open boys

[Gift Ostallos Siziba @Cde_Ostallos]

The ZIG experiment has been a catastrophic failure! An economy simply cannot flourish on propaganda, slogans, and coercion. Instead, it requires sound policy, accountability, and transparency to truly thrive.
The ZIG project was a reckless gamble, lacking tangible backing and designed to exploit vulnerable citizens. It's no surprise that it's self-destructing, taking Zimbabwe's economy down with it.

Zimbabwe needs a new approach - one rooted in honesty, good governance, and people-centered policies that prioritize the well-being of its citizens.

[open boys @boys_open]

@matinyarare corruption and looting

[open boys @boys_open]

@Twinsis50497431 @edmnangagwa we are now in 2024 where by each household must have a tape

[open boys @boys_open]

@dereckgoto strong zig

[open boys @boys_open]

@Twinsis50497431 @edmnangagwa ZIG

[Hopewell Chin’ono @daddyhope]

Zimbabwean tyrant Emmerson Mnangagwa was warned last week by retailers that his misguided economic policies would cripple the retail sector, leading to shutdowns.

Well, it has started happening, Power Sales has shut down its Masvingo branch.
This is because the Zimbabwean economy has collapsed, and the local currency is breathing its last breath, lying on the floor.

Retailers like Power Sales survived by offering credit to civil servants, but when the economy collapsed, they couldn’t continue.
Friday’s 44% exchange rate devaluation against the Zimbabwean local currency, the ZIG, was the final nail in the coffin, as what these retailers were owed in credit is now worth nothing.

The devaluation of the Zimbabwean local currency has undoubtedly exacerbated the challenges faced by retailers, particularly those who rely on credit to maintain their operations.
The devaluation not only erodes the value of the credit they are owed but also undermines the purchasing power of their customers, further reducing their ability to generate revenue.

In other words, it is no longer viable for them to pursue business under the present economic environment.
The printing of money my Mnangagwa to fund his insatiable appetite for looting public funds through public procurement led us to here.

All that money that was stolen through tenders has to be paid by someone, and that someone is YOU!

The closure of Power Sales' Masvingo branch serves as a stark warning of the potential consequences that misguided economic policies can have on the retail sector and the broader economy.

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

President ⁦@edmnangagwa⁩ is spot on here!!! How can we be a unified people when opposition leaders are being hunted & languishing in prison for flimsy charges? Isn’t value adding that we concentrate on what is uniting us than what is dividing us? Our economy is on fire 🔥😭

[LynneM 💕💝💎 @LynneStactia]

Since 1980 ! This is the first time for the madness of this level! ZiG rafoira !

[Hon Zivhu @killerzivhu1]

Our biggest problem is hate politics. Other countries use sportsmanship in their politics, and we use war tactics - a 'kill or destroy the enemy'approach.If someone opposes our ideology, they are enemies. Africa gets aid from Europe, but can we say Africa is a puppet of Europe

[Hon Zivhu @killerzivhu1]

Pakuda 50kg ye headache tablets kuti ukwanise kushandisa ZIG, ukarega unofa ne BP, ukapinda mu Shop ne ZIG rinopera fast kunge ethanol yatinotengeserwa tichinzi petrol, zvinhu zvacho masaramusi chete

[Hon Zivhu @killerzivhu1]

Every country is built by its citizens, nothing new! The difference? Developed nations prioritize protecting their resources & preventing corruption. #CitizenEmpowerment #NationalDevelopment

[Ishe Mukati @ishemukati]

@Twinsis50497431 @nelsonchamisa @AfricanHub_ @alistarchibanda @BARBARATANYANY1 @BaShonaBaShona @BuheraWestCCC @Bulawayo24News @CChazunguza @cdeshamu

[open boys @boys_open]

@Twinsis50497431 @elvisbrian6gma1 @nelsonchamisa @AfricanHub_ @alistarchibanda @BARBARATANYANY1 @BaShonaBaShona @BuheraWestCCC @Bulawayo24News @CChazunguza @cdeshamu uri bootlicker zvee

[open boys @boys_open]

@Twinsis50497431 @nelsonchamisa @AfricanHub_ @alistarchibanda @BARBARATANYANY1 @BaShonaBaShona @BuheraWestCCC @Bulawayo24News @CChazunguza @cdeshamu gold backed currency kkkkkk

[Prince Dubeko Sibanda @DubekoSibanda]

It was a great experience to celebrate my birthday amongst my own especially after the prison stint. The ZRP can be a distraction. However, the whole system must FALL. Ward 7 of Binga North is the notice.

[Pedzisai Ruhanya @PedzisaiRuhanya]

Sandra Mtukudzi is an amazing, great story teller. A story of pain was narrated in laughter, smile giving great authenticity to the narration. That interview is the greatest and says everything. Leave it there for the masses to learn how to treat children. Sando dzako mwanasikana

[TheNewsHawks @NewsHawksLive]

Simbisa Brands Limited, the largest fast-food business operation in Zimbabwe which owns or runs a vast chain of outlets and franchises such as Chicken Inn, Pizza Inn, Baker's Inn, Fish Inn, Nando's, and Steers, with an extensive footprint across 11 African countries and over 600 restaurants, says it will now pay half of its obligations in local currency, ZiG, and the United States dollar (50/50) as it is receiving less than half of its revenues in forex amid renewed currency and exchange rate volatility.
Companies are struggling to cope as they are forced to trade at the official exchange rate when the parallel market has long moved, and differentials widened, creating distortions and arbitrage; catalysts for black market explosion.
Authorities have been battling black market currency traders amid threats and arrests in a bid to defend ZiG introduced on 5 April through law and order instruments and political intimidation in the markets.
ZiG has lost over 49% of value since its introduction. This has left it in sharp decline, facing real prospects of plunging into a freefall and eventual collapse.
The Zimbabwean dollar in its various manifestations has collapsed many times and gone through six versions amid severe bouts of economic instability, meltdown and implosion.
Foreign currency shortages are also hitting companies hard as money supply, inflation and interest rates run riot.
The fixed official exchange rate is US$1: ZiG13.8, while the parallel market rate is US$1: ZiG30.
The resultant distortions have left most businesses facing operational difficulties and in some cases closure.
Big retailers in Zimbabwe warned two days ago that they are facing closure unless government urgently intervenes in the market to restore stability and sanity.
Simbisa, an Innscor Africa spin-off company currently listed on the nascent Victoria Falls Stock Exchange, said.
"Given the current trading environment where we are receiving less than 50% of our sales in USD we find ourselves unable to settle our suppliers exclusively in USD on the current terms. We therefore writing this letter to request a change in payment terms effective immediately.
"The new terms will be as follows:
Simbisa to settle 50% of the before VAT invoice amount in USD and the balance to be converted and settled in ZWG. VAT thereon will be settled 100% in USD in line with Zimra requirements.
"Other terms remain the same as agreed, supplier to continue invoicing in usd 100%. We also commit to settle our account as per the agreed terms. We take this opportunity to reiterate our commitment to the long standing relationship that is
beneficial to both parties. Hence the need tocommunicate on the current changes which have affected our business."
Simbisa, an Innscor Africa spin-off company, has an extensive footprint in Africa, with outlets in Zimbabwe and 10 other African countries, including Kenya, Ghana, Mauritius, Botswana, DRC, Malawi, Eswarini, Lesotho and Zambia.

[open boys @boys_open]

@Vahombe07

[open boys @boys_open]

@MICTPCS_ZW @TateMavetera