Monday, 25 November 2013

Zimbabwe: An anticipated economic train wreck - By Melusi Sibanda

Let’s face the facts we are headed towards another economic disaster. It is unavoidable as the ZANU PF government have no clue on micro-economic issues. It’s been 3 months since they ‘won’ the election and unemployment is back at 90% meaning the job market is basically non-existent. Yet again innocent hardworking Zimbabweans find themselves starring in to another ZANU PF abyss.

Industry is in full decline at an ever increasing rate particularly in Bulawayo were lay-offs are as common as potholes in the streets. Productivity has taken a nose dive and the Reserve Bank is powerless to provide a much needed financial stimulus. They have no resources to kick start the economy with US style quantitative easing. The banks are running out of money...

There are rumours of billion dollar loans from our ‘good old’ friends the Chinese however I wouldn’t hold my breath on that, besides, what would they be receiving in return – our children’s children’s resources. Will the common man ever see this money if it does come through?
So to put it mildly – we are screwed!

Thanks again ZANU PF


Melusi Sibanda – Information & Publicity Secretary ROHRZIM Bradford Branch

No comments:

Post a Comment