Kimi

[Kimi @Ku10da]

@Freeman_Dube_ @TogaMaviza @nustzim @DavidColtart Ndebele student at UZ? ... Does this mean someone's studying Ndebele maybe? 😂. Otherwise, normalise saying UZ student, NUST student, MSU Student. Saying Ndebele student, Shona student, etc is tribalistic. Practice what you preach!

[Dr. Denver @denvern3]

1. There might be those who disagree,but I'll put it to everyone that with the strategies that the opposition has employed over the past 23 years, in a normal country those strategies would have secured them power. We must zoom out and see just how abnormal our country is, that winning elections does not secure power as a default for the opposition is the greatest robbery to Democracy.

[Kimi @Ku10da]

@bmusonza @Mlandeli_Ndlela @RangaMberi @Gideon_ZW Botswana with about 2.5m people has more than 10 malls in Gaborone alone, at least 4 of them bigger than any you would find in Harare. Our CBD is now not shopper friendly, people need alternatives, esp on the high end

[Kimi @Ku10da]

@matigary This has nothing to do with the USD...

[Kimi @Ku10da]

@RangaMberi @SDMagZim Good one, very informative, and well imagined concept. Much better than senseless jingles, skits, and brand ambassadors that has now littered the marketing space and has killed creativity in Zimbabwe.

[Kimi @Ku10da]

@StarfmZimbabwe What is the meaning of one of the largest? We are not a top 5 economy (by size) in SADC, neither are we anywhere near fastest growing... looking forward to more factual discourse from our leaders. Solid visions need to be built on an acknowledgement of our current reality.

[Kimi @Ku10da]

@kudzie_sharara @rufarogz @dannyzembe Exactly, when management keeps on failing (and honestly not changing too), better for the market to take away (or at least transfer) the power to manage

[Rufaro @rufarogz]

Namibia became independent in 1990 and has averaged 3.35% GDP growth per annum since then.

As a member of the Common Monetary Area, its currency the Namibian dollar is pegged to the rand and governed by the South African Reserve Bank.

If the Zimbabwean economy had also grown by an average of 3.35% between 1990 and today, it would be about 44% bigger than it is.

And yet we often hear the case that an economy cannot grow & develop without its own currency. If this is an objective truth, how has Namibia done it?

Why would rich and powerful sovereign states in Europe give up their national currencies pursuant to a European Monetary Union?

Einstein quipped that insanity is doing the same thing over and over and expecting a different result.

But we find ourselves listening to policy makers that have presided over two bouts of debilitating hyperinflation pontificate about the virtues of a national currency. 🤷🏾‍♂️

Interestingly, for most of its history, the U.S. enjoyed robust economic growth without a central bank nor national currency. At the height of the so-called Free Banking Era there were about 8,000 state banks, each issuing their own notes (commodity notes backed by land or precious metals like gold or silver).

The modern Federal Reserve system was founded in 1913 and the greenback was pegged to gold until 1971. Fiat currencies have only been around for about 50 years.

Asia’s economies developed through high productivity and a culture of fiscal discipline and savings. These countries back their currencies with massive holdings of gold and foreign currency reserves.

In the aftermath of the change of power in November 2017, policy makers were adamant that a Zimbabwean dollar would not be introduced until conditions such as sufficient reserves were in place.

Today’s narrative - that the ZW$ is an indispensable necessity - is not the result of a careful and thoughtful review economic history. Neither is it a brilliant and innovative way of engineering growth and prosperity. It’s merely a specious justification of the status quo. Failure.

[Kimi @Ku10da]

@dannyzembe @rufarogz Local banks can create credit, but just not USD credit, that just is not possible. The only way a bank creates credit is when it enjoys accommodation from the issuer of the currency in which the credit is denominated, otherwise it will go bust...

[Kimi @Ku10da]

@RangaMberi Fooks

[Kimi @Ku10da]

@VascoDaGappah @TembaMaseko1 Exactly why investment promotion shouldn't be under treasury. Investment does not have as much direct contribution as taxation, flows are a long play. MoF will always put balancing the budget b4 much else... Anyways not that it makes much difference in ZW, we have bigger issues!

[Kimi @Ku10da]

@DrMutambudzi @edmnangagwa You make the fatal and very naive mistake of thinking that because Zimbabwe is not reported there, then it ranks higher. What is Zimbabwe's GDP per capita in 2023? https://t.co/EVOYucsq1m

[PROFESSOR GIFT MUGANO (Ph.D) @gift_mugano]

@ZimTreasury @GGuvamatanga @MthuliNcube must explain the following:

The information posted on the @ZimTreasury shows that country anticipates to spend ZWL$25.6 trillion this year, that is, +5 times the current budget of ZWL$4.5 trillion without the approval of @ParliamentZim since @MthuliNcube didn't do a supplementary budget. Who authorised this?

@ZimTreasury anticipates to spend ZWL$10.7 trillion in 2023 on salaries yet in the mid term fiscal review presented on 11 August 2023, @MthuliNcube reported that his ministry spent ZWL$1.4 trillion on salaries. How is it possible that he will spend the remaining ZWL$9.3 trillion in the remaining 6 months?

In view of the fact that @ZimTreasury spent ZWL$747.5 billion in the first half of the year, what is the Justification that @ZimTreasury will spend ZWL$4.2 trillion in the last half of the year, that is, ZWL$4.9 trillion minus ZWL$747.5 billion?

In view of the fact that @ZimTreasury anticipates to exceed its current budget by +5 times in 2023, what is the rationale of the @MthuliNcube predicting to spend ZWL$33 trillion in 2024, that is, ZWL$8trillion more than the current budget of ZWL$25.6 trillion?

I see that public public debt has reached 130% of GDP, that is, 30% increase within a year - a massive and unsustainable debt overhang. What caused this high jump withinayear? Now in view of the fact that we failed to pass the test on free and fair elections, which was one of the conditions required to secure debt resolution, what strategies will our beloved country implement to stop accruing more debt and resolve the debt crisis?

In view of the foregoing observations, what is the implications of the combination of these economic indicators on macroeconomic stability?

To be precise, what will happen to exchange rate, inflation & ZWL when the 2023 budget is anticipated to go up by +5 times in the next half of the year?

If the Zimbabwe economy is anticipated to grow by 4.1% what is the true figure of inflation which is driving a massive surge of the national budget & revenue windfall by +5 times?

The honest truth is that our finances are not in safe hands! This table attached here spells the mother of all disasters!👇👇👇

[David Coltart @DavidColtart]

Our youngest daughter has asked the question with elections coming up - are you ready #Zimbabwe ? Vote ⁦@CCCZimbabwe⁩ and ⁦@nelsonchamisa⁩ for a new dawn in which all of our young people have a future. Zimbabwe is for everyone!

[Kimi @Ku10da]

@bmusonza Maybe you need to pay a little more attention...

[Kimi @Ku10da]

@bmusonza It is not always that a government of the day will act in the best interest of the State (people). People should own their land, whether individually or collectively. The people of Chiadzwa, Mutoko, Chilonga etc have been abused because of this 'State' ownership.

[Kimi @Ku10da]

@waltermzembi @nickmangwana @Moha_Zim @PoliceZimbabwe The directive still acknowledges that arrests have since been made... so you wonder what the directive is for. Maybe the arrests were not correct... which would not be surprising, seeing ministerial 'oversight' on the correctness of arrests is precedented and condoned 😂😂

[Kimi @Ku10da]

@ProfJNMoyo Numbers and propaganda are not good friends.... where are you getting 62 days?

[Dr. Denver @denvern3]

Dear South Africans,
The statement by this ANC Cadre shows that you are ticking the same boxes that Zimbabwe ticked on its way to become a failed state. Stop blinding yourself and reciting "we will never be like Zimbawe", this conflation of State and Party that ANC is pursuing will Zimbawe you very fast. Vote these guys out before they take you there.

[Kimi @Ku10da]

@bmusonza Talk, talk, talk... that is what African leaders are good at. Meanwhile African countries are closer to non-African allies than they're to each other. RSA is close to Russia than it is to its own SADC neighbours.