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Bullish South Africa dominates medals podium at Troutbeck 2023

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Branton Matondo

A chipper South African side proved too good at this year’s edition of Bonaqua African Triathlon Cup at Troutbeck resort as host Zimbabwe failed to appear on the medals podium in all three age groups.
The much anticipated Bonaqua African Triathlon Cup which took place this past Saturday at Troutbeck resort in Nyanga was yet another South African showdown while Zimbabwe botched any medal.
South Africa, which has been a triathlon masterpiece for the past years, took charge of the junior men, women and elite women groups.
South African Olympic regular Shanae Williams who scooped Gold in the elite women group said the race was tough but credited the biking section for her victory.
“Honestly it was one of the toughest courses that I have done so far. I was really happy that I came out first. Barbra and I managed to work together in the bike section and we managed to break together. I also managed to create some distance in the run and won. Barbra and I have been training together for the past months so it has been really nice to race together and just push together,” said Williams.
Williams who came second in last year’s edition of Bonaqua African Triathlon Cup admitted that Troutbeck course is very hard to work with.
“It’s a really hard course but l am really happy to take the win especially coming from another tournament in New Zealand. The course is really tough and it freely tests you. I am going to get into a solid training block in the coming weeks. I am doing super league next week in London which I’m really excited about and then after that I’m going to train more for WTCS in Yokohama,” added Williams.
Best placed Zimbabwean Anje Van As who participated in the junior women race said the race wasn’t her best.
“I was hoping to be in top five but I’m happy that I finished the race. My race wasn’t the best that I’ve had because I was struggling on the run but I guess we have to move forward and work towards improving everything. Considering how good my competitors are, I’m quite happy with the result. The run was mentally challenging, you just have to dig deep and go a place that you never thought you would go mentally. Mentally I was actually struggling but I realized that I was representing my country so I had to finish,” said As.
Nicole Madya and Inkosinomusa Mthethwa had to pull out of the event.
Winners from the elite group are James Edgar (Gold/Ireland), Dylan Nortje (Silver /South Africa), Jorge Alarcon Familiar (Bronze /Mexico). Elite women winners were Shanae Williams (Gold /South Africa), Barbara De Koning (Silver /Netherands) Romana Gajdosova (Bronze /Slovakia). In the junior men section, winners were Shaun Wolfaardt (Gold /South Africa), Nathan Foster (Silver /South Africa), Kyle Erskine (Bronze /South Africa). From the junior women groups Kadence Ribbink (South Africa) got gold, Lome Gouws (South Africa) took silver while Mia Van Der Veen (South Africa) settled for bronze.

Inconsistent Central Bank Policymaking is Driving Forex Market Instability

By Zvikomborero Sibanda

Policy inconsistency is one of the major factors affecting Zimbabwe’s economic performance since the attainment of independence in 1980. From the monetary front, policy consistency is key to building the resilience of the financial system and the public’s confidence in the banking sector.
This requires the monetary authority, the Reserve Bank of Zimbabwe (RBZ), to adhere to its prior commitments or abide by its policy pronouncements. Lack thereof results in an economy making financial decisions that are ultimately based on speculation.
For the RBZ, inconsistencies have become more pronounced post-full dollarization period (2009-2018). In 2019, the government embarked on currency reforms which led to the reintroduction of the Zimbabwe dollar (ZWL).
Starting in February 2019, RBZ dumped the fixed exchange rate regime and introduced the RTGS dollar comprised of electronic balances, bond notes, and coins. On the first day of official trading, the RTGS dollar was going for RTGS/USD 2.5. However, by June 2019, the RTGS dollar had lost about 62% of its value, trading at RTGS/USD 6.6. In alternative markets, the local unit had lost about 61% from an average of RTGS/USD 3.3 to RTGS/USD 8.5.
The massive RTGS dollar deterioration led the finance minister, Prof. Mthuli Ncube, to introduce a full-fledged local currency overnight. This was done through the promulgation of statutory instrument 142 of 2019 (SI 2019-142) which made the ZWL (formerly RTGS dollar) the sole legal tender for all transactions in Zimbabwe.
Since no meaningful economic reforms were implemented to support the de-dollarization of the economy, authorities resorted to the use of force. According to the RBZ, this strategy was working as financial dollarization began to decline.
In 2020, the Bank confirmed that de-dollarization was on track emphasizing that it could take about five (5) years to fully de-dollarize the economy. The RBZ statistics revealed that the proportion of foreign currency (forex) deposits to the total money supply declined to 37% in 2019 while forex loans to total banking sector loans and advances fell to 22%.
Buoyed by the foregoing metrics, the Bank announced that the country was on the right trajectory to de-dollarization. But a few months later, forced de-dollarization began to backfire.
Between June 2019 and February 2020, the local unit shed 63% of its value against the US dollar in the official markets from ZWL/USD 6.6 to ZWL/USD 17.95. In the parallel market, ZWL shaved 78% of its value from an average of ZWL/USD 8.5 to ZWL/USD 38.
In March 2020, the Bank switched back to a fixed exchange rate regime, fixing at ZWL/USD 25, and also allowed the use of US dollars as legal tender under the guise of fighting the COVID-19 pandemic.
While the official rate was fixed for three (3) months, the ZWL lost about 53% of its value in the alternative markets. With businesses indexing ZWL prices to parallel rates to reduce exchange losses, price inflation wreaked havoc.
In June 2020, the Bank introduced another exchange rate management mechanism -the Dutch Forex Auction System. This system coupled with sustainable ZWL liquidity growth and fiscal discipline by the Treasury had managed to clamp parallel market exchange rate deterioration thereby reducing inflationary pressures. However, after six (6) months the Bank’s quasi-fiscal operations (QFOs) regained momentum and started to destabilize exchange markets.
Fast forward to 2022, ZWL deterioration and price inflation remained highly elevated. Between January 2022 and May 2022, ZWL lost about 56% of its value against the US dollar in alternative markets from ZWL/USD 220 to 500. This forced the government to announce vast measures to boost confidence and macroeconomic stability.
These measures included the entrenchment of a multicurrency regime into law and tax increases on electronic USD transactions and USD cash withdrawals to stabilize and increase the use of local currency. In all these policy maneuvers, authorities maintained that Zimbabwe was undergoing de-dollarization reform.
However, barely two (2) years after the February 2020 monetary policy statement by the Bank and the May 2022 measures by the government, the economy has rapidly re-dollarized. For instance, the 2023 monetary policy statement disclosed that about 64% of total banking sector deposits in 2022 were made up of forex accounts (FCAs).
Also, ZimStat’s classification of individual consumption according to the purpose (COICOP) survey undertaken in 2022 established that about 78% of transactions were conducted in forex. In addition, the Confederation of Zimbabwe Industries (CZI) surveys indicated that about 60% of local companies’ forex was generated from domestic forex sales in 2022. All these metrics show that Zimbabwe is gravitating toward full dollarization.
Many sectors of the economy such as fuel, petroleum products, and housing are now exclusively dealing in forex. Private sector companies are charging exorbitant ZWL prices benchmarked at parallel market exchange rates and awarding discounts to USD sales as strategies to encourage USD transactions. Government ministries, departments, and agencies (MDAs) are also gradually dollarizing their services while Treasury is embracing more USD taxes.
As all economic agents are busy chasing the stable USD, it is the local currency that disproportionately suffers as it gets dumped into the market. This explains why the ZWL exchange rate continues to plunge against the USD.
Last year, the local unit shaved about 84.1% of its value against the USD in the official interbank market from ZWL/USD 108.67 in December 2021 to close December 2022 at ZWL/USD 684.33. Since the start of 2023 to date, the local unit has lost about 25% of its value against the USD in official markets. The unending ZWL decline will continue fuelling the dollarization of the economy.
Cognizant of the foregoing, authorities have now modified their official position. Recently, the central bank through its Governor indicated that it is happy with partial dollarization – a mix of USDs and ZWLs (We will evaluate partial dollarization on another day).
The Bank’s support for partial rather than full dollarization is informed by the costs associated with the latter such as loss of ability to print money (seigniorage revenues) to support and manage general economic activity.
Nevertheless, it remains to be seen if the Bank will be able to avoid full dollarization (financial and transactional) at a time it envisages the use of US dollars as part of legal tender for the rest of the National Development Strategy (NDS) period.
History shows that de-dollarization only occurs when authorities implement prudent market-driven policies and reforms. Recently, the Treasury announced a reform agenda -economic, governance, and land tenure reforms. It is currently engaging its creditors and development partners to reach a consensus on an arrears clearance framework and debt resolution – a welcome development.
If strictly implemented, these reforms will play a crucial role in reopening blocked concessional external credit lines and overseas development assistance, mesmerizing foreign investors, thwarting structural rigidities which are subduing market competition and innovation, boosting local production and productivity as well as increasing market confidence in the ZWL. This is key if Zimbabwe is to successfully de-dollarize its economy.
While authorities have displayed varying de-dollarization positions since the promulgation of SI 142 of 2019 which shows inconsistent policy-making, rapid re-dollarization being experienced in the economy was inevitable.
This was due to perpetual ZWL fragility and incessant ZWL price growth largely emanating from the prevailing fragile political environment, embrace of command economics, corruption, impunity, fiscal indiscipline, poor exchange rate management, weak oversight institutions, illicit financial flows, and poor social protection.
As such, there is a need for increased political will to rebuke the status quo and implement necessary reforms to redress the aforementioned challenges.

Zvikomborero Sibanda is an economic analyst and an astute researcher. He writes in his personal capacity. He can be contacted via email:

bravosibanda@gmail.com
Twitter: @bravon96

Fish industry workers incapacitated-FFAWUZ

Fredrick Moyo

Fish industry workers are incapacitated as they are facing a number of difficulties among them non-payment of wages, low wages and also high inflation just like any other Zimbabwean, a workers union has said.
The Federation of Food and Allied Workers Union of Zimbabwe (FFAWUZ) General Secretary and The Zimbabwe Congress of Trade Unions (ZCTU) First Deputy Secretary General Runesu Dzimiri made the remark in Iceland where he presented on issues affecting workers in Seafood industry under the theme: Claiming workers’ Rights: Fighting for Sustainable Fisheries and Aquaculture.
Speaking at the event Dzimiri said fish industry workers are suffering to make ends meet as they are affected by poor protective clothing; low wages compared way below the Poverty Datum Line (PDL), inflation and also casualization of labour.
“Workers in the industry, just like any other Zimbabwean are suffering from high inflation (230percent by January 2023); low wages compared to the Poverty Datum Line; casualization of labour, job insecurity, victimisation for blog to a political party of their choice, lack of maternity leave and benefits; sexual harassment; lack of proper and adequate sanitary facilities and protective clothing; lack of training on Occupational Safety and Health (OSHE),” said Dzimiri.
He also added that workers are also going for several months without receiving their monthly salaries.
“Another major challenge facing workers is the non-payment of wages. Some workers go for several months without being paid,” added Dzimiri.
The fish industry in Zimbabwe falls under the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development.
The Fisheries department is mandated to carry out research on sustainable fresh water tilapia fish species production, nutrition, health, and conservation of indigenous species.
According to official statistics, Zimbabwe’s fish output averages 18,400 tonnes every year, yet demand is estimated at 60,000 tonnes yearly and the biggest fish processing company in Zimbabwe is Lake Harvest in which FFAWUZ have got 150 members (45 men, 95 women) at Lake harvest processing department.

Maburutse promises development in Chivi South

TellZim reporter

Newly-elected Zanu PF Chivi South candidate for the 2023 harmonized elections has promised to stir development in the seemingly lagging behind constituency in event he is elected to represent it in the elections set for a yet to be announced date.
Felix Maburutse who defeated incumbent Munyaradzi Zizhou in the party primaries held on March 26, 2023 (who have served for barely six months since taking over the reins from dismissed Killer Zivhu in March 26 by-election) said should the people of Chivi South entrust him with the task of leading them, would work hard to ensure various areas which need to be developed get the necessary attention.
“There are quite a number of developmental issues that need attention in the constituency for examples area like Chasiyatende which is not easily accessible due to a poor road network and no communication network at all. We also have schools which do not have electricity where we have since started modalities to ensure Rural Electrification Agency (REA) and fortunately we got a favourable response from the company. We also drilled a borehole in Chasiyatende at Chiramba dip tank to help villagers from travelling long distances with water.
“Clean water supplies have been a major challenge for most schools in the constituency. Schools like Dimbiti and Magwari had no water but we have since addressed the challenge by drilling boreholes during our party primary election campaigns. Ngundu Business Centre had also gone for five years without water supply as Zimbabwe National Water Authority (ZINWA) failed to replace the broken down pump of which we did. I bought a 22KVW pump which is proving powerful to the already corroded pipes as evidenced by bursts which are being reported in the area.
“Also, in terms of electricity provision to Ngundu residents, we made efforts and electricity is now available in the residential stands. We approached Zimbabwe Electricity Supply Authority (ZESA) to provide a transformer and that saw electricity being connected,” said Maburutse.
He also said plans were in store to approach the relevant authorities to ensure the communities benefit from Tugwi-Mukosi dam since the master plan is already finalised.
“We know of the Tugwi-Mukosi master plan that was approved by government, what is left for us is to approach the relevant authorities to see how best local people can draw benefits. Even the issue of fishing permits, a lot of local people benefitted nothing and I was chatting to Chief Gororo sometime who expressed concern saying the local people do not even know how fish from dam tastes. So those issues are to be taken to the relevant authorities and have them resolved.
“I promise to make sure I become a different crop of a legislator unlike those who promise people things when in actual fact they do not even know where to or who to approach in case of assistance being needed,” he added.
Maburutse also highlighted his plans to come up with ward development committees to preside over development issues as a way of ensuring every area gets representation.
“We are also going to make use of ward development committees who always sit and come up with ways on how to develop their wards working with local councillors. These committees would ensure that development is at the forefront of individual interests,” added Maburutse.

Local authorities essential to sustainable tourism-ZTA

Perpetua Murungweni

Local authorities have been said to be important to sustainable tourism and should not be left out in working towards achieving a sustainable Tourism Zimbabwe.
Speaking during ZTA provincial workshop held at Chevron Hotel on March 30, Masvingo Great Zimbabwe Publicity Association Chairperson Dr Phanos Matura urged all tourism stakeholders to work hand in hand with local authorities and engage local communities in working towards achieving a sustainable Tourism Zimbabwe.
“In order to achieve a sustainable Tourism Zimbabwe by the year 2030, I urge you all that there is need to work hand in hand with local authorities and there is also need to support one another by buying from the local markets and employing workers from the local communities.
“Engaging local authorities is very important as it helps in preserving our cultures and heritage, by engaging with the local authorities tourists will have better knowledge of the norms, values and language of the area they are visiting, this will help them to enjoy their tours,” said Dr Matura.
Nyaradzai Maduro of National Museum and Monuments of Zimbabwe (NMMZ) added that as a stakeholder in tourism, they work with local authorities by allowing full participation of local communities at Great Zimbabwe monuments.
“NMMZ promotes and empowers local authorities by ensuring full participation of local communities at Great Zimbabwe monuments. Local communities are given a chance to participate in traditional dances, showcase and sell their African traditional products such as poultry and sculptures,” said Maduro.
Tsitsi Munetsi of ZTA who presented on sustainable Tourism indicators also encouraged the stakeholders to negotiate with local communities saying there is need to respect them in order to get their support.
“Community support is a major sustainable tourism indicator that shows the growth and achievement of a sustainable Tourism Zimbabwe. I urge you all stakeholders here to respect local communities, culturally interact with them and respect what they believe in order to get their support,” said Munetsi.
Sustainable Tourism was defined as sustainable practices in and by the tourism industry. It is tourism that takes full account of its current and future economic, social and environmental impacts, addressing the needs of visitors, the industry, the environment and host communities.

Masvingo City Council records 308 blockages in one month

TellZim Reporter

MASVINGO – City Council recorded a total of 308 sewer blockages in one month and found 95 wheel barrows of grit in the grit channels.
This was revealed in the council minutes of Public Works and Planning Committee meeting dated March 9, 2023.
The minutes also reported that council removed 128 bins of waste, a development which reveals that residents were mostly to blame in terms of sewer blockages.
“It was reported that a total of 308 blockages had been recorded and attended to during the month of February 2023, whilst 95 wheelbarrows of grit had been removed from the grit channels and one hundred and twenty eight bins of waste were removed from the grit screens,” read the minutes.
It was also reported that the Raw Pump Station was not operational due to some breakdown but the requisitions for the purchase of the replacements were already done.
“It was reported that the pump station was not operational due to breakdown of the installed electrical components for the 160 KW star Delta Controller. It was noted that the stoppage of the pump from operation was made to protect electric motor from damage due to faulty contractor and overloads.
“It was reported that requisition for purchase of required spares for the Star Delta Control controller for pump number 2 had been done,” added the minutes.
The minutes further revealed that Rujeko Pump Station was operational.

Junior High School Scoops Megafest diamond award

Brighton Chiseva

MASVINGO – Barely two years after opening doors to its pioneer classes, Junior High School is already a household name in the province and abroad.

The school scooped a Diamond award for being an outstanding private school in Masvingo at the recently held Megafest Awards on March 31.

The Megafest Awards, which are done annually, are meant to recognize outstanding organizations and individuals in the societies in different categories.

School head Shirley Makausi said she was happy for the recognition which is a clear testimony that they were a force to reckon.

She said the award will push them to do more as good deeds are always rewarded saying the recognition was a result of spirited efforts by the school management, teachers and pupils to bring the best results in whatever they do as a school.

“As a school, we are very happy and excited. It is very nice to be recognized and appreciated. This award will definitely propel us to move forward with confidence and strive towards greater heights,” said Makausi.

Her sentiments were supported by the School Director Noah Marima of the Junior brand which owns Junior Driving School, Junior Security Services among others, who said the recognition was a milestone in the history of the school.

He said being a new entry into the industry; the recognition was well appreciated considering that they were competing with others who have been in the trade for years.

“We are here to make history, the award is a good achievement on our part. We opened recently and there are a number of other schools which were established well before us, so scooping an award ahead of others means we are a force to reckon, it gives us the push we need to strive for more and we are not stopping there since the sky is the limit,” said Marima.

Junior High School opened doors in 2022 for its first classes with its Primary School opening in January 2023.

The school is located in the verdant suburb of Rhodene, along Harare – Masvingo Highway close to the scenic and bald mountain range of Mangwandi.

The school offers Cambridge curriculum among other unique aspects with a special niche in sciences and has a team of experienced teachers.

It has a good teacher pupil ratio allowing teachers to deal with every leaner and has beautiful double storey classroom block and well-furnished classes as well as neat sporting facilities.

The school offers both boarding and day school facilities and has top of the range school bus and other vehicles and boast of its meals that are prepared with utmost perfection by experienced chefs and dieticians.

CCC Gweru ready for candidates nomination

Tinaani Nyabereka

GWERU-Citizens Coalition for Change (CCC) has confirmed its readiness to nominate its candidates who will represent the party in the upcoming harmonized elections today (5 April 2023).

CCC Gweru District Senior official (who preferred anonymity) confirmed the development to TellZim News during a telephone interview.

“We are ready for the nominations which will take place in all the various wards in Gweru. All has been set and we believe people nominate their preferred leadership,” he said.

CCC president Nelson Chamisa last week said his party was abandoning the old primary election candidate selection process for a citizens’ anchored consensus.

“The selection process is called citizenocratic. It is a brand new candidate selection process; it’s fresh. It is novel and it’s modern and places the citizen at the centre of the process. Citizenocracy is government by the citizens. It’s a citizenocratic selection process.

“Citizens want candidates to be selected on merit, integrity, dignity, suitability and accountability. Citizens prefer representatives who are visible, accessible and available.

“These are leaders who regularly report back to constituencies and communities to get instructions and progress on policies and national priorities,” said Chamisa.

CCC National deputy Chairperson Sesel Zvidzai said the process was a milestone towards selecting leaders whom citizens believe will table solutions for the good of the nation.

Continued Hillside illegal mining activities raise concern

TellZim Reporter

Concerns have been raised at Masvingo City Council over continued illegal mining activities taking place on the hills adjacent to Hillside suburb with fears that continuous environmental degradation can lead to serious consequences on part of residents.
The hills are where the city’s water storage tanks are situated.
Speaking during a full council meeting held on March 27 at the Civic Centre councillor Alec Tabe called upon the local authority to devise ways to ensure safety is guaranteed for the residents and their properties adjacent to the hills.
“What mitigatory measures have council especially the Public Works Committee put in place concerning the threats posed to residents and properties as well as council water storage tanks by the continued illegal mining activities by artisanal miners?
“We have witnessed enormous destruction resulting from such illegal activities with the recent example being of that primary school in Kwekwe (Phoenix) which succumbed to illegal mining,” said Tabe.
Public Works Committee chairperson Sengerayi Manyanga said it would be proper for council led by the Town Clerk (Engineer Edward Mukaratirwa) and Mayor Collen Maboke to engage stakeholders like the Zimbabwe Republic Police (ZRP) to address the issue.
“I think the matter needs to be deliberated on in the public works committee but we would also ask the TC and Mayor to help us in form of even writing an official letter to the police to help stop the activities since we passed a resolution against such activities.
“The ZRP maybe the rightful authority to help us address the issue by arresting the culprits as that may also be helpful. If there is need for us to invite the ZRP as part of engagement efforts and ask them to work alongside our municipal police, then we can go that way. Some of these activities may be done during the night,” said Manyanga.

Mwenezi Council chair suffers humiliating defeat in Zanu PF primaries

…as delimitation costs sitting councillors

Cephas Shava

Mwenezi-Mwenezi Rural District Council Chairperson Jorum Ncube who after being councillor for 20 years, suffered a humiliating defeat in the recently held Zanu Pf primary elections.
Ncube, who first became councillor in 2000 only took a break for a single term and had been Mwenezi RDC chairperson twice, serving for two terms in that capacity.
Ncube, one of the local authority’s longest serving councillors, whose ward 6 was merged with ward 4 to make a combined ward 4 following the recent delimitation got 640 votes while his rival, incumbent ward 4 councillor Passmore Madzudzu garnered 1238 votes.
Altered ward 1 saw the defeat of incumbent Collen Musariwa to Neshuro-based businessman Maxwell Muzvidziwa.
The merging of ward 2 and ward 3 to make ward 3 saw the defeat of incumbent ward 2 councillor Zephania Zhou by current ward 3 councillor Samuel Mabhena.
Ward 18 which houses the populous Rutenga growth point and is the only ward in the entire district which is under an opposition councillor will see Zanu Pf being represented by Tawanda Muza after he defeated his rivals.
In ward 7 and 14 Killion Murabharari and Admire Matutu respectively returned the right to represent their party in the coming harmonized elections.
Former Mwenezi East’s long time losing parliamentarian aspirant, Marvelous Chifumuro won the right to represent Zanu Pf as councillor in the newly gazetted ward 6.
Other Zanu PF councillors who have lost tickets for re-election include ward 13’s Takura Mudavose, Gilbert Gondo of ward 9, ward 5’s Tinashe Yingi, ward 15’s Samuel Kwinika, ward 17’s Simon Chabata and ward 11’s Gorden Magogo.