WHY PRESIDENT MUGABE DID NOT TALK ABOUT BOND NOTES

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Presidential spokesman, George Charamba says President Mugabe did not have to talk about bond notes in his State of the Nation Address.

He said his boss did not want to pre-empt the Minister of Finance and Economic Development’s budget presentation by talking about bond notes.“In his address the President, had to remain transcendental to allow the Minister of Finance to deal with the nuts and bolts of issues to deal with the economy that is why he did not attempt to touch on the issue of bond notes,” Charamba said.

WHY PRESIDENT MUGABE DID NOT TALK ABOUT BOND NOTES
Zimbabwe’s President Robert Mugabe gestures as he addresses a gathering in a speech to mark the National Heroes Day celebrations in the capital Harare, Zimbabwe August 8, 2016. REUTERS/Philimon Bulawayo

“Anyway, it is not his business; this is the Head of State and he is not his own Minister of Finance. So SONA must be read and understood together with the national budget statement of today (yesterday).”

He said there had been so much unnecessary debate over the President’s State of the Nation Address.

“There was a complete inability to digest the document, the President raised the issue of SI 64 of 2016, the President made reference to Command Agriculture. Did people not realise that there is an implied economic strategy in those two points?” said Charamba.

“SI 64 blocks imports, stops us from being a trader country to become a manufacturing country. It is a means to restart our industries thereby creating jobs.“So just unpacking SI 64 takes you the whole way and encompasses every aspect of the economy people did not understand what it means.”

Charamba said Government initiatives in Command Agriculture and the SI 64 of 2016 would help in making a complete overhaul of the country’s industries.

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