DISCUSSION: The state of Zimbabwe's economy
Вставка
- Опубліковано 21 жов 2024
- Joining me now in studio to take the conversation further and perhaps give us a sense of what needs to be done is Temba Mliswa - the only Independent member of parliament in Zimbabwe
To help us make sense of the economic situation in the country is Zimbabwean Economist Eddie Cross.
For more news, visit: sabcnews.com
We as South Africans must salute Zimbabwe for leading the struggle. The struggle should reach us soon.
Mr Mliswa, you made some valid points. I'd like to share some light on this issue.
The situation is both tame and wicked. On the one side, we know that years of bad leadership and corruption have lead us here - so we know cause.
On the other, we have complex economic mess that seems to have no solution. Monetary and Fiscal policies that are completely toxic to our economy, and negative GDP.
If Mnangagwa had a genuine desire to change the economy, he would have gotten rid of all the corrupt officials. This has the dual effect of sending a clear message to the world that he is truly introducing a new dispensation. This would've boosted investor confidence. It would also have covered that black hole caused by corruption, ensuring funds coming in would not just disappear. He has not done this because he is corrupt himself, and enjoys proceeds of crime and fears losing support of his party.
After that, he should have resolved the land issue. He has more than 14 farms and he is not a farmer. Many ZANU PF officials have multiple farms after the land grabbing. That's not land reform and is again corruption and counter productive. He has not done it because it means he has to give up the farms he took for himself.
He should have dealt with mining. Mr Mliswa, everything natural in Zimbabwe is ours, all of us. The diamonds, gold, copper platinum, land ... it's for everyone not for ZANU PF only. He must have introduced policies around fair mining rights, transparency on extractions accountability, etc. Our minerals are being sold to the lowest bidder because of bribes and power games. Our future is being stolen daily, but Mnangagwa has not even glanced at this. He also owns a few diamond mines, and clearly doesn't want to lose them.
I can carry on, but I guess you get the picture. Mnangagwa and ZANU PF are not interested in fixing the economy, he is worried about staying in power. Yet again it's the ordinary citizens that suffer. Decisions being made are out of desperation, irrational and outright stupid.
A criminal does not arrest himself, take himself to court, charge, judge and sentence himself. ZANU PF cannot expel crimes it has great proficiency in, gained over nearly 4 decades. Mnangagwa was at the forefront of designing, implementing and executing these crimes. Are we to believe that he has changed overnight?
The situation is simple to fix, but very hard to do. Mnangagwa and ZANU PF are dark hearted, driven by greed and corrupted by power. They've shown clearly that power and control matter above all. That's why it's hard. Otherwise the economy can practically fix itself.
Spon brov
Zimbabwe prides itself as one of the best educated countries in Africa but the paradoxical question is, an education which can't chart the way for the country to move to a better direction economically?
Thami Zama where corruption is king, education value will not flourish and build a path for its people.
All ZANU should be pulled down, their properties taken ,sold , give money to victims of ZANU.
Is ED compitent himself? Why is a country run by a person who might not even be there in 15yrs to come just like what mugabe did?
ED wont arrest Obert Mpofu for the sole reason that they're together in the game. Also he sold out and let ED know that RG was after his life.
Its not about Cabinet ministers Themba.. We have a political crisis and a crisis of confidence until those are addressed its going in circles.
ED must go he's a scumbag period
Thanks Mr Mliswa zimbabwe needs people like you not Eddie Cross.
Can you elaborate why?
I'm very surprised Mr Cross says dollarisation can't work. He's been saying some uncharacteristic things of late. Have you been bought Eddie?
Dollarisation can't work for industry. The few industries which reopened will simply close.
@@movenmanjowe7615 It worked when the dollar was informally used, worked even better when legalized so what are you talking about?
Dollarization will work in the short run. Zimbabwe needs a weaker currency
The Administration has failed no fuel no food no electricity no water no love no clothes no everything data bundles too expensive transport fee too much no cash
Ukanzwa Eddie Cross Oti I dont know eish zvaoma
No passports!
Eddie was there usd readily available in the market in 2008, wake up Eddie zanu is playing with your mind.
Chinhu chafa ichi #zimbabwe
ED must go we are suffering no fuel no food no electricity no water no love no clothes no everything data bundles too expensive transport fee too much no cash
wandiuraya Tatenda .hanzi no love kkkkkkkkkkkk
@@choicejezzard1563 ehe moti mudzimba kana mari nechikafu ma1
@@choicejezzard1563 ehe mhoti mudzimba kana mari nechikafu musina rudo vashoma vanowana
Mnangagwa will never did anything in Zimbabwe because he rigged elections
I blame sadc and AU who said elections was free and fair whilst international community said elections was not free and fair
Vana Eddie Cross kubvira independence we need new names
see my comment above guy.
Peter ndoro must be given back his job
South Africa has Julius Malema
Zimbabwe has Temba Mliswa
If we vote them in we will see real change
Temba can not talk about corruption . Recently he g=had to step down as chair of Parliamentary committee on mine for soliciting for a US$40000 bribe to facilitate a contract to supply plant and equipment to Hwange coal mine.
Themba was financed by Tangwireyi during the election in order to make sure Mtsangwa does not win - He sister Mary is a Minister in Mnangangwa' s government - Peter you should have asked someone who is not conflicted to comment on the current Zim economy-
Temba and julius malema are entirely differnt ppl.its and insult for julious melema .
Thank u Mlisa
Zimbabwe is unfixable. Its main foreign currency resource was farming and when they decide to disregard property rights, they lost the competent farmers forever. Millions of hectares of land now lay unworked. As many people are jobless.
Jannie, it is fixable. By simply removing bad leadership and instituting better governance - problem is solved. The difficulty is getting rid of this corrupt dictatorship.
Shephard Mukachi, I must say that I used to agree with this point of view. Problem is two:
1. SA does not have a dictatorship, but as a one party state, suffers similar bad economic decisions.
2. No white farmer in his right mind will ever buy farms or trust the Zim government / indigenous people again. Damage will take generations to forgive and forget.
@@janni3dutoit Agree to your first point. SA is not far behind Zim in regards to toxic economic decisions and corruption too.
As for your 2nd point, I don't think it's about black or white farmers - the issue of land ownership inequalities was a problem for hundreds of years, and I agree that regaining trust might take just as long if not longer. You have to bear in mind always that black Africans are scared by years of foreign oppression, and black people are not trusting either - and that is not something we are going to forget.
However, that said, I believe the former white farmers know that the so called 'land reform' was actually land grabbing in a desperate attempt by Mugabe to please people that had lost faith in him and his ZANU PF regime, and we do not share the same mad sentiments or views. The land was actually not even shared fairly among the black either, it's only the privileged ZANU PF few that got most of the land, some even having more than 10 farms each and they are not even farmers. There are many excellent black farmers, my dad was one of them winning (cotton farmer of the year several times) - but he did not get a single farm.
Agreed it takes time to rebuild trust, but we need to admit wrongs done from both sides, and we must forget the black and white divides. We are all Africans, and should all treat each other fairly and equally. It seems impossible at the moment because the country is run by people who fought in the freedom war. They are using that to hold on to power and abuse the ones they supposedly fought for. However, once these self-proclaimed heroes are gone (gone the'll be soon too), you'll see that Zimbabweans will be united, irrespective of skin colour.
Eddie Cross, the big mouth, has an answer for everything, but all his predictions were all wrong
@Kwasi My friend, I am an ex UCT economic graduate who lives in Zim. Please just review all eddie cross youtube predictions in the past 10 months, which not even one is correct. He is Mthuli's best friend and brian behind all these policies caused the suffering of Zimbabwe people. He is the failec CEO of CSC and his own bakery. Those are facts
@Kwasi My dear friend, these bad policies, does not need a rocket scientist to figure it out. Devaluation cause hyper inflation. What kind of people would provoke for the devaluation of zim $
@Kwasi Just check youtube Mthuli UK Chatham house speech, before his speech the rate already fell to 3, when he came out, the rate fell to 5. His famous word"the black market is doing the job for me" quoted
@Kwasi Devalution does not work, as Zim is a huge importing country, everything is linked to USD. Has the demand and supply changed so much to justify 20:1. No, it is people's confidence. US has 22 trillion debt, debt to gdp ratio is worse than zim. Can you explain oil per barrel can drop from 180 to 40? Is there change in demand and supply? I found the answer in George Soro's "The Alchemy of Finance"~he is the guy caused asian financial crisis~.In his Chaos Theory, "People are often irrational and tend to follow others, once a trend is set, the rest will tend to follow that trend". This is particularlly true in Zim case, how do you bring back the negative trend, yet you have Mthuli and Governor going diff directions. Maybe the best way, it is to pray.
Themba makings sense, ED, EC (Edie Cross) and Mtuli are jus a bag of clueless chancers
Themba urimbwa haulume ukutadza kutaura chokwadi Kuti issue ndeye legitimate xaaa haulume
no Mnangagwa came when sanctions where there and if he can't govern under sanctions ....the thing is simple 'RESIGN" many people can improve the country under sanctions eg NELSON CHAMISA is ready
They all dahm Thieves man!
Nxa kambe sesingabuza imbuzi phakamise umsila sithi ngeyini. ED leqembu lakhe ngamasela kunzima ukuthi sela lixotshe elinye ngoba lilesazelo ngalowo omxotshayayo.
Zim was better off without the likes of mthuli guy should have been fired or resigned longback.surely seems the way he has destroyed our economy no doors are open for him anywhere .he is doomed no wonder he is hanging to our govt
Dzichachena ndebvu idzi muchiri vana vadoko so nyika iyi ine vene vayo
FArai 🤪 things are hard themba mliswa stattering....but uri kusvisvina chirungu!!
Mliswa what more can you say that is bad about Zanu is doing,after you benefited from the land grab thuggery?
SABC can you really look for real Zimbo's whom we can call the average Zimbo cause Mliswa does n't fit in that category.
we want more sanctions targeting RBZ and banking industry!!!!
Maybe Thé E.C.O Unitied Western Africa New Monetary Systèm Has Alternative Solution Use A 17 national flagstaff nations cCOINS Currencies System . With A Lease On Free-Trade Agreements Trans-Continental Civilités ACT Of ZIMBABWÉEN Application Of Citizenship In NIGER NATIONAL FLAGSTAFF NATION ! Zims Compréhensible Que Vision Hommage !
Ndiyoka pfeee yacho iyi munhamo chaimo
cluelessness cluelessness
Feja feja economist. System if corruption
Rhodesia>zimbabwe
Nicholas Wenzel 😂😂. You cannot even compare the two. Rhodesia was greatness
Sadly
Lairs stutter can't fool me, he is a puppet
As long is the sanctions remain in-place this will have a negative effect on the economy stupid..
The Sanctions that were imposed on Smith was of no comparison to the sanctions that was put in place after the land was repossessed..However the opposition is telling western countries to keep the sanctions in place, which is total madness.. What's really required is for both sides (MDC & ZANU) coming together on this issue, for the sake of the country...
David if you're a Zimbabwe citizen then you have every right of return to the country of your birth...The current President has said on more than one occasion that he will redress the land seizure issue and already a small number of farmers have returned, however once the sanctions have been lifted everyone will benefit..
final themba talks some sense.go tell that to yo grandfather when yu attend yo poland
😏😏😏😏😏
Sanctions!!!!!