
JOHANNESBURG – Zimbabwe has grappled with cash shortages since April 2016, largely due to externalisation and the hoarding of money. Reports suggest that roughly US$3 billion was externalised to Mauritius, the Far East and Botswana between the period of 2015 to 2017.
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“Zimbabwe has grappled with cash shortages since April 2016, largely due to externalisation and the hoarding of money. Reports suggest that roughly US$3 billion was externalised to Mauritius, the Far East and Botswana between the period of 2015 to 2017,” Spotlight reported.
Only $3 billion!!!In one of his more reckless moments Mugabe admitted two years ago that Zimbabwe was being “swindled” of $15 billion in diamond revenue. No one to date has ever been arrested and not one dollar recovered. We also know that the swindling has continued unchecked because then Minister of Finance told parliament a year ago that he was still receiving 1/6 of the revenue he expected from diamonds.
We also know that the $15 billion Mugabe was talking about was from one swindler, Joice Mujuru. Spotlight Zimbabwe showed evidence of her diamond trading to that amount. Of course, Mai Mujuru was not the only one involved in the wholesale looting that has been happening in Zimbabwe.
The US$ 3 billion is but the ears of the hippo the rest is beast is under the muddy water.
President Mnangagwa will recover the ears of the hippo but little else because he is targeting G40 faction members only and yet the looting has included Zanu PF from all sides of the Zanu PF factional divide. The posse of generals who staged the coup and installed him into State House are among the many diamond swindlers, who is he fooling by pretending all those around him are as innocent as a lamb!The only hope of ending corruption in Zimbabwe is by implementing the democratic reforms so that those in power are democratically accountable to the people and not accountable to the swindlers wielding the guns as is the case here.