LATEST POSTS

Wanted: a government with a jobs strategy

By Lance MambondianiBudget, Companies, Politics

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

969 Comments

Indigenisation policy: sharing the crumbs of a cup cake

By Lance MambondianiBanking, Companies, Politics

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

925 Comments

For his courage alone, Mugabe deserves our praise

By Psychology MaziwisaReligion
mugabe-adis-ababa-14072012

AS A frustrated and naive Zimbabwean citizen a few years ago, I just assumed that President Robert Mugabe was rotten to the core. I convinced myself that he was a dishonourable man who cared only about himself and who was … Read more

1,611 Comments

New bank capital requirements: a red herring

By Lance MambondianiBanking, Companies, Money
gideon-gono-01082012-ss

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

1,790 Comments

Gono-Kasukuwere spat clouding policy

By Psychology MaziwisaBanking, Companies, Politics
kasukuwere-20072011

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

1,245 Comments

The risk of indigenising banks

By Lance MambondianiBanking, Companies, Money, Stock Market
barclays

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

2,425 Comments

Indigenisation: MDC-T losing the argument

By Psychology MaziwisaBusiness, Companies, Mining, Politics
kasukuwere-20072011

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

1,174 Comments

A new ‘indigenous’ stock market for Zimbabwe?

By Alex MagaisaCompanies, Politics, Stock Market
stockexchange-2

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

1,004 Comments

Economic freedom in our lifetime: a just cause

By Psychology MaziwisaCompanies, Mining, Politics

AFTER years of reprehensible neglect, Zanu PF is finally restoring Zimbabwe back to its dignified ways. And it may still be guilty of a few things including widespread corruption and limitless greed but its present attempt through the indigenisation drive … Read more

970 Comments

Sinister agenda behind indigenisation misrepresentations

By Psychology MaziwisaBusiness, Companies, Mining, Politics
kasukuwere-20072011

THE distortion by Reuters of Saviour Kasukuwere’s July 20 speech on indigenisation was ample proof that some journalists have become more concerned about the headlines than the spirit of journalism. And although it may not have been as spine-chilling as … Read more

1,029 Comments