Tuesday, January 26, 2021

Zimbabwe: Unmasking the Myth of Corruption

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What form does it take in the army? Mugabe was right! Sanctions were never to ensure compliance with human rights. Sanctions were and will always be a tool used by Western countries to threaten little countries that threaten Western interests.

In the case of Zimbabwe, the land reform programme and the indigenisation policy were an affront to Western interests. The West turned its back on Zimbabwe and used sanctions as a stick to beat us. Zimbabwe decided to look East to survive the sanctions.

Are the sanctions working? Yes, to impoverish the average Zimbabwean who is not connected to those who run state institutions and have access to the gravy train. Let us be honest.

Let’s tell it like it is. If we do a lifestyle audit of those who are on the targeted sanctions list. And do another audit on the companies and another on the Zimbabwean banks on the sanctions list, you will find that the people who man these institutions are the richest, most comfortable Zimbabweans who can fly business class to South Africa, China, India and Singapore and get state-of-the-art medical treatment when they get sick.

In their minds, there is no shame to it. They did not put Zimbabwe on sanctions. Why should they suffer? Instead of resting peacefully in the sun in Kutama,

Zvimba, Mugabe passed away peacefully in a top-class hospital in Singapore.

RBZ and sanctions busting

Massive printing of money by the Reserve Bank of Zimbabwe drove the economy into hyperinflation between 2007 and 2008.

The imposition of economic sanctions on Zimbabwe created a new environment that made it impossible for the country to trade normally with companies in other countries.

Any company that buys or sells or trades with Zimbabwean companies or individuals on the sanctions list is targeted and blacklisted by America,Britain and the European Union.

It is no secret that most international financial transactions transit through the American financial system. So, the Zimbabwe government devised methods tofly under the radar and find friendly countries willing to risk being blacklisted; willing to supply medical equipment, for example.

The Reserve Bank of Zimbabwe (RBZ) was literally handed a creative licence to find ways of keeping the country going.

The RBZ formed briefcase companies to finance off-book transactions to keep government programmes funded clandestinely: diamonds, gold, ivory, Zimbabwe Revenue Authority, Zimbabwe National Roads Administration.

All income-generating institutions were captured and all income was directed to RBZ operations. Initially, all this was well-meaning and innocent. It was aboutsurvival.

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