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 23

August 9 2014

From Economic Views from Zimbabwe Sat Aug 9 2014, 07:19:00

 Zimbabwe will soon run out of money: Baz - DailyNews Live

 

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From Economic Views from Zimbabwe Sat Aug 9 2014, 06:07:00

In a rare one-on-one stage interview he held with US president Barack Obama, Zimbabwean technology entrepreneur, Takunda Chingonzo, told Obama that the supposedly targeted sanctions against some political leaders in Zimbabwe were actually hurting ordinary people.Chingonzo said technology entrepreneurs looking to get technology or funding from US-based companies often hit a brick wall because of the sanctions."In our work, we got to a point where we needed to import a bit of technology from the United States. And so we were engaging in conversation with these US based businesses, and the response we got time and time again was that unfortunately we cannot do business with you because you are from Zimbabwe. I was shocked. This doesn't make sense," explained Chingonzo to Obama.In response, ...

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From Economic Views from Zimbabwe Sat Aug 9 2014, 06:01:00

THE Zimbabwe Stock Exchange (ZSE) industrial index declined by 6,9% to 188,08 points in July from the December figures as the bourse took a battering from the slow performance of the economy, latest statistics have shown.

VICTORIA MTOMBA

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June 20 2014

From Economic Views from Zimbabwe Fri Jun 20 2014, 10:07:00

Company closures continue in Zimbabwe by Tererai Karimakwenda 19 June 2014 |Reports of the rapid closure of companies in Zimbabwe have continued to make headlines as government fails to find a solution, with the latest news revealing that at least 10 companies are closing every month.According to the Financial Gazette newspaper, a senior official at the National Social Security Authority (NSSA) disclosed figures that suggest 60 companies had shut their doors so far this year. The total could be over 120 closures by year's end.The figures represent only statistics on the number of companies that stopped contributing to monthly pension funds due to closure. This means there could be even more companies closing that had not been paying into the fund, which is a crime under the law.In ...

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June 18 2014

From Economic Views from Zimbabwe Wed Jun 18 2014, 09:47:00

Paypal comes to Zimbabwe by Staff reporter 16 June 2014 |

LONDON- PayPal is entering 10 new countries this week, including Zimbabwe, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud.Rupert Keeley, the executive in charge of the EMEA region of PayPal, the payments unit of eBay Inc, said in an interview on Monday the expansion would bring the number of countries it serves to 203.Starting on Tuesday, consumers in Nigeria, which has 60 million users and has Africa's largest population, along with nine other markets in sub-Saharan Africa, Eastern Europe and Latin America will be able to make payments through PayPal."PayPal has been going through a period of reinvention, refreshing many of its services to make them easier to ...

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June 2 2014

From Economic Views from Zimbabwe Mon Jun 2 2014, 03:42:00

At dollarisation in 2009, we didn't inflate any telephone bills, says TelOne

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May 7 2014

From Economic Views from Zimbabwe Wed May 7 2014, 10:28:00

AT least 111.6 million kilogrammes of tobacco worth US$358 million have has been sold since the 2014 marketing season opened in February this year, according to the latest statistics from the Tobacco Industry and Marketing Board (TIMB).

The volume of the golden leaf sold so far is a 23.6 per cent increase on the 90.3 million kg of tobacco worth US$334.7 million sold during the comparable period last year, the TIMB data show.

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From Economic Views from Zimbabwe Wed May 7 2014, 10:26:00

Foreign investors dominate bourse

Foreign investor activity on the Zimbabwe Stock Exchange increased in the first four months of the year with over a billion shares changing hands despite the total market value taking a knock. According to latest statistics from ZSE 1,1 billion shares valued at $170 million were traded between January and April this year.

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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






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