Monday, June 18, 2018
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...
There is an obsession in those monitoring Government, local government and private sector accounts with the percentage of costs allocated to staff, with a demand that this percentage be kept to some arbitrary limit so that there is money left over for “service delivery”. Yet those gripped by this obsession...
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,...
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 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,...
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...
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...
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...
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...
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...