Jeremy Cronin has gone out of his way to use his standing in the movement to help facilitate the counter revolution, writes Thami Ntenteni.
Zimbabwe’s finance minister responded to the country’s worsening economic crisis last week by blacking out inflation statistics for the next six months, boosting the price of the little power that’s available five-fold and admitting what the International Monetary Fund told him in April: the economy will contact for the first time since 2008.
Zimbabwean businesses have started to reduce prices of services and commodities following threats issued by President Emmerson Mnangagwa that the government would be taking measures to enforce price reductions.
Zimbabwe will defer publication of year-on-year inflation until February next year due to the change in the currency regime, Finance Minister Mthuli Ncube told Parliament on Thursday.
The decision by the Zimbabwean government to abolish the use of foreign currency for local transactions is welcome, but could have been implemented better, say analysts and various sectors of the business community.
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