Zimbabwe’s Finance Minister, Mthuli Ncube, faces mounting criticism over his economic policies, with some branding him a “sellout” whose decisions are eroding public trust in President Emmerson Mnangagwa’s administration.
Prominent lawyer Tino Chinyoka, known for representing both President Mnangagwa and his son, Deputy Finance Minister Kudakwashe David Mnangagwa, has issued a stark warning: Ncube’s policies are stoking public anger and could lead to mass unrest.
In a scathing social media post, Chinyoka accused Ncube of intentionally steering Zimbabwe toward economic turmoil, suggesting his actions could provoke “Chimurenga III” a third major uprising. He described Ncube’s economic strategies as reckless, arguing that they have deepened the nation’s financial woes since his appointment over five years ago.
“It is painful to see the President and Zanu PF sleepwalking into a catastrophe because faith was deposited and kept for too long in that snake oil salesman: Mthuli Ncube,” Chinyoka wrote.
Among his key grievances, Chinyoka highlighted the controversial compensation of white farmers, the excessive use of statutory instruments, and the repeated collapse of the local currency. He warned that certain tax measures, such as the taxation of livestock, could spark an uprising reminiscent of past resistance movements against colonial taxation.
Chinyoka argued that Ncube’s fiscal maneuvers, particularly the implementation of statutory instruments, have not only fueled economic instability but also violated constitutional principles. He cited examples such as the retroactive Capital Gains Tax and the “deemed smuggled” law, which effectively presumes guilt until innocence is proven.
“The sheer volume of statutory instruments Mthuli uses to circumvent parliamentary processes shows a lack of stability. Every unpopular decision redirects the public’s anger not at the professor himself but at the President,” Chinyoka noted.
ALSO READ: Minister Ncube Outlines 2025 Budget to Balance Economy Amid Challenges
He also criticized the impact of these policies on ordinary citizens, particularly those who have diligently followed legal guidelines but found themselves penalized retroactively.
Chinyoka questioned whether Ncube’s controversial policies are part of a deliberate strategy to destabilize the government while securing his future outside Zimbabwe. He suggested that the Finance Minister may be positioning himself for an international role, given his frequent appearances at global economic forums.
“Professor Mthuli is not stupid. He knows exactly what his policies are doing. The question we must ask is whether this destruction is intentional,” Chinyoka remarked.
His comments have ignited debate, with some blaming the entire government rather than singling out Ncube. “Whatever Mthuli Ncube comes up with, it’s both approved by the cabinet and the president. Therefore, it’s not about Mthuli, but it’s squarely on the government of President Mnangagwa,” tweeted user SKS SPOX.
However, others defended Ncube, arguing that his policies, though painful, are necessary for long-term economic reform.
Chinyoka warned that Zimbabwe’s citizens are reaching a breaking point, with economic hardships fueling discontent. He noted that, despite government efforts to maintain control, frustration continues to build, potentially leading to large-scale protests.
“People’s anger can only be contained for so long. You can feel the tension bubbling under the surface. If a revolt happens, the reason will be clear: people are fed up with Mthuli’s economics,” he wrote.
Additionally, he criticized Ncube’s focus on international engagements like the Davos Forum, implying that the minister is more invested in securing a global reputation than addressing domestic economic challenges.
“The guy lost a local currency not once but twice. And when given a global stage to highlight his achievements, he chooses to talk about sugar taxes. It feels like he’s auditioning for a job elsewhere, not here,” Chinyoka concluded.
