AFRICAN EYE

By Rawlings Magede President Emmerson Mnangagwa administration faces a huge dilemma going forwad. Distortions within the USD-RTGs rate have led to a spike in prices of basic commodities. The cost of living has seriously deteriorated in the first half of the year which has seen sharp increases in the price of fuel. Prices of basic goods have soared and the cost of living is not even comparable to the cost of labour. This rise has resultantly diminished disposable incomes for workers and the general populace who have already been dealt a heavy blow of unemployment. This has seen a serious decline in the standard of living and tremendously high levels of poverty. The much touted rhetoric of a middle class economy that is anchored on National Development Strategy (NDS) 1 remains a farce.Overal funding for this ambitious strategy requires over US40 billion which the government does not have. Illicit financial flows, leakages and corruption have eroded government revenue that usually com