Zimbabwe

Zim may face rebellion, says MDC's Biti

2014-04-08 14:48
Tendai Biti. (File, AFP)

Tendai Biti. (File, AFP)

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Mugabe's wife Grace completes PhD in 3 months
Mugabe's wife Grace completes PhD in 3 months

Soon after being shoe-horned into the top ranks of Zimbabwe's ruling party, the wife of ageing leader Robert Mugabe has gained a PhD in orphanages, seen as the latest sign that she may be destined for the high office.

Cape Town – Zimbabwe's Movement for Democratic Change (MDC) secretary general Tendai Biti has warned the country could face a rebellion because of failure by ruling leaders to act on the worsening economic situation.

According to the Daily News, Biti said the inability by the country's leadership to come up with solutions to the country's ill-performing economy could "give rise to rebellion, including even by the military".

Reports indicate Zimbabwe's economy shrank 45% in the decade to 2009 due to plummeting farming output and hyperinflation. It bounced back for three years after Zimbabwe dropped its own currency and adopted the dollar, but it has since stagnated as companies have failed to find the cash to grow.

Deep trench of stagnation

Although President Robert Mugabe and his Zanu-PF party, which have ruled since independence from Britain in 1980, speak of plans for sovereign wealth funds and multi-billion-dollar platinum smelters, the realities are on a much smaller scale, a Reuters reportsaid recently.

Mugabe, 90, is hard pressed to find a quick solution to the country's worsening economic situation as companies continue to shut down citing viability problems while offloading thousands onto the country's jobless market.

Biti said the economy was in a "deep trench of stagnation and deflation", a situation which he claimed could last for 30 years as there was absolutely no economic activity on the ground.

He said although many countries such as Argentina had gone through similar episodes in their history, none of them were a fragile state as was the case in Zimbabwe, said the Daily News.

- News24

Read more on:    mdc  |  zanu-pf  |  robert mugabe  |  tendai biti  |  zimbabwe  |  southern africa
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