Magaya meets Mangudya over bond notes


HARARE – Prophetic Healing and Deliverance (PHD) Ministries leader Walter Magaya on Tuesday met Reserve Bank (RBZ) of Zimbabwe Governor John Mangudya over the contentious introduction of bond notes — and got assurances that the introduction could be the solution to the present cash crisis.

Magaya revealed the development on Wednesday evening during a church service in Harare.


The local televangelist, who claims Nigerian preacher Temitope Balogun Joshua — popularly known as TB Joshua — is his spiritual father, said his encounter with RBZ boss totally convinced him to back the controversial bond notes.

“After speaking to the governor, I realised that the notes are a step in the right direction, only that they were not properly presented to the people. Bond notes are coming in as a coupon, or tokens of appreciation.

“Government should go back to the people, properly explain what the bond notes are and how they are going to help the nation.

“I feel that they are the solution and they will help ease the situation. They should again engage the media and have the message out there on what the bond notes are about.

“What is on people’s minds is not what God wants to implement in the country,” said Magaya.

Magaya went on to say that all is not yet lost in the country, despite the many trials and tribulations that Zimbabweans are going through under Zanu PF’s rule.

“I am 500 percent sure that my president (Robert Mugabe) is not corrupt. There is need for the leaders to implement well national policies such as Indigenisation and stop leakages.

“If all is well embraced, we need less than six months to revive this country’s economy.”

The PHD leader said Zimbabweans must strive to increase production and manufacturing so as to get the much needed foreign currency.

“As a country, we must try to promote local products such that money will circulate among ourselves, locally.

“The Chinese sell their products here and enjoy the profits (money) in their country of origins and as a result we will end up experiencing cash shortages here.”

He also urged the government to carry out a land audit on resettled farms so as to weed out multiple and absentee owners.

“I heard that the maize (150 000 tonnes) we are currently feeding on was produced by one farmer, so you can imagine what would happen if we had six competent farmers.

“Most of the competent farmers who left the country are doing well in Zambia where we are importing maize from, hence I urge the government to carry out land audit and take necessary measures on those who are not productive.

“In fact, I encourage banks not to give loans to the farmers.

“They should instead partner them in farming so that the money is not used for other purposes.

“A person is given money for farming and goes on to build a house in Borrowdale, then use the change to farm. It is not proper.

“It is a pity that the majority of land reform beneficiaries are now engaging in fuel dealings . . . instead of using the fuel to develop their farms,” he said.


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