Prophet Magaya Predicts More Economic Woes for Zimbabwe

Prophet Magaya Predicts More Economic Woes for Zimbabwe
Published: 2016 May 27 08:35:15 (2264 Views)
Prophetic Healing and Deliverance (PHD) Ministries leader Walter Magaya has warned that Zimbabwe’s economy is doomed unless “qualified and dedicated” people were urgently appointed to steer the economy and revive the fortunes of the country.

Responding to questions from journalists during his midweek church service, Magaya said radical changes were needed to avert a worsening economic crisis in the next five years.

“If we do not quickly call upon those with better minds to assist and create good policies and measures of enhancing the economy and continue in the same way we are today, for sure we will go into the red,” he said.

“But, as a prophet, where we are as Zimbabwe? What we have as Zimbabwe can give us a chance to have a transformation within six months.”

Magaya also disclosed meeting Reserve Bank of Zimbabwe governor John Mangudya on Tuesday to offer his spiritual advice following the announcement that government would soon introduce $200 million worth of bond notes to alleviate the current cash crunch.

The PHD Ministries leader said agriculture and mining should be the cornerstone of the economy, urging government to re-look at the people who benefited from the land reform programme.

“We need to go back to the drawing board in terms of farms and see those who are serious and make them partner with other serious organisations to resuscitate the aspect of farming,” he said.

“This can be done if we look at it seriously. In Zambia, there are 23/24 farmers who are supplying food to the whole country. We need to think about ways of making our farms go back to their original place of producing more than what we are doing right now.”

Magaya said government must plug financial leakages and promote local production as reliance on imports was causing cash shortages in the country.

“It has been proved that some of the farmers have failed us. When I met the governor, I told him banks should not give loans to farmers, but they must partner them. Because if you give loans, the first thing they do is to build a house in Borrowdale. They want to do business with change, it’s very bad,” he said.

Magaya, who commands a huge following in the Pentecostal movement, said Zimbabweans needed to sacrifice and dedicate their lives to improve the well-being of the country through honest and corrupt-free activities.

He challenged President Robert Mugabe to deal with corruption, saying: “I am 500% sure that my President is not corrupt.

“He (Mugabe) is the one who is able to deal with corruption. He must create a strong system which must deal with corruption.”

Magaya said after engaging Mangudya, he was of the belief that government made an error in the manner it announced the introduction of the bond notes as it caused panic in the economy.

“I had a privilege of meeting the Reserve Bank governor for almost three hours. What I will say now is that the issue of bond notes is scaring people and what is in the minds of the people is not the intentions of the governor. Everyone thinks that bond notes are there to substitute the United States dollars or to cater for the cash crisis. I strongly believe that this is not a political issue, but a monetary issue,” he said.

“So, my best comment is that they introduced it in a wrong way. Because, according to my understanding, after the meeting with the governor, bond notes are like a coupon to say thank you for exporting. They should not make the issue political, and the governor has to clarify to the people and not allow politicians to lead the way.”

- Daily News
Tags: Magaya, Mangudya, RBZ, ,

You May Like These Videos


| Comment With Facebook Submit

There are no comments.

Big Reads

Pictures show fuel tankers offloading fuel in the bush

by Moses Zhou | 2019 August 13 07:53:37

Schoolgirl drops out after continuous 'sexual abuse' by teacher

by Staff Reporter | 2019 August 13 07:42:33

Bulawayo prostitutes dollarise

by Staff Reporter | 2018 December 01 00:43:29

DRAMA as mourners fight over deceased loan sharks' loot

by B-Metro | 2018 November 30 23:35:19

'Tsvangirai's ex' on police wanted list

by B-Metro | 2018 October 19 12:39:23

Dumped man glasses wife's face with broken beer bottle

by Staff Writer | 2018 October 19 12:32:05

Zimbabwe prostitutes hike prices

by Zimbabwe prostitutes hike prices | 2018 October 18 17:13:08

Pastor shocks female congregant with new panties

by Metro Writer | 2017 March 28 10:50:44

Harare man steals 10kg mealie meal from neighbour

by Court Reporter | 2017 March 28 07:56:29

Four company directors die in Vumba Mountain plane crash

by Staff Writer | 2017 March 28 07:38:59

Man with 'deformed' body bashes parents

by Staff Writer | 2017 March 24 09:48:46

Mugabe Knows Nothing About The Zimbabwe Constitution: MP

by Staff Reporter | 2016 October 01 08:12:02

Troubled Harare Giants Dynamos Falls Into Another Deep Crisis

by Own Correspondent | 2016 October 01 07:49:17

Shock As Local Bank Denies 'Rich' Mugabe's Son Heifty Credit

by Own Correspondent | 2016 September 30 19:14:54

Mugabe "Home Coming" And "Thank You" Rally On Cards

by Own Correspondent | 2016 September 23 06:48:24

Prof Moyo Was Dumped By Western Embassies, Claims Mutsvangwa

by Staff Reporter | 2016 September 22 10:08:07

Prof Jonathan Moyo In Fresh Beef With War Vets

by Own Correspondent | 2016 September 22 07:48:10

You Are Too Old To Lead, Aging Zim President Mugabe Told

by Own Correspondent | 2016 September 22 07:19:25

Younger Lover Beats Up Sugar Mama For Cheating

by Own Correspondent | 2016 September 20 03:21:43

Anti-Corruption Commission Loses Property In Failed Probe

by Own Correspondent | 2016 September 20 03:18:19

Mutsvangwa's Son Caught Up In Rape Case

by Own Correspondent | 2016 September 20 01:24:00


by Sports Correspondent | 2016 September 20 01:21:33

Victims Involved In Horror Crash Named

by Own Correspondent | 2016 September 20 01:16:09

Man Kills Uncle For Taking Him To Prophet

by Own Correspondent | 2016 September 20 01:11:08

Mphoko Threatens Zimra Over Irregular Taxes

by Own Correspondent | 2016 September 20 01:07:44

China Pours $46m On New Parliament Construction

by Own Correspondent | 2016 September 20 01:05:11

SHOCKING:14 Year Old HIV-Positive Boy Rapes 7 Pupils

by Own Correspondent | 2016 September 20 00:04:55

Tajamuka Slams Zimpapers, Fumes Over

by Own Correspondent | 2016 September 19 11:56:42

Mthwakazi Activists Torment Mujuru

by News Editor | 2016 September 19 10:52:58

We Did Not Fire Live Bullets: Police

by Staff Reporter | 2016 September 19 08:09:20

Ruling On 58 Protesters Expected Today 

by Court Reporter | 2016 September 19 08:10:40

6 Zanu PF Youths Nabbed For Assaulting Cops

by Court Reporter | 2016 September 19 08:11:50

Mutare Con-artist Cracks Zanu PF

by Own Correspondent | 2016 September 19 08:13:32

MSU Student Caught Peddling Drugs Tor Tuition Fees

by Own Correspondent | 2016 September 19 05:29:18

ZIMRA Dishes Out Rewards To Faithful Tax Payers

by Own Correspondent | 2016 September 19 05:24:19

Headmaster ‘Steals’ $17 000 From School's Fees

by Own Correspondent | 2016 September 19 05:21:24

Mujuru Party Fails To Pay $15 000 For Printed T-shirts

by Own Correspondent | 2016 September 19 05:14:37