09-12-18 by Spotlight Zimbabwe

New Zimbabwe Finance Minister WARNED

New Kid On The Block: Zimbabwe Finance Minister Mthuli Ncube


Exiled former cabinet minister Professor Jonathan Moyo has advised new Minister of Finance, Professor Mthuli Ncube to join the ruling Zanu-PF party in order to get political clout. He also advised him not to announce his plans until they have been approved by President Emmerson Mnangagwa and Zanu-PF. Writing on Twitter, Moyo said,

Prof Jonathan Moyo


 1/5 Since @MthuliNcube is finance minister as an outsider, it may please him to note these key tidbits about ZanuPF & its govt:
First, don’t announce any major initiative, like phasing out bondnotes, before it’s been approved by the president, politburo & cabinet, in that order!
2/5 Just like the sun will rise tomorrow, and given murphy’s law, rest assured that your ZanuPF detractors will use Barbican Bank, AfDB & dual citizenship residue against you. The question is not whether they will, but when & how they will do it. You are forewarned; be forearmed!
3/5 A minister of finance is not a technocrat but a politician. You will need political clout that comes from being a ZanuPF member, an MP and, crucially, a central committee & politburo member. If you are not these things, it’s a disaster & if you are, your technocratic CV dies!
4/5 You must remember that while the late Morgan Tsvangirai, and before him the late VP Joseph Msika, saw you as a prospective RBZ Governor given your banking history, you are minister of finance in charge of fiscal & not monetary policy. Stick to your job & let others do theirs!
5/5 The Ministry of Finance does not have the high-end skills necessary for an economic ministry in a country with Zimbabwe’s intractable socioeconomic problems; compounded by political malaise. There’s no craft-competence from the permanent secretary, down to the shop floor!
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