Time for a reality check

The time for a reality check has come.

We cannot continue business as usual because political, social and economic circumstances have combined to put our country in the predicament it finds itself in.

Firstly our currency is sliding and Bloomberg, one of the most serious financial houses, has classified the Kwacha as suffering the worst possible weakening likened to the Ukrainian currency.

This admonition must be taken very seriously and in doing so we must take account of previous warnings by the U.S. government regarding the deteriorating human rights record and indeed the Breton Woods concern regarding poor fiscal management caused in main by impulsive expenditure including unbudgeted for expenditure .

Particular attention was also drawn to corrupt single sourcing utlising funds that we continue to borrow, thereby effectively printing money and in the process fuelling the dynamics that have led to the sharp decline in the value of the Kwacha.    

It must be realized that policy uncertainty in business, politics or indeed social milieu has a direct impact on perception which may lead to a “run” on the economy.  The current interminable controversies over the constitution, the unconstitutional and brutal conduct of the police against the opposition and the impunity that characterizes corruption at the highest levels of governance will naturally erode into the confidence that this country has been enjoying.

The writing on the wall has always been there.  This was reinforced by serious pastoral statements from Catholic Bishops and the Christian Council of Zambia.  The statements called for dialogue with integrity and principled governance.

We cannot continue with the sterile polemics that defy the law, common sense and national interest.

Our politic must now assume more substantive dialogue away from personalities. Political divisions based on personalities will destroy this country.

Zambians across the country voted for Mr. Sata for the vision he promised. He raised the expectation of the majority with promises of jobs and more money in the pockets.

Many Zambians regardless of tribe, creed and place in society bought into the vision that Mr. Sata promised in his speeches delivered at meetings and rallies that were held by the then opposition Patriotic Front.

Not everybody was convinced; as a result Mr. Sata won with 42percent of those who voted and only 22percent of the total registered voters. According to our system of one past the post, this was enough to secure him the Presidency.

Although serious doubts have been raised about the veracity of the election results with suggestions of serious external interference, the PF is in power on the strength of promises it made to the people of Zambia through a free and unimpeded interaction.

The Patriotic Front campaigned freely and Mr. Sata was able to crisscross the country to deliver his message of hope and deliverance to an expectant audience.

There is no reason that the Patriotic Front should now burn the bridges of democracy and indeed the Patriotic Front is duty bound to govern with circumspection, prudence and extreme stewardship to ensure that the burden of poverty is not transferred into the future through unrestrained expenditure.

Categorized | Editorial

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