Chinamasa given a torrid time in Parliament over cash shortages


THE HON SPEAKER:  Order, order. Hon. Members, it is very clear that this is a burning issue – [HON. MEMBERS: Yes!] –  May I suggest that Hon. Mapiki brings in a motion which will allow everybody to debate – [HON. MEMBERS: Inaudible interjections.] – I have not finished.  – [HON. MEMBERS: Inaudible interjections.] – Order, order. Hon. Chibaya, please cool down. Hon. Minister, please proceed and make your suggestion.

HON. CHINAMASA:  Mr. Speaker Sir, I was going to suggest that I do a Ministerial Statement instead. – [HON. MEMBERS: Tomorrow!] – I am not available tomorrow but next week – [HON. MEMBERS: Where are you going?] –

HON. MUNENGAMI:  Thank you Hon. Speaker. In the Hon. Minister’s Ministerial Statement, – [HON. MEMBERS: Inaudible interjections.] – In his Ministerial Statement, may the Hon. Minister also include some of the things that we feel should be addressed.

For example, firstly the Hon. Minister said that no one would be forced on the use of the bond notes – that was the first issue.  Then the second issue, the bond notes will be trading one is to one with the United States Dollar (1:1).  The third issue relates to the $200 million Afrexim Bank; now we hear that they have borrowed I think $300 million.  The last issue is, the Hon. Minister promised to appoint an independent body that was going to supervise the issuance of the bond notes but that has not been done up to now.  So, if he can include all those things.

Lastly, the Reserve Bank Governor promised to resign if the issue of the bond notes failed and it has failed.  If the Hon. Minister could include some of those issues in his Ministerial Statement then at least we will be answered.  I thank you. – [HON. MEMBERS: Inaudible interjections.] – – [HON. MARIDADI:  And also tell us where Russell Goreraza got the $2million to buy his two cars from!] –

THE HON. SPEAKER:  Order, order Hon. Maridadi – [HON. MEMBERS: Inaudible interjections.] – Order, order, I will not allow disorder here.  Hon. Maridadi, you have to be recognised.  You are a very seasoned Member of Parliament, yes and you have to be recognised. – [HON. MARIDADI:  I am sorry Mr. Speaker.] – Alright. – [AN HON. MEMBER:  Are you going to give him a chance to speak Mr. Speaker?] – No, his point has been made……………………

 HON. ZINDI:  My question is directed to the Minister of Finance and Economic Development.  I need to find out from the Hon. Minister, the justification of charges of $30.00 on each Point of Sale (POS) in all businesses that are using the swipe system in terms of payments. What is the justification for that $30.00 per month being charged by banks to all retailers who are using those POS machines, if it is not exploitation? I thank you. – [HON. MEMBERS: Inaudible interjections.] –

THE HON. SPEAKER:  Order, order, may I seek your indulgence Hon. Zindi, that the question you raised be included in the written response by the Hon. Minister?

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The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.


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