Our neighbour, South Africa, is going through an interesting phase with major ructions within the ruling party and across the country. This comes in the wake of a major and highly controversial cabinet reshuffle by President Zuma, in which the Finance Minister Pravin Gordhan, was the biggest casualty. President Zuma…
February 2015 will mark six years since Zimbabwe adopted the multi-currency monetary system, commonly referred to as dollarization. The move was in response to the chaotic hyperinflationary period that had defined the Zimbabwean economic environment for almost a decade prior to February 2009. Most Zimbabweans still are haunted by the…
FEATURE (Zimbabwe Investor) – Recently, there have been amplified calls by Zimbabwe government authorities in appealing for Foreign Direct Investment (FDI). The importance of foreign investment cannot be over-emphasised, especially for an economy at a precipice like Zimbabwe. Mozambique during the past year has registered a 30 percent increase in…
Since the turn of the new millennium, Zimbabwe`s economy has been on a downward trajectory, characterised by hyperinflation, chronic unemployment and soaring national debt levels. The introduction of the multi-currency system reversed this negative trend and the economy appeared to stabilise somewhat. However, recent economic events give evidence of an…
OPINION (Zimbabwe Investor) – Economic inequality has dominated international economic debate recently, and with good reason. Developmental charity organisation Oxfam International made headlines not too long ago with its report which noted that the 85 richest people in the world own the wealth of half of the world`s population. The…
Sub-Saharan Africa (SSA) is the ‘in thing’ now among investment professionals. There is no discussion on the next best investment idea that fails to mention the region. Many have likened its poise to China three decades ago and are thus positioning themselves for the growth in value that is likely…
In a lead story that appeared in a local weekly , Deputy Minister of Mines Mr. Fred Moyo was reported as confirming that there has been a somewhat recent discovery of a potentially vast diamond fields stretching from East to south Eastern Zimbabwe. These fields are thought to be the equivalent to…
In his 2014 national budget statement, new Finance Minister Patrick Chinamasa signalled a shift in policy; a shift in policy towards a new thriving economy driven by the Small to Medium Enterprises (SMEs). Speaking at a recent post-budget breakfast meeting in the capital Harare, Deputy Finance Minister Samuel Undenge reaffirmed…
