By Corban Madzivanyika
The proposed sale of state-owned enterprises to settle Zimbabwe’s massive national debt is a short-sighted solution that will have far-reaching and devastating consequences for the country’s economy and its people.
Privatizing strategic assets will not only lead to job losses and economic instability but also compromise Zimbabwe’s sovereignty and self-determination. 
State-owned enterprises play a critical role in driving economic growth, providing essential services, and promoting social welfare.
Moreover, the sale of these enterprises will likely benefit foreign investors and wealthy criminal elements (Zvigananda) such as Wicknel Chivharo, Kuda Tagwirei etc at the expense of ordinary Zimbabweans.
Zvigananda will buy those Assets at far below the market prices for self-enrichment. This proposed sale is a blatant perpetuation of the looting scheme by Emmerson and his cronies.
It is unacceptable to sacrifice the country’s long-term interests and assets to appease foreign creditors and investors.
It is a source of serious worry to note that the bulk of the US 21 billion debt was not properly validated in that, a big portion relates to non-performing loans and Gvt guarantees extended to private individuals and companies who choose deliberately not to pay back under Command Agriculture and many other schemes. So to sell national assets to pay for such gross negligence is outrageous and is in defiance of logic.
Zimbabwe is well endowed with vast mineral resources which only requires an accountable government to pay off the 21 billion debt.
The only problem is a leadership which is not genuinely interested in serving Zimbabwe first but advance the embezzlement of national resources for their immediate families.
Zimbabwe mines produce around 1.6 tonnes of Gold per day across the country, but it has a huge debt overhang only as a result of the illicit exportation of the precious minerals promoted and protected by senior government politicians.
President Mnangagwa squandered the opportunity for debt restructuring through the Structural dialogue platform with International creditors as facilitated by the African Development Bank.
The government has failed to implement comprehensive reforms, including electoral, social, economic, and political reforms, necessary for sustainable debt resolution.
To make matters worse, ED perpetuates the broken social contract expressed in the government’s disregard for the Constitution, human rights, and the rule of law has eroded trust and confidence among international creditors and citizens.
Instead, he was on an overdrive in human rights violations and Illegal detentions eg cases of Hon Jameson Timba and others, Hon Amos Chibaya and others, Job Sikhala, Namatai Kwekweza and others just to mention a few.
After realising that he lost the parliamentary majority, he teamed up with Sengezo Tshabangu to recall the legitimate CCC MPs in order to get a two-thirds majority by hook and crook.
All this makes International financial creditors feel insecure about lodging any further deals or debt restructuring with such a dishonest and crooked leader.
The real solution to our debt crisis is political. It is the bad politics that is hampering progress because it is tolerating the culture of corruption, nepotism, and Lawlessness.
By adopting a more sustainable and equitable approach, Zimbabwe can address its debt challenges while protecting the interests of its people and preserving its sovereignty.
Corban Madzivanyika is the Member of Parliament for Mbizo (CCC) and Shadow Finance Minister.

Pindula News

Zimbabwe wants to sell state-owned businesses to pay a big debt, but it's not a good idea. It will hurt the economy and people. The country needs these businesses for growth and helping people. Selling them will mostly benefit rich foreigners and criminals, not regular Zimbabweans. The debt came from bad loans and government guarantees to private people who don't pay back. The leader, President Mnangagwa, hasn't fixed the problem. There is a lot of corruption and bad politics in Zimbabwe. To solve the debt problem, Zimbabwe needs to change its leadership and stop corruption.

Sale Of State Owned Enterprises Assets To Pay National Debt A Deadly Own Goal

Former Deputy Mayor for Kwekwe, Helena Mkosana, has died. The announcement was made by Mbizo Member of Parliament, Corban Madzivanyika, who expressed the loss felt by the Mbizo constituency, Kwekwe district, and Zimbabwe as a whole. The late councillor, who had been battling cancer of the colon for a while, died on Thursday morning at Kwekwe General Hospital where she had been admitted after her condition had deteriorated. Madzivanyika said:
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A dark cloud is upon Mbizo constituency,Kwekwe district &amp; Zimbabwe at large as we have just lost a decorated cadre of the Struggle.A former D. Mayor &amp; has proven record in health service provision at Kwekwe Gen Hospital. She was currently, a PR Cllr.
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Mkosana who was a member of the Citizens Coalition for Change (CCC), served as deputy Mayor between 2008 and 2013 where she deputised the late Shadrek Tobaiwa who also succumbed to cancer. Mkosana was highly regarded for her dedicated service in the health sector, particularly at Kwekwe General Hospital. Before her role as a councillor, she had worked as a nurse at the Kwekwe City Council for 20 years. 
During her tenure, Mkosana served as the councillor for Ward 4 in Mbizo and held the position of deputy mayor. However, after her term as deputy mayor and councillor came to an end in 2013, she returned to her previous profession as a state registered nurse, continuing to contribute to the well-being of others. She remained a passive member of the opposition MDC.
At the time of her death, Mkosana held the position of a Proportional Representation (PR) councillor representing the CCC. PR councillors in Zimbabwe are appointed by political parties based on the party’s proportional representation in the general elections.
Following the death of Mkosana, Kwekwe City now has only 14 councillors instead of the potential 18, as three others were recalled by Sengezo Tshabangu who claims to be the interim Secretary General of the opposition party, CCC. Out of the remaining councillors, only three are women.
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Former Deputy Mayor For Kwekwe Helena Mkosana Has Died

Citizens Coalition for Change (CCC) Member of Parliament for Mbizo constituency, Corban Madzivanyika, has argued that taxes should be imposed on income rather than wealth. He made this statement in response to a proposal by Finance Minister Mthuli Ncube to introduce a wealth tax on residential properties worth US$100,000 and above.
Ncube had proposed the tax in the national budget, stating that it aimed to address the regressive nature of the current tax system. He believed that low-income individuals were paying a higher percentage of their income in taxes compared to those with higher incomes. To rectify this inequality, Ncube suggested a Wealth Tax of 1% on the market value of residential properties worth at least US$100,000. The revenue generated from this tax would be used for urban infrastructure development.
Madzivanyika argued that the proposed house tax was unfair because property owners had already paid various income taxes to acquire their properties. He believed that taxes should be based on income rather than wealth. Madzivanyika provided an example of an elderly person who had acquired a house for US$60,000. This individual had paid income taxes, value-added taxes (VAT), and potentially capital gains taxes to acquire the property. Madzivanyika believed it was unfair to impose an additional tax on the property’s increased value. Watch the video below for more.
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<video class="wp-video-shortcode" controls="controls" height="852" id="video-268297-1" preload="metadata" width="480"><source src="https://t792ae.c2.acecdn.net/wp-content/uploads/2023/12/Taxes-zim-challenged.mp4?_=1" type="video/mp4"/><a href="https://news.pindula.co.zw/wp-content/uploads/2023/12/Taxes-zim-challenged.mp4">https://news.pindula.co.zw/wp-content/uploads/2023/12/Taxes-zim-challenged.mp4</a></video></div>
Ncube’s proposal to introduce a house tax in Zimbabwe has led some people to argue that it would be cheaper to buy houses in South Africa instead. This would result in Zimbabwe losing potential revenue.
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