HARARE – Zimbabwe’s finance minister, Mthuli Ncube, who has projected a 3 percent growth for its economy in 2020, said there would be no “silver bullet solutions” to the monetary crisis in that country and has asked citizens to have confidence in the Zim dollar unit introduced last year, while pleading for more time despite a worsening economic situation.
“Treasury notes the government’s decision to cushion members of the Public Service Commission from the adverse economic challenges through the awarding of an interim cushioning allowance for January,” said George Guvamatanga, the secretary for the treasury. He added that the treasury had given concurrence to the “implementation of the cushioning allowance” by awarding a minimum of ZWL400 and a maximum of ZWL800 for the respective lowest and highest grades.
Ncube asked for more time to turn-around the financial sector, and also implored Zimbabweans to have confidence in their own currency.
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busrep Dreamer of note!!!
busrep 3% of 0 is still 0
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