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Inflation
and economic issues
Media
Monitoring Project Zimbabwe (MMPZ)
Weekly Media Update 2005-22
Monday
June 13th – Sunday June 19th 2005
THE official
media’s preoccupation with portraying government in a good light
was not confined to Operation Murambatsvina as symptoms of
further economic decline did not get due prominence in the 42 stories
that they carried on the matter (ZBH 27 and government papers 15).
These media’s
reluctance to fully discuss the causes of the continued economic
meltdown was reflected by the manner in which their stories glossed
over Zimbabwe’s highly inflationary environment characterised by
crippling fuel shortages.
For instance,
the government Press – which carried seven stories on these issues
– failed to view these problems as indicative of the general economic
decline as illustrated by The Herald and Chronicle (15/6),
which simply attributed the rise in inflation from 129,1% in April
to 144,4% in May to "surprise price increases effected by retailers
and manufacturers in the post-election period".
In fact, The
Herald (16/6) even saw conspiracies behind the rise in inflation,
opining that it was a consequence of "the haphazard price
increases by retailers and manufacturers", driven by
other "motives" aimed at "derailing
the economic turnaround programme".
To reinforce
the notion that commodity shortages were artificial, the Chronicle
(14/6) gave the impression that the on-going Murambatsvina
had resulted in most basic commodities emerging on supermarket shelves
"as people operating the black market turn away from
illegal dealings".
While ZIMPAPERS
blamed the commodity price increases on the alleged machinations
of the business community, they justified the hike in the selling
price of their newspapers saying this was due to the increase in
"production costs and raw materials".
ZBH did no fare
any better. ZTV (14/6,8pm) also announced the increase in inflation
that the Central Statistics Office attributed "to the
rise in food prices", but carried no analysis on the
development or reasons for the hikes as is its custom when the rate
of inflation falls. Rather, Power FM and Radio Zimbabwe (17/6, 1pm)
merely reported the RBZ governor’s assurance that "Zimbabweans
have been assured that the recent rise in inflation will be arrested
by year end."
It was not clear
how the governor would do this.
The official
media’s superficial handling of the topic also manifested itself
in the way they largely paid lip service to the scale of fuel shortages.
The closest The Herald (18/6) came to addressing the matter
was when it unquestioningly reported Energy Minister Mike Nyambuya
saying his ministry would present to Parliament the Petroleum Bill,
which is meant to regulate the oil industry, as part of government’s
short-term measures aimed at ensuring adequate fuel supplies.
There was no
detail about the Bill or exactly how it would resolve the crisis.
Further, despite
revealing that the shortage was partly due to the rise in international
oil prices, which had resulted in the country "receiving
less fuel than it used to buy", the paper failed to
challenge the authorities on why they had not adjusted their pricing
too.
Rather, the
paper drifted into its typical blame-game and seemed to attribute
the shortages to the "fuel industry" that
was diverting "the product onto the parallel market".
This vague and
intimidating reporting reflected comments from Energy and Power
Development Minister Mike Nyambuya who declared that "his
ministry and law enforcement agents will intensify monitoring and
inspection of the fuel supply system to ensure equitable distribution…"(ZTV,
17/6,8pm; Power FM and Radio Zimbabwe, 18/6,1pm).
The report did
not question how much fuel government was importing, if any.
The official
media’s professional ineptitude in handling the topic was illustrated
by their reliance on official comment as shown on Fig 4.
Fig. 1 Public
Press voice distribution
|
Alternative
|
Govt.
|
Ordinary
people
|
Police
|
Professional
|
Business
|
Unnamed
|
Lawyer/Judiciary
|
|
2
|
10
|
1
|
3
|
1
|
3
|
2
|
1
|
Notably, alternative
and business voices that were quoted echoed official views. The
papers also carried four editorials that approved of government’s
economic policies.
In contrast,
the private Press was analytical in its 23 stories on inflation,
price increases and other economic issues although Studio 7 inexplicably
ignored these issues altogether. For instance, The Standard, which
related the increase in inflation to the country’s poor economic
performance, quoted analysts as having said the recent hike in inflation
had sounded a "death knell" to government’s economic turnaround
efforts.
The paper quoted
economist Tony Hawkins actually projecting a further increase in
inflation saying the imminent hikes in electricity tariffs and fuel
prices will "fuel the rampaging inflation scourge".
The paper also
claimed that the country’s economic woes were set to worsen following
the printing of money by government to "finance an overshooting
Budget deficit after failing to extract about $6 trillion dollars
from local credit markets".
The report was
part of the 11 stories that the private papers carried on commodity
shortages and price increases, all attributed to government’s failed
economic policies.
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