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"President Mnangagwa's Antics To Retain Power Destabilising The Economy"

Analysts have said President Emmerson Mnangagwa‘s “antics” to retain power are destabilising the economy.

Mnangagwa’s government recently announced that it plans to pay one-off rewards and monthly pensions to a new batch of 160 000 war veterans, war collaborators and ex-political prisoners who missed out during the first round of compensation in 1997.

The move is seen as a ZANU PF election strategy since war veterans, ex-political prisoners and war collaborators are part of the ruling party’s structures.

Some observers say Mnangagwa is repeating a move by the late Robert Mugabe’s regime which in 1997 paid out unbudgeted lump sums of nearly ZW$50 000 (US$4 300 at the time) to 50 000 war veterans following months of protests.

The move triggered the collapse of the Zimbabwe dollar.

Former ZANU PF politburo member and liberation war stalwart Rugare Gumbo said the number of former fighters the government says it wants to compensate did not make sense. He told The Standard:

The figure published by the government is disputable.

I don’t know the reason why the authorities are inflating the figures.

Liberation Veterans Pressure Group chairman Amos Sigauke also said the figures were inflated. Sigauke told The Standard:

We should now be less than 34 000 because the ex-combatants are dying.

They want to rip off deserving war veterans and give the money to ZANU PF youths ahead of 2023.

In 1989, there were 30 000 war veterans across the country and the number has kept on increasing with analysts saying the government was creating ghost ex-combatants.

Pardon Taodzera, a political analyst, said the government had a history of putting ghost workers on its payroll as payment for campaigning for the ruling party.

Harare-based economist Prosper Chitambara said the economy will pay a huge price as billions were being splashed to win votes. Chitambara said:

This explains why there could be a huge increase in broad money supply within the economy and obviously that increase in money supply has also stocked up inflationary pressures.

So the financing of these projects has caused a bit of instability.

Mnangagwa’s government has been spending big on projects, especially targeted at urban voters who have in the past been voting for the opposition. 

Methuseli Moyo, a political analyst and university lecturer, said the fact that most of the projects were being fast-tracked ahead of the elections betrayed the government’s intentions.

Some of the projects/initiatives consuming funds:

i). In March, ZANU PF revealed plans to drill boreholes in all cities and towns, in what critics said was a vote-buying gimmick.

ii). For road works, the Zimbabwe National Roads Authority (ZINARA) has so far poured just over $9.5 billion under the Emergency Road Rehabilitation Programme with $17 billion set aside for 2022.

iii). In April, Mnangagwa pampered chiefs in Binga with fishing rigs, fulfilling a promise made ahead of the March 26 by-elections.

iv). Binga will also get a vocational training centre and a new border post, boreholes, a nursing school at Binga Hospital and the refurbishment and operationalisation of the hospital mortuary ahead of the 2023 elections.

vi). Traditional leaders across the country have been promised medical aid, fuel coupons, data bundles, and free car services including payment in foreign currency that civil servants are clamouring for as the local currency tanks.

International Monetary Fund (IMF) representative for Zimbabwe Carlos Cacere told the Zimbabwe Independent, that the pledge to pay the gratuities and pensions was a cause for concern since Zimbabwe is already struggling to service unsustainable debt.

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Maparamuro 1 month ago

If the projects win him votes there should be no problem because we elect people to spearhead development so we can't be complaining about the projects.
Let's complain about other issues

Tateguru 1 month ago

Why not just pension all the senior citizens in Zimbubwe?
No "war veterans, war collaborators and ex-political prisoners" are less than 60 years old now, 42 years after independence.

When we talk of the "war veterans, war collaborators and ex-political prisoners" we talk of retiring-age people.
Since 1980 every person above age 60 has worked for Zimbabwe at least 40 years and needs to be remunerated pensionwise

aturo hemano 1 month ago

kuuraya nyika kusvika vanhu vatengesa zvigumwe

pvc 1 month ago

wakandorira kuti unyangadze here izvezvi vazhinji takadi batai pfuti haatoizivi ko vakafirako kuhondo mhuri dzavo dzodueyi imi tichaitanga gore rino

Ghetto luv 1 month ago

saka Makawa Hondo kuti imi mudye?

Dr Hercules 1 month ago

160000 war veterans compesated 160000 votes for ZANU,

Muzimbo 1 month ago

Hapana zvozikanwa nanabhangu ava, nyika yakuenda kumawere manje


Chawabvunza 1 month ago

Most citizens now can identify a political gimmick and a genuine gesture. Citizens no longer need to hear anything to do with ZANU PF. They just want a change from this Old People's Home Political Party. Citizens do not deny that this country was fought for, but the payments to former fighters and those who assisted them must be budgeted for. Zimbabwe has never recovered since it paid unbudgeted sum of money to war veterans 1999. Those were less than 50 000, what about now when they have trebled ?????




Jah🇿🇼Tsvarie-07 1 month ago

People who want change wont change now 😂

register to vote getto yutti 1 month ago

nyoresa kuvota

Dirigsme 1 month ago

@Blue - Exodus 20. Please do not use God's name in vain.

Blue 💙 1 month ago

Cry babies will 😢. Zanu is an immovable God

biggie smalls 1 month ago

my friend there could be only but one GOD the creator this business of demi gods, haa kudhara ikoko!!!!!!!

STALIN 1 month ago

Blue is full of SHI.T

24 1 month ago

mind your words bamboo

Imwe Mbeu 1 month ago

Mnangagwa ndomudira kuti arkuita zvisat zvamboitwa, kugadzira maRoad, paMbudzi (tipeiwo update Pindula), kuvaka maFlats etc etc. Chasara chete kubvisisa ZANU paChigaro 😂

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