Tuesday, July 17, 2018
Chris Chenga Have Chinamasa and Mangudya been saying the right things to the market? The fiscal and monetary chiefs of our economy have recently both been at the receiving end of critical perspectives. The criticism against Finance Minister Chinamasa has largely flowed from recently published World Bank and IMF economic reports warning...
Albert Norumedzo The other side Although it is a hard sell, especially considering the daily pain of dealing with cash and foreign currency shortages, the current crisis has its own silver lining. Before the current cash crisis many investors were focused on fears of change in policy, on suppressed industry growth,...
One of the more incomprehensible results of the hyperinflation Zimbabwe suffered in the 2000s was the way pensions became worth absolutely nothing and the way private pension administrators wanted credit for new minimum pensions a trifle less than what most people pay the maid. Pensioners were generally neither blind nor...
Brendrick Wamambo The figures are probably right, our Zimbabwean banks are lending not lending that much. But the big questions are why, and what else could the Reserve Bank do beyond picking up some of the programmes?  The central bank’s lending to government arguably, could have led to money supply growth,...
The going live of the central credit registry system is a big milestone for the financial services sector in Zimbabwe since the introduction of the multi-currency system. It is a accepted fact that the central Credit Reference System was a long overdue development in the country given that each and...
Chris Chenga Just across the Limpopo a subject of pervasive interest is taking place; one of which a majority of developing nations could benefit by conducting their own relative self-introspection. South African Public Protector, Busisiwe Mkhwebane, recently released a report very critical of the traction, or lack thereof, made by the...
Reserve Bank of Zimbabwe Governor Dr John Mangudya, in co-operation with the Ministry of Finance and Economic Development, is certainly making his loans from Afreximbank work very very hard. These facility loans are expected to perform a triple function: Providing the short-term and medium-term foreign exchange liquidity needed by exporters...
Chris Chenga Globally, where the most optimistic stories are told, the world economy has been experiencing anaemic growth at best! At the polar end, the worst scenarios over the last decade have been cases of debt overhangs and bleak economic outlooks. Even the once decorated BRICS (exclude China) have not...
Kudzanai Sharara If this year’s shareholder participation is anything to go by, then the days of the passive shareholder are well and truly over. However, if this was a once in a blue moon thing, then the year 2017 will probably go down as the year Zimbabwean shareholders, both major...
A growing economy needs access to capital and in Zimbabwe the savings rate is low, so capital is scarce and thus expensive, and even when money is raised there are the problems with the balance of payments which makes using local capital to buy foreign equipment or raw materials...