Wednesday, December 19, 2018
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...
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...
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...
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...
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...
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...
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...
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 are high expectations of economic improvement in Zimbabwe, and while everyone needs to continually remind President Mnangagwa and his new team to be announced soon that this is their number one priority, we also have to think about exactly what sort of economic improvement we wish to push...
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,...