THE ECONOMY IS ONLY DOING WELL ON PAPER, ON THE GROUND, THINGS ARE TOUGH– SILAVWE
Opposition Golden Party of Zambia President, Jackson Silavwe, has questioned why recent economic gains, including a reduction in inflation and the appreciation of the Zambian Kwacha against major convertible currencies, have not translated into lower prices of essential commodities on the market.
Mr. Silavwe said if the current positive economic indicators are genuine, there should have been a significant reduction in the cost of goods and services.
Speaking in an interview with RCV News in Lusaka, Mr. Silavwe noted that the appreciation of the Kwacha should have led to a substantial reduction in fuel prices, which in turn would lower the cost of goods on the market.
“With the reduction in inflation and the improved performance of the Kwacha, prices of goods and services should have come down,” said Mr. Silavwe.
He alleged that the perceived positive economic trends risk being labelled fictitious if they do not translate into tangible benefits for ordinary citizens through reduced prices of essential goods and services.
Angel Kasabo/RCV News
Only the economically illiterate expect overnight prosperity after years of mismanagement.You are the same individuals who ruined the economy, yet you expect it to be repaired in four years. You speak without any sense of shame. What type of individuals are you? You failed to repay the borrowed funds, which even incurred penalties. Loans were recklessly taken out by your group. You are fully aware of the source of the high cost of living. A significant portion of our budget is allocated to servicing the debt you incurred. Now, you wish to appear clever by attempting to distance yourselves from the Eurobond funds? Do not underestimate our intelligence, Mr
Ba Sikavwe, you are a leader of a political party and aspiring presidential candidate and you are thinking like that?
Your reasoning is like expecting a dry well to have water after the first rains in November. It takes time for the water to sip through the ground and the water table to rise.
The impact of the positive indicators will be felt maybe six months from now. It is not like switching on a light bulb.
Another failed politican who loke some birds…perpetually live with their heads buried in the ground and expect to see what when your head is covered with soil?