Latest News Editor's Choice

News / National

Mazibisa blasts ZBC

by Mandla Ndlovu
13 May 2019 at 13:45hrs | Views
The Zimbabwe Broadcasting Cooperation has come under fire over its story that said spike in fuel demand a reflection of increase in industrial productivity.

The story quoted on Mr Everton Mlalazi the CEO of Sakunda Holdings who said, "What the increase in demand means is that government has opened up space for business and industry is now working."

Award winning entrepreneur and Forbes listed businessman Nkosana George Mazibisa said the story was full of lies because developed countries do no lack fuel like Zimbabwe.

Said Mazibisa, "It is this level of idiocy that I can't tolerate and later alone ignore to challenge. How can a national broadcaster lie blatantly without facts.

"There are many classical examples of highly industrialised nations both in Africa and abroad whose economies cannot be compared to this Msikeni or Spaza of ours. Yet they don't experience/use fuel queues as indicators of a growing/viable economy. Actually our fuel consumption can be compared to a mere "district or province " in those countries.

Recently the Minister of Energy Dr Joram Gumbo told Cavinet that the lack of fuel was attributed to the delay of payment to the fuel suppliers by the Reserve Bank of Zimbabwe.

He revealed that the country will be buying fuel from Mozambique after RBZ managed to release some funds.

Zimbabwe has been experiencing acute fuel shortages since December 2017.

Source - Byo24News