Wednesday, 19 February 2014

one day's events costs a million bucks


If one person's wedding can costs a lot of money, what more the presidents's daughter wedding. so much is done in preparation of one's big day. Parents from both sides do all that it takes just to make that one day a day to remember. Its not very surprising to see an empty cash box of the one who is tying the note. if any ordinary go to such extremes what would the royal family do in preparation of their only daughters' wedding. the question is a bit obvious. its inevitable for the first family, they have to do all it takes.

Besides the rumour of prostrate cancer, the President Robert Mugabe is busy preparing for his ONLY daughter's wedding. am sure every father would the same for their daughters right?. how lucky Bona is to have a father who has the capability to pump just one million to upgrade nothing else but just a  road. When other people's weddings may cost a million all in all, she is having just that one million spent on the road... to their own house. Maybe l must be specify saying the road to  her father's house.

Bona, 24, is expected to tie the knot with pilot Simba Chikore at Mugabe’s mansion in Borrowdale on 1 March, this year.The wedding will be attended by over 5 000 guests, among them several African leaders and top government officials from the region and elsewhere. as if that was not enough, the Harare city officials had been ordered to spruce up roads linking Zimbabwe’s state house to Mugabe’s private home. l can only imagine.

They areliving large when the whole country is languishing in poverty. Most of the roads in the country are now dangerous for driving at night. Most lives of those travelling at night are in danger. Most of the families in the country live on a dollar per day and most of them enjoy two meals per day instead of 5 meals per day.

It seems that those in power concentrate on their own gains than those who empowered them. When the same council is failing to repair roads  which have craters, see it more worthy while to spend a large amount of money on just reparing a small part of the roads were asked to work overtime reparing other roads and cleaning the city, will they work that hard?

Very surprisingly, the  city’s mayor Bernard Manyenyeni  indicated he was not aware of the upgrading of roads. What exactly does this reflect of our own President? yes he is the President but does that mean that he can do all the he wants and when he wants to??
Zimbabwean President Robert Mugabe. (File, AP)

Monday, 17 February 2014

can zimbabwe be immunised against corruption

  corruption can be overcomed and the Zimbabwe we want is possible.


If we are to minimise corruption in Zimbabwe, we need to be strict on petty corruption and have very punitive measures so that we nip it in the bud. We will need to make fraud or theft not worth it and institute very stiff penalties while publicising it. When people know the high penalties they must pay, they will not be attracted to corruption. The costs or consequences to individuals involved in corruption and fraud must be much more than the benefits and the punishment must be applied consistently without fear or favour. Unfortunately our current politicians cannot lead this process.

Corruption is a mind-set; it is a value system that is exacerbated by sheer greed and lack of accountability. There are various levels of corruption from petty corruption, which is very easy to get used to and accept; to the high level corruption which is mainly hidden and misunderstood by many and in most cases, never exposed.

In order to deal with the high level corruption, we will need an independent institution that deals with it. The Zimbabwe we want will have an economic intelligence and anti-corruption unit made up of professionals whose role is to investigate any suspected or reported corruption cases properly. This entity must be independent and operate outside all state institutions and especially not linked to the police. Supporting this must be an anti-corruption commission that is independent and made up of objective people who are beyond reproach and have no fear. This commission must be above politics.

In the Zimbabwe we want, a crack force on corruption will sit in the President’s office. The individuals involved must be well paid and incentivised to avoid bribes and cover ups. We cannot have people who are not well remunerated dealing with corruption as is the case now. It must be a highly rewarding job to attract professional people who deliver quality work and put national interests first.

Even those officials and board members who are over paid must be investigated and see if every one in that organisation  are getting fair salaries. of course some people are highly paid  due to to their positions they hold. but it might raise eye brows when one person is getting more than expected and the  companies are not doing so well.

Dealing with corruption benefits the country and makes it attractive for foreign investments. In a society where there is accountability corruption decreases and the rate of development improves, there is no doubt about that.

We believe that ethical and principled leadership is critical in effectively dealing with corruption. We need honest and competent leadership at all levels of public and private sector enterprises and institutions. In the Zimbabwe we want, the media will play the leading role in exposing corruption; this will also act as a deterrent.Boards of directors are the gate keepers and we will expect a high level of professionalism. These boards must also be accountable in the case of corruption cases so that everyone is liable for allowing corruption under their watch

It is evident to us that lack of competence contributes significantly to corruption. In government we must ensure that people are trained and skilled to do the jobs that they get paid for. We will also expect good governance especially the strengthening of the boards of directors in state enterprises. Our boards must be very competent to control management and they must act as a barrier to corruption.
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Our external auditors must also have direct access to the anti-corruption commission where fraud has been suspected to avoid directors not acting on corruption.

Our efforts will be to inculcate new value systems especially within state institutions. We must ensure that the recruitment of employees is done professionally, that performance reviews are done regularly and that people must do their work as expected. Government employees can spread corruption through their daily habits. They also must be remunerated fairly to avoid temptation.

Our tax authorities must be professional, informed and effective in doing their work. Our police must be well paid and looked after so that they are effective in their job. Working for the police must be made attractive and it must be satisfying and respected profession. The Zimbabwe we want will have well trained professional police that is apolitical and serves Zimbabwe first. Their activities must however be continually monitored.

It takes two to tango, reducing corruption requires that we reduce the opportunity space for corruption in all spheres of life.The Zimbabwe we want cannot emerge if the abuse of national resources that we are seeing now continues. Where justice is selectively applied and politicians can get away with corruption. The government has the responsibility to effectively manage the resources of the country.

Lastly we will need a professional legal fraternity where objectivity and professionalism are paramount. Typically they regulate themselves through a peer review system and this needs to be encouraged and strengthened.
We must anticipate a totally new paradigm in the future, a paradigm that says that the people of the Zimbabwe come first and everyone is accountable.
 but  the main question is: CAN ANYONE BE HONEST ENOUGH TO AVOID CORRUPTION??

the rand remains unstable

despite the increase in the mining production to 12 percent year on year in December after a revised 5,2 percent (5,1 percent) y/y increase in November‚ data released by Statistics SA, the rand remained weaker across the board at midday yesterday, despite relatively good local mining production figures for December. Short-term panic may have receded in the emerging markets, but the underlying problems with the current account deficits remain. Sentiment is also fragile; emerging markets could easily run again on a fresh bout of negative news.

 At 11.55am, yesterday, the rand was at R11,0758 to the dollar from Wednesday’s close of R10,9962.Against the euro, the rand was at R15,1496 from its previous close of R14,9352 and was at R18,4407 against the pound from R18,2542 overnight.

 we are trying to improve the out puts from our industries but the economy is not improving. for example, mining production rose 4 percent in volume terms in 2013 compared with a 3,2 percent decline in 2012.this shows that there is an improvement in both the machinery and the skills are improving too.

however the ever changing  exchange rate of the rand is affecting the lives of many Zimbabweans. l empathise with all the cross boarder traders who get their income in Rands and when they have them in their hands they would think that they have a lot of money. trouble rise when they switch to the US dollar....only a little money is left in their pockets.

they will have to pay bills and buy groceries. many of these people will  decide to buy their food stuffs in South Africa despite the fairly food prices in the country. again some people in the country still remain poor as they live on one dollar which is usually equivalent to 10 rands or less due to the fluctuating exchange rates.

 at the same time, the rain seasons sometimes bring relief to many house holds. with more rain, comes more food for every one.  there will be more options of bringing food at the table but when it is now the dry season. life is hard for every one.all will be wishing  for some stability in the currency they  use.











Monday, 10 February 2014

We have to do things differently this year

portia chinyahara


  hoping that the year started on a good footing and that what lies ahead for all us in the year will make us better individuals, with better companies and an end result of a  better nation.This may seem impossible due to the situation on the ground of cash challenges, and  companies are closing evryday, unemployment and unjustifiably high prices for goods and services that confront the nation today but don’t they say a rough sea makes a great captain.
Certainly in crisis lies opportunity. The fact that we have started the year on a rather challenging note does not preclude better prospects in the year. But realistically, the work is cut out for us and we just have to make it happen.
It is a fact that the times are tough for the majority of Zimbabweans. It is yet another fact that many were struggling to pay school fees or to buy uniforms in preparation for the new term.
It has also been substantiated  that despite the cancellation of outstanding domestic water bills and a portion of electricity bills last year, a benevolent gesture by  the Government by the way, the figures reflecting non-payment since then are rising because to many, the money just is not there.
It’s true that farmers are converting truckloads of tomatoes into manure as demand is low at the marketplace. It is not further from the truth that families can hardly afford three meals in a day.

The success or otherwise of any programme is judged purely on results and the generality of Zimbabweans critically need tangible positive results that will become manifest in the various facets of their lives, from the government they elected into offices.
People are generally more concerned about mere bread and butter issues almost literally. Greater impetus should thus be put by all stakeholders in addressing these fundamental needs. The solutions to all these challenges reside within us.
We have the resources, the capability and certainly the motivation to get things going.
We have diamonds, gold, platinum, fertile soil and skills and a whole list of resources that can transform this economy into a powerhouse.
More accountability is expected this year as we premise economic transformation more on local resources than foreign help. Every dollar earned from these resources needs to be accounted for if we are to effectively transform the economy.
This year was the first full year for Zim Asset implementation hence we must make significant progress.
The four pillars on which the programme is anchored have the potential to address the bulk of the many challenges that afflict the economy today.
The policy must be understood by the population in terms of language and orientation. This will entail the buy-in that will fuel its implementation and hence success.
We need to have the right mindset, understanding, belief and drive to take the economy out of the present quagmire.
We need to align our priorities to our goals as Government and broadly as a country to ensure we attain that which we must.

AIR ZIMABAWE NEEDS AN INJECTION OF ABOUT US$50 MILLION

PORTIA CHINYAHARA

AIR-ZIMBABWE
AIR Zimbabwe needs cash injection of  about US$50 million which would prevent the  national airline from collapsing.
 The national carrier, whose senior managers were implicated in serious corruption in an insurance scam, is operating on an “unsustainable shoe-string budget” and urgently requires a dose of fresh capital.

Some of the immediate financial requirements by Air Zimbabwe include US$10 million to US$12 million for route expansion, US$5 million for fuel support, US$3 million for interconnection systems, between US$4 million and US$5 million for revamping information technology systems.
on top of this, they need an additional US$8 million to refurbish its planes and money to pay outstanding wages.
 While the airline is in urgent need of working capital, the only viable capital raising plan at its disposal is the US$50 million it intends to raise through Aero Bills in April.
According to a schedule gleaned by The Herald Business, Air Zimbabwe intends to issue the aero bills on April 21 this year, provided it obtains all regulatory support from relevant authorities.

 there was need for a temporary bailout to keep airline in the skies.
This will help the company maintain its current routes to remain operating.The situation is bad and the budget the airline is operating with is unsustainable.
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Air Zimbabwe, once one of the most vibrant and safest airlines in Africa has, over the past few years, been facing operational challenges due to mismanagement and corruption.
The national airline is sitting on debt of over US$200 million that is owed to various creditors and it has depended on Government bailouts now and again in recent years.

Air Zimbabwe planes were grounded in April 2011 after the Civil Aviation Authority of Zimbabwe reportedly indicated that the planes had passed their design service time limit of 20 years and were increasingly becoming expensive to run. The authority further noted that the aeroplanes were a danger to passengers.
Air Zimbabwe resumed domestic flights a few month later after securing a US$8,5 million bailout from Government. Recently, a local audit company alleged the airline could have been prejudiced of €5 895 695,49 and US$1 298 827,88 — totalling around US$10 million — in a four-year aviation insurance scam involving top management.
Airzim company secretary Mrs Grace Pfumbidzayi is at the centre of the alleged scam, having authorised fraudulent payments to Navistar Insurance Brokers.

This is because for a period of about two months, Air Zimbabwe aircraft took to the skies without any insurance putting passengers at risk of receiving no compensation in the event of problems.

MORE ATTENTION NEEDS TO BE GIVEN TO THE COLD STORAGE COMPANY (CSC)

Portia Chinyahara 

10 february 2014

espite the use of mult-currency and rumours of more foreign notes to be introduced in Zimbabwe, investors want to bail out Cold Storage Company (CSC). this is because they feel that the company is solvent and cannot continue to operate in the different areas of the country.

 Deputy Agriculture minister Paddington Zhanda told Parliament last week that discussions with some investors had started to operationalise the CSC depots in Masvingo, Kadoma, Marondera and Chinhoyi. Currently, the CSC only has one functional branch – Bulawayo.many factors haveled to this development.
“The Cold Storage Company was not given money for it to function properly. So, we are looking into the issue so that the Cold Storage Company gets some funding. We are even looking to outside donors who are interested so that it will start functioning,” Zhanda said.

however the cold storage has not been functioning well since the 2008-9 economic break down that the country faced. the CSC was affected by black markets that were taking over most of the businesses. the companies bought its inputs from farmers at very low prices and the farmers would prefer selling  their live stock to illegal markets.since then the company has never got up to its feet as the economy itself was improving slowly. the  money allocated to the CSC was not enough to get it operating again. and maybe the only company functioning properly in Bulawayo is  because its located in the region where livestock  especially cattle do well and the prices are fair too.

Minister Zhanda was responding to questions raised by members in the House of Assembly on what measures the ministry had introduced tostop farmers at CSC branches who were owed money by the company and had started to take some assets from the companies in order to  recover their money.
 This is happening in Kadoma, so the minister is going to hold two meetings with the board of the Cold Storage Company, debating on what can be done
however there is need for the main branch in Bulawayo to work with other branches all over the country in order to improve on the operations as well as covering most of the company's debts.
 The government at teh same time has to give more money to such companies and try to fight corruption that has led most industries to close down.