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Opposition Member of Parliament, Zivai Mhetu (CCC), has demanded that Finance Minister Mthuli Ncube explain the reasons behind the closure of branches by several formal retail chains across the country, and what measures are being taken to address this issue.
Speaking during a recent Parliamentary session, the Epworth North MP warned that the closure of retail outlets’ branches is detrimental to the country’s economy. He said (via <a href="https://www.newzimbabwe.com/parliament-demands-answers-over-closure-of-retail-outlets-amid-zwg-fluctuation/">NewZimbabwe.com</a>):
<blockquote>
Our economy is becoming increasingly hostile for businesses and we could soon witness an exodus of companies if this trend continues.
This is evidenced by the closure of Unilever, and Truworths and recent reports that Choppies, a leading supermarket chain based in Botswana is considering pulling out of Zimbabwe.
Choppies’ experience is worrisome because it is doing well in other SADC countries. It is only in Zimbabwe that it is facing operational challenges. It is a clear indication of our business environment that is problematic.
</blockquote>
Last month, Choppies announced it was considering withdrawing from Zimbabwe due to challenges faced by its local subsidiary, which have adversely affected the group’s financial performance.
These challenges are largely attributed to the instability of the Zimbabwe Gold (ZiG) currency, which was introduced in April to replace the Zimbabwe dollar as the official domestic currency.
Mhetu further argued that the closure of formal retailers will exacerbate the unemployment rate in the country. He said:
<blockquote>
Closure of big companies triggers unemployment, something we cannot afford as our unemployment rate is already incredibly high.
Only 46.3% of Zimbabweans of working age are employed according to statistics released by ZIMSTAT earlier this year.
Without urgent efforts to address currency instability and inflation. More businesses are likely to follow the Choppies route.
It is imperative that Zimbabwe stabilises its currency and creates an environment where businesses can thrive. The National Development Strategy 1, speaks on creating 760 000 formal jobs by 2025.
</blockquote>
The local currency has undergone six name changes but has yet to achieve stability, confidence, trust, or sustainability due to inflation fueled by excessive money creation by the Government.
Its previous iterations include the original currency post-independence, that is, the Zimbabwe dollar, then later bearers’ cheques, traveller’s cheques, bond notes, RTGS dollars, and now ZiG.
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

Pindula News

Opposition MP Zivai Mhetu wants to know why many stores are closing in Zimbabwe. He is worried these closures will hurt the country's economy. Choppies, a big supermarket, might leave Zimbabwe because of problems with the local currency. This could lead to more people losing their jobs. Mhetu thinks the government needs to fix the currency and create a better environment for businesses. The Zimbabwean currency has changed many times but still faces problems like inflation. It's important to stabilize the currency to help businesses and create more jobs for people.

Parliament Seeks Answers On The Closure Of Formal Retail Outlets

Citizens Coalition for Change’s (CCC) parliamentary candidate for Epworth North, Zivai Mhetu, has advised opposition supporters not to hesitate in accepting ZANU PF’s goods, such as maize meal and fast food, as their taxes already fund them.
Speaking at a constituency rally in Epworth’s Overspill Shopping Centre, Mhetu emphasised that supporters should not resist the ruling party’s offers but should instead express their dissatisfaction by voting against them on August 23. Mhetu said:
<blockquote>
You are the ones who told me not to worry about Passion Java who organised people in this constituency and promised them mastondido. You told me not to worry about Kembo Mohadi’s visit saying you knew he was just trying to confuse you,” said Mhetu.
Mohadi organised people and gave them mealie meal. Take that mealie meal whenever it is handed out, that is ours, we paid for that its not theirs to give.
Wherever there is a meeting where people are given Chicken Inn, do not resist go and take it, that is our money, you will be spending your money.
Remember you are not fools, you are clever, just punish them on August 23, vote them out and ensure a brighter future for your children.
</blockquote>
The comments were made in light of reports that ZANU PF officials are coercing villagers to attend party rallies. CCC President Nelson Chamisa has advocated for a strategy in which opposition supporters engage in self-protective measures, including attending ZANU PF rallies, especially in politically volatile areas. These rallies often involve the distribution of gifts after President Emmerson Mnangagwa’s speeches, such as loaves of bread with Mnangagwa’s face imprinted on the packaging, as seen in Cowdray Park, Bulawayo.
<h3><a href="https://www.pindula.co.zw/">More Pindula News</a></h3>

CCC Advises Supporters To Accept ZANU PF's Goods Says They Were Funded By Taxes

MDC-T President <a href="https://www.pindula.co.zw/Douglas_Mwonzora">Douglas Mwonzora</a> has dismissed claims that the party carried out a dubious nomination process ahead of the upcoming congress.  
Speaking during a press conference held at the party headquarters after the party secretary for programs and business Norest Marara raised alarm about the nomination, Mwonzora said the process was done in a transparent manner.
Marara declared his interest to run for the party’s top position challenging the incumbent Douglas Mwonzora.
However, Mwonzora claimed no one contested his position.
Marara insists that due process was not followed and therefore approached the court.
Speaking during the press conference Mwonzora said his party was leading by example as far as internal democracy is concerned. <a href="https://openparly.com/mdc-t-congress-the-nomination-process-was-transparent-says-mwonzora/">Open Parly</a> quotes him as saying:
<blockquote>
We have done our nominations in a transparent and robust way.
The MDC is an example of a thriving internal democracy, every position was up for grabs and everybody who wanted any position was free to contest it.
And people did canvas support for the position that they wanted.
Congress is preceded by the nomination process and the nomination process is preceded by setting of the rules governing the internal processes.
Before Congress, we develop rules for the elections these rules are developed by the elections directorate and then presented by the National Council.
</blockquote>
Mwonzora said he was glad that Marara took the matter to the High Court where it was dismissed as being not urgent. He said:
<blockquote>
We are very happy that Mr Marara took his case to court where people who are not us presided over it.
</blockquote>
He added that no one was stopped from contesting the elections saying he was clear that his position was up for grabs and, “I am the only opposition leader who dares to do that.”
Marara is one of the MDC-T candidates who lost in the 26 March by-elections. He is said to have openly told the executive in one meeting that the party performed dismally because Mwonzora was not sellable to the people.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Mwonzora Dismisses Claims That MDC-T's Nomination Process Was Unprocedural

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