Mnangagwa delivers first Sona‚ MDC Alliance legislators walk out

“My government will continue ongoing efforts to address the economic situation and we will continue to use the multi-currency system until fundamentals are right to bring the local currency‚” he said.

His newly appointed finance minister‚ Mthuli Ncube‚ has advocated before for the adoption of the South African rand – given the high volume of trade at over $2-billion annually between the two countries. Ncube earlier on Tuesday told journalists that he was working on a “transitional stabilisation programme” which he would unveil next month.

Mnangagwa also read the riot act to ailing state enterprises and said they needed to “operate profitably and not continue to drain the fiscus.”

These parastatals notably include national airline Air Zimbabwe‚ the National Railways of Zimbabwe and the Grain Marketing Board among others.

During the current five-year tenure of parliament‚ several bills are set to be brought before it. The bills include amendments set to be made to the companies act‚ citizenship act and the broadcasting act‚ child justice bill and marriage act.

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