No country can develop without its own currency, President
Mnangagwa said yesterday while defending the economic policies adopted by
Government to revive the economy and slamming those who were using the reform
process to profiteer.
The President was speaking at the Second Zanu-PF National
Youth League Assembly Meeting at the party’s headquarters in Harare.
Giving a brief economic overview, he urged the youths to
embrace the journey to Vision 2030, stressing that success could only come
through hard work.
“The course we have taken as a Party and Government to
resuscitate and reform our economy is the correct one, never doubt that,” he
said.
“We must strengthen our resolve to correct wrong decisions
we made with regards to our economy. No country can succeed, grow or modernise
without its own currency. The issue of a basket of currencies we introduced
towards the end of 2009, the culprits were me and (Patrick) Chinamasa and a few
others. It worked for the purposes it was created but now under the Second
Republic we want to move forward and be a sovereign State with its own
currency.”
He said Government re-introduced the Zimbabwe dollar in
June as part of wider efforts to grow the economy after its collapse, largely
due to the illegal sanctions.
“So we are in
transition. It can never be an event but a process. I am happy that process is
stabilising and we continue to be focused on the goals we have set for
ourselves to have our economy back on its feet and that all the fundamentals
required to support our currency are put in place to achieve our desired goal
of having the Zimbabwe we want,” President Mnangagwa said.
He urged the youths to take part in efforts to revive and
grow the economy towards the attainment of Vision 2030 which envisages a middle
income society by then.
The President also slammed the continued hiking of prices
of basic commodities.
“Government is very aware of the economic saboteurs who are
wantonly increasing prices of basic commodities and services despite our
efforts of dissuading them from such evil deeds.
“This is bent on creating despondency and mayhem within the
party and country. We cannot allow this indiscipline that has brought untold
suffering on our masses to continue unabated,” President Mnangagwa said.
Zanu-PF youths during a meeting with President Mnangagwa in
Harare yesterday.—(Picture by Innocent Makawa)
He said the Government had adopted various initiatives to
safeguard the public such as the establishment of Silo Shops but warned those
bent on profiteering.
“Some service stations have to date been closed for unfair
business practices. The same fate can also befall those unrepentant business
people with profiteering tendencies,” he said.
The President urged the Youth League to actively take part
in Government’s economic programmes.
“The quest to turn around our economy needs everyone’s
commitment, especially the youth. The future belongs to you,” he said.
“I urge you the youth to believe in Vision 2030 and run
with it. Success and prosperity under the Second Republic will only come
through hard honest work.
“I, thus, urge the youths to be alive to present realities
and identify the various empowerment and employment opportunities that exist as
we journey towards the attainment of Vision 2030.
“It is incumbent upon you as the Youth League to take an
active part in agriculture, mining, tourism, manufacturing and SMEs sectors.”
Meanwhile, the President also called on the Youth League be
vigilant and defend the party amid indications that remnants of the G40 cabal
were still active within the party’s rank and file.
“I encourage you all
to continue to work hard for the good of the party and our country and to
remain vigilant and guard against the whims and caprices of the enemies of our
people and country.
“We still have elements of the G40 participating among us
as wolves in sheep clothing. These must be flushed out, not only within the
Youth League, but also within the rank and file of the party in general.
“You are the eyes and ears of the party. You should guard
against infiltrations of the Party. This is your party, your future. Protect
it, be loyal and serve it whole heartedly,” President Mnangagwa said.
He urged the League not to be enticed by detractors who use
money to pursue their political ambitions.
The President said the party continued to grow in the
Second Republic. “This was demonstrated by the recent resounding victories
during the by-elections at both constituency and ward levels,” he said. Herald
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