President Mnangagwa has assured the nation that Government
will — without fail — address the various economic challenges being faced by
the generality of the people.
He said this while addressing mourners gathered at the
National Heroes Acre yesterday for the burial of Cde Mishack Ntundu Velaphi,
who died on April 29 at 82.
He also called on businesses to operate ethically, saying
it was everyone’s responsibility to rebuild the economy.
“Yes, we are currently facing various economic challenges
in our country such as foreign currency and fuel shortages,” he said.
“However, I assure the nation that my administration will
resolve these issues without fail. Meanwhile, our businesspeople at every level
must be ethical in their conduct. The rebuilding of our economy is everyone’s
responsibility. We owe this to cadres such as the late Cde Velaphi and many
unsung heroes who fought for our liberation. We owe this to future
generations.”
He called on the current generation of Zimbabweans to play
their role in the struggle for economic prosperity.
“We must as the generation of today, play our own role in
the struggle of today; that of economic prosperity, modernisation and
industrialisation for the betterment of the lives of all our peoples.
“Our land and all our natural resources must be fully
utilised and exploited for the accelerated equitable development of our country
and benefit all citizens,” President Mnangagwa said.
“As we move forward on the path towards growth and
prosperity, our country needs men and women like the late national hero we lay
to rest today.
“Like many living and departed heroes, who made the
ultimate sacrifices to liberate the country, let us as a people and as a nation
pledge ourselves to put the interests of our beloved country above our own
personal interests.”
Businesses have been wantonly raising prices of basic
commodities based on the movement of the exchange rate on the black market.
Consumers are struggling to keep pace with the wave of frequent, and in
instances, unjustified price hikes, as the majority of employers have not
increased salaries.
Government has responded by strengthening its policies and
resource support through the Transitional Stabilisation Programme (TSP) to
stabilise prices and cushion workers from businesses bent on profiteering.
President Mnangagwa has also established a 26-member
Presidential Advisory Council (PAC) to advise and assist him in formulating key
economic policies and strategies that advance Vision 2030. Vision 2030 entails
making Zimbabwe an upper middle-income country with gross national income (GNI)
per capita of between $3,896 and $12,055, according to the World Bank’s
technical calculations, implying high standards of living for citizens.
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