As expected, Minister Chinamasa has been running around but then he seems to have been running right into the jaws of imperialists clothed as the IMF. As usual the IMF is turning the screws slowly coming with the usual conditionalities – Zimbabwe should pay up its loans to the IMF, World Bank and the African Development Bank and that Government should cut its wage bill – before the Bretton Woods institution releases any funds.
TODAY’S sermon is mainly about Finance Minister, Cde Patrick Chinamasa and the IMF. Who would want to be Cde Chinamasa in these times and is the IMF trying to play a fast one by smuggling the dreaded Esap into the country’s economic policy? The red flags are all over the place.
Of course, this poor Bishop has some piece of advice for two Zanu-PF brothers – Cdes Makhosini Hlongwane and Oliver Mandipaka. Reports say these two are talking about the introduction of some local currency but the Bishop thinks they should just shut up! More about this later.
Before plunging into today’s sermon, I need to alert you dear reader to interesting developments in Nigeria. A few weeks ago, I told you dear reader that a soft coup had taken place in Nigeria after the defeat of the then President Goodluck Jonathan by General Muhammadu Buhari. I pointed out that to an extent, one can safely conclude that President Buhari had covertly used the blood thirsty warmongers in Boko Haram to terrorise people and win votes in the presidential elections.
Some people thought this poor Bishop had gone nuts, but see what’s happening in Nigeria now. Suddenly, the Nigerian army which all along was scared to death to venture into the vast Sambisa forest to hunt down Boko Haram has found the courage to do so. Really?
And not only that, suddenly the army is finding it so easy to rescue hundreds of women and children from Boko Haram. First the Nigerian army told us that it had rescued about 300 women and children then within a few days, the army boasted that it had rescued a further 234 women and children. The women and children were paraded as if they were walking back from the shops. Whaaaal! What a strong army we have here!
This Bishop is no fool and wont be fooled. The did was done at the end of March and so Boko Haram has to take it easy waiting for the next coup. This oga thinks he is clever isn’t it? Well, what goes around comes around. Let’s watch the space!
Let’s leave the Nigerians to sort themselves out. Now back to today’s sermon. This poor Bishop thinks Cde Chinamasa is in a serious dilemma and he has to play some serious balancing act.
Clearly, the figures in terms of revenue collection and other sources of oiling the fiscus are not adding up to the demands and priorities facing the Government. This reality has jolted the good Minister and somehow he has to find the money to balance the books.
The country’s wage bill is reported to be chewing about 76 percent of revenue collected and ask any economist they will tell you this is not sustainable and could spell disaster in the long run.
As expected, Minister Chinamasa has been running around but then he seems to have been running right into the jaws of imperialists clothed as the IMF.
As usual the IMF is turning the screws slowly coming with the usual conditionalities – Zimbabwe should pay up its loans to the IMF, World Bank and the African Development Bank and that Government should cut its wage bill – before the Bretton Woods institution releases any funds.
The IMF is really a cunning fox – slowly the institution is drawing Cde Chinamasa to its Esap-like prescription and the Minister is swimming in very dangerous waters.
There is talk now about retrenchment in the civil service in a bid to cut the wage bill. If this happens, thousands of people will lose their jobs and in these times who would want to put thousands of people in the street? What will this mean for the ruling Zanu-PF? What will this mean in 2018?
Minister Chinamasa must be having all sorts of headaches – how does he juggle this one? A wage bill chewing about 76 percent of revenue collected and retrenching thousands in these difficult times? Should the Minister “please” the IMF or he should take a cue from Government?
Ordinarily one would say, the choice is obvious but ask Minister Chinamasa and he will confess that he is between a hard place and a rock.
This Bishop would not want to be Minister Chinamasa in these times. His shoes are just too hot and yet he should walk straight up. Already, some are judging Cde Chinamasa saying he has sold out to the IMF but its only the cook who knows how hot the stove can be.
While Cde Chinamasa is sweating trying to balance things, Cde Hlongwane and Cde Mandipaka are brewing up their own poison. Reports say these two plan to move a motion in Parliament to force Government to introduce a new currency.
This poor Bishop does not know what is really informing these two gentlemen to come up with this idea but this Bishop knows for certain that the talk about a new currency is what the RBZ Governor Dr John Mangudya does not want to hear now.
Dr Mangudya in the past few months has managed to successfully introduce bond coins and the market is beginning to warm up to the bond coins.
Now, why on earth would some two legislators just wake up and start hallucinating about the introduction of a new currency? Can’t they see they will spoil the soup?
Lets leave Dr Mangudya to handle currency issues while MPs should focus on what they know best which is formulating laws.
I sincerely hope that reports that these two want to move a motion on the introduction of a local currency are not true. If the reports are true then that’s very unfortunate.
Don’t get me wrong dear reader – I am not in any way against the introduction of a local currency but its so obvious that this is not the time to start talking about that.
And if this issue is to be talked about, its better left in the hands of competent people.
Bishop is out!
701 total views, 1 views today