I REFER to your editor’s memo “Overwhelming?”, (Zimbabwe Independent, September 24) and could not agree more with you.
Homelink is a celebration of the brain drai
n. No matter what spin government puts on it or what efforts it makes to talk it up, Homelink is a manifestation of misgovernance over the last five years.
Reserve Bank of Zimbabwe governor Gideon Gono should have taken the trouble to carry out some research on the lives of Zimbabweans in the diaspora.
If he had talked to me, for instance, I would have advised him that I am battling to send US$100 per month to my family in Zimbabwe. I have in the UK commitments on rent, food, transport, heating and clothing among others.
My salary can barely cover these commitments. I need to hold a second job to be able to send US$100 a month back home which I cannot for a long period of time due to fatigue.
I am typical of most people in the diaspora – ordinary folk without proper papers so Mr Governor dream on.
Those holding professional jobs will not invest in Zimbabwe. One would need his head to be examined to invest meaningful amounts of money in a soft currency country.
The currency will depreciate much faster than the appreciation of any investment. If you then add exchange control regulations, there is no incentive to invest.
US$36 million over the last six months is an average of US$6 million per month compared to the US$200 million that was being talked about.
The governor must just admit that this has been an unmitigated disaster. It would be interesting to find out how much it cost the Homelink team to gallivant in the UK, USA and South Africa.
Travelling first class, staying in five-star hotels and the per diems must have cost a fortune.
Please give us a cost/benefit analysis, Mr Governor.