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Which Eggs Do You Prefer- August Or July 30 Ones?

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WHICH EGGS MUST PEOPLE BUY NOW… AUGUST EGGS OR THOSE THAT MUST BE EATEN ON THE 30TH JULY?

Posted by ZimEye on Wednesday, July 18, 2018


Distribution Of Khupe Fliers Sparks Outrage

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Thokozani Khupe

Terrence Mawawa

Following the High Court Ruling that bars political parties from dragging school pupils into their activities, parents in Masvingo are unhappy with the distribution of MDC T leader Thokozani Khupe ‘ s campaign material in local institutions of learning.

Parents and teachers in the ancient city alleged that MDC T youths yesterday distributed fliers to pupils without notifying the relevant authorities.

“At Shakashe Primary School MDC T youths stormed the premises and distributed party fliers without seeking approval from the authorities.

We are concerned about the invasion and manipulation of learning institutions by politicians,” one parent fumed yesterday.

Shakashe Primary School head Antony Mashenjere was not immediately available for a comment.

MDC T youths also allegedly distributed party fliers in several schools in the city.

The Earthquake Justice Chigumba Talked About is Minutes Away. She Arrogantly Called For It, Let Her Enjoy!

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Blow For Zanu Pf: As Court Issues Compliance Order On Pupils’ Attendance At Rallies

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By Own Correspondent| A Masvingo High Court has issued an order compelling President Emmerson Mnangagwa’s Zanu-PF party to comply with a previous order issued by Justice Joseph Mafusire barring it from forcing school children to attend its rallies or using school premises, and resources such as buses and furniture for its rallies.

The ruling comes after the Amalgamated Rural Teachers Union of Zimbabwe (Artuz) filed an application for leave to execute the judgement pending appeal.

Artuz accused Zanu-PF of defying the order since the day the party filed an appeal at the Supreme Court.

Part of The latest order by the High Court reads:

“In the premises, the application for leave to execute is hereby granted in the following terms.

The application for leave to execute the judgement of this court granted on 28 June 2018 in case no HC 263/18 pending the appeal against the judgement noted by the first respondent (Zanu-PF)… is hereby granted:

Thus, the respondents their employees, members and/or agents are, notwithstanding the appeal, interdicted and restrained from:

a) Asking, encouraging or forcing children in schools from attending political rallies or causing the closure of schools for any of its po9litical rallies or activities,

b) Compelling teachers to attend rallies, wear party regalia, prepare performances for children to deliver at rallies or to make contributions towards rallies whether in cash or kind.

c) Using school property including school premises, buses. furniture, classrooms or any other property that belongs to the schools for any political rally or any other political purpose without the consent of the relevant school authorities.”

Zanu-PF was ordered to pay the costs.

 

VIDEO Link To Watch Chamisa’s Maungwe Rally Highlights | 2nd RALLY TODAY

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ZimEye brings our valued readers and viewers highlights of Nelson Chamisa’s 2nd rally held at Maungwe today. It’ll be streamed at 8:30 p.m. tonight. – REFRESH THIS PAGE FOR UPDATES.

BELOW ARE SOME LIVE PICTURES –   SHARE THIS PAGE FOR OTHERS…

MDC Alliance Official Dies

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Terrence Mawawa

An official in the MDC Alliance, Brian Chimuriwo has died.

In a statement released today the MDC Alliance Masvingo Province expressed shock at the death of Chimuriwo, the youth chairperson for ward 14, Zaka Central.Below is the statement:

The MDC Alliance has lost a gallant fighter, Brain Chimuriwo yesterday.

Senator Marava confirmed the death of Zaka Central ward 14 youth chairperson.

I Want To Make History At Juventus-Ronaldo

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Terrence Mawawa

Cristiano Ronaldo, after completing his medical at Juventus, has met with the press and has stated that he is looking forward to the challenges at the Old Lady.

Ronaldo will be paid a reported 30 million euros a year – which is believed to be more than double what Juve paid their previous highest-paid player Gonzalo Higuain.

“Juventus is one of the best teams in the world. It was a long-time decision I made. An easy decision for the size of the club and a very important step for my career,” he said.

“I’m a person who likes to think about the present. I’m still very young and I always liked the challenges, from Sporting, to Manchester and now Juventus.

“It’s a challenge, and I’m very prepared. Things will go well.”

“Players of my age usually go to other countries with all due respect. At this point in my career playing for such a big club makes me happy.

“I thank Juve for the great opportunity they have given me. ”

“I want to leave a mark in the history of Juve. I am very pleased with this challenge,” he added.

Dembare Hike Gate Charges For Madamburo Encounter

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Terrence Mawawa

Dynamos have raised their gate charges for their Castle Lager Premiership game against Ngezi Platinum Stars.

The encounter will be played at Rufaro Stadium on Sunday.

The cheapest ticket has been pegged at $5 while the VIP is going for $10. The VVIP is pegged at $20.

Kick-off is 3 pm.


Chamisa Woes Women: Promises A Better Life Post 30 July

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Chamisa Bhasera

Posted by ZimEye on Wednesday, July 18, 2018

By Own Correspondent| MDC Alliance leader Nelson Chamisa has promised women a better life post July 30 elections saying he understands their daily challenges hence his government will prioritise their needs.

Addressing a rally attended by hundreds of supporters in Bhasera, Gutu (Wednesday), Chamisa said he saw it fit to first pass through his rural home before he starts living at State House as the country’s new President post July 30.

Said Chamisa:

“For history’s sake, I saw it improper for me to go and start staying at State House before I come back and pass through my rural home.

I know the challenges that my parents experienced while raising me and trying to send me to school. I know the business ventures women go through trying to raise income selling tomatoes, vegetables, livestock.

I want to uplift women s lives in rural areas.”

 

Chamisa & Mnangagwa Totally Clueless That Zimbabwe Doesn’t Need Foreign Money

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President Emmerson Mnangagwa

FDI NOT THE PANACEA FOR ZIMBABWE’S ECONOMIC REVIVAL

 

By Jonathan Chando| In the past 7 months Zimbabweans have witnessed a hive of activity in terms of efforts to revive Zimbabwe’s economy. In the advent of the military power takeover, which saw the ouster of Robert Mugabe and the forceful ushering in, of Emmerson Mnangagwa, as head of state, there has been hyper activity under the “Zimbabwe is open for business” rhetoric. However there has been little indication (if at all), that there is any improvement on the ground.

This article seeks to analyse the direction our politicians have taken, in their quest to revive the economy, which desperately needs resuscitation.

The country has witnessed the President making, in excess of 15 sojourns, to countries across the world, with bowl in hand, scarf in neck, begging investors to come to Zimbabwe with their money. The China trip saw deals worth billions of dollars being signed, (dozens were signed before by Mugabe to no avail). Included in the deals as the country was told, were the supply of buses worth in excess of $500 million, for urban commuting. In excess of $1 billion worth of clothing in the form of ZANU PF regalia was also sourced from China on the same trip.

But are we desperate to find investors, so much as to waste the resources available, in travel expenses on the taxpayer’s account? Is this money not better used for other purposes, to alleviate the dire situation in our country?
What is the purpose of posting ambassadors to foreign countries if they cannot seal deals for the country? This article will interrogate this strategy by the President and his government in detail.

The country has also witnessed the opposition leaders make several trips, to the US, UK and South Africa, to engage(as they say), foreign governments and potential investors, in preparation for when/if they win elections and takeover government. We have even witnessed them telling (lying to) voters about how Trump promised a $15 billion windfall, should they win the election, and how they will build a $100 billion economy within a few years, sprawling with bullet trains and airports at growth points. Pensioners have been promised compensation of their lost pensions, while depositors who lost their savings in the RBZ’s Gideon Gono era, were promised US$ pegged reimbursements. We have also witnessed the so called opposition economists, together with their president, vowing that they will end the cash crisis in 14 days of winning elections. They have promised a cash injection from somewhere outside the country. What country would splash cash in such a way without due diligence and collateral security in return? A sudden return of confidence in the banking sector, is also being pledged, and the cash crisis will just vanish overnight and banks will start dishing out cash at ATMs, simply on the basis of the opposition being in charge. They also believe that all those hoarding money in their homes will suddenly take it into the banking system.
This article will also interrogate these opposition pronouncements, so as to test their feasibility and reliability.

Is lack of foreign direct investment (FDI) the cause of the downfall of Zimbabwe’s economy? Is FDI the real and most important means of reviving Zimbabwe’s economy?

It is imperative that we interrogate this seemingly important model of economic revival.

As stated above, the idea of lack of FDI as the main obstacle to Zimbabwe’s revitalisation has been permeated by both government and the opposition.  But it is not the means to the revival of the economy. Zimbabwe is not even hungry for FDI as both the ruling party and the main opposition alliance would like the people of Zimbabwe to believe.
This article will explain why FDI is only secondary to what is required.

RESTORATION OF THE ROTTEN GOVERNANCE CULTURE

Before any attempt to revive Zimbabwe’s economy begins, whoever is or will be in charge of the country after 1 August 2018 must start by analysing and reversing the rotten governance culture that has slowly but steadily ingrained itself into the country’s governance system.

Zimbabwe over all the years of its self governance, has developed a culture of institutionalised corruption, nepotism, theft and plunder with impunity, protection of criminals and general disregard of the law. This culture has infectiously entrenched itself in government, quasi government institutions, local authorities, in the private sector and in society in general. Government departments like the Registrar General’s office, which encompasses the issuing of passports, birth certificates, identity cards and death certificates, is well known for its corrupt activities. Other departments like IMMIGRATION and ZIMRA, have not been spared by this virus.
Jobs have been given on the basis of cronyism, family ties and sexual favours. Competency, transparency and accountability have been thrown out through the window.
Parastatals and other quasi government institutions have not been spared. Those in charge of these departments and institutions have plundered the resources belonging to the organisations they lead with impunity and gracious approval from the politicians in charge. The politicians have encouraged this, as they became the major beneficiaries of the plunder by civil servants, whom they appointed through nepotism and cronyism . Tenders for government and quasi government projects are now given to briefcase cronies. A point in issue is the recent granting of the tender for Presidential travel arrangements being granted to the wife of the coup leader, turned Vice President, with neither following tender procedure nor provision of requisite documents by the potential contractor.

The November power take over, which I have always called a coup, brought in a so called New Dispensation, which came with the slogan, “Zimbanwe is open for Business”.  The New President started with a trip to the Davos World Econmic Forum, where he started telling the world that the country was now open for FDI. This he did before he had done anything on the ground to change the country’s way of doing business.

But is it really open for business? Who had closed it in the first place? The answer to this is simple. When Mnangagwa took over the government with the help of the military, he appointed most members of the former Cabinet into the same positions they had previously occupied, and shifted a few into new portfolios.
When the military took over, they stated that they were hunting for criminals around then President Mugabe. But no one has ever been arrested and or charged with any crime, nor brought before the courts, to date. The nation was told that those who externalised money would be shamed, as well as arrested if they didn’t return the money within a specified amnesty period. Nothing was ever said about that, nor was anyone brought to book or shamed.

The same corrupt system is in charge of government, including the already corrupt civil service, and no attempt has been made to cleanse it. It is the very same system that closed Zimbabwe for business. How then would we expect to have a cleaner, newer, more efficient administration with the same corrupted system in place? The same corrupt elite has siphoned cash out of banks, government institutions and companies they control. They have vast loads of cash in their houses and abroad, while the country is on its knees. Some of their children have been arrested at borders trying to smuggle the cash out of the country, whether it was for business transactions or offshore banking, but no court proceedings against them have successfully been concluded.  The VP challenges the populace to use plastic money for all transactions, yet he is seen counting US$100 notes in public.
It is therefore futile to waste time soliciting for FDI when the same porous system is still intact.

CLEANSING THE ROT IN THE BANKING SECTOR
Reserve Bank currency leakages which result in money turning up on the streets and at borders, instead of banks, is a menace that needs to be reversed before any solution is sought to Zimbabwe’s crisis. Whether it is the RBZ itself or the commercial banks, responsible for this, the President needed to have resolved this crisis before jumping onto the plane to foreign lands.
It is clear that this rotten system involves syndicates which are controlled by high ranking politicians. The country has heard of companies associated with the President’s sons controlling the movement of cash from the RBZ, into the black market.

Control of key sectors of the economy by the likes of John Bredenkamp, Billy Rautenbach, and Nicholas van Hoogstraten, who are well known for allegations of underhand dealings and uncouth influence on governance, in partnership with the ruling elite, makes it difficult for sanity to ever prevail. Van Hoogstraten, who has convictions in the UK is allegedly influential in ZANU PF circles and has funded the party’s activities in return for protection of his property empire. Bredenkamp is known (according to Wikipedia)for sprucing up the Smith regime in the UDI era and involvement with the current political elite in the arms trade during the DRC war.
Rautenbach on the other hand is a specified person in South Africa for tax evasion and or other cases. He has been involved in mining in the DRC and was once put on sanctions over his alleged involvement in the DRC war, which he denies. Apart from his family transport business empire, he is involved in the Green Fuel project in Zimbabwe, which involves senior ZANU PF politicians.
The three are alleged to have corruptly built empires in the mining, agricultural, oil, wildlife, manufacturing. and transport sectors, in connivance with politicians.
Their murky involvement and influence in Zimbabwe’s economy with politicians, retards the current regime’s clean slate on good governance.

Even if billions of dollars are brought in through the RBZ for disbursement to banks and onto customers, it will end up on the streets and back outside the country. Drastic measures will need to be implemented if any sanity is to prevail in the country.

The system has had a perpetuated, dysfunctional, despicable, and illegal culture which is not easy to turn around, if the people in charge are still the very people who presided over the growth of the culture. It is a tall order for this or any incoming government to achieve, let alone within the timeframe so peddled by the main opposition.

The commercial banks themselves have not been spared by the corrupt culture, as they have jumped onto the bandwagon of hoarding and dishing out cash to their directors, their family members, preferred associates and customers for so called burning. Depositors’ money is dished out to friends, relatives and politicians as non-performing loans, ahead of the productive sector. The loans are spent on lavish parties, luxury holidays, expensive cars, boyfriends and girlfriends. The productive sector of the economy has been left wallowing in financial dire straits while banks divert the money. Some of the banks have ended up under curatorship, with depositors losing their savings.

Bankers have also leaped onto a culture of quick-buck harvesting by charging exorbitant bank charges, which fleece customers of their hard earned cash. Mobile money transfer companies have joined the band of greedy entities and fleece customers of their money by charging unscrupulous fees.

While President John Magufuli of Tanzania, at his inauguration, banned foreign travel by government officials, including himself, and instructed that all foreign business being handled by relevant High Commissioners and Ambassadors in the foreign countries, President Mnangagwa travels across the globe, with delegations in excess of 50 at a time, all reaping hefty packages in per diem allowances at the expense of the fiscus. The Presidential delegation, instead of using the national airline, charters expensive private aircraft. The Tanzanian Vice President, on the few trips abroad, has used the national airline, in economy class, with ordinary citizens. Where Air Tanzania does not ply, he connects on ordinary commercial airlines that ply those routes, with a skeletal delegation, to save taxpayers’ money.

THE PRIVATE SECTOR

The private sector is also complicit as they are also engaged in the quick-buck syndrome and all corporate governance has been thrown into the bin. Profits are no longer considered in the standard 15 to 25 percentage mark, but in the 100 to 200 percent earnings.
Buyers in the private sector have become the richest employees, by conniving with cronies and brief case businessmen to fleece companies of money by awarding inflated purchase orders, which has destroyed profitability of enterprises.

So there is no sane sector of the economy which can embrace or sustain any realistic change of culture under the current governance system. Until and unless the top echelons start cleansing themselves of the culture they created and maintained, it is futile to invite any foreign investors for meaningful revitalisation of the economy. Only illicit money launderers, drug peddlers and illegal arms dealers would happily jump on the opportunity, while countries that regard their own interests ahead of the Zimbabwe’s well-being, would rejoice. A case in point is the UK, which is seeking its own opportunities, after exiting the European Union. The UK does not care about good governance in Zimbabwe as long as it’s trade interests are achieved, and its glory and dominance is reinstated over its former colony.

The opposition also talks of solving the cash crisis in 14 days of taking power. They talk of getting a windfall from some foreign funder, who will pour billions into the banking system. Unless and until the corrupt and financially immoral culture is rooted out first, the cash crisis will not recede overnight.

Confidence with a new government alone is not enough to bring back money into the banking sector, as the opposition economists believe. As long as the syndicate that controls the illicit and porous system is still intact, it is futile to pour in money into the sector. Cleansing of the whole sector is necessary and cannot happen in 14 days, without shaking and destabilising the country’s economy . Reinventing or creating a new governance culture will take more than one term of a Presidency at least.

REVIVAL AND SUPPORT FOR THE PRODUCTIVE SECTOR

As mentioned earlier in this article, the President was quick to travel abroad to try and lure investors. While it may be good to bring in investors, it is ingenuous to focus on foreign investors, while ignoring local business. Zimbabwe has always had enough investment in all essential sectors. It is the corrupt culture that has scared away and or stifled both local and foreign businesses.

Zimbabwe is still mining gold, platinum, nickel, diamonds, coal, emerald, granite, and many other minerals. All these minerals are exported, but where are the proceeds going? Who is getting the foreign currency?

The country has already been over mortgaged to foreign countries like China against natural resources, and further mortgaging will deprive future generations of their inheritance. Government must refrain from seeking loans and or grants pegged against the country’s resources as has been happening. It must seek trade and investment with emphasis on local beneficiation, like the establishment of smelting plants for platinum and cutting and polishing of diamonds locally.

The manufacturing sector has been left to disappear into oblivion, rendering the whole nation jobless, while the country is now a net consumer, flooded with inferior Chinese products and South African GMO produced foodstuffs.

If government had the slight sense of national empathy, it would have started by looking inwards, to the local productive sector, and find ways to stimulate productivity and create employment. Foreign currency that is being earned from mineral exports would be directed at assisting the productive sector import raw materials for production to create employment.
Manufacturing and exporting businesses used to hold nostro accounts, with banks, where they would keep their foreign currency for purposes of importing raw materials, machinery, tools and equipment. These were raided by the RBZ when it desperately needed foreign currency to fund its misplaced priorities. This was another reason business stopped banking foreign currency with banks. So, for government to restore confidence in the business sector, it has to restore these nostro accounts and devise a robust policy preferably legislation, which must prohibit the Central Bank from raiding such private accounts. This will instil confidence in business and they will feel safe to deposit their money in banks.
The Chinese and other Asian owned businesses are well known for keeping their cash away from banks, including foreign currency. This they do with collusion from high ranking officials who even help them smuggle it out of the country. The arrest of four people of Asian origin recently, allegedly with US$4 million in cash and 100 kgs of gold is a stark example of this menace. Any serious government must uproot this scourge before talking of Zimbanwe being open for business.

I mentioned earlier that the President went to China to seal so called deals, among them, the deal to purchase in excess of US$500 million worth of urban commuting buses. The import of chief’s vehicles was also misplaced. ZANU PF used foreign currency to import campaign vehicles and party regalia.

If that money had been allocated to W. Dalmer, WMMI, and Quest/Leyland to import kits for those buses and vehicles to be locally assembled, it would have gone a long way in promoting local industry and creating much needed employment. I have always viewed Themba Mliswa as one maverick who is an opportunist, and a former beneficiary of the rotten system, but I must commend him for his fight in Parliament, when he demanded that vehicles for MPs be assembled by WMMI instead of being imported. Although this was ignored, it was a noble suggestion for the good of the economy.

It may be argued that the buses and vehicles were a donation from China, or that China had given a condition that the loans or grant was to purchase only Chinese goods. However, the  government must be able to set its parameters so that it will not be squeezed into compromises by these so called donor partners.
Zimbabweans have noticed that all contracts given to the Chinese, utilise almost 100% Chinese raw materials and equipment, including labourers. It is ironic that government allows that even locally available materials and equipment are replaced by those from China. Zimbabweans wallow in poverty for lack of jobs while China exports its labour into our country, and wherever locals are employed, they’re abused by these foreigners.
Government must not accept contracts drawn under such conditions.

Many important industries which closed because of government policies, could easily revive, if the corruption running through society is uprooted. Companies such as Dunlop Zimbabwe, Kariba Batteries, and others were solid and sustainable industries which were destroyed by a corrupt governance system. Zisco Steel was Africa’s renowned steel supplier, but is lying idle, while the country is left to import steel products from South Africa and China.

In the first days of this new government, there was hype and fun fare, with promises Zisco would be opened in a few weeks. Nothing has happened 7 months down the line. Bickering and demands for shares in the company or cuts by politicians has been reported as the obstacle to its revival.

There was pomp and fanfare when refurbished Transnet locomotives were imported and commissioned by the President. But they failed to take off, as they derailed one after the other. This clearly shows lack of both vision and organisational intelligence. The NRZ railway tracks need rehabilitation before we even think of buying new locomotives. The NRZ radio communication system is dilapidated and needs absolute reconstruction, but we rush to import useless and incompatible locomotives.

The textile industry has seen, companies like Merlin, National Blankets, David Whitehead, Julie White and others being neglected by government, opting to import party regalia from China. Zimbabwe, a country formerly endowed with its own cotton industry, has been reduced to a net importer of textiles and clothing. Second hand clothing has been allowed to be smuggled through Mozambique in bales, destined for Mupedzanhamo and other flea markets. The cotton industry has been relegated to oblivion yet the country was well known for quality cotton and textile products. Bata, Conte Shoes and G&D shoes, which supplies shoes across Africa have been left to sink into oblivion.
The new government is shouting “Zimbabwe is open for business “, while it fails to ensure the revival and protection of its own industries.

The construction industry in Zimbabwe was second only to South Africa, with both solid technical expertise and industrial base, enough to meet the needs of any infrastructural development. The country has a wide pool of engineers who are doing wonders in developing other countries across the world. Zimbabwean engineers are well known in organisations like Network Rail in the UK for developing sustainable transport systems. But our government is calling for foreigners to come and perform shoddy infrastructural development, while neglecting its own human resource base.

While the politicians fly each other to foreign lands for treatment, the ordinary citizen dies in local hospitals for lack of medicine. The White City bombing incident clearly showed the reality of the leadership’s attitude. They flew each other to South Africa for treatment while the aides and others were left to wallow at Mpilo where some eventually died.
Zimbabwe had pharmaceutical companies that manufactured most of the country’s medical equipment and drugs, such as CAPS Holdings, but they’re now history. Government, instead of working on reviving such industries, they spend money on foreign medical trips for themselves.
Reviving such industries like CAPS should be government’s priority instead of these “Zimbabwe is open for business “ slogans without support of local industries.

SIGNING OF THE AFRICA TRADE AGREEMENT
As I mentioned earlier about the President signing the Africa Trade Agreement in Kigali, it is good to be seen signing such agreements on regional and international protocols. But is it beneficial to Zimbabwe at this juncture?
Zimbabwe does not have any products that it currently exports, save for mineral raw materials, which are not for the African market anyway. So what will Zimbabwe benefit at this juncture from this agreement? Products from other countries across Africa will land in Zimbabwe tariff free, which will in effect stifle the growth of local industries.
My opinion is that Zimbabwe should have ensured the growth and protection of its manufacturing and export industries before signing such an agreement. Any such agreement should have been signed after extensive consultations with all stakeholders such as manufacturers and heads of industry bodies.
Nigeria and South Africa, the two largest economies in Africa, refrained from signing, citing their need to consult their countries’ stakeholders. They would both benefit more from this agreement than all other countries, but did not sign, because they consider their local stakeholders more than international partners.
If Zimbabwe had such an attitude towards its local business, it would not have hastily signed the agreement, before ensuring its local industry is ready for that.
The President also attended the commissioning of the Kazungula rail road bridge, which actually bypasses Zimbabwe. Although Zimbabwe was said to have been eventually been made a partner, it is hardly beneficial to the country, as all traffic will bypass Zimbabwe, and will be a loss of revenue for the country.

THE CHINESE EXPERIENCE

When China moved from its communist path, towards economic development, Deng Xiaoping, created a very articulate formula to develop China’s economy. Deng never visited foreign countries, nor did he meet foreign leaders to seal deals on FDI. He concentrated on ensuring that the internal laws and mechanisms in his country were conducive both for local business and foreign investors. The adage that goes, “charity begins at home” was one of Deng’s main tools. Deng crafted policies that began to pluck out corruption, and enable local business to thrive.
He ensured the protection of local industry by demanding that any foreign company that invested in the country’s special economic zones, must employ local labour, wherever there was no expertise that required foreigners. He ensured that the investors implement technology transfer and use local raw materials wherever they were available.
Deng promoted partnerships between foreign companies and Chinese state enterprises, which have now developed into fully fledged multinational companies. An example is ZTE, whose major shareholders are the China Aerospace Science & Industry Corporation and the China Aerospace Science and Technology Corporation. China’s FDI policy demanded total transfer of technology to the local workers, and it bore fruit. Today Chinese state enterprises, whose shareholding is now diluted by local private shareholders, are world leaders in technology. They remain attached to the state through part ownership and through towing national policy.

Contrastingly, Zimbabwe’s model of FDI policy is haphazard and confusing. State enterprises like the ZMDC have partnered foreign diamond mining companies, but remain broke and mismanaged. One cannot tell where the revenue from the mining is going.  The local state enterprises do not have a grip on the daily management of the mining and are oblivious of the quantity, quality or value of the diamonds mined and exported.

CONCLUSION

Change itself is a daunting, time consuming and arduous task. It is challenging enough to change one’s personal habits, let alone entire institutions or government. Attraction to the status quo and cognitive dissonance hinder significant change.
Nevertheless, that’s what must be demanded by the President and the government, with zero tolerance to any form of criminal behaviour in any sector of both government and the general economy, private sector included. But it has not been forthcoming. The current government is so entangled in this corrupt governance system, and benefits from it, that even if FDI was to be poured into the fiscus, the leakages I mentioned earlier will devour it all and leave the economy in the same state.
In conclusion, it is my firm belief, that Zimbabwe needs to cleanse itself of the toxic governance system that has reduced it to a pariah state. Government then needs to invest more on assisting local businesses to revive themselves and protect them against foreign domination, if Zimbabwe is to ever develop itself back to its past glory and surpass.

By Jonathan Chando-
Lawyer, Academic, Political Analyst and Commentator on International Law and Politics.

Email: jonathanchando@gmail.com

Mnangagwa Declares July 30, “Not December 31” A Public Holiday

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President Emmerson Mnangagwa who once said there will be elections on the 31st December 2018, has declared the 30th of July a public holiday.

The whole nation goes to the polls in two weeks’ time.

His administration said this is to enable the electorate to vote without hassles from work-related commitments.

Moreover the Electoral Act prescribes that the election day be declared a public holiday.

The declaration comes after the Ministry of Primary and Secondary Education announced that schools will close early to pave way for the harmonised polls.

The ministry brought forward the closing of schools to July 26 as most schools will be used as polling stations, while some teachers will be attached to the Zimbabwe Electoral Commission (ZEC) as polling officers.

Tertiary institutions will close tomorrow to avoid clashing with the elections programme.
ZEC Commissioner Dr Qhubani Moyo said: “The spirit behind declaring the Election Day a public holiday is to enable the people to prepare for polling considering that this election is polling station-based. This means that some people might need to travel to their polling stations.

“It is also a way of encouraging all the people to cast their votes. If some of the people are committed on other things such as work they may fail to participate in this important exercise.”

Dr Moyo encouraged those who will be travelling to their voting bases to do so latest on the weekend before Monday, July 30 to avoid inconveniences. He said election preparations were at an advanced stage.

“In terms of preparations and logistics, the commission is very happy that all the systems are in place to ensure that everything goes well on Election Day,” said Dr Moyo.

“The systems include identification of polling stations, completion of the voters’ roll printing and other material that goes with the election.”

Dr Moyo lauded the country’s citizens for conducting themselves in a peaceful manner, saying the prevailing environment should be celebrated.- state media/ additional reporting

Immigrant Rescued At Sea After 48 Hours Holding On Piece Of Wood

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A Spanish NGO that saved a woman off Libya who was drifting on a deflated dinghy next to the bodies of a boy and another woman said Wednesday it is taking her to Spain for her safety.

Her name is Josephine, a Cameroonian nationality. The 40-Year-old mother is the only survivor of a group of migrants whose boat sank on Monday to the wide of Libya.

Josephine had life saved by staying hang for 48 hours at a piece of wood, with the bodies of a kid and that of another woman next door.

Proactiva Open Arms, whose two ships sail back and forth in the Mediterranean to rescue migrants in distress, said it had decided to return a day after saving the 40-year-old woman from Cameroon.

In a statement explaining the decision to go back to Spain, the NGO said authorities in Italy had offered to take in the woman but not the two bodies.

Proactiva added it feared “for the protection of the surviving woman and her complete freedom to testify” on what had happened at sea if they left her in Italy, which has taken a hardline stance towards migrant arrivals.

Italy’s far-right interior minister Matteo Salvini doubted their reasons, tweeting: “Could it be because they have something to hide?”

Earlier he denounced “lies and insults (that) confirm that we are doing the right thing: reducing departures and landings means reducing deaths, and reducing the profits of those who speculate on illegal immigration.”

Proactiva accuses Libyan coastguards of having saved the rest of the migrants on board the dinghy but not the two women and the child, whom they say refused to board the rescue vessel and go back to Libya.

The NGO alleges that as a result, the coastguards left them and deflated the dinghy. Rescuers let air out of migrants boats to stop them from being re-used and this boat had been slashed with a knife.

Libyan coastguards denied Proactiva’s accusations and said they rescued 165 migrants from a boat in the same area on Monday night, without leaving anyone on board.

They also pointed out a lack of resources, particularly for night operations.

“Coastguards save and protect lives… It is inconceivable for us to abandon people on the high seas when we have just gone to rescue them,” the navy said in a statement.

Bond To US Dollar Black Market Exchange Rate Hits 100%

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PARALLEL market rates have finally hit 100% when using EcoCash or bank transfers to buy the greenback, the first time they have reached such a rate since dollarisation and the main question now is how and why we got here.

On Friday last week, a snap survey done by NewsDay at all the major cash dealing points in the central business district found that at 10am the previous day, the parallel market rates increased to 100% from between 70% and 80% earlier that same day.

Tinashe (name changed), one of the cash dealers whom the paper spoke to on Friday, who is in his early 20’s said the reason was due to talk of seizing disbursements of cash to depositors.

“Rates have increased my brother. It started yesterday (Thursday last week) around 10am. What I know is if you want to do a transfer its now 100%. This is because Reserve Bank of Zimbabwe governor John Mangudya said that individuals can no longer get United States dollars from the banks” Tinashe said.

Not only do these new rates represent massive erosion in the trust and confidence of government, but they also signify just how bad the liquidity situation in the country has reached to as one banker put it.

“It is a demand and supply thing at a basic level, where you got a set of economic agents who require foreign currency and another set that have it and through a mutually beneficial market mechanism are able to exchange that value. At the second level, it becomes a policy issue to say are we pursuing the correct policy in terms of the relationship between the real monetary sectors because one is a representation of the other,” a banker who wished to remain anonymous said.

“I do not see it is as a problem, because it is the market responding to the policy framework that is there and markets really have a life of their own. You cannot legislate a price, it does not work, so what markets simply do is that they will find their own mechanism to function, so I do not see it as a problem, but as a response to a policy environment.”

With 25% or more of forex used by manufacturers coming from the parallel market, it is important to examine how this new rate of 100% was an eventuality and not a hypothetical.

Basically, it is due to more business leaders turning to the parallel market to service their forex need to import raw materials, individuals seeking to have more value for their cash and the forthcoming elections.

Back in May this year, when the Confederation of Zimbabwe Industries (CZI) released its composite Business Confidence Index wherein it stood at minus 14,4 for a quarter-on-quarter basis, CZI explained business leaders were losing trust and confidence in government.

Explaining these results, CZI said that most of the lack of trust and confidence was due to growing pessimism in how government was handling the foreign currency situation, as producers were getting below their forex requirements.

By business losing confidence over the forex issue, this forced them to hold onto any cash they get and at the same time increasingly turn to the parallel market for any shortfalls they required.

The result was cash barons instructing their dealers to hike rates due to the increased demand.

Compounding the situation further was the central bank and banking sector.

Over the past few months, the central bank and banking sector have been making statements deliberating on whether to continue disbursing cash to depositors considering the money was not coming back.

These talks have eroded further trust in these institutions from depositors who already did not trust them due to the menial disbursements they were getting.

As such, many depositors withdrawing cash have chosen to keep it rather than circulate it. Instead yhey take the cash to the parallel market to get a higher value in terms of RTGS or EcoCash funds.

This has also contributed to demand, as more people are visiting cash dealers on a daily basis.

As such, due to more companies and individuals sourcing cash from the parallel market demand went for forex rose.

Finally, as it is an election month and there has been a lot of uncertainty in terms of freeness and fairness of the vote, as experts and opposition parties have raised many irregularities in the election processes.

Cash barons have seized on this uncertainty to further hike rates to ensure that after the election they have made huge profits.

Cash barons with access to top banks in the community are fueling the parallel market, followed by diaspora remittances from individuals and retailers involved in cash businesses.

Africa Round Table chief executive officer and economist, Kipson Gundani said it was inevitable that the parallel market rates would hit 100%.

“If government continues the way it is going with its fiscal deficits, all these rates are going to continue to go up, because the parallel market has the forex,” he said.

He, however, added that elections was also a factor, saying “in simple terms, it is and that speculative behaviour is associated with the holding of elections where those with United States dollars hold on to it, which creates a demand and supply problem on the black market”.

Responding to these increases on Friday last week, Mangudya said that the cash barons behind the dealers would soon lose out, since the central bank had increased forex into the market.

“We have released and are going to continue releasing foreign cash into the market in order to stabilise the foreign currency market…I was out myself, as you know and I just arrived yesterday (Thursday last week) and we have received a good boost from our financiers, including as usual the Afreximbank and we are putting that money into the market,” he said.

He said fuel operators, cooking oil producers and wheat producers were allocated their foreign currency requirements.

“…over and above that, we are putting a substantial amount of cash in the market. We started this week and will continue next week, so people should not confuse the monetary side and political side, I think we would prefer that people do not confuse these two. On the monetary side we are clear with what we want to do,” Mangudya said.

“You are also aware that we are giving 100% cash to the diaspora, continue to give 70% of foreign payments to our artisanal gold producers, and monthly we do $100 million and we have now increased starting from next week (this week).”

His advice to “those who are selling foreign currency at ridiculous rates, they are going to regret, because people are just making money out of them, its just arbitrage.”

The central bank will now be injecting $150 million a month into the economy, up from a previous of $100 million.

Newsday

Pictures Of Marijeni Fraud Mansion

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Former Zimpapers journalist Clemence Marijeni and his wife conned £450,000 in maternity payments in the United Kingdom and bulding themselves a mansion back home in Zimbabwe.

Clemence Marijeni, 44, was at the centre of a 12-person fraud ring who claimed taxpayers’ cash meant for mothers of young babies.

They claimed £720,000 in maternity allowance payments over more than four years – but got their hands on less than half a million pounds worth after DWP officials became suspicious.

Pictures of the building:

Churches Raise Concern On Increased Ndebele – Shona Tension In Matland

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Rev Ray Motsi

CHURCHES in Bulawayo have expressed concern at the intensifying levels of tribal tension between the Shona and Ndebele in Matabeleland.

The churches have also challenged local politicians to demonstrate leadership and address tribalism openly.

Churches said it was worrying that communities were becoming divided as people were failing to see beyond surnames, which was affecting progress and unity.

Speaking at a peace meeting organised by a consortium of churches in Bulawayo on Friday, Reverend Useni Sibanda of Christian Alliance said tribal tension in the city was worrying.

Reverend Ray Motsi from the Theological College of Zimbabwe, said it was time the local political leadership in Matabeleland addressed the issue.

He urged the region’s leadership to openly speak about this problem because it was not going anywhere instead it was growing.

Motsi said such issues had to be dealt with by locals and not expect officials from Harare to talk about it.

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Murehwa High School Deputy Headmaster’s Office Burnt Over Poor Diet

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By Own Correspondent| Murewa High School Deputy Headmaster’s office was last week gutted by fire in a suspected arson case.

The fire, allegedly started by disgruntled students who were silently protesting over a poor diet destroyed the deputy headmaster Sydney Mapisaunga’s office a few days after the senior master’s office was almost burnt under the same unclear circumstances.

Said sources privy to developments at the school:

“Mapisaunga is unpopular among students where he has earned himself the nickname Napoleon.

Some students describe him as a stonehearted, cruel, strict and ruthless man.”

It is alleged that ever since Mapisaunga assumed duties at the school 11 months ago, the school diet deteriorated and efforts to engage him over the matter have fallen on deaf ears.

He was allegedly quoted saying that better food can only be available at the school if parents increase the amount they pay in school fees.

“Better food is there for the rich ,let the fees increase if you want things to change,” Mapisaunga allegedly told students.

His statements infuriated students who plotted to protest their disgruntlement and they allegedly set fire the senior master’s office identified as George Maravanyika.

“The mission failed as the fire was put out before it had done a lot of damage. However, the door to his office was burnt.

Students then burnt Mapisaunga’s car but he managed to put out the fire before it had done a lot of damage,” said the source.

The matter has since been reported to the police.

Efforts to get a comment from Mapisaunga or the Zimbabwe Republic Police were futile.

 

Nyemba To Lead Zim Darts Team In Malawi

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David Nyemba

THE National Darts Association of Zimbabwe (Ndaz) has named an 18-member team that will represent the country at the African Union Sports Council Region 5 Darts championship in Malawi next month.

The team is led by veteran darts master David Nyemba from Mashonaland West province who carries the nation’s hopes at the tournament where eight countries have confirmed participation.

“The tournament will be held at Lake Malawi from August 27-31. So far eight countries, Botswana, Namibia, Lesotho, South Africa, Swaziland, Zambia, Zimbabwe and Malawi have confirmed participation. South Africa are the defending champions. We expect Team Zimbabwe to leave on August 25,” said Ndaz president Meynard Moyo.

He said he was expecting a tough tournament, but was optimistic the selected players will stand their own and probably wrestle the title from their southern neighbours, noting that the team is busy with its preparations.

“We expect a tough tournament, although I feel we have a strong squad to win the tournament,” said Moyo.

The selected players were chosen at the recently held Zimbabwe darts trials at Munyati.

Also in the team are four promising youngsters, who include the Matabeleland South duo of Brandon Ncube and Siphindile Moyo, who are learners at Gwanda High School.

Zim men’s team

Salesio Gunda (Manicaland), David Nyemba (Mash West) Simon Mujuru (Mash West),Caleb Sigauke (Manicaland),Michael Chikomba (Midlands),Modokai Dheka (Harare)

Women’s team

Sibabone Mamwiri (Midlands),Sawujadi Phiri (Mat South),Tabeth Zhoya (Midlands),Svodai Nyika (Harare).

Veterans teams

Men: Peter Mulukula (Mash East),Moses Ndlovu (Bulawayo). Women: Cecilia Nzonzo (Harare),Joice Mloyi (Midlands)

Youth Teams

Junior men: Nashe Murambi (Harare), Brandon Ncube (Mat South). Junior women: Sibongile Nomsa Kagodora (Harare), Siphindile Moyo (Mat South).

Health Scare: Mnangagwa Captured Taking Medication In Public

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President Emmerson Mnangagwa taking what appears to be pain killing tablets in public

A picture of President Mnangagwa taking pain killing drugs is doing rounds on social media with Zimbabweans calling on the President to retire as he can no longer stand the pressure associated with the office.

WATCH LIVE- Chamisa Kariba Rally Preps: Current Settings

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Chamisa Kariba Rally Preps

Posted by ZimEye on Thursday, July 19, 2018

Chamisa Leads On Afrobarometer Opinion Poll?

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