Cash Crisis Hinder Back to School Preps

Ordinary Level students from Bradley High School have time to read and chat while waiting to board the bus back to school from Harare yesterday - Picture by Kudakwashe Hunda

The current cash crunch hitting Zimbabwe has severely affected parents’ back to school preparations, a snap survey by 263 Chat has revealed.

Parents said they could not access funds from the banks in time and that has resulted in them sending children back to school without adequate resources.

“We are faced with the challenge of accessing cash from banks. After countless efforts to withdraw money from banks, I could not get enough money to have a proper preparation for my child. Banks do not have adequate cash and our kids are going to have a tough time during this first term as they do not have enough resources,” said an unidentified parent accompanying her son.

Her sentiments were echoed by another parent, whose daughter is starting form one.

“Right now, my daughter does not have the adequate school uniform because I could not get cash on time. Most of these shops do not have Point Of Sale machines and they do not offer Ecocash facilities, which made it difficult for some of us to buy anything as we did not have cash to make purchases,” she said while adding that she hopes that despite the financial hiccups, her child will do well.

Another parent identified as Mr. Matika said although he could access a bit of cash from the banks, the problem is with the school as he said it was not accepting money transfers but cash payment for school fees.

“The money I withdrew from the bank is not enough for me to pay my child’s school fees and its very unfortunate that the school is not accepting Ecocash neither are they allowing us to swipe, so it’s a really tight situation for us as parents,” he said.

Some questioned the bond notes, introduced by the Reserve Bank of Zimbabwe as a short term measure to ease the cash crisis.

“We thought the bond notes would ease the liquidity crunch but we are yet to see their impact on the economy as we still had to queue all day long to get cash from banks. I don’t know where the money is going,  we were told $75 million had been injection into the system. We need to see the impact of these notes as soon as possible,”

The RBZ announced recently that about $75 million worth of bond notes has been released into the market as the Central bank makes stringent efforts to resuscitate the ailing economy.

With many parents failing to access cash and many schools not accepting electronic payment of school fees, it remains to be seen if children will be sent back home as has become the norm in recent past. – 263Chat

Related Posts
Zuma asks ministries to deal with South Africa university ‘mayhem’
JOHANNESBURG (Reuters) - South Africa's President Jacob Zuma has instructed his justice and crime prevention ministries to deal with the violence during student protests over tuition fees at universities, a ...
READ MORE
African universities must reject ‘flawed and defective’ rankings
Nearly 10 years ago I confronted an expert about what she claimed was an "African phenomenon" in higher education. She was reluctant to provide me with the raw data upon ...
READ MORE
Zanu PF brawl reaches varsity as part-time law degree faces the chop
Zanu PF’s deadly factional and succession wars have now reached the shores of the country’s institutions of higher learning, amid claims that the party faction rallying behind Vice President Emmerson ...
READ MORE
ZINASU Attacks College Authorities for ‘Funding’ Mugabe Birthday Party
CHINHOYI—The Zimbabwe National Students' Union or ZINASU has attacked university authorities countrywide for allegedly funding President Robert Mugabe’s $800,000 birthday bash at the expense of students education. An Irate ZINASU national ...
READ MORE
Polytechnics, colleges to issue degrees
Plans to transform teachers colleges and polytechnics into degree awarding institutions have gone a notch up with Higher and Tertiary Education, Science and Technology Development Minister Professor Jonathan Moyo appointing ...
READ MORE
Moyo’s no maths, science, no degree cry stirs hornet’s nest
HIGHER and Tertiary Education minister Jonathan Moyo has stirred a hornet’s nest by declaring that secondary school students who fail maths and science will not be allowed to enrol at ...
READ MORE
Moyo demoted to Higher Education Ministry
HARARE – President Robert Mugabe has demoted his motor mouth Information Minister Professor Jonathan Moyo and given him the less influential cabinet posting of Higher and Tertiary education. For the past ...
READ MORE
June A Level results out
HARARE - Results-day figures show once again that high school students have excelled in their A-level exams. Results released yesterday show continued improvement in academic qualifications from last year. Figures showed the ...
READ MORE
Zimbabwe University Students Produce Crafty Scientific Innovations
HARARE—It's that time of the year when university students showcase their inventions which can translate into money-spinning projects. But some final year students who are exhibiting their work to the public ...
READ MORE
‘Don’t give condoms to pupils’
Health minister David Parirenyatwa has said it is not yet time to provide condoms in schools but strengthen sex education. This comes as adolescents have become a key population in the ...
READ MORE
Zuma asks ministries to deal with South Africa
African universities must reject ‘flawed and defective’ rankings
Zanu PF brawl reaches varsity as part-time law
ZINASU Attacks College Authorities for ‘Funding’ Mugabe Birthday
Polytechnics, colleges to issue degrees
Moyo’s no maths, science, no degree cry stirs
Moyo demoted to Higher Education Ministry
June A Level results out
Zimbabwe University Students Produce Crafty Scientific Innovations
‘Don’t give condoms to pupils’

Arts & Entertainment

Arts & Entertainment

TLC to release first album without late Lisa ‘Left Eye’ Lopes

28th February 2017 Staff Reporter 0

Fans of TLC will rejoice to hear that the r’n’b ’90s much-loved girl group are due to unveil their long-awaited final album this summer. The manager of surviving members Rozonda ‘Chilli’ Thomas and Tionne ‘T-Boz’ […]