“Economic analyst Eric Bloch said Mugabe and his party
had realised that they could not resuscitate the comatose economy, hence the
call for FDI( Foreign Direct Investment),” said a Southern Eye report.
“He (Mugabe) has finally realised that there are no
prospects for economic recovery as the economy is in the low for so many years.
The party has to create policies that will attract FDI. They have to make some
changes in the country’s tax system, indigenisation policies and labour
legislation should be fair for both employer and workers. This will help for
economic recovery,” said Bloch.
The empty ZimAsset begging bowl with not even one single
dollar in it is mocking Mugabe.
Mugabe has aged in the last nine months faster than
anyone can explain. Until July 2013 he still looked "as fit as a
fiddle" as he himself claimed and most 70 year old would have been please
to look the same.
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“Zimbabwe’s financial transactions have declined significantly as the country slides into full deflation on the back of depressed aggregate demand, a recent report by the Reserve Bank of Zimbabwe (RBZ) indicates” reported the Daily News.
“According to the central bank’s weekly economic highlights, in the first week of April, banking transactions processed through the Real Time Gross Settlement (RTGS) system declined from $1 billion to $887,4 million.”
Mugabe and Zanu PF will have to accept that they cannot rig economic recovery the same way the rigged the elections. The only way the country is going to end the economic decline is for the country to restore confidence in the business community that their investments will be safe from illegal seizure as has become the norm. The only way to restore that confidence is be the country holding free and fair elections and restore regime legitimacy.
The longer Mugabe delays in biting the bullet the worse the economic crisis will get. Mugabe and Zanu PF will be held responsible for the deepening economic and the social unrest that may result.
What Mugabe and Zanu PF have to accept is that the regime’s rule is over, the economic decline will continue as long as the regime remains in office and, ultimately, the economy will take down the regime!
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