President Mugabe hits out at devaluation advocates

- Central Banking staff
- 29 Jul 2002

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ZIMBABWE - President Robert Mugabe publicly hit out at his Finance Minister Simba Makoni last week, branding him an economic saboteur. He also contradicted Reserve Bank of Zimbabwe governor Leonard Tsumba as cracks within the government widened.

Analysts said the unprecedented name-calling and bickering signified desperation within the government. It was also the clearest sign yet that the 22-year-old regime did not have a solution to the raging economic, social and political crisis engulfing the

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