Image Credit: Reuters Zimbabwe’s economy is bleeding, has been for a while, but the upcoming budget statement by finance minister Mthuli Ncube presents him with the opportunity to suture up the economic wounds. More importantly, this will be an opportunity to prove that he has the backbone to stand up for treasury’s independence and display its resolve in achieving long-term fiscal sustainability. After all, that is the reason why he was headhunted by the Mnangagwa administration, in theory at least. The exact details of his coming on board as minister are not public but if there is any truth to rumours that he was initially hesitant, then he will have some considerable clout in pushing his agenda, to the extent that he had to be courted to accept the post. Events following his appointment as minister have been anything but smooth however. The seemingly never-ending contradictory statements from treasury and the central bank have all but contributed in creating warp...
Economics, Business and Finance