Tuesday, 10th October 2006
Howzit
AND please don't forget to have a look at the new book on sale here....
The by-elections in the ZANU-PF bastions of Mashonaland East and Mashonaland Central provinces coincided with celebrations marking the seventh anniversary of the opposition Movement for Democratic Change (MDC), and were widely seen as an acid test of the opposition's ability to penetrate government-held strongholds."
As usual, with any election held in Zimbabwe, there are always questions over the exact number of correctly registered voters, and then further questions over the figures given in the results - they never seem to co-relate...
Like if there are 10 000 people registered as voters, then ZANU PF wins by over that figure...
"The election was not free and fair. I refuse to concede defeat, because there are so many irregularities I have observed."
I'm not so sure I understand this story...
"Zimbabwe's central bank on Monday ordered the immediate closure of all money transfer agencies, citing poor performance and "defiant behaviour".
"With immediate effect, all money transfer agencies are cancelled," Reserve Bank governor Gideon Gono said in a statement.
Institutions whose money transfer licences were cancelled included Standard Chartered, Banfords and Stanbic Bank.
"All local accounts for these entities should be closed forthwith. This withdrawal has been occasioned by non-performance and defiant behaviour by most players in this sector."
With my limited understanding of the fiscal sector, I still think that this is rather like cutting off their nose to spite their face. Slowly we see Zimbabwe putting up the shutters and closing out the world at large. Just how do people outside the country get money to their families inside the country? So now Gono is dictating to people outside the country! And he's only the Reserve Bank Governor! This tells us something about the power the powers that be believe they hold. Dillusions of grandeur I fear...-o00o-
Let's stay with Gono and his military-style bank leadership..."Zimbabwe's central bank governor today raised the country's main lending rate by 200% points to 500% in a drive against skyrocketing inflation and a severe economic crisis.
Central bank governor Gideon Gono also said Zimbabwe's major financial houses - commercial and merchant banks, building societies and discount houses - had met a Sept. 30 deadline giving them nearly a year to raise their capitalisation to $10 million.
"In fine-tuning the monetary policy, with inflation reduction as the over-riding objective of the central bank, it has become necessary that additional resources be implemented for us so as to stabilise the economy in the medium term," Gono said in a statement. "With immediate effect, the central bank has raised the accommodation rate from 300% to 500% for secured lending and from 350% to 600% for unsecured lending," he added."
So his "zero to hero" attempt to save the economy has been a disaster. Lopping three zeroes off the currency and doing a currency switch (which saw many honest people lose life-long savings) was just a stalling tactic... There never was going to be an honest, transparent attempt to save the economy. That would mean a toal removal of the Mugabe regime.
And they have set up their stall with little intention to move anytime soon.
Wilson Nyabonda, president of the Zimbabwe Commercial Farmers Union (ZCFU), said the new breed of farmers were not utilising their land productively for the benefit of the country. Instead the land they acquired during the land "reform" programme was now derelict.
Nyabonda told new farmers in Odzi, near Mutare at a farmers' fundraising dinner at Odzi Country Club, that he was very disappointed by the failure of the majority of new farmers to properly utilise the farms they got after the unceremonious and often violent eviction of white commercial farmers by government supporters.
"After touring farms here in Odzi, I got very disappointed because there is no production," Nyabonda said. "Our people are not doing anything at the farms. Something must be done because we can not allow things to continue like this."
Before attending the dinner held last week, Nyabonda, also vice-chairman of Tanaka Power, a major producer of agricultural equipment in Zimbabwe, toured several farms in the Odzi area, a bastion of commercial farming activity before the farm evictions in 2000."
And the people that used to work the land - the white commercial farmers and their work forces - are either out of work, struggling to survive or have left the country...
It has been a baptism of fire for the MDC - these last 7 years have seen intimidation, violence, threats and death - yet they keep on going. I can do nothing but admire their tenacity - lesser mortals would have packed it up a long time ago, "...some political observers suggested that the main opposition party has ground to make up before it will have recovered the position it attained in 2000, when it came close to claiming control of parliament in the general elections held that year.
The rival MDC faction of Arthur Mutambara would seem to have even more ground to cover. Mutambara has been drumming up support around the country, but does not appear to have established a grass roots following on the scale Tsvangirai has."
-o00o-
Take care.
'debvhu



"Silent Night"




Union Jack (1963 - 64, 1998 - ??)
































2 Comments:
Oh dear - my thoughts and prayers are with you both. Wish I was nearer then I could offer practical help.
7:25 AM
Thanks for your kind words. Somehow B and I will get through this and then we will be taking on the system... In the meantime we really do appreciate your thoughts and prayers.
Rgds
'debvhu
7:34 AM
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