Wednesday, December 19, 2018
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...
The commissioning of the Women’s Bank and the Youth Bank in recent weeks marks a definite improvement in the lot of those who have tended to be left out of the group of people most commercial banks feel to be the safest when it comes to lending money. And it...
There has been a fair amount of good economic news recently as Zimbabwean businesses start looking at their business fundamentals. First imports are continuing to fall and the gap between what we export and what we import is continuing to narrow. There are consumers who feel hard done by,...
There has been a lot of hysteria since Reserve Bank of Zimbabwe Governor Dr John Mangudya formalised his ring-fencing of export earnings and Minister of Finance and Economic Development Professor Mthuli Ncube introduced a small tax on transfers to balance at the least the recurrent expenditure portion of Government...
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...
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...
Zimbabweans vote on July 30, in about eight-and-a-half weeks for the President and Parliament who will run the Government until the middle of 2023. Obviously, who wins will have a direct bearing on just how fast Zimbabwe can grow its economy and on just how quickly the gains in wealth...
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...
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...
It is extremely curious why Zimbabwe should be experiencing an unwarranted degree of economic turmoil ever since Minister of Finance and Economic Development Professor Mthuli Ncube announced the Government’s Transitional Stabilising Programme and the Reserve Bank of Zimbabwe started implementing complementary and prudent changes to its monetary policy. With President...