Talking of incompetence. Alexander Chikwanda recently said, “Yes there is a budget deficit but deficits are normal. It happens everywhere and there is nothing strange about it but what it is important is the measures that the treasury will devise to cut the deficit” Deficits are certainly normal. What is not normal is increasing your deficit from 4.3% of GDP to more than double. Effectively leaving a huge spending gap that can only be financed by more borrowing or heftier taxes. It is also not normal to create such a deficit by a unnecessary wage increases that previous Finance Ministers rightly rejected because they understood the economics of running a country.
Energy Minister Chris Yaluma recently claimed that ZESCO has been totally transformed : "The ZESCO of about nine months ago is totally different from the ZESCO is see today...Clearly the ZESCO of today is far much better than the ZESCO we had before. We have a focused management team and the fruits are beginning to show. The ZESCO I see today has totally changed in terms of customer service....You know the biggest problem [is that] you never know what ZESCO is doing until when you have load shedding but I know that these guys are busy planning on how to serve you better....ZESCO has ambitious programme, a basket of things, approved and not just a basket of wish list but approved projects to improve electricity supply.." Needless to say that shocked and annoyed many of our Facebook readers!