Home / Business (page 3)

Business

#Zimbabwe, From Disaster To Disaster

Zimbabwe, From Disaster To Disaster Steve Hanke , CONTRIBUTOR I cover economics and finance.  Opinions expressed by Forbes Contributors are their own. The Zimbabwe Independent RBZ bond notes have replaced everyday USD in Zimbabwe. In 2008, Zimbabwe suffered the second most severe case of hyperinflationin modern history. Its annual inflation reached 89.7 sextillion (1023) …

Read More »

Zimbabwe’s Bumper Harvest: A Victory for Black Empowerment

Zimbabwe’s Bumper Harvest: A Victory for Black Empowerment Whereas the expectation was for Zimbabwe to perform poorly until at least 2020, in 2017, black farmers who took back their land have proved naysayers wrong. In the June 2002 article “From breadbasket to basket case,” the Economist wrote, “…Zimbabwe is facing …

Read More »

Exposed: Zimbabwe Bond Notes A Big Lie and Fraud

By Matt E.T. Matigari, HARARE, July 26 (The Source) – The Reserve Bank of Zimbabwe (RBZ), and its principals, are solely responsible for the most extensive and sustained drain of wealth and destruction of people’s welfare in Zimbabwe’s colonial and post-colonial history.   Between 2004, (when Gideon Gono took over …

Read More »

#Zimbabwe to charge 150% duty for second-hand vehicles

‘150% duty for second-hand vehicles’ SPEAKER of the National Assembly Jacob Mudenda wants the Zimbabwe Revenue Authority (Zimra) to charge 150% in customs duty on second-hand vehicles, claiming Zimbabwe has become Japan’s largest warehouse of used cars. BY TATIRA ZWINOIRA Speaker of the National Assembly Jacob Mudenda speaks at the …

Read More »

Multichoice -DSTV cuts services to Zimbabwe

ZIMBABWE’S crippling cash shortage is deteriorating to the point where SA companies operating there are not getting their money out. At a personal finance level, Zimbabwean households are battling to pay their creditors on time – if at all. Zimbabwe’s Steward Bank has suspended the Zimbabwean subsidiary of South African …

Read More »

50 international banks blacklist Zimbabwe

Zimbabwe has lost the support of 50 international banks in the past decade due to Western sanctions, central bank governor John Mangudya has said. With now only three international banks availing credit to it, Zimbabwe is starved of foreign finance to develop its stuttering economy, Mangudya said. The international financial …

Read More »