Business plotting to topple me: ED

Source: Business plotting to topple me: ED | Newsday (News)

PRESIDENT Emmerson Mnangagwa has blamed business and hostile foreign governments for the collapse of the local currency and destabilising his government to force him out of power.


Addressing an ordinary session of the Zanu PF politburo in Harare yesterday, Mnangagwa sought to shift the blame for the poor economic performance from his government.

“On the economic front, we are witnessing a relentless attack on our currency and the economy in general through exorbitant pricing models,” he said in a surprise statement.

“We are fully cognisant that this is a battle being fuelled by our political detractors, elite opportunists and malcontents who are bent on pushing a nefarious agenda.”

Mnangagwa’s government has failed to contain inflation, shortage of basic commodities and the collapse of the local currency against the greenback.

The Zanu PF leader has often blamed sanctions for his failures, and now sabotage by political opportunists.
Mnangagwa also warned those sharpening their swords against his party, saying they would not win the war because he was fully aware of their intentions.

“They will never win,” the 77-year-old said.

“We did not liberate this country for selfish profiteers and greedy individuals, but for all the people in our land who have the right to enjoy a better quality of life. As a party, we must always strive to achieve this.”

The local currency has continued to lose value as prices have shot through the roof despite an attempt by government to impose a price increase moratorium.

But Mnangagwa yesterday said the price hikes were confrontational.

“The confrontational actions which played out in the political, economic and media arena, were not isolated incidents, but well-orchestrated, co-ordinated and planned events,” he said.

“I am aware that the intention was to cause despondency, unrest, violence and to render the country ungovernable.”
Mnangagwa said he would not tolerate profiteering by businesses.

“These acts should never be tolerated. I urge the party and nation as a whole to remain alert. Let’s refuse to be divided by vigilantes who were hired by hostile foreign governments to distract us from our quest to grow (the economy) and improve the quality of lives for all, in peace, unity and love,” he said.

The post Business plotting to topple me: ED appeared first on NewsDay Zimbabwe.


  • comment-avatar
    mapingu 4 months ago

    Mr President why were you not candid enough to inform your intended audience that the chief “elite opportunists and malcontents” are are bent on bringing the economy (or rather who have brought)of the country 6 feet down none other than yourself, your own children, your proxies and your cronies. Everyone knows the very fresh and bleeding Drax case in which your own son, yes your very own son Mr President & your cronies have already siphoned, and most probably continue to siphon millions of US$ of State funds (gotten from well-meaning international donors for that matter). How about your so-called advisor Tagwirei and all his shenanigans surrounding millions, if not billions, of State funds that your government continue channeling to him through his companies; with neither accountability no tangible returns from the huge amounts yourself, and other State institutions have been dishing out to him? Mr President if truth be told: You are the godfather of the “elite opportunists & malcontents”. Hakuna waunobata kumeso mudhara; munhu wese anoziva hunhu bwenyu.

  • comment-avatar
    Ndonga 4 months ago

    ED said that he would not tolerate profiteering by businesses…!

    But surely business people are in business to make profits.

    What he should have said is that he would not tolerate the brazen daylight robbery and theft by his ZANU PF cronies and his close family members and their friends…and of course himself. Crimes that have increased alarmingly since he pushed out the Previous Thief in Charge and Grabbing Grace his wife.

    But we can all now clearly see that is why they all joined what we used to call The Struggle. It was to get a license to steal huge riches beyond their wildest dreams.

    While we the fools that supported them, even giving up our lives in many cases, landed in the horrible situation we now are in.

    And we all know that they are the are very people that have brought Zimbabwe and all of us to our knees.

    But in conclusion I must say that ED now appears to be a leader that knows that his leader days are numbered. And of course, he cannot find a way forward because he spends all his time looking backwards.

  • comment-avatar
    Marco Castro 4 months ago

    It was all predictable, to have a currency of your own first step it should be confidence in the economy. Without it is a matter of time before nose dive, no one to blame but the reality itself.

  • comment-avatar
    Tendai Marufu 4 months ago

    Aaaaah the Government is printing the money that is fueling and impregnating the inflation, they are the ones , its only the Governments can create inflation , we know this they think we are a stupid .

    We are not the ones

    • comment-avatar
      Nyoni 4 months ago

      It would be very clear to show the true owners of the land, all the people of Zimbabwe, how much money is being earned by exports and imports from all sources. Whatever happened to the billions stolen when Mugabe was on earth. It appears the regime is answerable to no one and will punish anyone who questions them. Such people are therefore not trustworthy to be in charge. Imagine running a business and then stealing the profits what happens then. This is what the regime has done and continues to do . Look inwards Mr Ed and see fault then do something about it. Although we all doubt it because you won’t.