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
AN EMERGING trend within the diaspora community in the UK points towards a gradual increase in the number of people who have, or are considering returning to Zimbabwe or emigrating to other countries as a result of the global economic … Read more
I WONDER if designers of the indigenisation laws considered the practical ramifications of the 51% indigenous ownership rule particularly in the case of publicly-listed companies. It is effectively means that 51% of all publicly-traded companies required to comply with the … Read more
ZIMBABWE’S indigenisation law sadly reveals the ineptitude of vacuous economic policies that rarely fail to miss the point. Fewer would be convinced that an almost bankrupt country, recently on the verge of an economic implosion and barely admitted into the … Read more
IN HIS intriguing book, The Problems of Philosophy, British philosopher Bertrand Russell criticises “absolute sceptics” who claim nothing can ever be known with any certainty. While criticism is the hallmark of philosophical inquiry, he brands the sceptics’ approach as “destructive … Read more
jonathan moyo, tendai biti, 2010 budget speech, budget statement, gpa, outstanding issues, unity government, talks, power sharing, zimbabwe Read more
ZIMBABWE’S government of national unity has limped towards 100 days in office, and the Prime Minister has just launched a second phase 100-day agenda which is said to provide a blue print for the implementation of key sector reforms and … Read more
I SINCERELY thank God for the so-called global economic recession and financial crisis. “So-called” because that deprives it of the sting of a specific origin and human cause. It is “global” because it is a phenomenon from God. … Read more
REFORM: Reforming central bank mandate more useful that firing Governor IF RECENT media reports are to be believed, there is a serious political showdown regarding the reappointment of the Governor of the central bank Dr Gideon Gono, in apparent … Read more
DESPITE the recent ‘acting’ National Budget and ‘acting’ Monetary Policy Statement (MPS) being a progressive return to market economics, there still is a certain degree of ambivalence in the orthodox thinking on exchange rate policy which needs clarification. Should … Read more
