on importing selected products.”

He added :You can still keep your hard currency but you cannot use it to buy goods over the counter.”

Mthuli Ncube

“Shops Can Still Trade In Forex”: VERITAS

The SI is not so far-reaching as its makers perhaps intended, Veritas Zimbabwe has claimed.

Veritas Zimbabwe further made reference to its “Bill Watch 15 of the 21st March 2019” in which it states:

Legal tender means a currency which, if offered in payment of a debt, discharges the debt unless the creditor and the debtor have specifically agreed otherwise.  So if a debtor owes a creditor $20, say, the debtor can normally repay the debt by offering $20 in RTGS dollars (because they are legal tender).  If however the parties have agreed that the debt should be repaid in US dollars, then the debtor must repay it in those dollars.  There is no law in Zimbabwe which invalidates a contract that stipulates payment in a foreign currency.  Similarly there is no law in Zimbabwe that requires prices to be marked up in legal tender or accounts to be drawn up in legal tender.

It then concludes that the new instrument does not specifically forbid contracts that require payments to be made in a foreign currency.

Veritas Zimbabwe added:

“…so if shopkeepers mark their prices in US dollars, say, or insist on payment in that currency there is nothing to stop them doing so.

Veritas further claims that the main reason behind the ‘reintroduction’ of the Zimbabwean dollar was to prevent the RTGS dollar from further deteriorating. The RTGS has, since its introduction in February, been shedding value against other currencies.

Meanwhile, memories of the 2008 hyperinflation that reached a record high of 231 million percent are haunting Zimbabweans.

FULL TEXT- Mnangagwa’s Speech At AU- EU Summit In Victoria Falls

Your Excellencies, Heads of State and Government;
Honourable Ministers Responsible for Wildlife from our respective countries;
Other Honourable Ministers;
The African Union Commissioner for Rural Economy and Agriculture, Ambassador Joseph Sacko;

The Secretary General of CITES, Ms Ivonne Higuero;
The United Nations Environment Programme Deputy Executive Secretary, Ms Joyce Msuya;

Your Excellencies, Ambassadors and Members of the Diplomatic Corps here present;

Senior Government Officials from our various countries;

All our sponsors and partners;

Members of the media fraternity;

Distinguished Guests;

Ladies and Gentlemen;

It is with great pleasure that I welcome you all to Zimbabwe and especially to the Victoria Falls National Park and World Heritage Site, one of the world’s seven natural wonders. As many of you may be aware, Victoria Falls is situated in the Kavango-Zambezi Transfrontier Conservation Area (KAZA) which is the home of the African elephant.

We are delighted to host this inaugural Wildlife Economy Summit; the first of its kind on the African Continent which is being held under the theme ‘Communities for Conservation, Harnessing Conservation Tourism and Supporting Governments’. This resonates with our renewed effort to ensure that our citizens benefit from the sustainable management of natural resources and wildlife.

It is my sincere hope that you have experienced the warm Zimbabwean hospitality, since your arrival. I am optimistic that our deliberations will go a long way towards the realisation of the conservation agenda of our great Continent. Thriving wildlife resources have a tremendous potential to be instrumental in sustainable socio-economic development through associated wildlife oriented businesses such as eco-tourism, hunting and photographic safaris among other benefits.

We must therefore, continue to utilise platforms such as this one, to explore innovative ways to leverage wildlife resources to grow our economies; eradicate poverty; achieve broad based empowerment, create decent jobs, especially for women and youth. It is equally important to guarantee biodiversity within our ecosystems.

Your Excellencies, Ladies and Gentlemen;
This Summit is being held when the tourism sector in Zimbabwe is on the rebound. We are making concerted efforts to rejuvenate our tourism and hospitality industry so that it meaningfully contributes towards the attainment of our national vision to become a middle income economy by 2030.

To this end, achieving peaceful human-wildlife co-existence and sound conservation principles are a top priority to my government. The Communal Areas Management Programme for Indigenous Resources which is a testimony of the need for more robust community-based natural resources management strategies, continue to be reinvigorated.

In addition, to encouraging community participation, my Government is promoting an integrated concept of conservancies which involves strong private sector participation. Conservancies have also become important partners in developing tourism activities and products in non-traditional tourism areas, thereby enhancing broad based empowerment.

As a result, we now have conservancies in the Save Valley, Bubye Valley and the Malilangwe Wildlife Reserve, among others. These initiatives have seen notable annual population growth of some species such as elephants, rhinos, lions and buffaloes.

Distinguished Guests, Ladies and Gentlemen;
Zimbabwe subscribes to the founding principles of the Convention of International Trade in Endangered Species, CITES. We remain committed to the adherence of its protocols and rules. We are gravely concerned by the one-size-fits all approach, where banning of trade is creeping into the CITES decision making processes. We call upon the institution to resist the temptation of being a ‘policing institution’ and instead be a developmental one which promotes the intricate balance between conservation and sustainable utilisation of all wildlife resources.

In relation to the conservation of elephants, the Savanna elephants, which are predominantly found in Southern Africa, constitute approximately 50% of the continent’s elephant species. This bears testimony to our region’s success in championing sustainable conservation programmes. In addition, the region has the largest range area and elephant numbers which extend beyond designated wildlife areas to include communal areas. This success must be duly recognized, while our voices and concerns given due consideration.

Distinguished Delegates;

The global wildlife community is going to CITES COP 18 in Geneva, Switzerland in August this year. As a country and region, we remain guided by our principle of sustainable utilisation of wildlife. We are determined to ensure that conservation is both sustainable and beneficial to host communities.

Zimbabwe, as with other African countries pursuing in-situ wildlife conservation, requires significant funding, for the conservation agenda. Communities that are living adjacent to protected areas continue to experience unprecedented human-wildlife conflicts. They risk being maimed or killed and their crops destroyed. They must experience the value and developmental benefits of living with, and conserving wildlife.

At present, our country’s land area under protected area and wildlife production is approximately twenty-six percent of the total land size. This is an indication of the enormous value we place on wildlife.
However, the management of such expansive land area requires a significant amount of funding and investment. We welcome partners and investors to optimally manage and unlock value from our wildlife towards helping build ‘nature-based economies’. As a Government, we will continuously ensure a conducive operating environment for wildlife management and conservation.

As you are aware, Safari hunting is a vital cog in successful wildlife economies. Proceeds obtained from hunting are reinvested towards the provision of game water, fencing and law enforcement, among other conservation initiatives. We continue to call for the free trade in hunting products as these have a positive impact on the national and local economies of our countries.

Currently Zimbabwe has about US$600million worth of ivory and rhino horns stocks, most of which, is from natural attrition of those animals. If we are allowed to dispose the same under agreed to parameters, the revenue derived therefrom would suffice to finance our operational conservation efforts for the next 20 years!

Going forward, Zimbabwe encourages a world that embraces the principle of a shared responsibility where natural resources are utilized in accordance with the principle of sustainability. We encourage a process where accruing benefits from natural resources are fairly and equitably shared among communities living within wildlife areas. This way, the wildlife resources add value and improve the quality of life of local communities.

Distinguished Delegates;

My Government is committed to play its part in addressing the challenge of poaching and has instituted a raft of measures to curb the scourge. These include the implementation of the SADC Protocol on Wildlife Conservation and Law Enforcement; Park and Species Management Plans and Policies as well as combating the use of poisons and encouraging aerial surveillance support and application of new technologies, among others. We are also strengthening law enforcement to combat internal and cross-border wildlife crime.

As a stakeholder, we stand ready to increase our participation in other regional, continental and global conservation campaigns.

Your Excellencies; Ladies and Gentlemen;
I once again welcome you to Zimbabwe and I invite you to find some time off the busy schedule to tour the nearby majestic Victoria Falls and also visit our National Park were you will most likely encounter all the members of the big five.

With these remarks, it is now my singular honour and pleasure to officially declare the Inaugural, Africa Wildlife Economy Summit, officially opened.

I thank you.

Uganda v Zimbabwe :Full Details

Farai Dziva|The Zimbabwe Warriors will be back in action in their second Group A encounter at the giant Cairo International Stadium on Wednesday evening.

Zimbabwe will come against Uganda in a match they need to avoid a loss to keep their hopes of reaching the knockout round alive.

The Cranes, on their side, just need maximum points in the encounter to book a berth in the next round.

Wednesday’s game will be live on SuperSport 4A (Ch. 224) at 7 pm while build-up starts at 6:30 pm.

Warriors

Army General Blames Sanctions For Zimbabwe’s Economic Woes

Farai Dziva|An army general has blamed “sanctions imposed by erstwhile colonizers for the current economic crisis in the country.

Zimbabwe National Army Commander Lieutenant-General Edzai Chimonyo has said government is working tirelessly to improve people’s living conditions.

Speaking during a handover and takeover ceremony held at Headquarters Mechanised Brigade at Inkomo Barracks last week, Chimonyo said Government was aware of the challenges faced by its workers and was working on addressing them.

“ I am aware of the logistical challenges the organisation is facing as a result of illegal sanctions imposed by the erstwhile colonisers .

The Government is working to improve the general conditions of service for both the civil service and our armed and security forces and we all need to be patient.”

“For troops, you are aware that determination to wait is a key skill required in your daily operations. Besides the numerous challenges you are facing in your workplace, I am aware of your ultimate sacrifice as well as your loyalty and dedication to the Republic of Zimbabwe.

In that regard, we are fully committed to regularly review and improve your conditions of service as the country’s economy improves.”

Army

Mimosa Confirms Fatal Mining Accident At Its Zvishavane Site

Mimosa Mining Company has confirmed that a fatal mining accident at its Zvishavane site resulted in the injury and ultimate death of one of its employees on Saturday last week.

Below is the Mimosa Mining Company press release;

It is with deep regret that Mimosa Mining Company advises of a fatal mining accident at its mining location in Zvishavane.

At 23.20hours on Saturday the 22nd of June 2019, Tichaona Nedziwe (39) was barring down in a supported area at 22 Level South when a rock fell and seriously injured him. First aid was promptly administered and Tichaona was evacuated from the mine. Unfortunately he passed on upon admission at the mine clinic.

Tichaona was engaged as a Face Preparation Supervisor. He began his service with Mimosa on the 5th of October 2017. 

He is survived by his wife, Emily and four children.

The Mimosa Board, management and staff would like to express their sincere condolences to Tichaona’s family, his relatives and friends.

A full investigation is now underway to determine the exact circumstances surrounding the accident.

Mimosa continues to urge all employees to exercise maximum diligence and reiterates its commitment to attaining ZERO HARM in all its activities.

ZIFA Dismisses Mliswa Corruption Allegations

Farai Dziva|The Zimbabwe Football Association (ZIFA) has made a response to accusations by Member of Parliament for Norton Temba Mliswa.

Mliswa alleged that officials from the football body stole part of the money meant to fund the national team during their Afcon campaign, causing delays in paying the players’ allowances.

The Warriors threatened not to fulfil the Afcon opener against Egypt on Thursday, and the payment was only made nine hours before the kick-off on Friday.

Zifa has asked Mliswa to verify his allegations.

However Mliswa has vowed to expose corruption in the association.

Temba Mliswa

Mnangagwa Sidekick Ezra Chadzamira “Tops” List Of ZESA Defaulters

Farai Dziva|Well placed ZESA sources have alleged that Masvingo Minister of State For Provincial Affairs Ezra Chadzamira’s name is on top of the company’s list of defaulters.

This comes at a time the country is grappling with incessant power cuts as ZESA battles with ballooning debt.

“Minister Chadzamira’ s name is on top of the list of ZESA defaulters in Masvingo Province.

While I cannot disclose the exact figure he owes us, I can tell you that he breached a payment plan we had designed for him,” said a ZESA official.

While the exact figure ZESA is presently owed by consumers, in 2016 the power utility was owed more than $1 billion.

“In the interest of service provision, the power utility has stepped up credit control measures in order to recover the debt owed.

All defaulting business consumers in the commercial, mining, industrial, domestic (post-paid) and farming sectors are required to make payment plans in order to clear their bills within six months,” said another source.

“It is unfortunate Zanu PF officials are untouchable but they owe us a lot of money.”

Coltart Describes Ban On Use Of Foreign Currency As Sheer Madness

Farai Dziva|MDC official David Coltart has described the ban on the us of foreign currency as “sheer madness.”

“I am looking into this but my initial view is that the Minister cannot use a Statutory Instrument to change the Finance Act. But that is not the main problem – because they can easily rectify that.”

“The main problem is that this goes against fundamental inviolable economic laws.”

Coltart added: “Such a shame that Minister Ncube didn’t read this sensible advice in just last Friday’s @Zimindependent

. His policy is sheer madness and will cause even greater chaos. Does he not listen.”

“As Treasurer General of the #MDC I have commented in detail. For the avoidance of doubt this is a catastrophically bad policy which will greatly exacerbate the economic crisis in #Zimbabwe.”

“Let all men know how empty and worthless is the power of kings, for there is none worthy of the name, but He whom heaven, earth, and sea obey by eternal laws” This was attributed to King Canute and Mnangagwa and Minister Ncube should remember that economic laws are the same. “

David Coltart

Uproar As RBZ Bans Use Of Foreign Currency

Farai Dziva|Zimbabweans have reacted angrily to the ban imposed on the use of foreign currency by the Reserve Bank of Zimbabwe.

The story is currently trending on social media platforms and Zimbabweans are demanding the immediate resignation of Finance Minister Finance Mthuli Ncube.

The Reserve Bank of Zimbabwe has with effect from 24 June 2019, banned the use of foreign currencies as legal tender.

According to Statutory Instrument 142 of 2019, the United states dollar, Botswana Pula and South Africa Rand are no longer legal tender in Zimbabwe.
Part of the SI reads:

Subject to section 3, with effect from 24th June 2019, the British pound, United States dollars, South African rand, Botswana pula and any other foreign currency whatsoever shall no longer be legal tender alongside the Zimbabwe dollar in any transactions in Zimbabwe.

Mthuli Ncube

LIVE- ZIM DOLLAR RETURN: CAN THIS BE REVERSED? MDC SPEAKS

By Business Reporter| The Reserve Bank of Zimbabwe has with effect from today, the 24th June 2019, banned the use of foreign currencies as legal tender. 

The central bank announced this in a Statutory Instrument 142 of 2019.

The instrument also announces the return of the Zimbabwean dollar.

The government gazette instructs that the United states dollar, Botswana Pula and South Africa Rand are no longer legal tender in Zimbabwe.

Can this be reversed? 

Speaking to ZimEye, the MDC Chiefwhip, Hon Prosper Mutseyami said, “the new SI like any other SI do not come through Parliament. SIs are delegated legislation and the Minister is empowered to announce without consulting Parliament. The Parliamentary legal committee (PLC) will only issue an adverse report in the event the SI is ultra virus to the constitution.”

 

Meanwhile, the SI reads in part:

Subject to section 3, with effect from 24th June 2019, the British pound, United States dollars, South African rand, Botswana pula and any other foreign currency whatsoever shall no longer be legal tender alongside the Zimbabwe dollar in any transactions in Zimbabwe.

Full text below.

“Mthuli Ncube, A Mere Carpenter Thriving On Voodoo Economics”

Farai Dziva|Social media analyst Anthony Taruvinga has castigated the decision by Emmerson Mnangagwa’ s government to ban the use of foreign currency in Zimbabwe as disastrous.

Taruvinga described Mthuli Ncube as a carpenter thriving on voodoo economics.

“In an open economy with market determination of prices, exchange rate movements are the most important indicator of the underlying macro economic fundamentals, as the same goes, when in doubts, on observe the exchange rates.

The lessons from history of all governments is that you can’t manage an economy with propaganda.

In fact, you can engage in all the propaganda you want but if the fundamentals are weak, the exchange rates will expose you, remember Dr. Mahamadu Bawumia, Vice President of Ghana.”

Mthuli Ncube

BREAKING: Zim Dollar Returns As Mnangagwa’s RBZ Bans Use Of US US Dollar, Pound, Rand

By Business Reporter| The Reserve Bank of Zimbabwe has with effect from today, the 24th June 2019, banned the use of foreign currencies as legal tender. 

The central bank announced this in a Statutory Instrument 142 of 2019.

The instrument also announces the return of the Zimbabwean dollar.

The government gazette instructs that the United states dollar, Botswana Pula and South Africa Rand are no longer legal tender in Zimbabwe.

 

Can this be reversed? 

Speaking to ZimEye, the MDC Chiefwhip, Hon Prosper Mutseyami said, “the new SI like any other SI do not come through Parliament. SIs are delegated legislation and the Minister is empowered to announce without consulting Parliament. The Parliamentary legal committee (PLC) will only issue an adverse report in the event the SI is ultra virus to the constitution.”

 

Meanwhile, the SI reads in part:

Subject to section 3, with effect from 24th June 2019, the British pound, United States dollars, South African rand, Botswana pula and any other foreign currency whatsoever shall no longer be legal tender alongside the Zimbabwe dollar in any transactions in Zimbabwe.

Full text below.

RBZ Ban On Use Of Foreign Currency :Zimbabweans Blast Mnangagwa, Mthuli Ncube

Farai Dziva|Angry Zimbabweans have blasted Zanu PF leader Emmerson Mnangangwa and Finance Minister Mthuli Ncube for making an “ill-Informed” decision to ban the use of foreign currency as legal tender in Zimbabwe.

See some of the comments below:

Simeon Munda:
It’s not practical without a legal tender.

Lucy Kotokwa:Day light robbery
LORD HAVE Mercy.

Jacob Meroh: That’s great they are campaigning for 2023 elections themselves wait and this is the beginning of the closure of shops .If it is true let us see till Monday first of july what are they going to say.

Tariro Ndoro: Ignorance is a disease. There is no economy to sustain such an ill-conceived move, and the black market will blossom. All formal and informal traders will still need forex to purchase their supplies from RSA and other countries.

The bearer’s cheque-cum-bond note-cum-RTGS is not exchangeable at any bank beyond Zim borders. Only idiots with no understanding of the real meaning of money will celebrate this stupid, naive and reckless decision by an out-of-sorts regime. Why this man calls himself president is beyond me. His days in charge are numbered.

Emmerson Mnangagwa

Mnangagwa, Chiwenga Not On Talking Terms?

Spotlight Zimbabwe claims that the working relationship between President Emmerson Mnangagwa and his Deputy Constantino Chiwenga is at an all-time low as the two jostles for control of the ruling party and country.

The report cites unnamed sources in the Office of the President and Cabinet (OPC) who said that the two are no longer on speaking terms since the VP returned from India where he had gone for a medical review.

Part of the report reads:

“Chiwenga has not been seen in public nor appeared on state television for over a month, raising a red political flag that he could be planning to brew a shocker, in the form of kicking Mnangagwa out of power, using his reported health woes as a perfect cover story for his absence, government insiders have said.”

Tragedy As Headmaster Dies After Falling From A Tree Harvesting Avocados

By Own Correspondent- The Headmaster of St Ludger Primary School in Marondera is reported to have died after he fell from an Avocado tree.

According to the Progressive Teachers Union of Zimbabwe (PTUZ) secretary-general Raymond Majongwe, the headmaster was harvesting the avocados for sale at his market stall.

https://twitter.com/RMajongwe/status/1142910868906229760

This is a developing story. Refresh this page for details

After All This Confusion, Will Mnangagwa Survive Another Day In Office?

By Dorrothy Moyo| Teachers’ Union leader, Raymond Majongwe has reminded ZANU PF leader Emmerson Mnangagwa of a special message delivered by a spirit medium to him.

The unnamed spirit medium allegedly told Mnangagwa that he will never be able govern the country once people are hungry.

Speaking at Victorial Falls, Majongwe said Mnangagwa was told by a spirit medium the nation will be ungovernable when people are hungry.

https://twitter.com/RMajongwe/status/1142159801998356481

Said Majongwe, ” We need to know and carry the message to the president. I told him in his face on the 21st of December when I met him at his Monomotapa offices, that comrade president things are not well, and I repeat, I told him as well at the conference centre at the church meeting, at Celebration Centre.

“The truth of the matter when president Emmerson Mnangagwa was inaugurated as president there is a spirit medium who spoke to him and said, a country cannot be ruled once the people are hungry. A country cannot be ruled once the people are hungry.

“Allow me to say I have come here to give a solidarity message to headmasters who are critical components of delivering proper education service delivery to this country.

“Any nation that does not respect its teachers does not deserve any respect.

“In 1981, Simon Vengesai Muzenda said, ” a nation that does not respect its teachers is doomed. I see doom in this nation. Teachers have been relegated to vagrants. I have 4 reports of teachers who died this year because they were abusing alcohol. To get to the point where your wife refuses to sleep with you because you are contributing nothing. Serious homes have collapsed because women are running away from teachers as husbands. How do you then make sure how do you inspire progress in the nation when you are a laughing stock? The underwear that you wearing is torn, the sock that you’re wearing is torn?

“Your stomach is empty; if there is a machine that I can scan all I see in there are small matembas… how do you inspire these children to be relevant in this country?

“When we sit to interrogate the destinies of Nations we must also sit to interrogate the people who are supposed to make those destinations viable, relevant and achievable. You can’t talk of a national vision 2030…”

‘Recall Professor Mthuli Ncube’s Doctorate,’ Jonathan Moyo Fumes Over Govt Move To End Multi-Currency System

‘You Cant Force And Command People To Use A Currency Until You Have Laid The Right Fundamentals’

According to Hopewell Chin’ono, government should not force people to use a currency when the fundamentals are not in place.

“The RBZ & @MthuliNcube have “legislated” the RTGS as the only legal tender & yet government will continue demanding US$s for its duties according to this document, yet to be verified! You can’t force & command people to use a currency until you have laid the right fundamentals!,” Tweeted Chin’ono.

BREAKING: RBZ Bans Use Of Foreign Currency As Legal Tender With Effect From Today

The Reserve Bank of Zimbabwe has with effect from today, the 24th June 2019, banned the use of foreign currencies as legal tender.

The central bank announced this in a Statutory Instrument 142 of 2019.

The government gazette instructs that the United states dollar, Botswana Pula and South Africa Rand are no longer legal tender in Zimbabwe.

The SI reads in part:

Subject to section 3, with effect from 24th June 2019, the British pound, United States dollars, South African rand, Botswana pula and any other foreign currency whatsoever shall no longer be legal tender alongside the Zimbabwe dollar in any transactions in Zimbabwe.

Full text below.

Breaking: Govt Outlaws Use Of US Dollar, Rand And Other Foreign Currency, RTGS Dollar Immediately The Only Currency Accepted In The Country

The government has with immediate effect banned use of all foreign currency in the country declaring the Zimbabwe Dollar or RTGS Dollar as the only legal currency in the country.

See the Government Gazette notice just issued below.

This is a developing story. More details to follow.

Tough Times For Austerity Hit Zim Workers As Rent Board Rules In Favour Of USD Rentals

Many Harare residents fear they could soon be homeless now that landlords are allowed to charge rent In US dollars.

Locals still earn salaries In real-time gross transfer (RTGS) dollars, which are six times weaker than the US dollar and 11 times weaker on the black market.

Most citizens have access to the US dollar only through the black market.

Recently, tenants at the Croco Motors­ owned residential park, Norbridge Court, in Harare, reported their landlord to the Rent Board for charging them in US dollars.

The board, which arbitrates disputes be­tween a landlord and a tenant, ruled in favour of Croco Motors, which means it is allowed to demand payment in forex.

The monthly rent for the premises in which you reside shall be $170 for a bedsitter and $215 fora bachelor,” reads a notice from Tawanda Chivaro, the property manager.

-Sunday Times