No solution in sight for Zimbabwe cabinet impasse

HARARE – There appears to be no immediate solution to the impasse in Zimbabwe's cabinet sharing talks. This is despite media reports suggesting that Zanu PF leader Robert Mugabe may be willing to concede to Movement for Democratic Change (MDC) demands for the key Ministry of Finance.

Mugabe is, however, reportedly reluctant to compromise on three other strategic ministries. This comes as Zimbabweans are getting increasingly impatient.

On his return from the U.N Assembly in New York on Tuesday, Robert Mugabe promised that a cabinet would be ready by the end of the week.

As far as money matters go, there is even more confusion if not chaos after the central bank stopped electronic transfers. This occurred after the currency crashed to a new record low.

The system became a popular way of payment as its exchange rate was far more rewarding compared with the cash rate. It’s unclear how the latest move by the central bank will impact on skyrocketing prices.

Meanwhile Thabo Mbeki has agreed to stay on as mediator in Zimbabwe’s power-sharing talks despite being ousted as South African president, his spokesman said on Friday.

"He will resume as soon as it is practically possible," Mukoni Ratshitanga told Reuters. Zimbabwe’s opposition MDC has said only mediation can break a deadlock in talks on forming a cabinet.