Mthuli’s head must roll chorus getting louder
Finance Minister, Mthuli Ncube must go
OPPOSITION political parties have demanded that Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya resign, accusing them of crafting anti-poor policies that are worsening the plight of the majority in the country.
Economists yesterday took a dig on government’s 200% interest rate hike on bank loans, saying the development would worsen the plight of ordinary citizens and give rise to loan sharks and backyard lending schemes.
Zimbabweans, especially civil servants, have been relying on personal loans for their upkeep following erosion of their salaries by inflation, which is currently at 191,7%, the highest in years while the local currency has weakened to $720 against the greenback on the black market.
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