Economy backsliding under ZANU PF government

via Economy backsliding under ZANU PF government | SW Radio Africa by Tichaona Sibanda   October 2, 2013

Two months after ZANU PF’s ‘overwhelming victory’ in the July elections, the Zimbabwean economy has slowed almost to a halt, according to analysts.

For most ordinary Zimbabweans fixing the economy is key. They are demanding a functioning economy that works under the rule of law. Economic analyst Bekithemba Mhlanga said the economy has remained stagnant because of poor politics that emerged from the disputed elections.

‘An economy will never thrive under an authoritarian leadership that is well known for its financial mismanagement. There is also the issue of poor infrastructure and bad policies, all these act as catalysts in slowing down the economy.

‘Government needs revenue to be operational but there is no money because there is a 90 percent unemployment rate, so few people are paying income tax,’ Mhlanga said.

Since the outcome of the elections, there has been pessimism from many quarters that the ZANU PF government would be able to get the economy heading in the right direction.

As the country faces its most serious socio-political crisis in five years, many Zimbabweans are also pessimistic about their lives and the direction of the country’s economy.

Harare based journalist Itai Dzamara told SW Radio Africa’s Hidden Story program that massive water shortages and power outages in recent weeks highlight the slide into economic, social and political disarray.

‘ZANU PF is clueless to what is happening in the country and they have no ideas how to put brakes on the cascading crisis. Just three months after the polls there is severe disillusionment with the new political establishment.

‘Zimbabwe is overwhelmed by high unemployment, endemic corruption and soon there shall be social unrest if the government remains paralyzed to the ever growing problems of water shortages and power cuts,’ Dzamara said.

Businessman and top MDC-T official Charlton Hwende said while it may be too early to judge the success or failure of President Robert Mugabe’s controversial win one thing is clear; there is mounting dissatisfaction in Zimbabwe.

‘The Zimbabwean people feel betrayed, ZANU PF lied to people that they will fix the economy and empower them. Those electioneering words created unprecedented expectations, but there has been nothing coming from ZANU PF.

‘They promised salary hikes for civil servants, they promised the rural folk with farming inputs and today that hasn’t been forthcoming from the government that used lies to rig the elections,’ Hwende said.

He added: ‘That election victory to make things better has made it worse. The government is only focused on consolidating power, when it should be ensuring economic recovery.’

ZANU PF has tried to deflect the mounting criticism it is facing by blaming sanctions imposed by the United States and other leading European countries.

However the US embassy in Harare on Wednesday issued a statement via twitter saying sanctions only apply to fewer than 120 ‘Zimbabwean individuals’ unlike in Iran where the restrictive measures are nation based.

‘After the U.S. government first applied targeted sanctions in 2003, bilateral trade between Zimbabwe and the U.S. doubled over the next five years. Zimbabwe had stopped servicing its debts and was therefore unable to borrow from the World Bank and IMF before the U.S. imposed sanctions,’ the US statement said.

The embassy in Harare added that in reality, Zimbabwe cannot borrow from the IMF, World Bank, or African Development Bank because it stopped servicing its debts to those institutions more than 10 years ago.

This terse statement seeks to debunk the myth by ZANU PF that ‘the U.S. blocks Zimbabwe’s access to multilateral loans.’

 

COMMENTS

WORDPRESS: 15
  • comment-avatar

    Not surprising. It’s much easier to destroy something, then to try and build something. Mugabe and ZANU-PF only know how to take, not to give back to the people.

  • comment-avatar
    Tiger Shona 7 years ago

    At the moment, our future looks pretty bleak

  • comment-avatar
    Macon Pane 7 years ago

    Wow… who would have expected this.

    Quite the under-whelming news. But, all things must be reported… even those that were foregone conclusions.

    But, how well can the average Zimbabwean see the corruption and mismanagement above the distracting shouts of ZANUPF… and what can they do about it..? It’s just been proven again that their vote and legal rights are worthless under ZANUPF control.

  • comment-avatar
    maisokwazo 7 years ago

    Well what would you expect from rotting meat? Smelly Smells Smelt and smelling that’s ZANU at its best it smells.

  • comment-avatar
    mark longhurst 7 years ago

    for all those who did vote for this corrupt regime of old warmongerers and mass murderers you now get what you lied and stole and election for

  • comment-avatar
    thembani 7 years ago

    Kikiki.Things will get better soon.

  • comment-avatar
    Rwendo 7 years ago

    Patience! The first month was spent trying to assist ZANU-PF MPs in shock at winning previously impossible seats….then there was the planning for that windfall UN meeting – trip, into the heart of the ‘hated” USA (shame…shame…shame). Ok, so now they will get to business of fixing the economy. They will soon do all the things they accused Biti of not doing, with money that government didn’t have. They are talking to Nikuv as we speak. All those economic indicators will soon turn north. Patience…

  • comment-avatar
    Themba Mlangeni 7 years ago

    No suffering in Zim can compensate for the pain I had the first week of August

  • comment-avatar
    munzwa 7 years ago

    did we expect anything different?

  • comment-avatar
    masvukupete 7 years ago

    Nikuv may be called in to help with fixing economic statistics!!! kikikikiki! Remember before 2005 we had our government claiming a low inflation and exchange rate whilst back at the ranch everything was ballooning out of control. I see that happening again where there will be claims of economic boom and employment figures and alas tax collection, rine manyanga…… These guys are allergic to real true numbers.

    • comment-avatar
      B.Mathe 7 years ago

      We have not seen anything yet wait for more colera then we will know where to cast our vote next time. Sure how can grow ups be misled by issues of poor donated chinese utencils which costed almost 50c but whats wrong with us Zimbabweans are we too educated or stupid when we behave like that.IM TRUELY SHOCKED TO SAY THE LEAST. FOR HOW LONG SHALL WE BOW TO THIS CHEATING.

  • comment-avatar
    Guvnor 7 years ago

    The zanu muppets are completely incapable of addressing the genuine concerns of Zimbabwean citizens. Shamefully they cling to power in order to enjoy benefits they have neither earned nor merit. They are delusional in thinking that anything at all will improve with their luke warm approach to work and progress.

  • comment-avatar
    adam jones 7 years ago

    they are busy stealing. varemwa no kuba they can’t stop even if they tried. zvava muropa. they steal all and everything – including elections. the economy will grind to halt they will even steal the halt. remeber OK selling fire wood in 2008? that was caused by the same zanu that has rigged again. MDC, even only contrlling 10% of government, rescued the country. now back to kwazvimba. even the US dollar has to come from somewhere, a functional economy. not one where if you mark a dollar note with a pen, you can trace it pass from tomatto seller to airtime trader and back to you within the hour. no wealth has been created meanwhile. just passing the same note around.

  • comment-avatar
    Macon Pane 7 years ago

    Those “muppets” will address something only if it will help them line their own pockets, or silence the opposition.

    Around the world, studies in African History include Zimbabwe’s fight to cast off colonialism… but now, those studies will also include entire chapters explaining the aftermath and rape of the nation by ZANUPF.

    The whole world will know of the travesties, and no amount of spin and lies and attempts to revise history will cover up the nastiness and corruption ZANUPF has brought upon innocent people. Robert Mugabe’s name will forever be associated with filth. THAT will be the legacy.

  • comment-avatar
    maisokwazo 7 years ago

    Maiti zvinoenda nepi ZIMBABWE ZIMBABWEANS AND GULLIBLE ZIMBABWEANS SO GULLIBLE VERY GULLIABLE VERY VERY GULLIBLE beguile in your misery but chisingapere chinoshura