Wednesday, 1 June 2016


Vice President Emmerson Mnangagwa has blamed Finance minister Patrick Chinamasa and Reserve Bank governor John Mangudya for failing to improve cash distribution to banks.

This comes as depositors have struggled to access money from banks while daily withdrawals have been limited to as low as $200.

“These guys (Chinamasa and Mangudya ) are too theoretical in the way they operate. Their usual excuses are monotonous,” Mnangagwa said at the official opening of the new Masvingo High Court on Tuesday.

“If you go to Chinamasa, he will tell I do not have money and if you ask Mangudya he will tell you the economy is about to take off. I have confronted the two over these issues. If you are in such a position you have to justify why you are there. The two guys must immediately resolve the crisis. We expect them to deal with the chaos.”

Mnangagwa denied that the Mugabe government has failed in economic stewardship, saying he would ensure the situation is addressed amid long bank queues in the city.

“So you cannot say the government has failed the people of Zimbabwe. Of course we are experiencing economic challenges but as I earlier said, we will make sure that those responsible deliver the results,” Mnangagwa added. daily news


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