PRESS STATEMENT FROM THE GOVERNMENT OF ZIMBABWE.

The Reserve Bank of Zimbabwe will with immediate effect start the process towards issuance of Bond Notes as a legal tender in Zimbabwe. The process will commence with media publicity to inform and raise awareness of the public on the denominations, design, form, material and security features which are used in the Bond Notes to be introduced. This is to ensure that the public is not duped by fake Bond Notes that may be circulated into the market by unscrupulous elements in our society. When the Reserve Bank of Zimbabwe…

Read More

THE POLITICIZATION OF THE STATE

To what extent is the hypothesis that in the post-colonial era, state institutions that promote and protect the rights entrenched in the constitution has been sufficiently compromised by the executive branch of the state so as to undermine the integrity of the democratic order promised by independence? There is no doubt that President Mugabe would vehemently dispute any proposition that the separation of powers doctrine has been respected to the letter of the law under his watch. Many have warned South African of the dangers of following the ZANU-PF model…

Read More

Zanu PF plunders state resources

Over the years, the Zanu PF regime has always illegally and unconstitutionally conflated the relationship between Zanu PF as a political party and the State or government. Because Zanu PF is basically a commandist and totalitarian quasi – political and militarised organisation, they have never, ever appreciated that a political party, even if it happens to be the ruling party, is not the same as a government. Put alternatively, the ruling party is not the government and conversely, the government is not the ruling party.In a modern constitutional democracy,these two bodies…

Read More

#PublicOfficeCharter of Zimbabwe

This is what the Constitution of Zimbabwe demands of every public official of Zimbabwe. Every public officer should respect the fundamental rights or freedoms of any person – s48-78 (Bill of Rights). Public power should be exercised in a “lawful, prompt, efficient, reasonable, proportionate, impartial and both substantively and procedurally fair” way – s68(1). Any person whose right, freedom, interest or legitimate expectation has been adversely affected by a public official has the right to be given promptly and in writing the reasons for the conduct. – s68(2). Vice Presidents,…

Read More

How can the tragedy of 2008 be avoided in Zimbabwe?

In Zimbabwe, there has been serious shortages of foreign currency (forex) due to a shrinking and non-productive economy and imprudence in economic management. From February 2009, the US$ notes have been the currency of Zimbabwe officially alongside a number of foreign currencies (South African Rand, Botswana Pula, Chinese Yuan and British Pound). In May 2016, the Governor of the Reserve Bank of Zimbabwe (RBZ) announced that there will be an introduction of a surrogate currency called “Bond Notes” backed by a loan facility of US$200 million from Afreximbank in two…

Read More