"Zimbabwe Won't Make It To 2016," says Former Finance Minister

Zimbabwe's former finance minister Tendai Biti has reportedly said that President Robert Mugabe’s regime will not be able to manage the country’s current economic turmoil beyond the next four months.

A wave of job losses has rocked the nation, where more than 20,000 Zimbabweans from both the private sector and state-owned firms have been fired, following a Supreme Court ruling on July 17 that employers did not need to pay redundancy packages and could give employees just three months' notice. This led to renewed anger against the regime, which promised at least 2.2 million jobs during its election campaign in 2013.

In a bid to cool the turbulence, the government on Friday published a bill seeking to amend the labour law to force employers to pay severance packages to workers fired after the court ruling, and set tougher conditions for future dismissals.

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