Zimbabwe: Statement on the Introductionof Constitutional Amendment Bill No. 1 of 2016 (11.01.2017)

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Zimbabwe: “Re: Joice Teurai Ropa Mujuru Vs The President & Others CC275/16” (29.12.2016)

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Zimbabwe: MoU Unauthorised Wearing of Camouflage Uniform (26.12.2016)

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Zimbabwe: Export Incentive Scheme and the Availability of Cash to the Banking Public (19.12.2016)

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Zimbabwe: Secrecy and doubt around the Bond Notes as Barclays Bank in are separating currencies in their branches, as there are lacking trust in the currency!

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We should worry when details and documents proving that Barclays Branches are having forms that are made for both Bond Notes/Coins Deposit. The Barclays are issuing the numbers of the bank and the address of the bank. The other issue is that the Bond Notes are accounted on the value of coins deposit or another currency. Not the value itself on the Bond Notes. The Bond Notes are valued together with another currency, if it is South African Rand and United States of Dollar.

The Worry with seeing the form that Barclays Limited Zimbabwe has created this form where they are valuing the Bond Notes and also separating it. This is happening as the Republic already is lacking enough of the Bond Notes. Some are even questioning if this is the first start of a parallel economy and so you know what that means: “Parallel economy, based on the black money or unaccounted money” (Your Article Library).

So the values might be turned or changed as transactions have become more costly in Zimbabwe as well:

The value of transactions processed on Zimbabwe’s National Payment System (NPS) increased from $1,2 billion to $1,5 billion as the volume of transactions went up by 13 percent in the week the Reserve Bank of Zimbabwe (RBZ) introduced bond notes, a report by the central bank has shown” (…) “The RBZ has said it will release a total of $75 million worth of bond notes by the end of this year.” (Zimbabwe Mail, 2016).

With the cash-shortage and the promised delivery together with the volume of transactions in Zimbabwe proves the Reserve Bank of Zimbabwe wasn’t ready, neither we’re the Hon. Patrick Chinamasa has to keep up his promises and deliver a grand policy to revitalize the economy.

The RBZ has increased the rate of printing with the latest batch of notes worth $7million being delivered at Harare International Airport in the last few days a Ukranean Jet. But the development will worsen the plight of safari operators who have already experienced a 25 % slump in business this year” (ZimEye, 2016).

Since the Tourist doesn’t trust the currency, neither does the locals as the government and finance ministry are keeping the secrecy around the production and cost of the currency doesn’t add to the faith in the Zimbabwean Bond Notes, as the draconian state tries to silence the #NoBondNotes and #Tajamuka are getting real. The batches worth $7million of Bond Notes haven’t done what they we’re supposed to do, as they cannot even create trust between the citizens and the financial institution.

The Comment from the Independent are clear on the Bond Notes: “Government domestic debt — which stood at US$3,7 billion as at October 2016 — is clearly unsustainable. In a normal economy, Treasury Bills (TBs) are a useful short-term instrument for raising funds via open market operations. But in Zimbabwe’s case, TBs have not been deployed prudently. In fact, TBs are a ticking time bomb. Long before bond notes spooked the market, the authorities were churning out TBs which, to all intents and purposes, were effectively a local currency by another name” (The Zimbabwe Independent Editor, 2016).

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So when the Government has this massive debt and delivers a little bunch of currency that isn’t trusted because of secrecy, the reality is also that the Zanu-PF haven’t really tried to be honest about their approach on the Bond Notes. They seem like a giant loan from the Afreximbank who borrow the funds so the Finance Minister Chinamasa could afford to chip the monies on the public. So the public and citizens are in the paying for the added debt for a currency, which isn’t valued by anybody. Even the banks operating in Zimbabwe is making ready for a parallel economy with the Bond Notes. As we can question as the Barclays of Zimbabwe has separated the foreign currency and the new note.

In July 2016 the Afreximbank:

“The RBZ has said the bond notes, which will trade a ratio of 1:1 with the greenback, are backed by a $200million Afreximbank bond facility, from which they derive their name” (New Ziana, 2016).

So now the first batch was $7million worth out of the proposed $200million loans used to put the Bond Notes to the citizens of Zimbabwe, which I have proposed from the get-go is added in the debt into the hands of the citizens as they get indebted with the notes and also with the surging government spending.

There aren’t clear indications that the bond notes will add anything positives, as even the banks are now showing resistance and proving their little faith in the currency. Not only the citizens, but also tourists, visitors of Zimbabwe don’t even trust it.

Like this example:

“The informal traders lament that they are slowly losing faith in the new currency as it has been posing a myriad challenges towards their business, which is solely hinged on imported wares” (…) “The flea market traders import various wares from neighbouring Mozambique, mostly second hand clothes and shoes” (…) “Murayirwa further added that it becomes a challenge since the Mozambican Bureau de Change only cross rates US$ against Meticals” (…) “This is an unnecessary headache. Bond notes are going to kill our business. This business is supporting close to 1,000 breadwinners. Most of the people here were formerly employed by the major industries that closed and they had no choice but to come here to support their families. Yes we understand that government is trying to solve cash challenges in the country, but they are doing so at the expense of thousands of other families whose businesses are in jeopardy now,” said Murayirwa” (Nehenda Radio, 2016)

The Zimbabwean citizens struggle with paying and exchanging monies to importing things to sell at the markets, as proven with this example. The small-scale entrepreneurs who are important at markets to sell needed products at a decent price; they cannot do so if their currency isn’t valued. Therefore the trust of the Bond Notes is lower than when they we’re introduced.

The reasons are the secrecy and the uncertainty of the effects on the market as it was unleashed to the people. Still close to a month after the release there isn’t any proof of any good coming out of the currency, other than surely some unknown Zanu-PF cronies earning fortunes on it! Peace.

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Reference:

Nehenda Radio  – ‘Traders decry loss of business because of bond notes’ (15.12.2016) link: http://nehandaradio.com/2016/12/15/traders-decry-loss-business-bond-notes/#sthash.cEnubUzE.dpuf

New Ziana – ‘Afreximbank to state position on bond notes’ (01.07.2016) link: http://www.herald.co.zw/afreximbank-to-state-position-on-bond-notes/

Your Article Library – ‘What is the Meaning of the Parallel Economy?’ link: http://www.yourarticlelibrary.com/economics/what-is-the-meaning-of-the-parallel-economy/2720/

The Zimbabwe Independent Editor – ‘Govt’s budget a non-starter’ (16.12.2016) link: https://www.theindependent.co.zw/2016/12/16/govts-budget-non-starter/

ZimEye – ‘Secret Bond Note Printing Accelerates’ (16.12.2016) link: https://www.zimeye.net/secret-bond-note-printing-accelerates/

Zimbabwe Mail – ‘Value of financial transactions up 23pct following bond notes injection’ (15.12.2016) link: http://thezimbabwemail.com/banking-finance-34021-value-of-financial-transactions-up-23pct-following-bond-notes-injection.html

The rise of #ThisFlag Movement Pastor Evan Mawarire: the Civil Rights Activist and leader that Zimbabwe and the world needs right now!

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Pastor Evan Mawarire, the Zimbabwean Civil Rights leader who started wearing the Zimbabwean Flag and called for demonstrations wearing it in public. The Zimbabwean Flag became a tool of resistance and defiance of the Zimbabwe African National Union – Patriotic Front (Zanu-PF), the ruling regime that has been in power since 1980 and under the current President Robert Mugabe.

Robert Mugabe reign started hopeful, but has turned sour over time. President Mugabe has forgotten his struggle is keener on buying jewellery for his wife than caring about his citizens. Therefore the rise of men and civil rights activists like Evan Mawarire is extremely important to change the republic. A republic that has become corrupt cronyism and where the foundations are shaking; where the police brutality and impunity runs rapid. Where massive amount of citizens are living in the diaspora and flee to live in shacks in South Africa.

This is the legacy that is left behind after decades under the President Mugabe, the real change never came, only that that the Zanu-PF elite got to eat and takeover lands from the inherent former colonial tribes and given that away to Zanu-PF elites and generals. So this has shackled the production of a former breadbasket, as the El Nino even made the lacking foods worse. The drought together with the lacking agricultural policies made the former proud farmer nation into a nation who needs help to feed it; so the independent nation needs more help than before existence of Mugabe Administration.

The thieving of export funds together with the problematic inflations, as well as faltering currency policies that lead to the depleted economy, as well as International Monetary Fund and World Bank put sanctions or suspended needed loans to the Zanu-PF government. The Zanu-PF has used the funds on their own and had famous parties for the President and his family. As well as the Vice-President putting hotel bills on the government as he lived over 1,5 year at hotel in Harere and sponging of the government coffers.

With the knowledge of this, with the lacking medication on the hospital, the lacking payments of salaries to the civil servants and others proves the lack of governance. The allocations and misuse of funds is rampant as the Zanu-PF elite rides in expensive imported SUVs while the common-man cannot get out enough funds at the ATMs to pay their rent or pay for food suppliers at the market.

In this context came the monumental rise of a simple man, not a man of wealth or kin of former renegades against the colonial Ian Smith Government. Evan Mawarire was close to nobody before 2016 and #ThisFlag Movement. He wasn’t somebody who was well-known. Still, his cause through peaceful means became too much for the government to handle. Therefore they abducted him and as the whole day in Court happen with a dozens of the lawyers who worked Pro-Bono for the man, because they saw his cause and his rise. Pastor Mawarire, we’re a citizen and an outspoken one, who showed no fear for the repression of the Zanu-PF. That because it seems like a genuine cause and heart for his nation. The Republic that birth him and raised him, he wanted a republic with a government that would represent the people and not just bow-down and bend knees for Mugabe.

That is what it is now. The Zimbabwean nation with their mismanaged bond-notes who are another tactic of the Zanu-PF to gain spoils on loans and trying to get more out of the foreign currency in the nation. So the Zimbabwe Reserve Bank together with the President Mugabe hustling more out the poverty with the transaction of  loaning a fortune and then exchanging the foreign currency surplus to the elites. White-washing the bond-notes at the same time; a successful receipt to destroying faith in monies and getting a new 2008 crash-course in hyper-inflation; something the Zanu-PF under Mugabe has created before!

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So the #Tajamuka, #NotoBondNotes and #ThisFlag together with the rising men and woman who acts against Mugabe and his regime are currently rising with 2016 year coming to the end. Evan Mawarire is a symbol, not only a man who sadly had to flee to United States after the short trial where the public waited for him to released. They proved the people power over a corrupt crony government with draconian laws and a security apparatus that takes the freedom, liberty and opportunity away from the citizens.

The Zanu-PF under Mugabe isn’t giving the Zimbabwean people hope, he is destroying while eating the spoils, while running away from his killings and his damaging rhetoric that has barricaded himself and left him alone. The ones that are loyal to Mugabe isn’t there because the love him, but they love the brown envelopes. There isn’t a policy or political framework that can build the nation or change the pattern of destruction under Mugabe. He has only his own will, which he believes is the will of the Zimbabweans.

If it we’re so, the people wouldn’t felt touch and felt the need for Pastor Evan Mawarire, there wouldn’t be a unknown pastor who turned civil rights activist who would make the headlines, it would been men like Morgan Tsvangirai and Acie Lumumba should be in charge, they should blaze the winds of change. Tsvangirai under the Movement for Democratic Change that had a popular rise a decade ago and nearly toppled the Mugabe regime. The current youth leader and populist Acie Lumumba his VIVA Zimbabwe we’re supposed to garn support, but it doesn’t. Their ties with Mugabe and history are making people sceptical of their will to change the cronyism.

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Zimbabwe needs people like Evan Mawarire, the world needs people like him and that has faith in peaceful disobedience against greedy oppressive regimes. Mawarire needs Zimbabweans and the world needs to support his cause for peaceful change. Mugabe isn’t automatically entitled to be president, than he is a Zimbabwean King. Kings are entitled to their role as leaders of their people and to be monarchs. But a President is elected to represent the people and ones in the dominion that the President has the power to rule, because the hand over that power to the person through elections or other functions that make it just. That hasn’t happened in Zimbabwe.

The people in Zimbabwe deserve a government that represent them and work for their will, not being in Harare to earn on the public coffers and earn on loyalty to Executive Mugabe. So the rise of a man like Mawarire is bound to happen because of the injustice happening time and time again. Too many people and their stories dwindle away, so many people have suffered while the rich has eaten, as they have built mansions and owning land instead of building institutions and invested in the people.

Charge Against Evan Mawarire

#ThisFlag and Evan Mawarire are the signs of hope, the signs of people wanting justice and development for their nation. That would be well deserved, the liberation from the Ian Smith regime wasn’t to make sure the liberators could eat the spoils, but actually the free-men of Zimbabwe could live free and earning a proper living for their work. That is dream right now, the rights are only for the entitled in the Zanu-PF the others has to beg. The justice is of two nations, the ones living in the elite and the rest. It’s the rest that needs men and woman like Mawarire, the world need people like him to address the concerns of people in need and who deemed poverty with no voice for their concerns. They are the ones that needs help and needs a government working for them. Instead they are keener on fixing the riches for the elite and finding new ways of short-conning the population. So the Mawarire has to rise-up and say “enough is enough” the Zanu-PF has used their time and taken the people for granted; the Zanu-PF doesn’t deserve anymore, they have used their time and spent it unwisely. Mugabe forgotten his struggle and his riches has blinded him from the cause that lead him to power.

Therefore he had to call out Mawarire and claiming his cause we’re useless. He was hurt that one of his citizens called him out and acted against him. Mugabe made this way and now have to see what he has made, but his stubborn acts of ignorance, his will of keeping enriching himself, is the reason for the rise of the Pastor. The Pastor wouldn’t be anybody if it wasn’t for the oppressive and brutal regime. The regime of Mugabe has lost their way and lost the reason for existing… Peace.

Joint Civil Society Statement: Zimbabwe Must Respect and Protect the Right to Freedom of Peaceful Assembly, Participation in Political and Governmental Affairs, and Personal Integrity (10.12.2016)

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Zimbabwe: Correcting a Statement in the Sunday Mail Article “Government to continue importing US Dollars” (04.12.2016)

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Zimbabwe: Bond Notes causing stirring issues days after launch!

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Not only that the Harare Central Police are using their water-canons on the demonstrators today in the main streets of the capital. The pictures of Bond Notes coming from South Africa have not been enough with the leaked photos online. Therefore the Parliament and Hon. Mnangagwa and Hon. Chinamasa wouldn’t’ answer fellow MPs on their questions about the production of the currency. Secondly a big mining corporation will not start to sell their exported gold from Zimbabwe with bond notes, but continue to trade them with US Currency.

Disclose the Printing:

“Mnangagwa was responding to a question in the National Assembly from Binga North MP, Prince Dubeko Sibanda (MDC-T), who wanted to know if the government would not end up printing bond notes in excess of the $200 million Afrexim Bank facility” (…) “MPs should not be worried because government will restrict itself to the amount of bond notes anchored on the $200 million facility,” he said” (…) “Those of us who feel uncomfortable using bond notes should continue using the United States dollar because bond notes and US dollars are interchangeable. If you have no faith in bond notes, why not continue using the currency that you have faith in?” (…) “Mnangagwa said whenever the RBZ governor deals with monetary policy issues, he has legal authority to transact with other central banks in the world for the benefit of the country” (Langa, 2016).

Still selling gold with US Currency:

“Caledonia Mining Corporation Plc (LON:CMCL TSE:CAL) said there will no effect on its payment arrangements following the  recent introduction of bond notes by the Reserve Bank of Zimbabwe” (…) “Since the start of 2014, Caledonia has had to sell all gold produced from its 49%-owned Blanket mine to Fidelity Printers and Refiners Limited, a subsidiary of the RBZ” (…) “ So far all sale proceeds have been received within 48 hours of delivery to Fidelity in US dollars at a price which is 98.75% of the London afternoon “fix” on the day after delivery” (Whiterow, 2016).

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Current events as well:

It was also supposed to be One United States Dollar to One Zimbabwe Bond Note (1:1). But only days after the price on the black-market because of the lacking funds in the capital and in the nation of the new currency, the trading value is 1.25 to 1 Bond Notes. Together with the allowed taking out 300$ at the ATMs in Harare, but during today the limit where 150$, so the cash-strapped society continues even as the unleashed new currency hitting the streets. At Stanbic Branches outside you could get max 40$ Bond Notes and inside 25$ Bond Notes. So the issues of clearing the economy has apparently not hit yet. The lacking funds and coins are truly a phenomenon that Zimbabwe doesn’t easily shake out of.

So the easy launch and creating trust after the failing economic climate has showed to be hard on the Zanu-PF regime who has been vultures and eating heavy of the plate. That is something they still do and continues with, therefore the public distrust is genuine and expected. President Mugabe tricks cannot salvage this if the Public has no faith in the currency and not even the big bread-winners doesn’t change their cash-flow. The proof is if the major mining corporations and supermarkets don’t use or accept the Bond Notes. If so then the issue of Bond Notes is flawed. That we can hope, because the Bond Notes is just adding debt and giving the economy a fake push that the citizens would pay and not the government themselves. Peace.

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Reference:

Langa, Veneranda – ‘We won’t disclose where bond notes are printed: Mnangagwa’ (01.12.2016) link: https://www.newsday.co.zw/2016/12/01/wont-disclose-bond-notes-printed-mnangagwa/

Whiterow, Phillip – ‘Caledonia Mining says no impact from Zimbabwe’s new bond notes’ (01.12.2016) link: http://www.proactiveinvestors.com/companies/news/169819/caledonia-mining-says-no-impact-from-zimbabwe-s-new-bond-notes-169819.html

Zimbabwe: Cabinet decision on Witch Hunting (29.11.2016)

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