Share

'Solve cash problems first before inviting Zimbabweans back home,' Mnangagwa told

A South African based think tank, the Institute for Security Studies (ISS), believes that the recent call by the Zimbabwean government, urging those who fled the country to return home was a step in the right direction, but it warned that the country needed to deal with its cash shortages first.

In an interview with News24, ISS senior researcher, Derek Matyszak, said that the country was in need of serious investments.  

"The market is pretty open, the problem is finding investments that produce saleable commodities and are not just infrastructure projects. And when a company sells the produce how does it get its money out of the country when there are too few US dollars in the system and people are being paid in cyber money?, that is the question that is worrisome," said Matyszak.

Zimbabwe's consul general Henry Mukonoweshuro told expatriates recently that they should return to Zimbabwe and help the new dispensation in rebuilding the country.

Mukonoweshuro said this while speaking at the Zimbabwe Achievers Awards ceremony in Johannesburg.

Mukonoweshuro appealed to Zimbabweans based in South Africa to seriously consider moving back and investing in their motherland, which was now under a new dispensation led by President Emmerson Mnangagwa.

Few jobs and no infrastructure

"As we meet today, in the new dispensation as we called it since last November, the government of Zimbabwe is very proud. We, as the representatives of the government of Zimbabwe are very proud to say as you toil, as you make names in these foreign lands, you should now start looking north of the Limpopo (River). As the president (Mnangagwa) always says, his mantra - Zimbabwe is now open for business," said Mukonoweshuro.

Matyszak warned that it would be premature to call Zimbabweans back home, as there were a few jobs and no infrastructure in the southern African country right now. 

According to Africa Check, the numbers of Zimbabwean nationals who were in the country could not be substantiated and the available data was unreliable.

But, according to a report published on SW Radio Africa's website in 2013, it was believed that  between two and three million Zimbabweans were living and working in South Africa.

"There is no point in heeding the call to come home, until there are jobs. Jobs first, return second...people returning without jobs will cause social unrest," said Matyszak.

* Sign up to News24's top Africa news in your inbox: SUBSCRIBE TO THE HELLO AFRICA NEWSLETTER

He also maintained that even those who were returning with intentions to invest in the country, could also face challenges due to the country's cash shortages.

"Investors won't come until they know that there are enough US dollars in the system for them to get their money, but there will not be enough US dollars in the system until investors come and start generating it," said Matyszak.

FOLLOW News24 Africa on Twitter and Facebook.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Voting Booth
Are you among the many South Africans who've added more tinned fish to their grocery baskets?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, pilchards is the new chicken
41% - 491 votes
No, I can't stand canned foods
59% - 711 votes
Vote
Rand - Dollar
18.56
-0.3%
Rand - Pound
23.20
-0.2%
Rand - Euro
19.95
-0.2%
Rand - Aus dollar
12.21
+0.1%
Rand - Yen
0.12
+0.3%
Platinum
977.80
-0.1%
Palladium
956.15
-1.8%
Gold
2,315.19
+0.1%
Silver
27.37
+0.4%
Brent Crude
83.16
-0.2%
Top 40
70,939
+0.2%
All Share
77,177
+0.3%
Resource 10
60,903
-0.2%
Industrial 25
107,610
+0.4%
Financial 15
16,775
+0.4%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE