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Letter to My People: The best Finance minister award is a farce

Finance minister Mthuli Ncube was named "Best African Finance Minister of the Year" despite the country's economic turmoil.

My Dear People

I, the good doctor, was struck by the irony of Ngwena reading the riot act to his ministers last week.  

The octogenarian is the last person to give anyone a reprimand given his vapid performance as the country’s leader since being catapulted into power on the back of guns and tanks in that dark year of 2017.

 Since seizing power and bringing in a dispensation of poverty, darkness and confusion, Scarfmore has stumbled from one disaster to another.   

In May last year the bungling Lacoste leader took it upon himself to announce a blanket ban on lending by banks that caused mayhem in the economy with financial institutions cutting off vital loans to the country’s productive sectors and threatening their viability.

Faced with the catastrophe of such a harebrained decision, Scarfmore and co quickly reversed that decision, but not without having caused significant damage to an economy already in the doldrums.

 In 2019 Scarfmore banned the use of the multi-currency regime and decreed that the Zimbabwe dollar would be the sole legal tender despite not having addressed the benchmarks needed for its stability.

 Unsurprisingly the foolish move backfired spectacularly with inflation shooting to more than 800%, eroding incomes and pensions in the process. 

The Lacoste regime backtracked by bringing back the multi-currency regime under the disguise of addressing the devastating impact of Covid-19. 

Ngwena has since extended that multi-currency regime to 2030 despite having told business executives recently that the local unit would be used as the sole legal tender “soon”.

The bungling leader ate humble pie when he was forced to reverse ministerial appointments of non-legislators having exceeded the limit allowed by the constitution.

That he did this twice, in 2017 and 2023, has raised questions about the authenticity of his law degree.

One cannot forget his recent disastrous appointment of Zimbabwe National Army commander Valerio Sibanda into the Zanu PF politburo before, as has become the norm, being forced to reverse the decision as it was a brazen violation of the constitution.

It is laughable that with such a shambolic record of trial and error leadership, Scarfmore has the temerity to reprimand his ministers. 

Whoever said the fish rots from the head must have had individuals such as Ngwena in mind kkkk.

Just when I thought that nothing in this world could surprise me anymore, some institution in the United Kingdom, which called the nutty professor and Finance minister Mthuli Ncube the best finance minister on the African continent, proved me wrong.

Munopenga!!!

Just what are those who made such a preposterous decision smoking, one wonders.

How can Mthuli, who has superintended over an economy, which the International Monetary Fund has projected will end the year with an annual inflation of 400%, be the best finance minister in Africa?

 In what world can a minister who has binned the measurement of inflation based on the local currency alone to avoid exposure of the Scarfmore regime’ s shocking incompetence and who has consistently fiddled with inflation measurements to bring about inflation levels that are far divorced from reality, be called the best Finance minister on the continent?

This award is a huge mockery to the continent and will no doubt be the source of much mirth not only in Africa but also around the globe.

The farcical by-elections prompted by the scandalous recalls by the Citizens Coalition for Change self-imposed secretary general and clown Sengezo Tshabangu were given short shrift if the embarrassing voter turnout is anything to go by.

That the elections had a measly 20% voter turnout, with an unusually high number of spoiled papers, shows just how the citizens have given the middle finger to these sham polls. 

The elections might have given the Scarfmore regime the two- thirds majority it craved for, but it is yet another damning indictment of the deficit of democracy since the Ngwena regime took over.

That US$5 million went down the drain for this circus at a time the country is hard hit by a cholera outbreak and when public hospitals have just one functional ambulance, points to the impoverished leadership this country is now burdened with.

Gushungo, for all his shortcomings, would have never plunged to such lows in the desperation to get a two-thirds majority.

Given this disgraceful leadership by Scarfmore, one that completely lacks probity and dignity, you, my fellow Zimbabweans must miss the leadership of one of the continent’s greatest statesmen whose telescopic foresight remains unparalleled.

Congratulations to John Mushayavanhu on his appointment as the next Reserve Bank of Zimbabwe governor replacing the Bible- thumping John Mangudya.

It is my hope that the incoming John will be better than the current John, who will not be remembered fondly for deceiving the country’s citizens on that fiat currency called bond notes which he said could be exchanged on a one-to-one basis with the United States dollar.

 It never happened of course. 

Mangudya will also be remembered for declaring that he would quit if the bond notes were a failure before reneging on that promise after the fiat currency proved to be an unmitigated disaster. 

When all is said and done, not many will miss Mangudya except probably Zanu Pf chefs and those ambassadors who benefitted from the foreign currency auction system meant for productive sectors. 

Surely Mushayavanhu should do a better job given the low bar set by his predecessor.

Munopengaaaaaaaa

Stop It!

 Dr Amai Stop it! PhD (Fake)

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