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HARARE – Zimbabwe is
hurtling towards total collapse with the country’s public infrastructure fast
collapsing, while a severe cash shortage has drained a population grappling
with the world’s fastest rising prices and that has fed growing anger against President
Robert Mugabe’s government. Zimbabwe has in the past
eight years hopped from crisis to crisis - mainly marked by shortages of
foreign currency, food and fuel and the highest inflation rate in the world -
and at the weekend residents in the capital Harare woke up to find their water
taps had run dry. Since then, residents
have come to a reality that water shortages could be a permanent feature of
their lives. Although some suburbs
have gone for weeks, some even months without water, this is the first time
that the entire capital city has been hit by water shortages because of an
acute shortage of foreign currency to import key treatment chemicals and power
to pump water. “The government has
without doubt lost control,” consultant economist John Robertson said, noting
that although the government had taken over water management from Harare city
council, this had only worsened the situation. “This is a reflection of
the state of Zimbabwe’s economy that it has collapsed. I am not sure they
(government) know what to do next,” said Robertson. Even when the water
finally comes, it is usually rusty and has raised concern among residents who
charge that authorities are not properly purifying the water, which could lead
to a major disease outbreak. The southern African
state is mired in a debilitating economic crisis largely blamed on Mugabe’s
style of governance, which has seen him labelled a dictator by his critics
after forcibly seizing land from whites in 2000 and lately plans to nationalise
foreign-owned companies like mines and banks. The 83-year-old Mugabe is
a combative and ruthless politician who denies dragging the economy into the
abyss but argues that his policies are meant to redress inequality brought
about by a century of colonialism. Although the veteran
leader says Zimbabwe will never collapse, events in the past month have shown
he may have lost control. Thousands of people have
besieged banks, wasting valuable working hours queuing for cash which is in
short supply - thanks to runaway inflation officially at close to 8 000 percent
but which independent analysts say could be anything above 24 000 percent. Inflation, which Mugabe
has labelled Zimbabwe’s number one enemy, has meant basic goods such as a
standard loaf of bread cost more than a million dollars and consumers often
have to carry sacks of cash to go shopping for basic household goods. The Reserve Bank of
Zimbabwe (RBZ) on Wednesday reacted to the cash crisis the only way it has for
the past five years, by printing more and higher denominated bearer cheques,
with the highest cheque worth Z$10 million. Bearer cheques are not
money but promissory notes first introduced by RBZ at the height of cash
shortages in 2003. They function the same as actual money. RBZ chief Gideon Gono
- who insisted the bank was “in full control of the currency situation in the
country” - blames currency shortages on cash barons he says have siphoned off
huge amounts of cash from banks to the lucrative black market to fund fuel
deals and foreign currency trade. But analysts have
dismissed this, finding fault with the government’s economic policies, which
have created a fertile ground for corrupt and illegal business practices by a
minority while the majority suffers. “Some of us have given
up, we don’t know what to do anymore,” a despondent Maria Chikuhwa told
ZimOnline outside a building society she had gone to withdraw money without
success. “I don’t think things will improve soon, maybe they will get worse,”
she said. Indeed things will get
worse! Incessant rains pounding
Zimbabwe and the southern Africa region have washed away crops in many parts of
the country and any hope of a bumper harvest have vanished, which could force
the government to dig deeper for scarce foreign currency to import food. Power cuts continue to
hit residents while potholes widen, making roads death traps for drivers. However, as many worry
about the effects of the economic crisis, political temperature is heating up as
Mugabe seeks re-election for another five-year term, which analysts warn
would seal Zimbabwe’s fate as a pariah. Years of discontent
within the ruling ZANU-PF could lead to an internal rebellion against Mugabe as
some senior officials in his party are rumoured to be plotting to form a splinter
party to challenge his 27-year-old hold on power. “Mugabe is fighting on
several fronts but the biggest loser is Zimbabwe which will be in paralysis
when all has been said and done,” Eldred Masunungure, a political science
lecturer at the University of Zimbabwe said. – ZimOnline
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