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President Mnangagwa says there is no going back to dollarisation

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Hopes have faded that President Emmerson Mnangagwa – who took over from late President Robert Mugabe after a coup two years ago – can quickly revive the economy, which has left millions struggling and facing hunger [File: Philimon Bulawayo/Reuters]

Zimbabwe’s President Emmerson Mnangagwa vowed on Friday not to revert to using the United States dollar despite the country’s new local currency plunging against the greenback since its introduction this year, fuelling inflation and economic hardship.

In 2009, Zimbabwe “dollarised” the economy by allowing the US dollar and other foreign currencies to be used as legal tender in the country after hyperinflation decimated the value of Zimbabwe’s sovereign currency.

The government ended dollarisation in June after it outlawed the use of foreign currencies in local transactions in a bid to defend a fledgling interim sovereign currency. This paved the way for the new Zimbabwean dollar, which formally entered circulation last month.

But economists say the decision to end dollarisation actually drove hyperinflation, eroding wages and savings.

Economists, businesses and the opposition have accused the government of rushing to reintroduce the Zimbabwean dollar without the backing of foreign currency reserves. They say the government should allow the use of US dollar and other currencies to tame soaring prices.

“No progressive nation can progress without its own currency. However, we have so many among our people who fight this decision. We will not revert back to a basket of currencies, never, never, never,” Mnangagwa told ZANU-PF members at an annual party conference outside the capital.

There is little foreign investment in the troubled Southern African nation, which is in the throes of its worst economic crisis in a decade. Export earnings and remittances from the diaspora have fallen. The resulting shortage of US dollars to pay for imports has led to fuel and electricity shortages, hobbling businesses including in the important mining sector.

Although it is now illegal to use foreign currency to buy local goods, many people still take the risk and some businesses charge in both US and Zimbabwe dollars.

Hopes have faded that Mnangagwa – who took over from late President Robert Mugabe after a coup two years ago – can quickly revive the economy, which has left millions struggling and facing hunger.

Mnangagwa said his government is pursuing difficult economic reforms, including measures to reduce the budget deficit to single digits.

He said violent protests in January that erupted in the wake of a fuel price hike – and calls by labour unions for strikes to boost paychecks in line with inflation – were both part of an anti-government plot to derail economic reforms and undermine his rule.

“I want to commend the people of Zimbabwe for rejecting the machinations by those with unbridled political ambitions who are even prepared to use violence, divisions and disunity and violent demonstrations to acquire power,” Mnangagwa said.

SOURCE: REUTERS NEWS AGENCY

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Brian Kazungu

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Mrs. South Africa 2020 Finalist and Yalla Yalla Boutique Hotel Ambassador, Eulender Nanni Set To Empower Women and Youths with Financial Skills and Business Literacy

Brian Kazungu

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Mrs. South Africa 2020 Finalist and Yalla Yalla Boutique Hotel Ambassador, Eulender Nanni is set to use her voice, skills and experience to advocate for change by empowering women and youths with financial skills and business literacy.

Eulender believes that the Mrs. South Africa pageantry is a Women Empowerment initiative which ensures that real women with careers and families are given a chance to make a difference and to follow their passion and dreams.

She expressed gratitude on the fact that the pageantry and hotel ambassadorship has given her exposure, love and support from the Witbank community in Mpumalanga and as such, she looks forward to give back to the community through various empowerment initiatives.

Mrs Nanni, a philanthropist whose charity work was partly inspired by the problems of depression that she personally went through has also vowed to use her experience in Events Planning and creativity in Fashion to raise awareness in Non-Communicable Diseases.

With her strong belief in hard work, team work and passion towards achievement, she believe that her qualities such as sympathy, discipline and willingness to help other people in life are the right tools that she needs in order to fulfill her charity work and the pursuit of her dreams.

As an Ambassador for the Yalla Yalla Boutique Hotel, she encouraged players in the hospitality industry to continue adhering to the Covid-19 regulations and to be creative through offering travel packages and rewards systems that are customer centred.

Iniafrica.com’s Brian Kazungu spoke with the multi-faceted goal getting Eulender as she shared her dreams, passions and roles as a Mrs South Africa Finalist and a hotel ambassador in the interview below.

Iniafrica.com: Ms Eulender Nanni, please welcome to this interview and thank you for your time. Its public knowledge that you are a woman of many talents as shown by a beautiful record of your achievements like being chosen as the Brand Ambassador for the Yalla Yalla Boutique Hotel as well as being a Mrs. South Africa finalist. Briefly tell us about these two roles.

Celebrity: It’s both an honor and a privilege to be Brand Ambassador for the Yalla Yalla Boutique Hotel; it’s just solidified how as a brand I am growing and the hotel sees the value our collaboration will be benefit both myself and Yalla Yalla Boutique Hotel. Being Mrs. South Africa finalist has been exciting regardless of what is currently happen due to the Covid. I took this situation and made it work for me. Growth only happens when one is ready to work hard at it.

Iniafrica.com: Would you tell us more about your choice and role as the Brand Ambassador for the hotel including your personal experiences in this 4 star establishment especially during this journey as a Mrs. South Africa Finalist.

Celebrity: I loveYalla Yalla Boutique Hotel for what it stands for. They always strive to bring the best hospitality experience to their guests through their professional team. Yalla Yalla Boutique Hotel will go out of their way to accommodate guests every time and thus spreading the Yalla Yalla magic!

Iniafrica.com: As the brand ambassador of Yalla Yalla Boutique Hotel, a business which falls under the Tourism & Hospitality sector and as a Mrs. South Africa finalist, what do you think will be the best recovery strategy for businesses in this industry to survive now and beyond Covid-19?

Celebrity: I believe that offering travel packages and rewards systems that make people feel included will be a very good strategy. I also encourage supporting local businesses and advocate for a campaign to help people get to know more about the province and the country.

Iniafrica.com: What is it that people can expect from you during your ambassadorship with Yalla Yalla Boutique Hotel?

Celebrity: Being a multifaceted woman, I will use my experience in Events Planning & my creativity in Fashion to raise awareness in Non-Communicable Diseases. I will also be incorporating the CSI projects which are being supported by the Yalla Yalla Boutique Hotel.

Iniafrica.com: As a Brand Ambassador and a person who has had a personal experience at this award winning hotel, what are your words of advice to anybody who would like to experience the Yalla Yalla magic on their own and yet they are afraid of traveling during this Covid-19 period?

Celebrity: I was at rest when I visited the Yalla Yalla Boutique Hotel since they observed COVID-19 regulations from the hygiene up to the presentation of food and not forgetting their house keeping routines which are just amazing. I would like to remind everyone that this Covid problem will come to an end but what we all we need to do at the moment is to follow the related regulations and guidelines and to keep a positive mindset.

Iniafrica.com: Tell us about your participation in the Mrs. South Africa pageantry including what inspired it and how it feels like to be a participant on such a grand stage?

Celebrity: It’s not just a pageant, it’s about Women Empowerment. It gives us real women with careers and families a chance to make a difference and to follow our passion and dreams. I thank God for it since it’s both an honor and privilege as I get to be a part of history of the virtues of South Africa, the spirit of Ubuntu, and the real relatable women of the country. Mrs. South Africa aims share true South African stories, as well as to empower and showcase true beauty that shines from within and to celebrate every woman in her unique femininity.

Iniafrica.com: If you were to be crowned as Mrs. South Africa, what positive impact would you like to bring to South Africa and to your province?

Celebrity: It takes sympathy, discipline and willingness to help other people in life and I believe that I possess all these qualities. As such, I will use my voice, skills & experience to advocate for change. I will also use my knowledge to empower women and the youth with financial skills and business literacy.

Iniafrica.com: What is it that you can acknowledge or credit as your pillar or support system which has helped you in your journey in this Mrs. South Africa pageantry?

Celebrity: My family and the Mpumalanga province has showed me unconditional support and not forgetting that my husband and daughter are my pillar and number one supporters. More-so, the love that I receive from my siblings and my mother is overwhelming. I am also blessed to have the company that I work for being 100% behind me.

Iniafrica.com: As for you having been Mrs. Mpumalanga Ambassador and a BFM Awards recipient for the Best Styled Diva in 2018 as well as a Sunrise Women Award nominee for Social Entrepreneurship and Game Changer, I believe that there are some success secrets that you can share which can change the lives of so many people in South Africa and across the world. Please tell us the secrets behind all that you have achieved so far!

Celebrity: 1) Work hard; you must have goals not just dreams since goals are attainable and can be broken in to small pieces. 2) Get a team; work with people that want to see you succeed at what you do. 3) Do something that you love with every fiber of your being.

I believe that with these, you will excel.

Iniafrica.com: As an enterprising and focused young lady who have so much in her plate, how do you manage to juggle between all that you do and still keep your goals in check and your body in shape?

Celebrity: I live by the following principles:

 ⁃ I put God first; as I am sustained by All Mighty

⁃ I take it one day as it comes

⁃ I think positively and keep motivating myself.

⁃ I exercise to keep fit, healthy and looking good.

⁃ I pay special attention to my personal hygiene: for everything always dress up and show up.

⁃ I focus on healthy food which is good for a balanced diet.

Iniafrica.com: I believe that being a model takes a lot of self-confidence and self-discipline in your engagement with various people in their diversity? What are your words of advice to people especially young girls who look down upon themselves especially when they compare themselves with others?

Celebrity: We all have a purpose on earth and as such, you need to find your purpose. Use that dark place or situation to start something positive for yourself and for the community. Personally, I suffered from depression and so, I have used that to start advocating against depression among kids as they too suffer from the same.

Iniafrica.com: Who would you like to acknowledge and credit, be it for their emotional and material input or contribution (support) towards being the person who you have become and what you have achieved?

Celebrity: My Husband Mr. Nanni, Mrs. Mokoena (mom), Mrs. Mpumalanga Pageant, for opportunity given to me as an Ambassador. Blinkwater Meule (Super B) for supporting the CSI projects that we are working on. I must also acknowledge the kids that I am mentoring for trusting me with their lives. I want to also mention Khatijah Khan for believing in my dream and the ABM Foundation for always trusting my craft as a Host/MC.

Iniafrica.com: Who can you say is your inspiration, a person who makes you want to do it better every day? Why is that so?

Celebrity: My Mother is my inspiration. She is selfless, kind, compassionate and she loves her community. She is a mommy of five and a mother to all. She has always been there for young women and children in our community who need help!

Iniafrica.com: What is it that you can look back at and say, because of my Yalla Yalla Ambassadorship and my participation in the Mrs. South Africa pageantry, I have managed to achieve this or this is who I have become?

Celebrity: My Yalla Yalla Ambassadorship and the Mrs. South Africa pageantry has given me exposure, love and support from the Witbank community.

Iniafrica.com: I understand that there many young girls out there who can look at you right now and say one day I would like to be an ambassador for a hotel just like you or to be a Mrs. South Africa in the future. Based on your journey so far in this regard, is this something that you can encourage them to do or not? What advice and guidance can you give them on such a dream?

Celebrity: Yes definitely.  It’s not just a pageant, it’s about Women Empowerment and it gives us real women with careers and families a chance to make a difference and follow our passion and dreams.

Iniafrica.com: Besides being a Yalla Yalla Hotel Ambassador and Mrs. South Africa finalist, you are also a career woman and a philanthropist. Please tell us more about the charity/philanthropy work that you are doing and the inspiration behind it?

Celebrity: I get to showcase my work which I am doing for my community in the form of CSI projects. The projects are to raise money towards funding and awareness of what the Xiluxamama NPC is advocating for.

My advocacy and / Cause in this regard are as follows:

1. Eating Disorders amongst Children (as young as 6-ups)

2. Depression amongst kids; Alcoholism amongst children.

3. Autism Spectrum Disorder

4. Raise Mental Health Awareness more so now in COVID-19

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Economy

1996 Zimbabwe: Shared National Vision to be Achieved by Year 2020

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Zimbabwe. National Economic Planning Commission (NEPC) – Zimbabwe Vision 2020 and Long-term Development Strategies: Final Working Draft : Submitted 26 March 1997 : Objective to Identify National Aspirations, Come Up with a Shared National Vision and Development Strategies for Zimbabwe to be Achieved by Year 2020
National long term perspective studies

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