News / National
Zanu PF MP accuse government of addressing symptoms of economic problems
07 May 2016 at 05:45hrs | Views
Zanu PF MP for a Harare Constituency Terence Mukupe has said the government is addressing symptoms and not the root cause of our problems.
"We have a flight of the used out of our economy causing the cash shortages. The primary suspects in terms of the used flight are entities that are bringing goods on consignment out of south Africa dumping them into Zimbabwe and siphoning the precious little used out," said Mukupe. "The Governor admitted that up to 60% of our total payments to south Africa.
"Currency utilisation at the moment is currently skewed in favour of the US$ in spite of South Africa making up 60% of the imports in South Africa. Lets analyse these payments, are they raw materials for industry or groceries! You will find out that they are groceries!!! We don't need the pick n pays, choppies etc, they are ruining our country!!! I think we need to introduce policy of Prof Jonathan Moyo of 100% local content in the shelf space in shops we say 80% local," he said.
"These grocery chains are exporting manufacturing jobs to south Africa and also externalizing the little hard earned used we are generating through the exports of our minerals!!! This makes my blood boil citizens!"
"We have a flight of the used out of our economy causing the cash shortages. The primary suspects in terms of the used flight are entities that are bringing goods on consignment out of south Africa dumping them into Zimbabwe and siphoning the precious little used out," said Mukupe. "The Governor admitted that up to 60% of our total payments to south Africa.
"These grocery chains are exporting manufacturing jobs to south Africa and also externalizing the little hard earned used we are generating through the exports of our minerals!!! This makes my blood boil citizens!"
Source - Byo24News
