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Dr. Musokotwane Tells Sichinga to shut-up, “He Is Confusing People, He Is Just An accountant”
COMMERCE Minister Robert Sichinga must shut-up and stop commenting on economic issues because he is confusing people with matters he does not understand, says Former Finance Minister Dr. Situmbeko Musokotwane. Dr. Musokotwane who is MMD presidential aspirant said Sichinga was an accountant who did not understand economic issues therefore needs to leave technocrats at Bank of Zambia (BoZ) to comment on matters relating to the rebasing of the Kwacha.
He said Sichinga was embarrassing the PF administration in the manner he had economically mishandled the issues behind rebasing of the local currency with regards to its performance against other convertible denominations. Dr. Musokotwane said Mr Sichinga was fond of giving un-researched opinions on issues he did not understand himself. “Sichinga is just an accountant, he is not an economist and it will be good for him to leave issues to do with the economy and rebasing of the Kwacha to people at the Bank of Zambia because I know that there are more capable and credible people who can authoritatively comment on such matters.” said Dr. Musokotwane.
He said Sichinga’s understanding of the rebasing of the Kwacha was a mere dream which won’t help the nation and government but confuse people because value for the currency did not come about by changing or knocking down of zeros.
Dr. Musokotwane said there was need for the nation to invest critically in the manufacturing industriy whose products would compete favorably on the international market. He observed that the continued mismanagement of communication of information being given to the public by the PF administration was a source of concern and if not checked would create an economic crisis to the nation.
Last week government said it would proceed with plans to rebase the local currency to strengthen the value to 1964 levels despite calls by some quarters to defer it to a later date. Sichinga said rebasing the Kwacha was necessary as it would lead to reduction in the cost of doing business; reduce inconvenience and risks associated with carrying large amounts of currency for transactional purposes. He said once the Kwacha was rebased, it was likely to become stronger against major convertible currencies, citing when the local unit traded at par with the British pound in 1960s. “In 1964, our Kwacha and Malawian Kwacha were at par with a (British) pound. Exactly at K2 to a pound, this is because the currency was strong,” he said. Sichinga said rebasing the Kwacha would accrue huge benefits to everyone.
Source: Zambianstar.com
Posted by
Robert
April 12, 2012 at 8:15 am
Musokotwane just be quiet
Plot oNE
April 12, 2012 at 8:25 am
Thank Dr. Musokotwane for telling this hallucinating accountant to shut up and leave economic issues to people with the competence required. even a grade 7 could tell that Bob ha s no understanding of economics.
FTJ
April 12, 2012 at 8:35 am
Musokotwane, please be informed that Sichinga is not the only accountant in Zambia. It is an insult to insinuate that Accountants do not understand a thing about economic issues. Only if you knew how wide the subjects accounting studies cover, you will realise that your statement exhibits massive ignorance. I will not say how shallow you are as an economist because I know there are more brilliant economists in Zambia who can think better than you. You are an individual failure who changed nothing for the better when you served as Finance Minister. You cant even be compared to Magande…
kaya
April 12, 2012 at 8:37 am
bafikala bamo kubebako…that is a good step.
Mulamu
April 12, 2012 at 8:38 am
Indeed Bob talks too much over things he does not understand!!!!!
FTJ
April 12, 2012 at 8:38 am
Musokotwane, please expect no votes from Zambian Accountants. Anyway, you can say anything against ‘Zambian’ Accountants – afterall they will not vote in Barotse where you will soon be deported to !!!
leon
April 12, 2012 at 8:49 am
DR MUSOKOTWANE MIGHT BE RIGHT BUT SHOULD MODERATE HIS LAUGUAGE WE ARE ALL WITH RIGHTS TO COMMENT ON OUR ECONOMY EVEN A GRADE 7 CAN COMMENT ON OUR ECONOMY,HOW MANY TIMES HAVE WE FAILED OUR ECONOMY AND YET WE HAVE ECONOMISTS.
Ichikalipa Chunfwa Imwene
April 12, 2012 at 8:55 am
I like the thinking of Bo Musokotwane. He tends to think he is the smartest Economist in the country and what ever he vomits should make sense. the Chap is as dull as the back of his head. Does he know what it takes to train an account. has he been to check their syllabubs? He is the most useless economist I have come across. I know economists are miser and can economize even on the most trivial of things, But this one is beyond that. I bet he does that even for sex.
bcd
April 12, 2012 at 8:55 am
doesn’t surprise me why all who fail to get good grades at grade 12 end up doing some shitty accounting course on Cairo road.
Dmx
April 12, 2012 at 8:59 am
**** u all incompetent economists.competent ones thumbs up!
sebele
April 12, 2012 at 9:02 am
How possible is it that our currency will be at par with major currency.We need to increase on productivity.Open Mansa batteries, we have plenty of magnese,Mulungushi textiles, we have plenty of cotton,Kapiri Glass Products, sand is available in kapiri, not to talk of pineapples in Mwinilunga
MULIYA SUSAN
April 12, 2012 at 9:05 am
Please lets look up to God for guidance, hatred will led us nowhere, we put our knees down and ask God to lead us in prayer, Insults and disgard for other’s repect wont do us any GOOD
PZE - LUNDAZI
April 12, 2012 at 9:08 am
@FTJ… Thax dear 4 a very gud advise u hav given de old man. Ur 100% corect de old man Dr Musokotwane is nt de right person 2 criticiz de current govt coz he fail 2do anything gud wen he was de controling officer of govt coffers. So wat is it dat he is going 2 say? He is a failure. Why dint MMD invest much in manufacturing dat he shud urge PF to do it now? Dr ur de waste Minister of Finance in de history of Zambia, i cant compare u 2 any 1 nt even de woman Nawakwi was far much beta dan u Doc. So u shup up first nd dnt even coment on our isues coz we wont tak u serios. Let others do de coments nt u. Who r u 2 discredit de accounting proffession inconection with ecomics? Viva Bob u tok mo sense dan de old prunderer. Dr in prunder nd coruption. Mwakota nao u kawalala agogo.
Josef P
April 12, 2012 at 9:14 am
Mind you ! whether you like it or Dr Musokotwane is one of those who taught at Unza in the department of Economics.Even by 1984 he was already a doctor. Some of you yarpping here were no where near university. He is respected among intellectual sages.LEAVE HIM ALONE. wE Know how one becomes an accountant…..Economics is only slight in their entire course.
FTJ
April 12, 2012 at 9:19 am
@bcd, I can rightly guess you have never seen the inside of a university lecture theatre. Or you would have know what you are talking about.
True bantustans:
April 12, 2012 at 9:20 am
sichinga is the worst fool, king of all foolish thinkaz, that bustad sichinga he has been given that job bcoz his son is busy faking the doughter to the president, this is the fact and its pure nepotizm, so well spoken mr musokotwane. bob is just an idyot, chao
Bana Ceasar
April 12, 2012 at 9:22 am
Politics of hatred will not take Zambia anywhere.Musokotwane plz leave Sichinga alone.Ur an economist but u failed when u were the minister of finance.Insansa kuchinjanya lekeni bambi bateke.You and your party u left the country in a mess no wonder the PF is rebbasing the kwacha.Forget about bouncing back into power
*Faustina
April 12, 2012 at 9:24 am
BOB INDEED TALK 2 MUCH. ANASHEKO BANE
Mutakila
April 12, 2012 at 9:35 am
Bob Sichinga is Like his brother in-law Michael Sata. Always talking carelessly. How can the whole Head of State start commenting on a citizen who has been burgled (I mean Nervous Mumba). He Sata is beginning to attack people. Where is justice if the Chief is being prejudicial (The case of Dora Siliya – Already guilty according to MCS)
Blair
April 12, 2012 at 9:38 am
Wasn’t Hon. Chileshe Kapwepwe, Former Deputy Minister of Finance also “just an accountant”? She did a damn good job didn’t she? I understand what he was trying to say but the way he articulated it was wrong.
pankoloko
April 12, 2012 at 9:45 am
ba Musokotwane just concentrate on defending yourself on the bicycles that you hid at your place. wats wrong with being an accountant?
Narrant
April 12, 2012 at 9:49 am
That’s the MMD presidential candidate for you- belittling others- dictatorial tendencies galore!
TruthHurts
April 12, 2012 at 9:57 am
Typical Zambian; you cannot stratify professionals and accuse someone’s opinion to be influenced by their profession. These days, its about integration or cross specialisation. Any professional that disrespects other professions commits the greatest sin of all in professional misconduct; more-so a former academic like Musokotwane. You may only question professional integrity if the decisions under discussion border on a known professional sequence that, if followed, entails good practice. For instance, I may not insult a lawyer who goes against the principle of precedence, but I would ask their justification for deciding outside a known way of deciding.
Pelekelo
April 12, 2012 at 10:02 am
@ Mutakila, What did you Nevers say when he was burgled and who did he accuse? Please reason even if you have small minds. Your Nevers Pastor accused Head of state that he sent the burglars to his home and the Head of State like any other citizen has a right to defend himself from unfounded allegations of a Pastor who up to now cant tell the Police how much was stolen from his bag. One is even left to wonder if there was even money in his bag as he claims.
musonda
April 12, 2012 at 10:15 am
Accountant to an Economist……… No ways…
An Accountant is a person who understands almost all areas of buisness and the economy… Accounts patali bane…..
peacemaker
April 12, 2012 at 10:39 am
Bob was wrong not because he is an accountant.But Musokotwane’s statement was wrongly phrased. Blame an individual and not the proffession!
Ken
April 12, 2012 at 10:45 am
The best way to challenge a point made by someone is by agueing it out. Stating facts why the other school of thought could be wrong. Dr. Musokotwane, please, if you aspire to be a republican president learn to respect others and their views. Bob didn’t shoot you by stating what he did therefore you are just an independent contributor. Do not keep so much hatred for nothing. Look, political positions are for all Zambians and cannoy last you your life time just remember that. Its very normal that you are no longer a minister of Finance and it does not take anything away from you and I am very sure you can live on and positively contribute to the nation.
Truebantu.
April 12, 2012 at 10:57 am
Re-basing the kwacha will not strengthen the currency. What will happen to its Purchasing power against other currencies.the purchasing power is the comparison of trade between economies and not who has the most Zeros.
Mengele
April 12, 2012 at 11:01 am
TruthHurts,I agree with your well thought out opinion! I mean do you need to be an Economist to understand Rebasing? For the information of all,the largest number of people on the rebasing project are not economists.They are accountants and bankers,including the chairman himself!
People should learn to separate proffesion from individual opinions.
Musokotwane is just as disappointing as Bob!
Maano
April 12, 2012 at 11:22 am
But where is ZICA in all this to defend Accountants?
Dr Musokotwane shamelessly implies that accountants are inferior to economists! Are you sure Doc?
Does the Doctor even know the curriculum of an accountant? Would the Doctor have made it as an accountant at his time as an undergraduate in Chikwakwa?
Please check the University cut-ff points, even now, for business schools as compared to the humanities and make self assessments. Hon. Sichinga’s views really are simply personal, but not representating the accounting profession. I beg to differ!
NICE SMILE
April 12, 2012 at 11:53 am
@Maano… I like that, good
YAWN!!
April 12, 2012 at 11:58 am
DEAR ACCOUNTANTS, INSTEAD OF INSULTING DR MUSOKOTWANE, YOU WILL DO YOURSELVES SOME SERVICE BY DISOWNING THE UNACCEPTABLE LEVEL OF IGNORANCE OF ECONOMICS EXHIBITED BY ONE ACCOUNTANT WHO ALSO WORKS AS CONSULTANT. IF YOUR SYLLABUS HAS REASONABLE DEPTH IN ECONOMICS HOW COME THIS ACCOUNTANT SEEMS TO SUGGEST OTHERWISE?
fube fube
April 12, 2012 at 12:00 pm
Dr musokotwane,you failed us already so just keep that old mouth of yours shut,all u were dreaming about is selling lusaka international airport .Infact mmd does nt people like u anymore,leave the presidency for young leaders like mutati and Dr mumba to contest.
SN
April 12, 2012 at 12:00 pm
Bob sichinga has got ACCA and he is a graduate from harvard university; which is amogest the well respected universities in the world not this useless university we have in zambia where musokotwane went to. musokotwane is not a match to bob
alfanet. com
April 12, 2012 at 12:27 pm
Dr Musokotwane your ignorance is both supprising and irritating. am supprised that a man who onced held the position of minister of finance does not actually understand issues in the very ministry he served.for your info accountants learn economics. am an accountant,mr musokotwane accounts is very wide than you have ever imagined. if u u think by being some economist you know so much y didnt we see that when you were minister.u r a total failure hence you r the one who shud shut up. I know rebasing the kwacha will not make the kwacha stronger. bt the way you expressed your funny opinions is wht is annoying.
Anthropologist
April 12, 2012 at 1:04 pm
Two schools of thought at work but please lets avoid discrediting each other,on the one side one is a profesional and the other an academician,lets work in harmony
ACCA
April 12, 2012 at 1:31 pm
Musokotwane the corrupt of the corrupt should Shut up. He is just an economist
ZICA MEMBER
April 12, 2012 at 1:55 pm
Musokwatwane you owe an apology to the accounting profession. No carrier is better than the the other, we complement each other. You are just an economist too.you fail to aticulate issues, all you can do is to insult.
O'g
April 12, 2012 at 2:09 pm
Accounts okay seriously patali bane! Economics aks any1 ala chikwaka!!
shi chibwe Nkoloso
April 12, 2012 at 2:19 pm
Uncle Bob may be talkative but pipo let us not be little the man, He is a genius. To stress my arguments I have a few points for those who may be belittling Bob;
1. Bob was Qualified as an accountant in 1975
2. He was among the first 5 qualified accountants in Zambia
3. He has a wonderful CV backed by main years of experince both in public and private practice.
4. He served this country has financial controller for the massive ZCCM.
Lastly, for ‘Economist’ Musokotwane to be insulting the Accountancy profession like that does he appreciate the strides that the profession has made in this country. Zambian accountants are proud and well respected throughout the world for their sharpness and professionalism. Just look at their ZICA Head office,well organised; its a leading example among the professions in the country.
May the man from the nation of barotseland shut his bick.
Twili
April 12, 2012 at 2:22 pm
Dr Situmbeko Musokotwane
Date of Birth: 25th May 1956
Place of Birth: Kalabo district Western Province
Marital Status: Married to Mate Musokotwane with two children
Personality :Honest, Humble Intelligent and Sober
Member of Parliament for Liuwa Constituency
EDUCATION
1963-1969 Kalabo Primary School
1970-1974-Hillcrest Technical Secondary School in Livingstone
1975 1979 University of Zambia Bachelors Degree in economics
1980 Masters of Arts in economics University of Dar-es-salaam
1985: Doctor of Philosophy PHD degree in economic at the University of Constance in former West German
EXPERIENCE
UNIVERSITY OF ZAMBIA 1985-1991
Lecturer in economics for both undergraduate and Masters students at the University of Zambia
BANK OF ZAMBIA 1991-1996 as;
Advisor to Bank of Zambia Governor
Head of Economics Department at Bank of Zambia
Head of Financial Markets
Deputy Governor for Bank of Zambia
zemuntu
April 12, 2012 at 2:37 pm
m an economist but at my masters degree i did financial and management accounting and i had A+ in both courses at fest attempt. i found accounts to be quite easy and boring especially looking at my indepth knowledge of mathematics.nowonder u find pipo strucggle in basic statistics
zemuntu
April 12, 2012 at 2:50 pm
Accounts is very easy no wonder u hav a lot of ZICA students engaging in porn since they rely on study packs just to pass the exam and come out quarter baked. most questions in accounts are repetition. its like O-Level exams the more you hav past papers the more easy will be the exams in the meanitime there is nothing u hav learnt,no wonder governement does nt recognise ACCA or CIMA as equivalent to a degree and the entry point in civil service is different between one with CBU’s BACC and ACCA
Webster
April 12, 2012 at 3:00 pm
@Twili you are Dr Musokotwane posting your personal cv on this site using a pseudo but why GRZ logo on your posting sir? Are you GRZ property just because you served in govt then you can MISUSE a govt propert on a web site. I call upon officers of DEC to institute an investigation on you. This website is for the public to comment on or against any issue, not to use OUR Zambian govt properties for selfish motive. Please DEC or Police investigate this man before he embarrass more of our national heritage.
Big ben
April 12, 2012 at 3:05 pm
TWILI!! If that FOOL so called DR is so learned why didnt he turn this country around and get us the development we desperately need? TELL THAT FOOL TO SHUT UP HIMSELF.
immediatley
April 12, 2012 at 3:18 pm
I like Dr Musokotwana although the statement on accountants is misplaced. He can make a good predo! He has good credentials.
mm
April 12, 2012 at 3:19 pm
TOO MANY COMMENTS, INTERESTING TO LEARN PIPOS IDEAS AND WHAT THEY KNOW ABOUT BIG PEOPLE, THIS IS REALLY FOOLOWING TRACKS WITH FULL STOPS
UKO
April 12, 2012 at 3:34 pm
With all these comments pipo have made, can someone explain for me who an economist is?
Ken
April 12, 2012 at 3:36 pm
Pipo! You can take someone away from the village, but you cannot take the village in him away.
pipo
April 12, 2012 at 3:49 pm
Musokotwane, you are educated and intelligent but not wise. How do despise masses (accountants) in public, just the other day you passionately preached regional politics and you think you can be president. Wisen-up Doc.