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ZCTU tells Zanu PF to call for new elections
03 Jun 2016 at 06:40hrs | Views
THE Zimbabwe Congress of Trade Unions has called on the Zanu-PF government to step down and call for fresh elections instead of introducing bond coins.
In a statement, the ZCTU secretary General Japhet Moyo said introducing bond coins was not a panacea to the economic challenges the country is facing.
"Introduction of bond notes by the Reserve Bank of Zimbabwe (RBZ) as a solution to the current debilitating cash shortage will not in any way help Zimbabweans as the cash crisis is a symptom of a more complex and bigger problem. The major problem is well known to everyone that the country is not producing and industry is on its knees."
"Zimbabwe has become a supermarket economy depending on huge imports hence the current frightening trade deficit. This is where the leaders of our country should be focusing on. The ZCTU implores on the country's leadership, if they are decent and have conscience, to call it a day and call for national elections to give the country a fresh impetus. This is the only way we can move forward as a country," he said.
He said it was unfortunate that the government chose to focus on peripheral issues instead of addressing the root causes of the country's economic woes.
"Unfortunately, they have skewed priorities and think printing pseudo dollars is the solution. In fact, the introduction of the bond notes will worsen the plight of workers as more and more companies will sink due to failure to access real money to rejuvenate their operations."
"The bond notes will not work as Zimbabweans have lost confidence in the government's ability to revive the economy as well as the ability of the RBZ to rise to the occasion under the current crisis. With the nasty experiences of the bearer cheques era, Zimbabweans have lost trust in the RBZ that wiped out their life time savings. It seems the current RBZ chefs are repeating the same measure that were employed before and failed to work," said Moyo.
He said the government needs to that they have failed to revive the industry as well as run the country and let those who are able to do so to take over.
In a statement, the ZCTU secretary General Japhet Moyo said introducing bond coins was not a panacea to the economic challenges the country is facing.
"Introduction of bond notes by the Reserve Bank of Zimbabwe (RBZ) as a solution to the current debilitating cash shortage will not in any way help Zimbabweans as the cash crisis is a symptom of a more complex and bigger problem. The major problem is well known to everyone that the country is not producing and industry is on its knees."
"Zimbabwe has become a supermarket economy depending on huge imports hence the current frightening trade deficit. This is where the leaders of our country should be focusing on. The ZCTU implores on the country's leadership, if they are decent and have conscience, to call it a day and call for national elections to give the country a fresh impetus. This is the only way we can move forward as a country," he said.
He said it was unfortunate that the government chose to focus on peripheral issues instead of addressing the root causes of the country's economic woes.
"The bond notes will not work as Zimbabweans have lost confidence in the government's ability to revive the economy as well as the ability of the RBZ to rise to the occasion under the current crisis. With the nasty experiences of the bearer cheques era, Zimbabweans have lost trust in the RBZ that wiped out their life time savings. It seems the current RBZ chefs are repeating the same measure that were employed before and failed to work," said Moyo.
He said the government needs to that they have failed to revive the industry as well as run the country and let those who are able to do so to take over.
Source - The Worker
