Thursday, August 16, 2018
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...
The Monetary Policy Statement this week from Reserve Bank of Zimbabwe Governor Dr John Mangudya contained some good news for a change. The biggest and most important tidings was the 36 percent rise in exports last year. This is the only long-term road for Zimbabwe to achieve monetary stability without...
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...
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...
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,...
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...
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...
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...
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...