Constitutional law expert and political analyst Advocate Fadzayi Mahere said that the problem with the Zimbabwean government is its failure to respect property rights.
Mahere added that the Monetary Policy Statement punishes producers and exporters. Writing on her Twitter page on Friday, Mahere said:
We must have a serious discussion about property rights. By the stroke of a pen, the Govt compulsorily takes people’s property without compensation – exporters, depositors, farmers. Sad. When will they learn that there can be no productivity or investment without property rights?
You can’t say low productivity and a lack of investment are the problems but every policy you announce punishes those who are producing and exporting. An investor who was banking here and invested in real currency five years ago wakes up today and his money is not money anymore.
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RBZ policy has an outstanding dimension of inclusivity as it promotes exporters and leaves the bigger question as “which way Zimbabwe even as this document is on the table”. What are if any, the cross sector growth and development targets over the short, medium and long term.