what are the causes of lack of capital in zimbabwe?
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1.Payment of war veterans transfers
Mugabe had to avert a potentially explosive situation and doled out $6.4 million dollars towards school fees for children of war veterans. I don’t have any problem with the payment of fees but my point is that government did not have this kind of money. It dipped its fingers into depositors funds.
2. Tobacco Farmers
When the tobacco marketing season commenced, government commandeered all farmers to open bank accounts. The government then pounced on the banked funds to meet its recurrent expenditure which include the staggered payment of bonuses.
1.Payment of war veterans transfers
Mugabe had to avert a potentially explosive situation and doled out $6.4 million dollars towards school fees for children of war veterans. I don’t have any problem with the payment of fees but my point is that government did not have this kind of money. It dipped its fingers into depositors funds.
2. Tobacco Farmers
When the tobacco marketing season commenced, government commandeered all farmers to open bank accounts. The government then pounced on the banked funds to meet its recurrent expenditure which include the staggered payment of bonuses.
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