Zimbabwe’s opposition, which came on with a bang in 2000 raising hopes that it could wrestle power from President Robert Mugabe who has literally run the country down, is fast crumbling at a time when most people believed Mugabe’s administration was at its weakest.
The government has been groping in the dark for the past five years as it has been rolling out annual budgets but has not produced any audited reports since 2000.
The Financial Gazette was yesterday forced to retract a story in which it had claimed that the Central Intelligence Organisation had blocked the registration of Associated Newspapers of Zimbabwe, publishers of the banned Daily News and Daily News on Sunday.
Gold producers, who have been reeling because of low prices and escalating production costs, could have a major boost this year as the price of the precious metal is expected to soar.
Government departments in Bulawayo usually exhaust their budgets within the first quarter of the year, that is why they are failing to pay their bills to the Bulawayo City Council, executive mayor Japhet Ndabeni-Ncube said.