Zimbabwe Cricket: Press Statement (29.07.2019)

Zimbabwe: Press Statement on Vice President Chiwenga’s Condition (22.07.2019)

Zimbabwe: ZC ready to work with SRC to get ICC sanctions lifted (19.07.2019)

Zimbabwe: Press Statement from the Permanent Secretary for Health and Child Care on Request for Assistance in Respect of the Lupane East By-Election Campaign (17.07.2019)

Zimbabwe: Prosecutors Association of Zimbabwe – Memorandum – Re: Declaration of Incapacity by Prosecutors (19.07.2019)

Zimbabwe: ZADHR – Statement – Health for All: No to Political Motivated Partisan Distribution of Health Services and Goods (17.07.2019)

Zimbabwe: Terrifying high inflation rate!

Prof. Mthuli Ncube needs to really show the new dispensation and prove that the RTGS Dollar and Bond-Notes put together into the Zimbabwe Dollar really will save the economy. Because, the state is clearly failing on putting trust in the economy. The financial markets clearly has lack of trust or not feeling it. The Zimbabwe African National Union – Patriotic Front (ZANU-PF), the second republic has to prove now, that they can fix what the Mugabe regime couldn’t fix in 2008.

Now, the Ministry of Finance, the Professor and Minister has to prove himself. That he can fix this, before the hyper-inflation hits the fan. Since, there is an giant issue. The inflation is already getting out of hand.

On the 15th April 2019, the inflation rate was at 66,8%. By the 15th May 2019 it had already become 75,86%, it continued to spiral and by 17th June it was at 97,85%. That all seems bad enough, as the progression and estimates has been broken every month. Now today on the 15th July 2019, it has hit 175,66%. That means since April the rate has nearly tripled and is now at the level of triple digit.

The prices must really skyrocket, the salaries will not be able to follow these sort of numbers. The state cannot manage to finance the state nor get the civil servants paid enough. Now we can anticipate the fuel, gas and electricity prices to go up. It got too, because, the economy is crashing. When the inflation get to this, you know something is up. The state is now getting the inflation at a ten-year high. They are surely trying to get back into the 2008 mojo.

Mthuli Ncube really have to start doing some miracles, some sort of divine god-like acts that turns water into wine. He needs to dig deep into the shelters of misbelief and find redemption. Because right now, the bridges are burning and the state needs.

Just to tell how bad it is, the estimates in the coming months is already at 200% in August and by mid-September to get to 251%. If these are true, than we know the drill. The lack of foreign exchange, prices out of control and state reserves emptied. The need for IMF, World Bank and Chinese Exim Bank to save the day. To stabilize the economy and revamp the economy.

The ZANU-PF clearly doesn’t know how to build trust or fix this. Since, they are doing the same thing all over and they have not launched the new currency yet. This shows how dire and destroyed the economy is. Peace.

Opinion: RTGS Dollars are Bond-Notes on steroids!

Today on the 20th February, the Governor John Mangudya of Zimbabwe Reserve Bank have launched a new currency in the Republic. This is the second time within the amount of three years, that the Zimbabwe African National Union – Patriotic Front (ZANU-PF) have launched a currency.

Because on the 26 November 2016, the same authorities launched the Bond-Notes. As that currency been struggling ever since. As the promise of 1:1 Forex Exchange between the Bond-Notes and US. Dollars. However, that haven’t been the issue, as the Bond-Notes been weaker than that. Significantly weaker, but the authorities have played around like it has the same value.

The RBZ have launched the RTGS Dollars, which are fully named Real-Time Gross Settlement Dollars. In all means of the name is real long name for a currency. Even the RTGS Dollars sounds like insignificant transaction. Because, the RTGS is like a crypto currency, a digital one, where the amount of RTGS Balances + Bond-Notes = RTGS Dollars.

Therefore, the RTGS is based on the liquidity of RTGS Balances, which means the Mobile Money Transactions plus the Bond-Notes. That is showing the lack of value in the currency before even starting.

What is showing the nightmare of the whole Bond-Notes of 2016 is relaunched today in 2018. It is just repacked and they hope this will maintain stability of the exchange rate. However, it is now the whole multi-currency system in a boiling pot and they hope it becomes a tasty stew, by blending in a new feature. Which seemingly is built on a transactions system, instead of a assets and liquidity built into a stable financial market. As the currency is supposed to be trusted and be a state instrument for transactions. Instead, here it is built on shaky grounds and just awaiting to sink.

The governor of the bank has in 2017 called the economy an albatross. Certainly with the RTGS Dollars, that is not changing. As the unfortunate ideas continues arising and they think these will solve the lack of foreign exchange and the lack of input into the system. However, they are not thinking straight and unlocking new scary scenarios. As they are now trying to shield the Bond-Notes, get them into the digital transactions of the RTGS Dollars, which would hopefully get more funds into the system. It might infuse more funds, as these are returning and become taxed by the RTGS taxes. That is surely securing the values and lack of trust in the Bond-Notes, which now will be transferred to the RTGS combined with the RTGS Dollars. That later can be changed again into the US Dollars. That shows the weakness of the whole system. Just like it was with the Bond-Notes alone.

The RTGS Dollars will be devastating as the launch of Bond-Notes. This is just another storm in a glass. Now, the state and republic can just await another hurdle. The RTGS Dollars will be as hectic or maybe even more than Bond-Notes. Even if people are familiar, the reality is that US Dollars have been the saving grace and even civil servants wanted their salaries paid in that.

Therefore, the current future is the new digital currency, the RTGS Dollars will be a rocky road. How it will be? Who knows? But the launch of Bond-Notes was a mess, this will surely be no different… Peace.

Opinion: The Goblin’s family finally slapped by the state!

Since the November 2017 Coup in Harare, the Zimbabwe African National Union – Patriotic Front (ZANU-PF) has been friendly to the former President Robert Mugabe and his extended family. The ZANU-PF have let the family eat plenty have a giant package of money and also a big pension for the 37 year long presidency. Today, it is released a document telling, that the state is finally taking action against the family and their possession.

On the 16th March 2018 in the High Court of Harare, where Judge President Justice Chiweshe ordered eviction of Russel Goreraza, Grace Mugabe and Kennedy Fero. These three has lost in court, where they are now evicted from the properties of 409 Harare Drive, Pamona, Harare; 18 Cambridge Drive, Avondale, Harare; 75 King George, Avondale, Harare. All of these properties will go back to companies that owns the properties, since the Mugabe family has been squatting here.

This here is proof that the time has changed, this would never has happen in 2017, but it is in 2018. It might a proof that the President Emmerson Mnangagwa wants to show strength too, because of the blessings of National Patriotic Front and the support of the G-40 Members to the new party, before the up-coming elections. Therefore, the ruling regime want to show the former first family, that they are not untouchable anymore.

This here is vital if people been evicted or alleged crimes by the former first family, the can now petition the courts and get refunded for their hurt, even get their land and properties back. Who knows what more businesses, farms and other frauds the Mugabe family has done and could also lose if people petitioned it. When the state has been run by the family and cronies, they can now get it back and also see justice in these matters.

It is at least hope and proof that the Mugabe family is not untouchable, they can actually lose a court case and the petitioners has a chance. Last year, the courts would have dismissed or not given it merit even. Because Mugabe family good whatever they wanted and got away with it. Now the table has turned.

Mugabe family has been evicted from three properties, that is historic and a proof that time has changed. It is also a sign that the ZANU-PF plans to answer if the former President continues to cry havoc in the press. They will answer, because they will not show mercy, if the Mugabe creates drama. Peace.

Zimbabwe: Statement on Former President Mugabe (16.03.2018)