Opinion / Columnist
Zimbabwe's budget less than half the annual turnover of Shoprite
29 Nov 2015 at 11:51hrs | Views
The ugly situation in Zimbabwe was reflected in the pitiful budget of $4 billion announced by Finance Minister Chinamasa on Thursday. The budget is even smaller than last year's. To put it in perspective, the money involved is less than half the annual turnover of the South African food retailer Shoprite .
Mr Chinamasa came up with no serious plans to address the country's economic malaise. The Vigil thinks this is because Mugabe has no answers except to get on a plane and go to Paris for another grandstanding conference.
So the situation in Zimbabwe will surely get worse. When we became independent we were second only to South Africa in the region in terms of economic development. Now Zimbabwe's budget is smaller than those of all our neighbours, including previously pitied Botswana.
Zambia gets five times as much foreign direct investment and Mozambique nine times as much. For its part, Botswana hardly needs any investment because it has worked out how to do it itself.
What makes the situation so serious for Zimbabwe is that virtually all the money the government gets goes on paying the government itself leaving nothing for the country. That things can be done differently is shown by Tanzania's new president John Magufuli. His first move was to cancel independence day celebrations to spend the money on a cleanup campaign.
The Vigil is sad that Zimbabwe is not under the leadership of someone with the vision of President Magufuli whose first thought was to scythe the privileged in the interests of the people as a whole.
Indeed, so self-obsessed is Mugabe that he went on from his Paris shopping trip to take part in the Vigil's Mr Ugly competition (now an international event). See: - Zim's Mr Ugly must also be 'creative and stylish' - organiser.
As expected, the event was fiercely competed by various devils but after satisfactory arrangements were put in place with the Vigil's bankers, ROBERT MUGABE was unanimously declared the winner and awarded the Nikuv floating trophy.
Thanks to those who came early to help set up: Eunice Mucherechedzo, Humphrey Dube, Sharon Moyo, Jennifer Maritsa, Farai Sharmaine Gumbanjera and Fungay Mabhunu. Special thanks to Humphrey for climbing up and down the ladder to put up the banners and tarpaulin and to Eunice and Sharon for taking care of the front table. Thanks to those who stayed till the end to help pack up: Alice Shimika, Audrey Chihoho, Catherine Musa, Chipo Parirenyatwa, Eunice Mucherechedzo, Fungayi Mabhunu, Humphrey Dube, Ishmael Makina, Jennifer Maritsa, Jennipher Sabe, Kidi Gotsi, Sharon Moyo, Tawanda Chikwanha, Veli Mamba and Zondiwe Gumede.
Mr Chinamasa came up with no serious plans to address the country's economic malaise. The Vigil thinks this is because Mugabe has no answers except to get on a plane and go to Paris for another grandstanding conference.
So the situation in Zimbabwe will surely get worse. When we became independent we were second only to South Africa in the region in terms of economic development. Now Zimbabwe's budget is smaller than those of all our neighbours, including previously pitied Botswana.
Zambia gets five times as much foreign direct investment and Mozambique nine times as much. For its part, Botswana hardly needs any investment because it has worked out how to do it itself.
What makes the situation so serious for Zimbabwe is that virtually all the money the government gets goes on paying the government itself leaving nothing for the country. That things can be done differently is shown by Tanzania's new president John Magufuli. His first move was to cancel independence day celebrations to spend the money on a cleanup campaign.
The Vigil is sad that Zimbabwe is not under the leadership of someone with the vision of President Magufuli whose first thought was to scythe the privileged in the interests of the people as a whole.
Indeed, so self-obsessed is Mugabe that he went on from his Paris shopping trip to take part in the Vigil's Mr Ugly competition (now an international event). See: - Zim's Mr Ugly must also be 'creative and stylish' - organiser.
As expected, the event was fiercely competed by various devils but after satisfactory arrangements were put in place with the Vigil's bankers, ROBERT MUGABE was unanimously declared the winner and awarded the Nikuv floating trophy.
Thanks to those who came early to help set up: Eunice Mucherechedzo, Humphrey Dube, Sharon Moyo, Jennifer Maritsa, Farai Sharmaine Gumbanjera and Fungay Mabhunu. Special thanks to Humphrey for climbing up and down the ladder to put up the banners and tarpaulin and to Eunice and Sharon for taking care of the front table. Thanks to those who stayed till the end to help pack up: Alice Shimika, Audrey Chihoho, Catherine Musa, Chipo Parirenyatwa, Eunice Mucherechedzo, Fungayi Mabhunu, Humphrey Dube, Ishmael Makina, Jennifer Maritsa, Jennipher Sabe, Kidi Gotsi, Sharon Moyo, Tawanda Chikwanha, Veli Mamba and Zondiwe Gumede.
Source - Zimbabwe Vigil Diary
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