Blog entries from: Economic Views from Zimbabwe

I admire John Robertson the economist from Zimbabwe for his straight talking. This blog will publish some of his thoughts on the Zimbabwe economy and some of my comments from a lay perspective.

1 to 10 of 19

March 29 2014

From Economic Views from Zimbabwe Sat Mar 29 2014, 10:45:00

Zimbabwe is essentially operating a multiple currency system and recently the then Acting RBZ Governor, Dr Charity Dliwayo announced the adoption of more currencies in the economy.

Despite this Zimbabwe is viewed as a dollarised economy given that the Government conducts all its business using the United States (US) dollar and it is the currency that has become predominant among the other currencies used in the country.

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March 19 2014

March 18 2014

From Economic Views from Zimbabwe Tue Mar 18 2014, 09:40:00

A CURRENCY is a wonderful flagship for a country, bobbing away minute by minute on the waves of global sentiment and trade. It is a useful proxy for where the market and economy is heading next, but in Zimbabwe's case it has become more like an albatross around the necks of its leaders, dragging them further into an abyss of economic disaster.

Zimbabwe had to abandon its currency -- hard won via bloody civil strife for freedom -- in 2009 as effectively worthless, with the US dollar and rand being accepted instead as the main legal tender.

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From Economic Views from Zimbabwe Tue Mar 18 2014, 09:34:00

Zimbabwe: Broken Hearts, Tension and Anger at the Tobacco Auction Floors

By Phyllis Mbanje, 17 March 2014

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From Economic Views from Zimbabwe Tue Mar 18 2014, 09:30:00

Zimbabwe: Chinese Firm to Invest U.S $250 Million in Solar Project

18 March 2014

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March 17 2014

From Economic Views from Zimbabwe Mon Mar 17 2014, 06:16:00

Zimbabwe: RBZ Collapsed Caps Operations - Mutanda

By Martin Kadzere, 17 March 2014

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From Economic Views from Zimbabwe Mon Mar 17 2014, 04:37:00

It is not over yet. But to what extent we can hope for the change we really need, which is the repeal of the Indigenisation and Economic Empowerment Act, rather than mere amendments, has yet to be seen. Today, Thursday, a meeting of the Council of Ministers is to be held to discuss this topic. I have reproduced below an entry from the Prime Minister's Newsletter, Edition 37, published on his website yesterday. You can download updates by calling up but I hope to be able to alert you to any helpful developments

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From Economic Views from Zimbabwe Mon Mar 17 2014, 04:36:00

Zimbabwe: Chemco Shareholders Okay ZSE Delisting

CHEMCO Holdings shareholders this week approved the delisting of the company from the Zimbabwe Stock Exchange (ZSE). A manufacturer and distributor of agricultural inputs, Chemco was suspended from the ZSE in 2012.

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December 9 2013

From Economic Views from Zimbabwe Mon Dec 9 2013, 03:13:00

The rise of China in Zimbabwe:

"Closer economic and diplomatic ties between China and Zimbabwe have had wide and far-reaching effects. Not only has Beijing been vetoing plans by the West and European capitals to take sterner action against Harare at the United Nations Security Council for her alleged human rights violations, but its capital has also come in handy for Zimbabwe.

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From Economic Views from Zimbabwe Mon Dec 9 2013, 03:12:00

RBZ and Min of Finance got all the banks together in a meeting yesterday to tell them that they have until the 1st March to restore their correct Loan to Value limits and Reserve limits or they will be shut down. Some banks like Kingdom are scrambling around trying to arrange a merger to fix the books in a sense, but have been told that merger will have to tick all the right boxes to be considered legitimate. There are about 5 banks most likely to be caught out by this hard line approach, and have been told if they can't reach the targets they will have to operate as microfinance companies.

2012 will be a shake out for the banks and probably a difficult year to find capital. CABS is a relatively safe bet but have reached their 20% mortgage lending limit already so not issuing mortgages ...

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