Unmasking Zimbabwe’s Rebasement Conundrum

By Newton Mambande

HARARE – THE recent rebasement of Zimbabwe’s economy has sparked intense debate. While some hail it as a sign of recovery, a closer look reveals a complex picture. Despite being touted as the fifth-largest economy in the SADC region:

• Millions of Zimbabweans languish in abject poverty.
• The country continues to grapple with severe liquidity and cash constraints.

A Familiar Pattern of Economic Manipulation

This scenario bears a striking resemblance to the “cooking the books” tactics employed by Fascist Italy under Benito Mussolini and the Soviet Union under Joseph Stalin. Both regimes were notorious for presenting an impressive picture of productivity and growth while their economies struggled beneath the surface.

The Disconnect Between Statistics and Reality

In Zimbabwe’s case, the rebasement exercise has raised serious questions about the accuracy of economic data. The numbers may look impressive on paper, but the reality on the ground tells a different story. The fact that smaller economies like Botswana, Zambia, and Namibia appear more stable and better managed is telling.

The Critical Component of Equity and Equality

The rebasement debate highlights the urgent issue of equity in economic management. Key questions remain:

• Is the nation’s wealth being distributed equitably among the population?
• Do all citizens have equal access to essential resources like education, healthcare, and economic opportunities?

The Human Cost of Economic Mismanagement

The most pressing concern is the human cost of Zimbabwe’s economic woes.

• Millions of citizens struggle to access basic necessities like food and healthcare.
• The liquidity crunch has crippled the economy, making it difficult for businesses to operate and for people to make ends meet.

A Call for Transparency, Accountability, and Equity

To address these challenges, policymakers must prioritize:

• Transparency and accountability in economic data and governance.
• Equity and equality through policies that ensure a fair distribution of resources and benefits.

The Way Forward

Zimbabwe needs a multifaceted approach for sustainable recovery, including:

• Economic diversification to reduce dependence on a single sector.
• Strict fiscal discipline and prudent management of public finances.
• Investment in human capital through education, healthcare, and skills development.
• A foundational commitment to transparency, accountability, and equity.

By addressing these fundamental issues, Zimbabwe can embark on a path to sustainable economic growth that benefits all its citizens.

About the Author:
Newton Mambande is an entrepreneur and researcher. He has published scientific research in academic journals. He is reachable via email at newtonmunod@gmail.com or by WhatsApp/Call at +263773411103.