On the 30th of September, Nelson Chamisa issued a statement on his plans for the economy.
The economic ‘stability’ is fragile stability and is not going to last! The 2 giant elephants in the room are exchange rate disparities between the formal rate & black markets which are far apart by 100% (the black market rate is 2x the official rate) and corruption.
The exchange rate disparities and the punitive export retention negatively affect exporters – the goose which lays the golden eggs.This has created arbitrage opportunities and unofficial forex trading which will worsen the disparities, total collapse of the auction system.
Our New Government will institute a market-sensitive, people- centered & development-oriented sound economic policies which are predictable,consistent, investor friendly & business boosting thus fostering an enabling business environment which guarantees return on investments.
We will have a rapid accelerated transformation and a boom in the economy that would make Zimbabwe shine great & more importantly create gainful employment opportunities for all the people,raising the standard of living for the hardworking Zimbabwean people.