IF STATISTICS are to be believed, eight in 10 Zimbabweans are unemployed. As at 2010, only 0,9 million people were recorded as being in formal employment. To put it in perspective (using a rather dramatic example), the total number of … Read more
Companies
LATEST POSTS
Indigenisation policy: sharing the crumbs of a cup cake
WHEN it comes to populist policies such as indigenisation, you cannot question the craftsmanship and frothing passion of its most avid political proponents. It’s a zero sum game; foreign shareholders and the private sector have been bullied and marched into … Read more
New bank capital requirements: a red herring
IN THE recent Mid-Term Monetary policy statement, the central bank has proposed a 10-fold increase in bank capital adequacy requirements (CAR) to US$100 billion. Whilst the chronic fragility within the Zimbabwean banking sector requires urgent redress, the proposed adjustments are … Read more
Gono-Kasukuwere spat clouding policy
THERE are very few people in Zimbabwean public life with finer qualities than Reserve Bank Governor Gideon Gono. I truly believe that Zimbabwe can only stand to benefit from his talents, wisdom and many years of experience both as Governor … Read more
Interfin: Want to rob a bank? Own one!
THE closure of Interfin and Genesis Investment Bank in the last couple of weeks makes for grim reading. The collapse of the two private indigenous banks due to recurring liquidity challenges raises serious questions regarding the fragility of the Zimbabwean … Read more
ZISCO: the painful human toll
FRENCH philosopher Joseph de Maistre – that unconscionable defender of social hierarchy, privilege and, therefore, inequality – is claimed to have once opined that a people will always get the government they deserve. Wise old head, that Frenchie! If he … Read more
The risk of indigenising banks
A YEAR ago, David Brown – the head of Impala Platinum – believed Zimbabwe’s indigenisation plans for foreign-owned mines “would not happen”. The policy, which required all companies with a share capital above US$500,000 to arrange for 51 percent of … Read more
Indigenisation: Tsvangirai on the wrong side of history
FOR almost every political party there comes a very unfortunate moment after which things are never quite the same again. As for Zanu PF, that moment came when it failed to properly tackle the economic challenges of the early 2000s; … Read more
Indigenisation: MDC-T losing the argument
ZANU PF has historically stood up for the underdog, but there is a much more significant reason why Indigenisation Minister Saviour Kasukuwere should continue to stand up to the forces of evil currently emanating from the MDC-T establishment: if he … Read more
