9.5 C
Alba Iulia
Friday, June 18, 2021

Tito Mboweni irritates Zambia again

Economy Tito Mboweni irritates Zambia again

The recent comments from South Africa’s Finance Minister Tito Mboweni that the Zambian economy will not register any meaningful growth this year due to poor economic policies has upset the Zambian government.

Appearing on a recent programme on South African television, Mr Mboweni listed a number of issues he said will make it difficult for the Zambian economy to grow among them poor policies.

But Chief Government Spokesperson Dora Siliya said in a statement that the conduct of Mr Mboweni shows that he lacks experience for public office.

Mrs Siliya said government is extremely disappointed with Mr Mboweni’s conduct adding that whatever personal issues Mr Mboweni may have must not be allowed to jeopardize the good relationship between Zambia and South Africa.

“In his latest comments on Zambia, Mr Mboweni is so vehemently trying to paint a gloomy picture of the economic outlook of Zambia even when facts on the ground do not support his comments,” Mrs Siliya said.

“Contrary to Mr Mboweni’s malicious campaign, Zambia has done well in the fight against COVID-19 such that even reputable international media like CNN has labeled Zambia as one of the 50 safest destination for tourism in 2021.”

“Copper prices are high providing the hope for the country to rebound economically, investments in the Kafue Lower has provided over 750 megawatts of electricity, reducing our power deficit significantly,” Ms Siliya said.

She also stated that government has provided stimulus packages to safeguard businesses and young people are provided with internship jobs, business and higher education.

Ms Siliya said the Zambian government is confident that Mr Mboweni will be censured by that country’s President Cyril Ramaphosa as before.

52 COMMENTS

  1. Are there prospects Zambia in headed towards becoming a powerhouse that the gentleman is scared of Zambia outdoing SA? What is it with him?

    10
    35
  2. Isn’t he just pointing out what is true ! Poor policy and poor management of resources . Even if we draw up something good on paper ,there is no WILL to implement .PF inherited a vibrant Economy ,despite RB’s downward trajectory. The Economic growth Indicators were healthy. And please don’t start with the Covid19 and Climate change lies! Your neighbours Botswana ,Tanzania ,Uganda ,Rwanda are doing far much better under the same conditions.
    Infrastructure is good ,when you negotiate well for the benefit of your country in the spirit of PATRIOTISM. What a wise man admits he’s wrongs and will be quick to correct he’s path. Unfortunately this is not the case with the PF leadership!!

    22
    4
  3. What exactly did Tito Mboweni say about the Management of the Zambian Economy? For sure this reckless printing of Money should fuel inflation going forward. Dishing out unbudgeted Money for Election purposes has Consequences. Prices of Goods and Services will triple and People will suffer. The signals are all there for all to see.

    20
    6
  4. THE TRUTH ALWAYS HURTS AND THAT IS A FACT
    LOOK HOW ZUMA DEZTR0YED THE SA ECONOMY AND THE DIFFICULTY THEY HAVE TRYING TO REVERSE THOSE ILLS
    THE SAME WILL APPLY TO ZAMBIA MARK THESE WORDS
    AS FOR ZAMBIA BEING A POWER HOUSE KIKIKI WITH MOST INDUSTRIES STRUGGLING
    GET REAL FOR GODS SAKE AND WAKE UP

    34
    11
  5. Why don’t you like being told the truth?
    How do you expect to make the economy grow by printing MORE money and releasing it into the economy? Do you know the effects on the economy.
    Awe bane, you can rig the elections but you can’t rig the economy.
    Come July 2021,the Dollar will be pegged at K25

    29
    8
  6. These comments are all over the place namwe. It’s just that Africans do not climb down to allow others to try an alternative solution asembe if it was a developed economy we could have already had voluntary change of managers by now.

    18
    5
  7. The only resource that Zambia can boast about is copper.

    Why can’t this prostitute talk about the debt and what measures are in place to pay it off.

    Only in Zambia where government prints money and dishes out in millions in the name of empowerment.

    In which country would you see this in. Majority of other countries have balances and checks

    24
    6
  8. He is telling the truth hate him or like him, the world knows how bad Edgar Lungu has ruined this country.

    PF must go!

    29
    7
  9. “Copper prices are high providing the hope for the country to rebound economically, investments in the Kafue Lower has provided over 750 megawatts of electricity, reducing our power deficit significantly,”-LT

    “After Default, Zambia’s Outsized Bet on Copper Could Play Into China’s Hands
    Zambia takes on $1.5 billion debt to acquire loss-making mine, raising fears it could ultimately hand strategic asset to top creditor, China”-The Wall Street Journal.

    16
    4
  10. Tito as Bank Governor and Minister of Finance has failed to contribute to uplifting blacks in SA. He is white people cholaboy.. SA government workers will go strike for peanut and slave wages because of the attitude of Tito.. “I know it all” .. We must ignore this lunatic self proclaimed clever black.

    6
    7
  11. Is it Tito Mboweni who causes it to rain in Zambia? If I were a government minister in Zambia, I would ignore Mboweni’s utterances. Zambian lorry drivers hv been killed in South Africa but we hv not seen any public outrage. No-one will die due to wht Mboweni has said but our lorry drivers hv been killed due to wht the South African government has not done. This is wht we should be more concerned about.

    15
    7
  12. Being told the truth by a simple minister in another country. Zambians be proactive, how do you support such nonsense even if you don’t like Lungu, your liking is one crooked dictator Sammy Hichilema. Be nationalistic and protect your country. Whatever hurts this foolish South African chap, called minister. After destroying their South African economy they are jealousy of developments in Zambia! Shame to those Xhosas!

    3
    14
  13. I now seem to agree with Dr. Guy Scott when he once said that South Africans are backward. You just wonder what drunkard Tito has against Zambia. It reminds me of what Zimbos (Zimbabweans) used to say about Zambia when they got independence. They gave Zambia so much negative publicity until things fell apart in Zimbabwe. Drunkard Tito is behaving the same way by throwing all diplomatic etiquette to the wind. He runs off his mouth like Zambia is his father’s fiefdom or chicken run.

    5
    11
  14. Tito has failed to manage south African economy so he finds comfort in commenting about Zambias economy. If I were a south African citizen I would be very upset to learn that a f00l we were paying using tax payers money is more interested in the economy of another country. He is upset because a well known zambian woman refused him, with his ka small dudu

    10
    25
  15. He was just using Zambia as an example in his interview. who doesn’t know that Zambia is in a crisis due to bad and Poor policies.

    19
    6
  16. UBWALWA MU MUDALA. TITO HH IS ALWAYS IN SA TO UPDATE TITO….TAFYAKA BOMBE HH LEFT ON FRIDAY.

    5
    10
  17. Hopeless chaps! Being worried about being told the truth! Would Mboweni say the same on another but better run country like Botswana and people believe him? Happy Mboweni is far, they could have sent PF cadres to beat him!! As I write this at 17.00hrs, I have had no electricity since 11.00hrs this morning.Isn’t that a sign of failure?

    17
    3
  18. The truth hurts. Tito Mboweni was right when he said that the Zambian Economy cannot recover becoz it is “in incapable hands”. The “incapable hands” that see Printing of Money and dishing it out to buy votes. The “incapable hands” don’t realise that too much Money chasing fewer goods is highly inflationary. Tito Mboweni was highlighting how the Zambian Economy is being mismanaged under the Corrupt and incompetent ECL Govt. For sure another 5 years of ECL and PF Rule will destroy the Zambian Economy Completely. Without new and visionary Leadership the Zambian Economy is doomed. Tito Mboweni is spot on.

    10
    1
  19. People want to be praised even when the economy is doing bad. A person who praise you when the economy is doing bad is an enemy. Hon Mudubile of PF has confessed that PF has no solution and his thought is that UPND has no solution either. Let not Mr Mundubile speak for UNPD. How can you vote for someone who has no solution. Let .Zambians make a decision.

    14
    2
  20. Zambia does not Lessotho University Graduate economists but SA Zambian USA and UK graduate economists, be they be post apartheid former finance ministers.

    1
    8
  21. Zambia does not use Lessotho University Graduate economists be they be post apartheid former finance ministersbut SA Zambian USA and UK graduate economists,

    2
    7
  22. Tito Mboweni is telling the unpleasant truth and the stats are there to prove him right.Since 2013 Zambia’s economic indicators have been getting worse and worse.

    15
    2
  23. The Kaffir knows that if Zambians don’t buy from his country they’ll lose a lot of business. The Kaffir doesn’t deserve a response from Government. It’s better to ignore him

    4
    11
  24. Being one of the 50 safest countries does not make your economy one of the best. Dora you need to give chance to Jay Jay if that is the type of your thinking.

    3
    1
  25. Hakainde Hichilema was in SA to talk about the fact that there is no rule of Law in Zambia and other negative statements about his own country. The statements are similar to what you would expect from an under-five. Tito Mboweni has been an appointee and has no popular support so his experience has been due to Black Economic Empowerment that South Africa undertook after 1994 to empower black people.Tito is a benefiary of that. Now he thinks he knows it all. He has no political manners neither does he have any diplomacy, he is simply in the same league as the under-fives. You need to know him for what he is.

    2
    5
  26. BRING A ZONDO STYLE COMMISSION HERE AND LETS THE ZAMBIAN PEOPLE SEE THE TRUTH IF pF MINISTERS AND GOVERNMENT IS CLEAN WE’LL SOON FIND OUT
    WHAT IS THE PRESIDENT AND GOVERNMENT SCARED OF ?? YOU KEEP TEEL US THERE IS NO CORRUPTION SO BRING IT ON pF
    THE ZAMBIAN PEOPLE ARE WAITING

    2
    1
  27. BLACK ENPOWERMENT ??????? ITS ALREADY HERE IF YOU A PF CADRE
    WHY CANT IT BE CALLED ENPOWERMENT FOR ALL
    WE MUST GET RID OF OUR INFERIORITY COMPLEX

    1
    2
  28. Really laughable…Dora stating that he lacks experience in public office..what she really means is he doesn’t know or want lie; he didn’t lie when that cadre Mvunga was appointed as BOZ governor today he is busy printing money like newspapers

    9
    1
  29. Danny ex BOZ was removed as he would not dance on lungus tune. Hence the cadre mvunga was brought in to print money and make a cut for himself.

    Lungu has run this country as if he own it can do what he wants by hook or by crook with his imbecile advisor KZ

    7
    2
  30. Tito Mboweni annoyed the ECL Govt when he said the Zambian Economy is unlikely to recover in the short term becoz the Economy is “in incapable hands”. This means the Zambian Economy is being managed by an incompetent Govt. That is loud and clear from the current Minister of Finance in South Africa. Its unfortunate if Zambians on August 12 elect an incompetent PF Govt to preside over its affairs for the next 5 years.Tito Mboweni has advised Zambians to elect Team HH and UPND who can turnaround this Economy. The writing is on the wall.

    4
    1
  31. Mboweni said he will come and campaign for his friend in the opposition, but I just wonder how one character can appoint a foreigner to be his political campaign manager it is a shame for this opposition.
    Mboweni can not talk about those bucket latrines in his country being used by his people and he is going to do about them, we know the squalors the majority people of South Africa are still living in why can’t he see the problems affecting his people whom he has failed to lift from un sanitary conditions they live in , why doesn’t he see what is more closer to him than talk about another country, the disparities in the wealth distribution in South Africa is something he must be worried about than talking about what doesn’t affect him.
    Most South Africans cannot see what…

    3
    3
  32. ADVICE 1 TO SOUTH AFRICANS
    South Africans must not be careless in management of national and international economies. Tito Mboweni’s disparaging remarks against Zambia and NUMSA’s Irvin Jim’s threat to impose economic sanctions against Zambia (courtesy of Mmembe’s Post Ltd) deserve timely advice. Mboweni was 6-years old and Irvin Jim was not yet born when in 1965 Ian Smith declared UDI and closed Zambia’s trade route to Beira and Durban. Zambia was saved by the wisdom of KK and Nyerere who offset the impact of Rhodesian UDI. The resilience of Zambians was exhibited by opting to trek through the ‘HELL RUN’ to sustain Zambia’s economic life. Hence the construction of TAZARA and Oil Pipeline from Dar es Salaam. But Zambia continued to support South Africa’s freedom fighters.

    4
    2
  33. Ordinary Zambians are curious to know why Mboweni thrives on disparaging the Zambian Govt. Holding Govt Ministerial positions requires wisdom to positively drive national economies and foster international trade. Mandela displayed greater wisdom by uniting blacks, whites and Asian communities that collectively contributed to industrial base in South Africa. Mboweni’s outbursts against Zambia may prompt some SADC member States to restructure their economies and trade routes to protect their national integrity. Zambians resiliency to offset external provocations may necessitate exploring safe trade routes via other friendly States. We hope Mboweni will be schooled on the art of managing international trade beyond walls of a Central Bank. Otherwise which interest group is Mboweni serving?

    2
    2
  34. Just tell that f00l to concern himself with the plight of black southafricans in that apartheid country of his

    3
    4
  35. Wht Tito Mboweni says is not wht will happen to the Zambian economy. It’s wht the Zambian government does and doesn’t do that determines wht happens to the economy. Nxt issue please.

    2
    1
  36. The South African Finance Minister of Finance was asked a question on the Zambian Economy. Mr Tito Mboweni expressed an Opinion and said the Zambian Economy is unlikely to recover anytime soon becoz in his own opinion the Zambian Economy is in “incapable hands”. This means that the chances of this Economy recovering is limited due to the incompetent Lungu Govt. That is a shocking revelation but is the honest. The writing is on the wall.

  37. I personally think Zambia is for Zambians we don’t need a south African minister of Finance to be telling us those nonse,I think its unacceptable and unreasonable for him to be denting the name of our lovely country.All the countries have been affected by Covid -19.As a real Zambian with five senses I will not support that at all.

    5
    6
  38. I think this Tito boy is disapointed that he didn’t wake up in the Jackson family. Let him speculate about his own country, why my jealous so? Insulting the hand that once fed him atase!

    3
    5
  39. Zambians are curious to know why Mboweni thrives on disparaging the Zambian Govt. Holding Govt Ministerial positions requires wisdom to positively drive national economies and foster international trade. Mandela displayed greater wisdom by uniting blacks, whites and Asian communities that collectively contributed to industrial base in South Africa. Mboweni’s outbursts against Zambia may prompt some SADC member States to restructure their economies and trade routes to protect their national integrity. Zambians resiliency to offset external provocations may necessitate exploring safe trade routes via other friendly States. We hope Mboweni will be schooled on the art of managing international trade beyond walls of a Central Bank. Otherwise which interest group is Mboweni serving?

    1
    2
  40. Holding a Govt Ministerial positions requires wisdom to positively drive national economies and foster international trade. Mandela displayed greater wisdom by uniting blacks, whites and Asian communities that collectively contributed to industrial base in South Africa. Mboweni’s outbursts against Zambia may prompt some SADC member States to restructure their economies and trade routes to protect their national integrity. Where then will South Africa sell its industrial products?. Mboweni must be schooled on the art of managing international trade beyond walls of a Central Bank. Otherwise which interest group is Mboweni serving?

    1
    2
  41. What Dora is saying is what we call cheap propaganda. Zambian economy as of today is on it’s belly. No jobs, no money, no industries and nothing to point about in terms of positive economic gains. What is on ground is poverty, dishing out valueless paper money printed to appease cadres, high electricity charges, shrinking currency value as compared to other countries. So what wrong has Tito said? Just learn to accept that you have messed up the economy of Zambia.

    3
    1
  42. @KZ. Don’t shoot the Messenger instead receive the message. Tito Mboweni’s Sin was to say that the Zambian Economy is in “incapable hands “. Tito Mboweni was expressing an Opinion but Zambians should be worried to hear that their Economy will not recover becoz it is being mismanaged by incompetent Managers and Political Leaders. The message is clear.On August 12 Zambians must vote wisely and remove these incompetent leaders from Power. Zambians should vote for HH and UPND to turnaround this Economy and our lives. ECL and PF have failed. Let’s try HH aka Bally will fix it.

  43. HE TRYING TO ASSIST ZAMBIANS AS TO WHATS GOING ON As THE TRUTH IS ALWAYS BEING HIDDEN IN ZAMBIA BY THE NEWS MEDIA
    WHO ARE CONTROLED BY GOVERNMENT SO WE THE PEOPLE WELCOME HIS REMARKS AND DONT GIVE A DAMN WHAT THE PF PUPPETS THINK

  44. Insulting and calling Mboweni all types of names will not change the facts. This economy is tanking. When fellow Zambian talk about the poor management of the economy, you get annoyed. A foreigner does the same, you get annoyed. Who then do you want to tell you? The IMF? Very soon a lot of Zambian will not afford essential commodities for there own sustenance. Anyone here who remembers the coupons the UNIP government was giving in order to get mealie meal, that’s what will be happening soon.

  45. I am yet to see Tito’s comments on the state capture in his own country….sometimes its easy to look over the fence and see dirt…xenophobia, unruly parliament, crime, corruption, dysfunctional system…sum up what SA is….but we do not talk about these issues let alone use it as an example of a failing state…the rand has been battered left right and centre….so its good to relax the mind by looking to cambia….. I wonder how Bushiri walked out of that country….tells you what the smoke…oh what about South African Airlines….should we talk about SABC…or nkandala….sometimes add water to the stuff one imbibes…

Comments are closed.

- Advertisement -
Loading...

Latest News

Nearly 3,000 new Covid-19 cases captured in Zambia

Zambia has in the last 24 hours recorded 2,913 new confirmed Covid-19 cases out of 12,703 tests conducted, representing...

More Articles In This Category

- Advertisement -