Vice President Constantino Chiwenga has threatened businesses that he said were enganging in financial terrorism with unspecified action.
Speaking at the business conference at the 60th edition of the Zimbabwe international Trade Fair (ZITF) in Bulawayo today, VP Chiwenga said government would “react appropriately” and fight fire with fire.
He accused some corporates of engaging in underground black market activities.
“Parallel market continues to overshadow the economy because there are people feeding it. The spate of price hikes can’t be explained by objective push factors but are driven by parallel market distortions,” he said in reference to price increases that have pushed most commodities out of reach of a majority of Zimbabweans.
“What kind of an economy is that, we have all been to the same school, let’s behave in a way that will build the country. We keep facing forex shortage, as government we are keen to deal with these but we also want your contributions and effort,” said the retired soldier.
He said most countries have less forex than Zimbabwe but they don’t face the myriad of problems the country was facing due to purported foreign currency shortages.
“We will have to take stern measures because we can’t carry on like this as a country. I’m issuing a stern warning to those engaged in activities that undermine the economic growth of the country,” he said.
Government’s threat to businesses has never worked in the country and the situation often deteriorates further after threats, disadvantaging citizens further.
VP Chiwenga has a track record for being heavy handed and extreme in his approach to problems bedevilling the country.
Last year, he fired the entire establishment of nurses and doctors in the country that were on strike due to unfulfilled government promises and shortage of basic necessities for use in hospitals.
The health delivery system went down on its knees and the government eventually re-engaged the fired workers.