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MUCKRAKER: Spiralling inflation! Now we know the enemy is within – The Zimbabwe Independent

George Charamba

JUST when Nelson Chamisa was starting to believe news that he has no influence left in the country, it was reported this week that he is in control of the economy. This must have come as a massive shock to the man.

Prices are rising in the shops, clearly because businesses are refusing to operate at a loss, as any patriot is expected to do. But there is a more sinister agenda. This is according to a man whose job is to speak on behalf of the country’s owner, but who spends most of his working hours tweeting into the void, and chatting with a Zambian youth leaguer.

“Chamisa is mobilising business to defend his urban vote against Zanu PF encroachment,” George Charamba said.

This is very important news, coming from the spokesperson of the highest office in the land. All along, we thought the government was in control of the economy. Clearly, we were wrong. It is now confirmed that they have long lost control and Chamisa is, we are told, now running the economy. Even he must be shocked at this unexpected turn of events.

Silly questions

Still on prices, it was reported last week that our owners had sent in a crack team to investigate why prices were going up all over the place. Of course, some of us patriots already knew what was going on. It was all because of those businesspeople being led by the nose by Chamisa and his fellow foreign quislings.

In case some people at Shake Caramba Headquarters were beginning to ask silly questions about incompetence and so forth, our owner said in a Sunday Mail article: “We even wonder if at all we are dealing with business anymore or with the politicians disguised as company executives seeking a political upset. Equally, politicians seeking to engineer market failures for definite political outcomes will be dealt with as political opponents and through rules of appropriate politics.”

So, when we sent out our people to find out what was going on, we already had answers for them. But, somehow, they developed minds of their own. In a report, they blamed money printing for all this nonsense. They even said our plans to fix the problem, like our genius strategy of flooding our country with cheap imports, would backfire.

No doubt, it is that boy Chamisa again — that boy we have told you has no structures, no money and no strategy — who paid our people and told them what to write in a government report. Where is the CIO when we are being infiltrated like so?

Jealous people

By now, we all know that we have jealous people among us who do not want to see us prosper. This is especially so for the opposition, which has no policy — except the policy of crying as loud as possible so that the West can hear them.

Recently, our benevolent leader bought us a new set of helicopters. Some of the choppers will be used by our police force to capture criminals, and also monitor a few other errant miscreants from the air. Others will be used to evacuate our people from disaster areas, say when there are floods, and also for medical air rescue.

Of course, even those who have whined about the absence of air rescue services came out to cry, saying we have our priorities in a twist.

According to the opposition CCC: “Zanu PF’s grossly irrational purchase of Kazan Ansat helicopters at an inflated price when public hospitals are under-equipped and broken demonstrates the regime’s misplaced priorities and lack of true concern for citizens’ welfare. Vote CCC.”

Of course, they forgot to tell us that their main priority should they grab the feeding trough is to succeed where America failed by giving us bullet trains, airports everywhere, and to ban the innocent Zimbabwe Bird.

Laughable Garwe

There must have been a lot of shocked people in the ruining party structures this week when it was declared that bribery is not an acceptable way to campaign.

According to the reeling party’s Mashonaland East provincial chairperson, Daniel Garwe, vote-buying is causing chaos in the party.

“We saw it in the primary elections; some used money to buy seats. The dangling of money is not doing us any good, but is destroying the party. If you are rich and have money, bring it for developmental purposes for the benefit of the masses,” Garwe said.

Surely, this Garwe fellow must be new to the party. What is he talking about? We all know that, for Zanu PF, there are only two ways of campaigning for office. The first is hitting people on the head with a suitably heavy knobkerrie, slashing their backs with whips or machetes, or, as one Saviour Kasukuwere would advise, spraying pesticide in their faces. These are the most trusted ways of persuasion.

When this fails, the next best thing is bribery. And now we see senior people like Garwe telling us to simply campaign without using these tried and tested methods? How does he expect us to win elections? By simply selling our policies? What a laugh.

Poor reporters

Muckraker commiserates with journalists at the state-controlled Zimpapers, who have had to go public to tell their employers that the economy is not doing as well as they have been told to tell us.

In a memo to their owners, the reporters sounded like every worker in the Second Republic. They could no longer afford to travel to work, could barely afford basics, and don’t even have the tools to do their work with.

It gets worse. According to the reporters: “(Our newsroom) is now a haven of cockroaches, an embarrassment when visitors come through for meetings.”

This is the most accurate thing the Zimpapers reporters have reported on so far. Just like everywhere else in Mafialand, these are professionals who just want to do their jobs and go home. But, of course, our owners expect them to live with cockroaches to prove their patriotism, while our leaders eat on their behalf.

Unpatriotic journos

The reporters were not the only ones from Zimpapers, who were being unpatriotic this week. While our newspapers were telling us that prices are rising because of a political plot by our enemies, some of the accountants and executives at Zimpapers were singing a completely different tune.

In the company’s latest financial report, the company seems not to believe what its own papers are telling us. According to the company, prices are rising because of the exchange rate disparity imposed on the economy.

Says Zimpapers in a market update: “The period under review was characterised by local currency volatility, relatively high Zimbabwe dollar borrowing rates and depressed domestic demand … the quarter witnessed further widening of the gap between the official exchange rate and the parallel market rate that affected the general pricing of goods and services in the economy.”

Clearly, someone at the company needs to start reading their own papers a bit more. We cannot have such misinformed people leading such important institutions.

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Business

UK: Zim health and social care Indaba set for Northampton … – New Zimbabwe.com

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By Staff Reporter


ZIMBABWEAN professionals and businesses in the UK’s growing health and social care sector will have an opportunity to network with other players in the industry and learn new trends when they take part in the Health and Social Care Meet and Greet in Northampton on June 17.

The event organised by WS Marketing and Golden Careers Management Ltd will be held at Holiday Inn Rugby Northampton M1 and hosted by presenter Kevin Ncube.

Diaspora Insurance is one of the event’s key partners and will be showcasing their services on the side-lines of the high profile indaba.

Diaspora Insurance specialises in crafting and distributing insurance and risk management solutions tailored to meet diasporans’ needs.

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In an interview with NewZimbabwe.com, organiser Wilson Mathe said the upcoming Meet and Greet is  aimed at promoting collaboration among health and social care providers in the UK.

“Until all our friends who are in the Health and Social Care Industry in UK get a fair share of the £27 billion plus, we will continue to Meet and Greet and share ideas,” Mathe said.

“Sometimes your break through is just around the corner. That one person at this event may change your entire life. In order to succeed in this industry, you need to associate with the correct people, create new networks, support those in need and deliver whenever possible.

He added: “This is a one of a kind event, aiming at those that may need further support or guidance. Those who are coming, bring your business cards. Bring your company’s marketing material. Be prepared to at least share your journey so far. We create new networking and business opportunities. We will share Healthcare  industry information that may be beneficial to everyone.”

Some of topics which will be discussed during the Meet and Greet event include:

  • CQC and Ofsted Registration process / cash flow projections
  • How to get clients and tenders
  • Immigration and Sponsor license
  • Semi-independent living
  • Complex care
  • What’s in the business of care
  • Women in business
  • Professionalism, boundaries and relationships
  • Business ethics and experience

Headline speakers and resource persons at the Northampton event include Chengetayi Shoko from NHS, managing director of Ultra Healthcare and Ultra Healthjobs Godfrey Mushandu, Pardon Tapfumaneyi of PT Law and Associates, the CEO of Tulia Group Rumbidzai Bvunzawabaya, Gelly Manzira of Valour Healthcare, Simon Chinya of Blur Healthcare Associates, Joyce Kapesa of Joyous Consultancy, as well as the directors of Lime Healthcare.

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Business

Econet bemoans eroded tariffs; injects US$66 mln for network … – New Zimbabwe.com

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By Alois Vinga


ECONET Wireless Zimbabwe Limited (EWZL) has bemoaned the negative impact of inflation eroded tariffs on operating costs amid a move to inject US$66 million for a network modernisation exercise.

Presenting the group’s performance for the year ended February 28, EWZ board chairman, Doctor James Myers said while the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has done a commendable job in aligning tariffs accordingly, the rate at which inflation is moving is eroding the tariffs.

“Tariffs continue to fall behind inflation because of rapid changes in the macro-economic environment, this disparity occurs because tariffs for the sector are determined in the local currency, based on movements in inflation and in the exchange rates.

“This puts significant pressure on operating costs on the backdrop of grid power load shedding challenges.

“The prevailing tariff environment is a threat to the long-term viability of the local telecoms sector and curtails the ability of the sector to invest appropriately to meet customer demand, thereby undermining the quality of service,” he said.

RELATED: Econet to launch digital biometric detection in KYC system to counter cyber security risks

During the period, Myers said the business invested US$66 million as part of its network modernisation program in line with the thrust to support business sustainability, which has been hampered by several years of under investment, due to ongoing macro-economic challenges.

“Group revenue recorded a 20% rise driven by growth in voice and data usage of 19% and 58%, respectively. The Regulator granted the sector three tariff adjustments of 61% each and a fourth adjustment of 50% during the year.

“The tariff adjustments were not adequate to offset the increase in inflation which closed at 230% in January 2023,” he said.

Myers decried the fact that the local currency lost value by more than 85% during the year under review which had a negative impact on overall profitability.

The Group incurred exchange losses of ZWL$77 billion which translated to 23% of revenue against a prior year comparative rate of 6% of revenue.

“The consumption of digital services is expected to continue growing. We have a strong platform to anchor our transition to a fully-fledged digital services provider.

“Exploiting 4G and 5G network enabled opportunities will be key to keep abreast with emerging global trends and improve service delivery,” added Myers.

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Business

Econet bemoans eroded tariffs; injects US$66 mln for network … – New Zimbabwe.com

Spread This News

By Alois Vinga


ECONET Wireless Zimbabwe Limited (EWZL) has bemoaned the negative impact of inflation eroded tariffs on operating costs amid a move to inject US$66 million for a network modernisation exercise.

Presenting the group’s performance for the year ended February 28, EWZ board chairman, Doctor James Myers said while the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has done a commendable job in aligning tariffs accordingly, the rate at which inflation is moving is eroding the tariffs.

“Tariffs continue to fall behind inflation because of rapid changes in the macro-economic environment, this disparity occurs because tariffs for the sector are determined in the local currency, based on movements in inflation and in the exchange rates.

“This puts significant pressure on operating costs on the backdrop of grid power load shedding challenges.

“The prevailing tariff environment is a threat to the long-term viability of the local telecoms sector and curtails the ability of the sector to invest appropriately to meet customer demand, thereby undermining the quality of service,” he said.

RELATED: Econet to launch digital biometric detection in KYC system to counter cyber security risks

During the period, Myers said the business invested US$66 million as part of its network modernisation program in line with the thrust to support business sustainability, which has been hampered by several years of under investment, due to ongoing macro-economic challenges.

“Group revenue recorded a 20% rise driven by growth in voice and data usage of 19% and 58%, respectively. The Regulator granted the sector three tariff adjustments of 61% each and a fourth adjustment of 50% during the year.

“The tariff adjustments were not adequate to offset the increase in inflation which closed at 230% in January 2023,” he said.

Myers decried the fact that the local currency lost value by more than 85% during the year under review which had a negative impact on overall profitability.

The Group incurred exchange losses of ZWL$77 billion which translated to 23% of revenue against a prior year comparative rate of 6% of revenue.

“The consumption of digital services is expected to continue growing. We have a strong platform to anchor our transition to a fully-fledged digital services provider.

“Exploiting 4G and 5G network enabled opportunities will be key to keep abreast with emerging global trends and improve service delivery,” added Myers.

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