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Revesayi Mudete posted on Facebook a story that 76% of the families in Zimbabwe survives on less than $200 well below poverty datum line of $500.
“Zimbabwe is facing an imminent economic implosion due to chronic mismanagement by President Robert Mugabe’s ruling Zanu PF, that is being exacerbated by the former liberation movement’s seemingly unstoppable factional and succession wars,” reads the post.
“Life is getting harder for most Zimbabweans, and as the country’s economy gets more and more informalised, to the point where critics now derisively describe Zimbabwe as “a country of degreed street vendors”.
The post state that Zanu PF is holding the country hostage while its bigwigs continued to savage each other with reckless abandon and without forging a progressive path forward for the long-suffering country.
“There are major shrinkages in all sectors of the economy, from mining to agriculture and manufacturing. Businesses are going bankrupt. We cannot be a country where we are consuming more than we produce,” reads the post. by Stephen Jakes
– Source.bulawayo24