Bank Governor Cautions Tito Mboweni: Do not to cause a rift between Zambia and South Africa

1. He is our brother,he can speak the truth to caution our carelessness,true friends speak openly.

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   • As much as Mboweni is a blubbermouth there was nothing wrong with what he said about South Africa following Zambia’s path to forfeiture. Why do you have such a thin skin Mr Mvunga. Its not like Zambia is a sacred nation that shouldn’t be mentioned anywhere in the world. The fact that Zambia was the first post covid African country to fail to pay up on its Eurobond is well known. We cant expect everybody to be quiet about it. Ni respect yakuti?

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2. It’s true, Zambia is a failed state

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3. BOZ Governor talks too much

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4. Don’t mind Mboweni, he’s a brainless kaffir

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5. Truth hurts. Let’s not be the laughing stock. Let’s get our economy going FORWARD not dununa reverse

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6. Truth hurts,we have defaulted period,do you want them to be praising you after defaulting.

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7. IN ONE OF THE SCRIPTURES GOD LIKENS MAN TO NOTHING BUT A WORM AND SO IF GOD CAN REDUCE AS TO SUCH A LOWLY STATUS WHY ON EARTH WOULD HUMAN REASONING AND THINKING MAKE MY HEART RESTLESS? TELL THAT ***** SOUTH AFRICAN AND ALL THE OTHER *****S ESPECIALLY THE ZAMBIAN ONES WHO KEEP THINKING THAT OUR WELLBEING IS SOLELY DEPENDENT ON THEIR LIMITED, INSIGNIFICANT AND WORTHLESS KNOWLEDGE AND UNDERSTANDING OF THE WORLD THAT MY FUTURE HAS NEVER BEEN DEPENDENT ON THEM JUST AS MY ARRIVAL IN THIS WORLD WAS NEVER THE RELIANT ON HUMAN POWER BUT THE ONE WHO MADE A WAY ON THE RED SEA, WALKED ON WATER AND FED 5000 PEOPLE WITH THREE LOAVES AND TWO FISH. KAMUNTU KAKUTI LELO KALIPO MAILO PALIBE ATI VOTE FOR I WILL FIX YOUR PROBLEMS IWE KOSWE DO YOU KNOW HOW MANY LITRES OF OXYGEN ARE STILL REMAINING BECAUSE IF YOU THINK YOU CAN FIX OUR CHALLENGES ARE YOU SAYING YOU KNOW USED BETTER THAN THE ONE WHO BROUGHT US ON THIS EARTH REMEMBER HE SAYS HE SHARES HIS GLORY WITH NO OTHER BUT ONLY SATAN AND HIS SERVANTS THEY ARE HIS COMPETITION!!!

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8. No honor among neoliberals.

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9. Once upon a time the South African Rand was stronger than our kwacha .
   We rebased our kwacha and over night our kwacha was stronger than the Rand . ECL takes over and our rebased kwacha from being. K0.69 buying Rand 1 , nose dives to
   K1.25 buying Rand 1 .. ?????

   If we in zambia are clearly seeing a failing state , IMF is seeing a failing state Eurobond holders seeing a failing state , who are South Africans not to see a failing state .

   Even your the whole BOZ Governor lied to us when you told us you had stabilized the kwacha ????? .

   South African finance minister is calling you out as you are and instead of fixing your problems , you go on the defense .

   The truth hurts .

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   • Charles Mbilika Jr kwacha has nevwr being stronger than the rand..kkkkkk joker

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   • Chola Chisanga
     But regardless of the window dressing measures . After ECL took over the economy has nose dived to alarming levels . From $ 3.5 billion to over $20 billion in debt alone over just 7 years but the pockets of those running our economy have registered tremendous amazing prosperity from 2 million kwacha to over 20 million kwacha in just 1 year

     I mean what mathematics or formula is PF using that gains then incredible amazing personal wealth in the shortest time ever recorded but they fail to apply the same formula to the economy on a grander scale .
     ?????.. makes no sense .

     Zambia is a failing state yes .. but the ones running the failing state are not failed business men / women they are all prosperous individuals.

     Take for example that government affiliated football team that was requesting help to hire a ZAF plane for K900,000 and had a tough time trying to raise the money when on the other hand one Bowman Lusambo considered k2,000,000 as pocket change shopping money ?????

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   • This ***** should explain why his impis are killing our truck drivers

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   • When last time was our kwacha became stronger than the Rand, maybe in Kaunda era.

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   • Emmanuel Shindano

     Teacher Teacher ..I have a ask ? ?????

     Are you related to that failed ECZ chap who fainted on the podium

     ????? Just asking for my plumber ?

10. His right as finance minister let him concentrate on his economy that has been downgraded to junk

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    • Bwembya Kapapa but Zambia was downgraded below junk, to restricted default (RD).

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    • Bwembya Kapapa that is exactly what he was doing, he was warning his people that if they don’t take remedial action they could end up like us….defaulters.????????

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    • Kazhila Croffat Chinsembu and that is what will happen to them worse off there killing foreigners why can’t he address that

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    • Bwembya Kapapa Sir, with all due respect to you, debate the issue at hand. Debate the current motion.

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    • Kazhila Croffat Chinsembu that’s what am doing he mentioned our country what’s special about them they are not immune to criticism as well

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    • Bwembya Kapapa then address your criticism to him.

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    • Bwembya Kapapa I think apa bane its levels being talked about
      The junk status of SA to us we would call it very stable

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11. How did Zambia end up with a Bank Governor who only has ACCA?

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12. Tito Mboweni is right .Zambia is on fast track to be a failed state under Lungu’s poverty era .

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13. The Foolishness and incompetent of the Zambian Government is evident in the performance of the Kwacha. The Truth Hurts Boz Governor

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14. Our bank governor should keep quiet. He’s too talkative

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    • Sylvester Habeenzu Kalongo this is what cadres do, us leaders would have been quiet, he needs to be told that things have now changed just like Lusambo

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15. It’s not a governor’s role to make a rebuttal statement to a foreign politicians rants.

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    • Shi Chilambe Was also wondering in what capacity he was responding to a foreign ministry. Let him concentrate on monetary policies for the bank if he has any idea

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    • Shi Chilambe true

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    • Shi Chilambe Tito is a former reserve bank governor so its only right that Mr.Mvunga says something back.

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    • Zulu Themba Isaac FORMER… That’s the key word.

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    • Shi Chilambe therefore he should be in a proper position how it feels to recklessly address trading partners.

    • Zulu Themba Isaac You know what… On second thoughts you are very right!

    • Shi Chilambe South Africa is a mess its like there is war in the streets ,from service delivery protests,organised crime,big unemployment rate,car hijacking, Bushiri humping bail I mean the SA government has o control over the affairs of the country,its sganeful that Tito ignores all this and like Trump posts anything on twitter when the titanic,is sinking.

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    • Zulu Themba Isaac they’ve got serious potential & so can’t be compared with us in any way. The rand is has gained against all major currencies past about close to 3 weeks now. It has battered the kwacha big time. Let’s avoid denial of the situation we find ourselves in today as a country because of lack of foresight & carelessness by our leaders. Mboweni is very right – he is cautioning against falling in the situation zambia has found itself in. We learn from others & so citing examples is no offence in anyway

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    • Mat Gupta Zambia hasn’t got serious potential?currencies fall and rise all the time right?if we go back into time the ANC took over the political affairs,has SA progressed ,stagnant or made a lot of steps backwards?when you look at the asset base SA has you bet it would have economic influence in Africa as the USA to the world but SA is a mess so if you compare with the Zambian assets there is a chance Zambia has actually done well.SA shouldn’t be heading to the IMF for a bailout ideally.

    • Zulu Themba Isaac when did the kwacha start to fall? Years & years now nothing happening still in nosedive mode. What are you talking about? We are all zambians. We love our country but we should be able to point out ills. We are unfortunately now being used as a case study

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    • Mat Gupta listen Tito comes out perfect bit is the SA situation ideal?comparoson on a like with like basis,should SA struggle because of covid-19 with the resource base?Tito should introspect before he starts running his fingers on twitter because he too lives in a glass house.By the way I know what am talking about,hope you do?

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    • Shi Chilambe what if you don’t know exactly your job description?kubwatabwata unvekele

    • Zulu Themba Isaac I very much know what I am talking about. I wouldn’t have taken you on if I was blank. We are now a case study as Zambia. South africa is on the right trajectory to recovery whereas we as Zambia are clueless. Truth be told & the people doing the country a disservice are people like you who misinterpret patriotism

    • Zulu Themba Isaac, a spade is not a spoon. Zambia has failed to pay back a debt.

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    • Evans Mwiya Zambia hasn’t failed to pay back,its refused to pay back lol

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16. As a BOZ governor he is the last person who is supposed to comment on Tito’s careless tweets ….. Chris is a bonafide PF cadre.

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17. A case of blaming a messenger, we have failed to manage our affairs and it’s all out there for others to see and judge. Do not blame him, he is simply giving an example that ours is a failed state and he is simply cautioning his relatives.

    Instead of retaliating to what he is saying, let’s ask for guidance from him, he seems to know better. We all know that SA can not be sanctioned by us.

    Current economic hardships are a result of massive looting and incompetence.

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18. Truth hates

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19. Our gov is a joke..knee jerk reactions….kkkkk

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20. A spade is a spade.
    Zambia is diving into abssy.
    And since when did a bank governer become a mouth piece of the government?

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21. but that is a fact. in economics and law, there are precedents. zambia is now in the economics history for references. the pf govt must just start to live with it.

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22. Our dear BOZ governor has forgotten he no longer a politician and must always remain impartial within and outside Zambia away from politics. For a BOZ governor to find time and comment on these type of issue shows we are on path to problems. The economy is on its knees and instead of focusing on that he has time to respond to what a South African politician says.

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23. I can’t remember when a BOZ governor got himself commenting on international politics. That should have been left to foreign affairs. Just goes to show how misplaced this guy is. He is out of his league. Should really be somewhere doing data entry.

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    • He is still a cadre of a named political party.

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    • Kennedy Mkanda Sikombe He’s exposed himself too soon.

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    • Kennedy Mkanda Sikombe but who is Mboweni to be commenting on zambian affairs

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24. Huh! Bank Governor or politician? Which other state is failing to pay debts yet looking to borrow more? What would you call such a state?

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    • Cadre! Kaya if they’re politicians also??????????.

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    • Mukala Kabwela super failed state

    • Youth empowerment 30million debt repayment 0…. u don’t need to be a rocket scientist kkkk

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    • Mukala Kabwela imagine ai they have failed to pay kongole & his busy hallucinating

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    • Mukala Kabwela America is to China. Do your research b4 u think u kno it all.

    • Do you even understand what a failed state is? Use your Google don’t just use it for social media. Sometimes before you comment research about a topic. You think by failing to pay interest then a country is defined as a failed state.. Gee maybe our school syllabus really needs to be changed so people can learn the basics.

    • Lameck Chalo Chibwana, it’s not failing to pay interest but failing to pay debt.

25. Finally the governor speaks, but not on the kwacha performance but on a petty issue. Cry my beloved country

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    • Mukaba Mukaba imagine

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26. Iwe just concentrate on reducing the exchange rate and improving the economy.
    You’re BOZ governor and not PF cadre- reality check.

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27. When a Bank Governor doesn’t know his job description he answers to everything.
    This subject specifically falls under Ministry of Foreign Affairs not a ba Governor awe. Mind your lane.
    Now it’s showing that your qualifications are a challenge to the position.

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    • Simon Chinyama He’s exposed himself too early.

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28. Was this after making another split?

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29. Perhaps that should have been auntie dodo’s response not him

30. Mvunga a whole governor commenting ?? Does he know what his job is ? What an *****

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31. Governor stock to your mandate. You are no longer in politics & leave this matter to Lungu. If I was President I would fire u for talking politics.

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32. Factually…Mboweni is 100% correct.

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33. Truth hurts

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34. A bunch of clowns! Mboweni is right! Ufunika kubweza ku moba iwe!

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35. I personally feel Mr. Mboweni should be the least of our worries.

    We need to get together as Zambians and openly discuss how to transform our economic trajectory, using local resources and talents, instead of looking to more foreign loans e.g IMF bailout.

    BOMA should be honest and receptive to advise from Zambian experts. So let BOMA call for a national economic indaba.

    That defensive statement by The BoZ Governor will not improve the country’s economic performance and indicators. The best way of responding to Mr. Mboweni is through improved economic performance.

    Our officials can talk all they want, but numbers simply do not lie.

36. Wrong chap on the job it’s not his role to respond ,this is what happens when you employ a cadre

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37. And here lies the problem..This central bank Governor responding like a politician…?

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    • Sydney Gondwe Precisely!

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38. Tito mboweni was right

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39. Dear BOZ governor, leave that to politicians and diplomatic space. Concentrate on doing what you know best.Concentrate on monetary policy formulation. Ignore any detractor.

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    • Kenny Chaps Njobvu Landeniko pantu ifwe ngatwalandoka kuti mwaumfwa ba Kennedy Silwamba ati……

    • Vincent Cheembe The big man is settling in his job. we don’t need to be hard on him but to continue to give him progressive counsel. Unfortunately, sometimes we do politicise everything. Bank Governor is not a political job. So we should all be free to comment on his job so as to assist him. United as brothers, without terrorising each other, we can move this country forward. Blessed advent

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40. Oh dear Lord! I’m surprised but again I’m not surprised.

41. Case study is what zambia is now – This a fact I feel theres no offence citing a name. Bank governor is off side on this one

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42. Tito Mboweni is on weed and as Julius Malema has warned President Ramaphosa that this man will pull him down. His comments not only about Zambia can only be attributed to someone who talks under some influence of something he has taken. He exhibits very strange behaviour, at times unusually and extremely in another world and then comes back to earth. Zambia might be poor but defiantly at the moment a better place to live than South Africa where crime in the cities and farming areas is at its peak.

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43. RSA is in a mess, the colonial rating agencies just downgraded them into further junk status. The G20 countries except China and Australia and a few others are all in recession. The global economy is sick. But in RSA’,s case, Cyril and his friends like Tito thought kicking out Zuma and co was going to bring instant prosperity to their country. Tito is failing, using Zambia as a scapegoat will not improve his status quo and that of his country. Chris is very right. Cyril and co have up to date failed to sort out ESKOM while ECL and PF are about to commission Kafue Lower. The pressure is getting to Tito’s mental status for sure and Zambians are learning of the consequence of thinking Tito’s friend kainde will bring instant prosperity!

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44. Kolwe ni kolwe.
    Sanga nkale muntu.

45. Junta is written all over his face , just concentrate on your work bwana dont mind what others say

46. We need to have more Tito Mboweniz!!!! More volume

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47. PF cadre….. this is what he actually meant!!

48. It is not fashionable (not sure about ethical) for a Central Bank Governor to comment on such matters. Unless he doesn’t care what happens to the markets when he decides to play politics with the institution.

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49. We told you his a cadre, uko..
    Talk about the kwacha Mr Governor

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50. Our governer is emberassing ?

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51. So Tito Mboweni thinks S.A is any better when they equally have economic problems.

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52. Our governer is emberassing ?

53. This is what happens with us Africans, when you are fished from the floor and given a position then you think you know it all. It is not long ago that Tito was given the job as reserve Bank Governor of South Africa through the South Africa Black Economic Empowerment Sceme (BEE) to address the economic embalance between black and white counter parts. Tito who was treated with Kids gloves during his reign as reserve bank governor thinks he knows it all. He does not even understand his responsibility as a finance minister. He thinks he is still in the BEE mode. Tito Mboweni was just an appointed minister he has no clue what diplomacy means that is the down side of these guys who rise without any effort, they usually dont know whether they are going or coming. It is a very dangerous path for…

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54. Just bring back fiscal sanity.
    Isn’t that why you were hired, “TO TAKE CHARGE” of the free fall?

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55. It is a dangerous path for this appointed minister to take. Tito does not even understand the relationship between Zambia and South Africa and the southern Africa in general.

56. If at every given opportunity you pick up a stone to throw at a dog that barks at you, you won,t reach your destination.
    The BOZ Governor would do well to prove statement to the contrary.
    As things stand the statistics on ground favour the statement of the South African Finance Minister.

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57. In 24 hrs Zambia has recorded another jagabane

58. Thumbs up governor. Why talk about Zambia instead of concentrating on there own economy.

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59. There is nothing wrong in citing Zambia if its leaders are irresponsible! We have a leadership that loses no sleep on mismanagement of national resources. Let them be reminded that the world is watching circus happening in Zambia.

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60. Ati the truth Hates

61. Where is the last lie?

62. Kiki. He is lost. How do you put a politician to run BOZ. See now

63. Story izibika. This guy tito his wlfe was very popular in the night scene in south Africa. We used to play with her many times and sometimes my brother mvunga used to attend our parties. It is from here where rumours started that titos wlfe was in love with our current governor. Titos wlfe was the one chasing after our governor. That woman was something and very open. So this is a personal matter.

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64. We have all lost it ad a country. .very embarrassing

65. My nigga MJ! ????????

66. Let me do a @Kazhila Croffat Chinsembu here: We have defaulted. It is in the public domain. We are a case study. SA has its problems. They are scared they might become like us. Greece used us as a case when defaulting with IMF. So let’s address the situation and not the man. Kazhila is my hero right now on this blog. Reminds me of one Brig. Gen. Miyanda when he would field questions on here.

67. Thumbs up Tito Mboweni for telling what it is, calling a spade a spade, not a spoon.

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68. @Ben Kauzen, 55, If at every given opportunity you pick up a stone to throw at a dog that barks at you, you won,t reach your destination. Very befitting proverbial phrase indeed.

69. Christopher, he is not talking about relationships!! He is calling the economy what it is and warning his comrades not to follow that example. Is it wrong to warn your children to be careful on how they use time and use the example of your neighbors child fails the exam because he was not spending time wisely. It has nothing to do with how you relate with your neighbour but a good example they can look at and learn good lessons. Napwisha!

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70. Actions speak louder than words.
    The BOZ governor is a party cadre.Let politicians like Bwalya Ngandu deal with the south African minister.

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71. This issue should have been left to the Minister of Foreign Affairs to respond to in consultation with the Minister of Finance. Tito Mboweni made the comparison as Minister of Finance for South Africa. Its not a Secret that Zambia has defaulted on the Eurobond Holders Debt so what is Chris Mvunga’s beef with Tito Mboweni? The truth hurts but that will not make Zambia Credit Worthy. Bankruptcy is contagious. Just wait and see!

72. If you want to avoid being as a bad example improve the economy and the indicators will change. Guess what? You will be used as a good example! So your focus should be improving the economy north i chibuku responses. Ilyashi lyamu chibuku will not turn the economy around! Learn, learn, learn.

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73. I surprised that the Bank of Zambia Governor is the one responding to the state not one of the ministers. This just confirms the “failed state” status.

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74. Who is ranked higher? A BOZ Governor or a Minister? Shouldnt Mvunga leave criticising of ministers to his cabinet?

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75. Tito sounds personally upset about something else when it comes to Zambia. However, he’s just not bold enough to say it; hence his attacks on our economy. It must be to do with a woman…

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76. Ba lusaka times how is it possible to have more comments than views on this article and a lot of quiet new names on the street, its not the first time have noticed this, who are you trying to fool?

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77. If i may ask, what will SA loose if the relationship you are talking about is soured?

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78. These are diplomatic issues. Why is BOZ responding at all. Ba Mvunga, please get serious and fix our problems.
    Thank you. Cadre mentality at work.

79. It appears tito does not understand what it means by failed state

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80. Tito never said Zambia was a failed state

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81. We have made history & don’t shut people from referencing to Zambia. Actually, one question in grade 7 exams should be ‘name the first country to default after the 2020 pandamic”.

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