Breaking News

'Zimbabwe has more than $217,' says Biti

by Staff reporter
31 January 2013 | 3752 Views
FINANCE Minister Tendai Biti was furiously backpedalling on Wednesday, a day after telling reporters that Zimbabwe was a virtual pauper with US$217 in the bank.

The MDC-T secretary general accused journalists of being "mischievous and malicious" and quoting him out of context after he took the unprecedented step of revealing the country’s bank balance.

Biti spoke to South African television and BBC radio on Wednesday after Zimbabwe's apparent bankruptcy made headlines around the world.

"You journalists are mischievous and malicious - the point I was making was that the Zimbabwean government doesn't have the funds to finance the election, to finance the referendum," Biti told the BBC.

"To dramatise the point, I simply made a passing reference metaphorically that when we paid civil servants last week on Thursday, we were left with US$217, but the following day we had US$30 million in our account."

Biti later told CNBC Africa that "all I said is that Zimbabwe doesn't have money to fund the referendum and election", adding: "The strain of having a referendum and an election in the space of six months is too much for any budget. So we need help from the international community. That is the point I was simply making."

Zimbabweans took to social networks to criticise Biti for allegedly exposing the country to international ridicule.

But worse attacks came at home from Zanu-PF, which accused the minister of "recklessness", warning that his comments could cause "alarm and despondency".

Biti and Justice Minister Patrick Chinamasa lead a Cabinet task team assigned to raise US$220 million for a referendum on a new constitution and elections.




Biti expects most of the money to come from international donors, but he insists it should not come with strings attached.

"As a principle, there should be no political strings attached to a donation. The only people to choose the political agenda of Zimbabwe should be the people of Zimbabwe," he said.

Biti

Source: news

Will Grace succeed Robert Mugabe?

Yes
22.22%
No
77.78%
Not sure
0%
9

Comments

News Updates

Email:

Latest News

Tribalism storm hits Chronicle

by Moyo Roy | 27 July 2014 | 5063 Views

Wife of Cameroon's vice prime minister kidnapped by Boko Haram - Three...

by Staff Reporter | 27 July 2014 | 3425 Views

This and that with Mal'phosa - Izali Beula i-Sewula

by Clerk Ndlovu | 27 July 2014 | 1322 Views

Sunday women matters with Blondie - Thought for that toiling Zimbabwean woman

by Lorraine Blondie Sibanda | 27 July 2014 | 1111 Views

Water crisis hits Kamativi - WhatsApp update

by WhatsApp update | 27 July 2014 | 883 Views

Two die in horrific accident - WhatsApp update

by Concerned Citizen | 27 July 2014 | 3195 Views

Zim political violence re-surfaces, property worth $2000 burnt - A Zan...

by Staff reporter | 27 July 2014 | 2419 Views

Man smashes baby to death on a rock, escapes jail - A ZIMUNYA man who ...

by Staff reporter | 27 July 2014 | 1586 Views

Grace Mugabe attacks Tendai Biti - PRESIDENT Robert Mugabe's wife, Gra...

by Staff reporter | 27 July 2014 | 3826 Views

Man goes to hospital for circumcision, wakes up with no penis - An Ala...

by Staff reporter | 27 July 2014 | 3279 Views

I will not concede defeat to Mugabe - Tsvangirai

by Staff Reporter | 27 July 2014 | 2588 Views

Will Grace succeed Robert Mugabe? - First Lady Grace Mugabe's formal e...

by Staff reporter | 27 July 2014 | 2246 Views

Chinotimba named legislator of the month - A weekend newspaper has...

by Staff reporter | 27 July 2014 | 1195 Views

'Let's talk,' Tsvangirai begs Mugabe - MDC-T leader Morgan Tsvangirai ...

by Staff reporter | 27 July 2014 | 2456 Views

Grace Mugabe's appointment sends major shockwaves in Zanu-PF - First L...

by Patrice Makova and Moses Matenga | 27 July 2014 | 2876 Views

Mugabe sanctions to be reviewed in February next year - The European U...

by Staff reporter | 27 July 2014 | 801 Views

Zimbabwe workers brace for mass street protests - The Zimbabwe Congres...

by Staff reporter | 27 July 2014 | 1960 Views

Govt admits failing to provide funds for vital drugs

by Staff Reporter | 27 July 2014 | 553 Views

Bosso and others move to Hartsfield Rugby Ground - BULAWAYO football f...

by Ngqwele Dube | 27 July 2014 | 1714 Views

Public smokers face $500 fine or 6 months jail term - MINISTRY of Heal...

by Staff reporter | 27 July 2014 | 1643 Views

Zim hospitals fail to pay for contraceptives - GOVERNMENT health insti...

by Staff reporter | 27 July 2014 | 514 Views

Mugabe 'okayed' Jonathan Moyo's interrogation by cops

by Staff Reporter | 27 July 2014 | 2280 Views

Man kills cousin over amacimbi and isitshwala supper

by Thulani Ndlovu | 27 July 2014 | 1242 Views

Over 100 school girls fall pregnant

by Staff Reporter | 27 July 2014 | 1346 Views

School bars pupils from taking mid-term exams over school fees

by Ngonidzashe Chiutsi | 27 July 2014 | 955 Views

Malema in bid to shut down businesses in Johannesburg

by Staff Reporter | 27 July 2014 | 2000 Views

Ministry of Mines double pegging claims

by Staff Reporter | 27 July 2014 | 768 Views

Woman (30) buries newborn baby alive

by Sukulwenkosi Dube | 27 July 2014 | 1412 Views

Entertainment

Gospel singer wants prostitution to be legalised - Controversial gospe...

by Staff reporter | 27 July 2014 | 1801 Views

Zimbabwean boy revels in Soul Brothers music

by Lovemore Dube | 26 July 2014 | 5224 Views

Carl Joshua Ncube to tour with brand new material - The brand new stan...

by Staff Reporter | 24 July 2014 | 872 Views

Macheso gears up for UK tours - In an apparent joint preparation for t...

by Entertainment reporters | 23 July 2014 | 1705 Views

DJ Munya is back - After a two-year hiatus, DJ Munya - real name Munya...

by Entertainment Reporter | 23 July 2014 | 2950 Views

White guy plays chitekete - https://www.youtube.com/watch?v=kp16XF-Tcf...

by Staff Reporter | 23 July 2014 | 4795 Views

Beyonce and Jay Z to separate - claims - Jay Z and Beyonce are reporte...

by Staff reporter | 22 July 2014 | 3977 Views