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TENDAI BITI Profile picture
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Feb 1 • 3 tweets • 2 min read
There is a serious inflation spike around with prices imploding in the past few days.The RBZ s squeeze on supply &availability of the Zim$ &RTGS is pushing prices to go up in US$ terms.There is total rejection of local currency & distorted de-dollarization is causing inflation
The rejection of the local dollar is universal &the regime itself is the greatest underminer of its own currencyFor instance SI 16 of 22 👇published this week sets new passport fees in US$.Truth is de-dollarization has failed . Truth is Mthuli& #ZANU have failed in absolute terms
The management of the economy will be a central issue in the 2023 election as in the 26 March by election. Contra to #ZANU we will re-dollarise&float the Zim$. Pensions&public wages will be in US$ . Further we will scrap export surrender requirements.We are the hope @CCCZimbabwe

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More from @BitiTendai

TENDAI BITI Profile picture
Mar 10, 2021
In the afternoon I pulled down a tweet made in connection with ProfMaduku’s interpretation of section 96(2) of the constitution.The context of that tweet is explained below. Clearly in my banter with Lovemore , whom I have known for over 20 years & worked with very closely ...
...in the law , in the struggle & in personal spaces I overlooked the huge extent of the fragile national question marginalization alienation and exclusion of certain communities in Zimbabwe.I have lived with this discrimination & exclusion throughout my life. I have recently ..
...seen this isolation & disillusionment on our recent visit to Chilonga. Chipinge is no different. Ironically like Chiredzi it was part of the Gaza State established by Soshangaan &his descendant Ngungunyana With the fall of the Gaza State colonial Rhodesia plundered Gazaland
Read 12 tweets
TENDAI BITI Profile picture
Mar 8, 2021
1)We have spent a few days in the Chiredzi #Chilonga area visiting & listening to compatriots in Chiredzi South&East.We have met with ordinary citizens, community leaders&traditional leadersWe have travelled huge distances to places such as Chikombedzi,Malipati Boli,Gonarezhou
2)We have seen & heard from a tortured, insecure &angry citizen in the Shangani communities so dominant in this part of the Lowveld.This is a community that has suffered displacements twice beforeIn the 60sthey were removed from the Hippo Valley area to make way for sugar estates
3)They were then ejected to pave way for huge eco reserves , Gona Rezhou National Park & Malilangwe Reserve. They subsequently rebuilt their lives in South Eastern Lowveld in areas mulcted by tsetse fly, high temperatures, wild animals, poverty & infrastructure deficits
Read 8 tweets
TENDAI BITI Profile picture
Jun 21, 2020
1) The House that Emmerson built is a ramshackle hotbed of misrule mis governance &repression characterized by four definitioning anchors of failure. Ist is economic misrule & lack of craft competence . Emmerson has taken Zim to depths of economic melt down & poverty unheard of .
2)Thanks to policy missteps the economy has been plunged into a huge recession characterized by hyperinflation, zero productivity & poverty .More than anything else the mismanagement of the exchange rate&runaway FX rates have defined Emmerson s criminal incompetence & nakedness
3) Second is State Capture& corruption .Emmerson & his brood have taken corruption to new lows .Leakages have been created in 8Commanding Heights of Capture viz Fuel,FX Allocations ,Command Agriculture,Minerals , Procurement,Subsidies & RBZ QF activities .Cartels now run economy
Read 5 tweets
TENDAI BITI Profile picture
May 2, 2020
1.The reported deployment of Zim troops in Mozambique represents further reproduction of illegalities&I’ll thought actions by the regime . Assuming there is an urgent military situation in #CaboDelgado surely the region collectively must act.A meeting of @SADC_News must be held
2.The #SADC Organ on Defense &Security should surely have met.This kind of unilateralism which we saw during the #DRC civil is foolish &costly &against basic tenets of international law Wars are protracted &costly.The involvement of the region was precondition to any involvement
3.Further any involvement should only have been part of a #SADC Mission&nothing else. Parliament should be notified& constitution should be followed But Zim is in #COVID war & can’t even afford basic PCR Tests .This move is total madness .Zim can’t afford unilateralism nor a war
Read 4 tweets
TENDAI BITI Profile picture
Jan 10, 2020
1) The power situation can be resolved immediately by any decent caring & competent gvt . As a matter of urgency the regime should scrap the fuel subsidy to #Sakunda & #Trafigura & use that to guarantee importation of at least 400 MW of energy .
2) Secondly @ZetdcOfficial must levy & collect charges in US$ to guarantee permanent imports .If this is done it’s only fair & logical that energy consumers must also levy their labor ,services & goods in US$. Thirdly there must a be a scientific &systematic push to green energy
3)Fourth there must be resolution of the country sovereign debt crises to enable access to cheap funds held particularly at the World Bank & African Development Bank . Development Finance key & necessary to fund major infrastructure energy projects.
Read 7 tweets
TENDAI BITI Profile picture
May 31, 2019
1 )The wheels have come off.Massive prices hikes mean that inflation will jump to 500% this month.The parallel exchange rate will hit 1:9 in the next few days. There is a shortage of everything particularly fuel , drugs &electricity . Emmerson has taken us back to the Stone Age
2) Having spend a few days quizzing Emmerson s lot in Parliament it’s quite clear that the country is doomed . The whole bunch are cruel clueless quislings.When a goat is found on the 20 th Floor of a building, the question is not how to get it down but how it got there ?
3) One can’t boast of RTGS $ surplus based on cash accounting in a first quarter marked by deep poverty & disequilibrium. In any event one does not destroy real value and wake screaming of a surplus in valueless money . It’s voodoo economics
Read 5 tweets

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