Monday, June 18, 2018
One of the more amusing tendencies of those who sometimes comment on the Zimbabwe Stock Exchange is the desperate desire to draw conclusions on the assumption that all who buy and sell shares are totally rational and level-headed people who carefully weigh the political and economic factors each day...
We are about to start a new year, and if we want to look forward rather than back we need to ensure we build on what we know to be the right foundations and move along the road we know is the right road. The new Government that took office...
There have been some who dispute the 3,46 percent inflation rate of the Zimbabwe National Statistics Agency, with these objectors suggesting a rate of “50 to 200 percent” without offering much in the way of accepted methodology to justify these wild figures. Zimstats derives its figures basically by comparing the...
President Mnangagwa has almost completed his first 100 days in office and has shown that serious change is possible. On the economic front there has been a complete change of attitude, from complaining about problems to a great deal of pressure to fix things. The President himself has led a...
For a resource rich country such as Zimbabwe, mining is an obvious way to quickly move the country forward economically and create a large number of skilled jobs that pay reasonably well. Apart from petroleum resources, the ancient craton, plus the intrusions of the last few billion years, that underlies...
While the new Government makes determined efforts to turn the economy around, opening Zimbabwe up to the world, people must accept that there is a time lag between the signing of a deal and the creation of new jobs and the flow of new taxes and exports. This “crisis of...
Alongside the legal changes required to make Zimbabwe more attractive to external investment, there are administrative changes and a need to change some cultures. One particular problem is how external investors can get their dividends out, that is their profits minus taxes, and if they decide to sell out how...
Zimbabwe’s well-oiled campaign to attract investment has to be backed by infrastructure and in particular by being able to guarantee the new investors in mining and industry that we can supply them with adequate electricity; an unpowered factory or mine is useless and just a white elephant. So the commissioning...
Government is coming under increasing pressure from civil servants for pay rises, part of that crisis of expectations that many have discussed coupled with the tactical planning, which any public sector labour leader can figure out, that a good time to seek advantage is shortly before a general election. Several...
Zimbabwe’s official inflation rate is both low and, despite a lot of comment to the contrary, accurately and competently calculated by the Zimbabwe National Statistics Agency: the main problem is that for a fair number of people the information is not that useful. We need to understand what, in fact,...