Saturday, September 23, 2017
Zimbabwe is losing at least $1 billion annually to corruption, with Government departments in various ministries mainly the police among others being the worst offenders, a recent Transparency International Zimbabwe report revealed. Rings of corrupt businessmen and political heavyweights are causing havoc in the Zimbabwean economy amid information Government...
Albert Norumedzo The other side Although it is a hard sell, especially considering the daily pain of dealing with cash and foreign currency shortages, the current crisis has its own silver lining. Before the current cash crisis many investors were focused on fears of change in policy, on suppressed industry growth,...
Tinashe Nyamunda The stock market has experienced a bull run recently. Many reports demonstrate that many counters are making very important gains and therefore high rates of return for investors. Prima facie, this appears to be good news, but in real terms, it really isn’t when considering the broad economic implications...
Tinashe Nyamunda The Fiscal and Monetary Policy Reviews presented in the last two weeks, while an important aspect of the media calendar, was just business as usual for many ordinary Zimbabweans, at least the ones that I spoke to. In this column, I too discussed what I thought both policy...
Kudzanai Sharara The Annual Budget Review for 2016 presented by Finance and Economic Development Minister Patrick Chinamasa carried one important statistic that might have been skipped or overlooked by many, including analysts and economists. The key statistic was that household consumption for 2016 was down 11,8 percent. While this figure is...
Golden Sibanda Insurance companies are reportedly in a quandary over rules that require significant discounting of certain investments in the calculation of regulatory minimum capital thresholds. The new regulations mean insurance companies have to make asset adjustments to make up for shortfalls that will arise from discounts of as much as...
Kudzanai Sharara Trek Petroleum is set to inject more than $3,7 million into the 2017 / 18 maize production season at the four farms that it is currently running under a Private, Public Partnerships (PPP) in partnership with the Agricultural Development Authority (ARDA). In 2015, ARDA and Trek entered into a...
Chris Chenga Are Auditor-Generals meant to be popular? Well, one can suppose that it really depends on who is passing the opinion; pun intended. To an interested public, Mildred Chiri has grown notably famous. There is irony in her garnered fame though. Accountants are superficially perceived to be boring personalities exercising...
The dramatic rise in share prices on the Zimbabwe Stock Exchange, by more than 80 percent this year, and the growing black-market rate for externally-held hard currency or currency that can be externalised, now selling at a premium of 30 percent or more, are both danger signs that there...
Kudzanai Sharara Taking stock Many moons ago, people living miles apart were not communicating by the touch of a cellphone screen, as is the case nowadays. Instead they would have to write a letter, wait for the postmen to deliver, then wait again for the reply. Those who wanted to hear...