Chinamasa admits to economic rot

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FINANCE minister Patrick Chinamasa last week admitted before Parliament that the economy was in tatters, but blamed the rot on economic sanctions imposed on Zimbabwe by the West 10 years ago.

SENIOR PARLIAMENTARY REPORTER

Chinamasa equated the economic quagmire in Zimbabwe to a person knitting a jersey and a mad person destroying the knitted jersey afterwards.

However, the MPs challenged him to be explicit in his economic policy proposals and explain how he intended to ensure small and medium enterprises would turn around the economy as mainstream industries were closing down.

Kuwadzana East MDC-T MP Nelson Chamisa also challenged Chinamasa to explain if the government would be reshuffled given the failure to turnaround the economy.

“We are aware that our economy is not stable and that industries are down, and what are you doing as a ministry to help the nation as the majority of people believe that there would be a change,” Chamisa said.
“Is the government going to be reshuffled because ministers have failed to turn around the economy?”

But Chinamasa, in response said: “First of all, I would like to thank the MDC-T members for admitting that our economy is down due to sanctions.  One of the major problems is that we can equate this to a jersey that is being knitted by an insane person – whereby one does the knitting and then the other is undoing the knitting.

“I did not say who the insane person is, but when we are talking about the development of Zimbabwe, there are some who are there to develop and others are there to complain and destroy. These are the same people who are requesting that sanctions should be imposed.”

When Chikomba Central  MP Felix Mhona  (Zanu PF) asked him to explain what policy interventions government had to ensure the informal sector deposited money in the banking sector and whether there would be attractive interest rates and tax incentives for that, Chinamasa said the government was doing studies to find out the size of the informal sector and how they could formalise it.

He said the 2012 national census showed that there were 5,8 million people working in the informal sector.

9 COMMENTS

  1. Chinamasa, start with the basics before you aim to turn around the whole economy:

    1. Can you make sure that rank fees paid by bus operators at numerous bus termini across the country go to the respective municipalities, and not to party functionaries.

    2. Can you make sure that table fees paid at Mupedzanhamo find their way to Harare City Council, and not to party functionaries.

    I can go on, but for a start, can you do these simple tasks to show the world that your regime doesn’t support lawlessness. Without these fundamentals, forget it, the country is doomed. And this time, if you are not careful, the economy will go down with you and the regime you represent!

  2. When will this blame game end? Why don’t these people just quit? They lied to the whole population when they said they will create two million jobs in five years. Now they’ve reverted to their old song. What has the MDC-T to do with their failure given that they sowed seeds of failure in 1980. It’s zanu pf’s failure which resulted in ESAP in October 1990 and the successful formation of MDC in 1999.

  3. This admission has no substance, especially when it comes to blaming the economic problems on so called “sanctions” that very few people now believe.

    Poor policy, mismanagement and corruption is to blame and that lies squarely at the feet of mugabe and his zpf ruling elite gang of liars and pretenders and crooks. Without clear productive policies, economic dicipline and rule of law, there can never be an economic turnaround with this recycled bunch of thieves.

  4. One other thing, that knitting analogy was stupid because there was no pattern to follow to begin with. These clowns in zpf did not have a blueprint to grow the economy from day one 18 april 1980. no tax base, no development just a continuous begging bowl stretched out to the very people they blame for all the ills of the country, highly irresponsible and uncivilised.

  5. Tanzwa nekungonzi masanctions.Tsvagai zvimwe zvekunenedzera.Mauraya macompanies ese nenyaya yehuori asi muchirikurambirira pachigaro.

  6. in 1980 to 87, our problems were because of zapu, in 88 to 94 it was south africa and mozambique rebels in 95 to 99 it was drought in 2000 sactions in 2008 to 2013 unity government could not work. now we are back to sanctions. it never stops.

  7. 1:cde once said keep your England and wl keep my Zim
    2:cde once said indegenise.economy. industry and create employment but over 100 000 were retrenched after july 31
    3:cde once said our friends frm the east wl help us by extednding lines bt th eastwhile friends ar helping southafrica nigeria tanzania zim nothing except madolar for two
    4:cde once said in the with or without vote for us coz we can turna round th economy.
    STOP FOOLING USSSSSssssss

  8. 1:cde once said keep your England and wl keep my Zim
    2:cde once said indegenise.economy. industry and create employment but over 100 000 were retrenched after july 31
    3:cde once said our friends frm the east wl help us by extednding lines of credit bt th eastwhile friends ar helping southafrica nigeria tanzania zim nothing except madolar for two
    4:cde once said in the with or without vote for us coz we can turna round th economy.
    STOP FOOLING USSSSSssssss

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