Zimbabwean President Emmerson Mnangagwa. Photo: Reuters
\nLangton Chiwocha chose Emmerson Mnangagwa among 23 candidates in Zimbabwe\u2019s presidential elections a year ago. Today he says he deeply regrets his choice.<\/p>\n
\u201cWe had high expectations as many promises were made, but things have turned worse since the elections,\u201d Chiwocha said. \u201cI wish I could take back my vote, or maybe I shouldn\u2019t have bothered to vote at all.\u201d<\/p>\n
Mnangagwa, 76, who took over from long-time autocrat Robert Mugabe, went into the July 30, 2018 elections vowing to revive Zimbabwe\u2019s sickly economy, end cash shortages, mend fences with former western allies and lure foreign investors.<\/p>\n
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\nChiwocha, who holds a business studies diploma from a college in the capital Harare, says his hopes have been cruelly dashed.<\/p>\n
\u201cI graduated in 2012 and I have not had a job. I thought after winning the elections, Mnangagwa would fix the economy and all who had qualifications would get jobs.\u201d<\/p>\n
But within months of Mnangagwa\u2019s election, the ghosts of Zimbabwe\u2019s economic past returned: severe power rationing and shortages of fuel, bread, medicine and other basics.<\/p>\n
In June this year, the annual inflation rate hit a decade-high 175 per cent. Memories revived of the terrifying hyperinflation that reached 500 billion per cent in 2009, wiping out savings and wrecking the economy.<\/p>\n
That episode ended when the US dollar became the national currency, replacing the Zimbabwean dollar, which had been proudly introduced upon independence in 1980.<\/p>\n
But in June, Zimbabwe in theory ended the use of dollars, replacing them with \u201cbond notes\u201d and electronic RTGS dollars, which would combine to become a new Zimbabwe dollar, a currency that has yet to be introduced in paper form.<\/p>\n
Former president Robert Mugabe. Photo: Reuters
\nFormer president Robert Mugabe. Photo: Reuters
\nZimbabweans say it is a nightmare to get common documents such as passports, drivers\u2019 licence discs and vehicle registration plates \u2013 the government is too poor to import the materials to make them.<\/p>\n
Over the past two decades, hundreds of thousands of Zimbabweans have fled abroad seeking work. Many others are now seeking to join the exodus as the economy withers.<\/p>\n
\u201cWe are sitting in a vehicle whose wheels have fallen off,\u201d said Derek Matyszak, a senior researcher at a South African think tank, the Institute of Security Studies. \u201cNothing is moving\u201d.<\/p>\n
\u201cMnangagwa was fully aware that Mugabe had left behind an economic disaster. To get out of it required re-engagement to attract investment from wealthy countries, improved governance and respect for human rights.\u201d<\/p>\n
Two days after the election, at least six people were killed when soldiers opened fire on protesters demanding the results of the ballot be published.<\/p>\n
In January, at least 17 people were shot dead and scores injured as soldiers were ordered to crush nationwide protests triggered by a doubling of fuel prices.<\/p>\n
\u201cThe events of August 1 last year and January this year have set back the re-engagement effort and possibility of a bailout,\u201d Matyszak said.<\/p>\n
Power is usually turned on between 10pm and 5am \u2013 at other times, businesses are at a loss to know whether they will get electricity.<\/p>\n
Mugabe\u2019s exit will make Zimbabwe even closer to China, say Chinese analysts
\n\u201cFactories and industries will not open for the duration of the power cuts,\u201d Matyszak said. \u201cThat\u2019s hours of production lost. It means Zimbabweans are going to sink deeper into the hole.\u201d<\/p>\n
Tony Hawkins, a professor at the University of Zimbabwe\u2019s School of Economics, agreed.<\/p>\n
\u201cIt\u2019s very difficult to be anything other than pessimistic and negative at the moment,\u201d he said. \u201cJobs are being lost and exports are being lost. The fact is you are not going to get the economy back on the rails without some kind of accommodation with the main opposition.<\/p>\n
\u201cWithout that accommodation, chances of getting international recognition and support are slim. They [the government] are caught between a rock and a hard place. It\u2019s a very difficult situation and there is no short-term way out.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Zimbabwean President Emmerson Mnangagwa. Photo: Reuters Langton Chiwocha chose Emmerson Mnangagwa among 23 candidates in Zimbabwe\u2019s presidential elections a year ago. Today he says he deeply regrets his choice. \u201cWe had high expectations as many promises were made, but things have turned worse since the elections,\u201d Chiwocha said. \u201cI wish I could take back my […]<\/p>\n","protected":false},"author":84,"featured_media":8229,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[83,55,31,395,357],"class_list":{"0":"post-11873","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-policy","9":"tag-economy","10":"tag-government","11":"tag-mnangagwa","12":"tag-presidency","13":"tag-university"},"yoast_head":"\n