Zimbabweans Are Their Worst Enemy

The past weekend has witnessed the Harare rumor mill in overdrive. This drove the masses to panic and go on a panic buying spree.

Zimbabweans Queing For Bread

Some business fundi’s claim this was a result of the statement that was issued by the newly appointed Minister of Finance to the effect that all business transaction conducted electronically would attract a 2 cent per dollar change as way of broadening the tax base due to the fact that most people in Zimbabwe are now unemployed and conduct business on the informal market which largely remains unregistered and therefore very little tax goes to the fiscus.

Writing about the Witwatersrand panics,Charles van Onselen suggested that they typically played out within periods marked by recession and political uncertainty and industrial action.

With a reported 80% unemployment rate and a thriving black market ,little wonder then there is this “feeding frenzy” as echoes of the debilitating food shortages are still fresh in peoples minds.The surrogate bond note which is supposed to be at 1 to 1 with the USA dollar has been in free fall since the 2018 elections.

I went to one major supermarket in the suburb where I live and was pleasantly surprised to see most of the basic supplies in abundance ,whilst waiting in the queue to pass I noticed that sugar which had been sold out was being unloaded and people were free to get as many as they wanted.

Which begs the question ,who is fooling who.As for me I  am not going to run with the herd.I will keep my own counsel and buy what I NEED when I want and not be sucked into this wild goose chase.I refuse to be a pawn in the black marketeers sick game.i will survive a few days without sugar or cooking oil which are the most sort after items.