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Zanu-PF in the right track on the economy

BY Dr Masimba Mavaza

WHEN President Emmerson Mnangagwa addressed the nation he created hope that ZANU PF would give a clear strategy towards addressing the currency distortions that have left the country on an economic precipice. The president commanded the party to command the government to work in the best interest of the people.

ZANU PF brings to you the situation on the ground. We are aware that the country is facing the most difficult times in economic area. Things have become so difficult so hard and so unbearable. But now the future is bright and brightness is certain.

ZANU PF has the people at heart and feels the pain with its members. We are in this together. Remember MDC has made it clear that it will not rest until every Zimbabwean has suffered. They actually said vachadira jecha. This is the most evil slogan by MDC A and their clown master Chamisa. The suffering of the Zimbabweans is caused by MDC. The reason is simple. It is to starve you to rebellion. They want the country to be starved to rebellion. The idea of the MDC is to make you so hungry so that you abandon your party. ZANU PF is facing so many enemies who are the enemies of the people. It is on this basis that we as a party have to explain our economic short comings.

The nation had expected that after Finance minister Mthuli Ncube promised to address the currency distortions in the market, including the prospect of dumping the country’s surrogate bond note currency, ZANU PF would have gone a step further to give the much-needed confidence in the money market. This we did and the fruits are showing
The current situation is untenable, but this is not the result. It is only the journey to a better tomorrow. Ncube reasoned, given the wild fluctuations on the black market were largely due to the rule of the market and the government perked the US dollar at a different rate with bond. This was a good idea but now it has come to another level.

The bond note, is behind the spiralling of the US$ black market rate and the market immediately responded, but in a very unpredictable way.

The US dollar rate to the bond note and the real time gross settlement rose to about 100%, triggering a wave of price changes. But these are the birth pains they will soon be over.
ZANU PF is aware of people who are causing these difficulties. Some people are taking advantage of the situation. This makes the situation bad but the party has expertise to handle this matter. You should not be fooled by our enemies who want you to dump your party. ZANU PF is for people and people are ZANU PF.

A friend told me that our problems in Zimbabwe now are called the Cobra effect.
The Cobra Effect is a term in economics. It refers to a situation when an attempted solution to a problem makes the problem worse.

This name was coined based on an incident in old colonial India. By some reasons, there were too many venomous cobra snakes in Delhi. People were dying due to snake-bites and it became scary for almost everyone to step out of their houses.

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The government of the day had to get into action to stop this menace and it offered a silver coin for every dead cobra. The results were great, a large number of snakes were killed for the reward.

Eventually, however, it led to some serious unwanted consequences. After a short-term dip in cobra population, it started going up.
This was because few people began to breed cobras for the income. When the news reached the government, the reward program was scrapped, causing the cobra breeders to set the now-worthless snakes free. As a result, the cobra population further increased. The solution for the problem made the situation even worse.

The unintended consequence for a well-intentioned idea led to making the problem worse.

Trying a new solution?or
Planning to tackle an existing problem with a new idea?
We must brace up for what comes with the idea and we must embrace it.

Specially the solutions that try to affect how people behave.
There’s always a certain group of people who have a tendency to game the system intentionally or otherwise.

They have a tendency to take short-term advantage of any situation though that may lead to harm to them & society-at-large only in the long run.

Every solution has consequences and those consequences may lead to certain situations where rather than solving a current problem, you may end up with more complex problems.

The problems we have now are the birth pains. They do not reflect any bad management on our side. It shows how resilient we are Despite the jecha the MDC is pouring in our economy we are marching on to your prosperity.
ZANU PF is your party it freed you from colonialism. It will never leave you alone. Tiri tese mu ZANU. ZANU iwe neni tine basa. Lets put on our war clothes and fight for our party. 2023. ZANU PF back to the office.

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