Thursday, October 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...
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...
Plans by the Zimbabwe National Water Authority (Zinwa) to demand payment in advance from local authorities and other large consumers will attract a degree of sympathy from others who suffer from the huge payment delays of our deadbeat councils. Zinwa needs its money to maintain its infrastructure, to service loans...
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...
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...
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 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...
The impending deal between Zimbabwe and Botswana for Zimbabwean diamonds to be processed, cleaned and polished by the Diamond Trading Company in Botswana makes a great deal of sense. Botswana has, over four decades, built up the infrastructure and expertise to process its own vast diamond resources so there is...
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...