Staff Reporter
President Mnangagwa has warned that the net was closing in on all economic saboteurs who were causing inflationary pressure in the country and conspiring to weaken the local currency.
Speaking during a meeting of the Political Dialogue Actors (POLAD) in Harare yesterday, President Mnangagwa said that the economy was under attack from saboteurs and accused the business community of being accomplices in manipulating the local currency.
“We have established that some members of the business community were involved in fuelling the parallel market thereby destabilising our local currency. Our economy has been under attack from unscrupulous and nefarious individuals and syndicates bent on sabotaging our way of life,” said the President.
President Mnangagwa added that these economic saboteurs had caused the suffering of many Zimbabweans who have been affected by price increases of basic commodities.
“The onslaught has created hardships for our citizens due to inflationary pressures caused by speculation on our local currency,” added the President.
President Mnangagwa further said that the current economic challenges were mainly sponsored by a third hand whose objective was to interfere and derail the country’s national development strategy.
The President urged the business community not to be collaborators in destroying the country’s economy but be partners in developing the nation.
Last month, the Reserve Bank of Zimbabwe (RBZ) ordered some financial institutions to close shop after investigations unearthed that they were unscrupulously dealing in foreign currency.
Some of the financial institutions that were suspended from operating included InnBucks, Access Forex, MetBank and Rolink Finance, as the Government tried to bring order into the economy.
