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President Emmerson Mnangagwa’s under-fire administration has said there would be no quick fix to transport challenges and urged people to walk to and from town in order to reduce the spread of the Covid-19 pandemic.
Letter from America with Ken Mufuka
No man intentionally disgraces himself. But brother Mthuli Ncube should have known the possible risk, and the possibility of being thoroughly disgraced if such confidential communication was broadcast to the whole world.
We will follow the rules of argument. First, we must recapture what Ncube said in the letter in his own words before we apportion the disgrace that came with it.
Zimbabwe’s economy is set to shrink by 6.5% this year – its first contraction in a decade – after a drought and power shortages, the finance minister said on Thursday.
Zimbabwe’s energy regulator has raised petrol and diesel prices by up to 16%, the fourth increase this year, after the finance minister said fuel was considerably cheaper than in neighbouring countries.
By Professor Mthuli Ncube
Zimbabwe is on a journey. A marathon. Indeed, sometimes it feels more of a steeplechase. As although the journey has just begun, we have faced a multitude of challenges to overcome already. This was not unexpected. And as responsible economists, you must always prepare to tackle these obstacles.
When embarking on an arduous journey such as the complete reformation and rebuilding of an economy, it is however crucial you know what your destination is. We know what our destination is: It is middle income status. It is prosperity for the people of Zimbabwe.
But knowing your destination is not always enough. You must be willing to deal with those hardships, those challenges, which inevitably crop up on any difficult journey.
Most importantly, you must take control of as many factors as possible. You must have control over your destiny.
This week, Zimbabwe took back control of its economic destiny.
By Chenayi Mutambasere
A few people have reached out to me with regards to the most recent announcement from Mthuli’s book of Zanuconomics. Most want to know what does it mean in practical sense and what should I do ?
Well I will list here a quick synopsis to answer these questions with the caveat that like any market only the future will tell but allow me if I may to make some educated predictions and observations.
Dear Citizens
Having read Mthuli’s interview statement as presented by the Herald I see that yet again he is trying to blind the citizens with ambiguous smoke and mirror statements . That under examination don’t make any sense and are probably not worth much . Incase any of you get the chance meeting with the Zanuconomic Specialist here are 10 key questions you can ask him.
By Prof Mthuli Ncube
President Emmerson Mnangagwa commissions new Zupco buses that Government acquired in an effort to ease transport woes in this file photo.
The recently introduced ZUPCO subsidies are helping many Zimbabweans on a daily basis as a direct result of a budget surplus. Sensible economics always trickles down
A former US Secretary of the Treasury once noted that, “the budget is not just a collection of numbers, but an expression of our values and aspirations.”
Indeed, a culture of overspending and irresponsible finances trickles down and spreads like a disease. It undermines our very basic values and aspirations.
By Professor Mthuli Ncube
As Minister of Finance, I often feel frustrated that we don’t live in a perfect world with perfect conditions. So many factors are out of our control; from natural disasters, to global events; from oil prices to the outbreak of disease. We are also in a democracy with lots of decision-makers. We operate in bureaucracies which take time for the wheels to turn.
Finance and Economic Development Minister Professor Mthuli Ncube says Government will continue to implement appropriate fiscal measures to bring inflation down to single-digit levels by year end.