BOND NOTES RE­JEC­TION FALSE­HOOD Min­is­ter says ex­porters ea­ger for sur­ro­gate cur­rency

Njab­ulo ‘Tshiki’ Ncube ar­rested for rape of mi­nor

Chronicle (Zimbabwe) - - Front Page - Zva­maida Mur­wira Nqo­bile Tshili

THE Gov­ern­ment has re­ceived over­whelm­ing sup­port from ex­porters who are pri­mar­ily the in­tended ben­e­fi­cia­ries of the planned in­tro­duc­tion of bond notes, a Cabi­net Min­is­ter has said.

Fi­nance and Eco­nomic De­vel­op­ment Min­is­ter Pa­trick Chi­na­masa said it was not true that the mar­ket had re­jected the bond notes but said ex­porters had, in­stead, raised con­cern on the pro­posed five per­cent ex­port in­cen­tive that they felt was too lit­tle.

Min­is­ter Chi­na­masa said this in the Na­tional Assem­bly yes­ter­day while re­spond­ing to ques­tions from back­benchers.

Binga North MP Mr Prince Sibanda (MDC-T) had asked how Gov­ern­ment in­tended to main­tain par­ity of the bond note to the United States dol­lar in a mar­ket he said had lit­er­ally re­jected the sur­ro­gate cur­rency.

“I dis­pute the al­le­ga­tion that the whole mar­ket is re­sist­ing the bond notes. The crit­i­cism we have been get­ting is that those that are go­ing to ben­e­fit are say­ing the five per­cent is too lit­tle, they wanted it raised to 15 per­cent. If you are not ex­port­ing you have noth­ing to worry about. You are just a con­sumer of what these peo­ple (ex­porters) have done for you with­out even work­ing,” said Min­is­ter Chi­na­masa.

He said it was im­por­tant for peo­ple to have con­fi­dence in what the Gov­ern­ment was do­ing, in­clud­ing the in­tro­duc­tion of bond notes.

“It is im­por­tant to treat what­ever we are go­ing to do with con­fi­dence. Do not with­draw it be­cause if you with­draw it, you do it at your peril, you do it at the peril of your fam­ily, at the peril of your busi­ness. That is the truth. It is im­por­tant as a na­tion that we build con­fi­dence in what the Gov­ern­ment is do­ing in­clud­ing the in­tro­duc­tion of bond notes,” said Min­is­ter Chi­na­masa.

Kuwadzana East MP Ad­vo­cate Nel­son Chamisa (MDC-T) wanted to know if Gov­ern­ment was cer­tain that peo­ple would have con­fi­dence in the bond notes.

Said Min­is­ter Chi­na­masa: “Con­fi­dence is built by a mul­ti­ple of fac­tors, which in­clude clar­ity on our poli­cies and (as we) try to avoid in­con­sis­ten­cies in our poli­cies. Those are the is­sues which we should take in build­ing con­fi­dence. The mea­sures that we are tak­ing to im­prove the ease of do­ing busi­ness, all those things go to­wards im­prov­ing con­fi­dence lev­els by our Zim­bab­wean ci­ti­zens,” he said.

Min­is­ter Chi­na­masa said the for­eign ex­change leak­age would be a thing of the past af­ter the cen­tral bank moved away from an over-lib­er­alised for­eign cur­rency regime to a man­aged one.

“All ex­ports are ac­quit­ted through the Re­serve Bank of Zim­babwe, so we know what we have earned from for­eign cur­rency. The RBZ Gov­er­nor has al­ready es­tab­lished a com­mit­tee to do al­lo­ca­tion for that for­eign cur­rency giv­ing pri­or­ity to things like im­por­ta­tion of fuel, im­por­ta­tion of raw ma­te­ri­als and cap­i­tal goods. Con­fi­dence build­ing is the re­spon­si­bil­ity of all of us, what we say is what builds con­fi­dence to ex­ter­nal in­vestors,” he said.

Hat­field MP Dr Tapiwa Mashakada (MDC-T) asked if Zim­babwe would get fresh fund­ing given that it cleared its ar­rears with the In­ter­na­tional Mon­e­tary Fund

Said Min­is­ter Chi­na­masa: “Not yet. As you know, yes we have set­tled with IMF, the rule is that un­der the Paris agree­ment, we must set­tle ar­rears for all the three mul­ti­lat­eral in­sti­tu­tion, that is IMF, World Bank and African De­vel­op­ment Bank. Un­til we do that, it is too early to talk of any pro­grammes to be funded by IMF or any of the three mul­ti­lat­eral agen­cies.

“The WB, AFDB and IMF are not a panacea for our eco­nomic chal­lenges. The re­spon­si­bil­ity is on us, to do the right thing so that we cre­ate an en­vi­ron­ment, which is con­ducive for both do­mes­tic and for­eign in­vest­ment. We have to re­store dis­ci­pline in ev­ery­thing that we do.”

Re­spond­ing to an­other ques­tion, In­for­ma­tion Com­mu­ni­ca­tion and Tech­nol­ogy, Postal and said the wit­ness.

Mr Pullen said the fam­ily would hold a me­mo­rial ser­vice for his son on Satur­day morn­ing at the Our Courier Ser­vices Min­is­ter Supa Mandi­wanzira, said Gov­ern­ment had in­sti­tuted an in­ves­ti­ga­tion into telecom­mu­ni­ca­tion firms to de­ter­mine a num­ber of un­der­hand deal­ings which the State sus­pected were go­ing on.

One of them, he said, was un­der-dec­la­ra­tion of rev­enue ac­cru­ing from calls routed to Zim­babwe, while an­other was the jus­ti­fi­ca­tion of mo­bile ser­vice tar­iffs, price of data and dis­ap­pear­ance of cred­its in mo­bile ser­vice bal­ances.

He said the Postal and Reg­u­la­tory Au­thor­ity of Zim­babwe would carry out a thor­ough in­ves­ti­ga­tion and com­pile a re­port ad­vis­ing Gov­ern­ment on how to deal with some of the mis­chief.

Agri­cul­ture, Mech­a­ni­sa­tion and Ir­ri­ga­tion De­vel­op­ment Deputy Min­is­ter Paddy Zhanda said those who abused farm­ing in­puts would face crim­i­nal pros­e­cu­tion.

Musika­vanhu MP Mr Proper Mut­seyami (MDCT) had asked what Gov­ern­ment was do­ing to curb ram­pant abuse of the in­puts that had seen seed and diesel be­ing sold for a song on the black mar­ket.

“Ev­ery mem­ber who has been given in­puts un­der Com­mand Agri­cul­ture should de­liver pro­duce to the Grain Mar­ket­ing Board and if he or she fails, crim­i­nal charges will be pre­ferred against that per­son,” said Deputy Min­is­ter Zhanda. Lady of Lour­des Ro­man Catholic Church in Park­lands sub­urb be­fore his body is taken for cre­ma­tion at West Acre. — @cyn­thi­amthembo1 FOR­MER High­landers FC striker Njab­ulo “Tshiki” Ncube has been ar­rested for al­legedly rap­ing a 15-year-old girl on mul­ti­ple oc­ca­sions at his house in Bulawayo’s Cow­dray Park sub­urb.

Ncube, the Premier Soc­cer League’s 2013 top goal scorer, is al­leged to have sex­u­ally abused the mi­nor, who can­not be named for eth­i­cal rea­sons, since June this year.

He was ar­rested on Tues­day and is ex­pected to ap­pear in court soon.

Sources said the abuse came to light af­ter the teenager re­ported the sex­ual as­sault to the po­lice lead­ing to Ncube’s ar­rest.

“He has been sleep­ing with the child since June. He is said to have been us­ing pro­tec­tion in all the en­coun­ters,” said the source.

Act­ing Bulawayo po­lice spokesper­son As­sis­tant In­spec­tor Abed­nico Ncube con­firmed the ar­rest say­ing in­ves­ti­ga­tions were un­der­way.

He said Ncube, who was in cus­tody yes­ter­day af­ter­noon, was as­sist­ing po­lice with in­ves­ti­ga­tions.

Ncube, a pro­lific striker in his hey­days, was a soc­cer star fi­nal­ist in 2013, had stints with FC Plat­inum, the now de­funct Rail­stars FC and Mo­tor Ac­tion FC. He also played in neigh­bour­ing Botswana. Asst Insp Ncube de­cried sex­ual abuse of women and chil­dren, say­ing in some in­stances po­lice have chal­lenges in ap­pre­hend­ing sus­pects and coun­selling vic­tims as fam­i­lies tend to hide some cases.

“As po­lice we’re wor­ried that some of these in­ci­dents oc­cur in what should be safe houses. If some­one is at home, they are be­lieved to be safe but some homes are no longer safe,” he said.

“Even po­lice pa­trols can’t pre­vent crimes that oc­cur in­doors. We there­fore call on mem­bers of the pub­lic to be re­spon­si­ble and re­spect each other.”

Asst Insp Ncube urged vic­tims of sex­ual abuse to re­port the mat­ter as soon as pos­si­ble so that they can re­ceive med­i­cal treat­ment to pre­vent con­trac­tion of sex­u­ally trans­mit­ted dis­eases.

Ac­cord­ing to a re­cent Na­tional Aids Coun­cil (Nac) re­port, teenagers be­tween the ages of 11 and 16 are the worst af­fected in sex­ual as­sault cases coun­try­wide.

Nac sta­tis­tics re­veal that 233 women were raped in Bulawayo in the last three months alone.

Nac also ex­pressed con­cern that although the sex­ual cases are high, only 22 per­cent of the vic­tims sought Pre-Ex­po­sure Pro­phy­laxis (PrEP) which pro­tects them from con­tract­ing dis­eases. — @nqot­shili

Min­is­ter Pa­trick Chi­na­masa

Njab­ulo Ncube

The late Aldeny Pullen

The spot where Aldeny Pullen crashed and died

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