@FinxZim
promoter. Incubating
@TheAnchorZim
. Ex & Founding Editor of Business Weekly & Business Times. Paper No. 3 is possible. Went to school on pension money!
Madame Khupe, Sekesai Makwavarara gave women in politics a bad name... it will be a while before they are accepted by men... they have just taken us 10 steps backwards!
Ideally Rolls Royce should be sending a team over to investigate how their car can burn like that after colliding with a Honda fit and the impact of hitting a tree. Otherwise it's quite easy to go with conspiracy theories at this stage.
So we are just gonna ignore the fact that government has just shifted its testing responsibility to its citizens... at a cost...
We deserve BETTER as a people...There I said it!
If we didnt associate this with nángas, ideally Retso should be the national fabric as we can easily identify with it and also that it has been in use over generations. It is Zimbabwean!
Zambezi River was recently declared the oldest river in the world, celebrating its 280 millionth birthday. It was flowing 30 million years before the Triassic, when the first dinosaurs appeared. via
@BizWeeklyZim
@BH24Zim
@FinxZim
@Wamagaisa
While we are busy making threats and blaming some people for planning a regime change - this is the real problem... Inflation for December at 42.09% and heading towards the danger hyperinflation zone of 50%. Food inflation at 53.68%.
@BusinessTimesZW
How many can afford life at a rate of 70..?
At 20, removed some luxury buys from basket, eg cream cheese, gammon ham, etc
At 35 sought alternative tuckshop prices for must have household products.
At 50, dumped product loyalty on certain goods eg rice, pasta, surf, vim
70?
I think Eddie Cross is now at that age where marbles are constantly lost. I really hope his family is paying attention, really I do!
G40 buying arms, wants war: Cross
Challenge is you are picking up individual success stories yet the average and majority do not have access to such. Success of an economy should be felt in the pockets of the average persons and not a few privileged individuals with access. Its a wrong gospel to spread around!
My 2c,
@fortunechasi
You need to avoid playing to the gallery. The
@wicknellchivayo
case was referred to court and a judgment came out. You can't start your tenure by making such statements. Take your time, read, study the situation and act. Hwange/Kariba are bigger problems tbh
BREAKING: Currency separation has been set aside by high court. USD debts have to be paid as USD after the High Court declared exchange control directive R120/2018 invalid via
@FinxZim
@TheAnchorZim
Waited in line for my niece to get vaccinated at Highlands Poly... only two nurses there who were super fast... they didn't even break for tea and had 100 people done by 1pm. Good service delivery...wasn't as bored as I thought I would be.
And yes I'm a good aunt...lol
This is the stream along J Nyerere Way, taken by early settlers looking north east near N Mandela. Question is when Mbuya Nehanda drank water from here...where was she going..? And really?
Do not revise history!
Get your copy of Harare's history for only US40
Pavanenge vagona, vaombererei maoko. Tinoziva hamuchavada but kana vaedza, we should still acknowledge their efforts. Mu road hamusisina float umo and the depreciation on the rate has slowed and this is a step in the right direction.
The Greatest Safari On Earth departs from Dubai Aug 18! Led by 2 Zimbabweans - Dumani Ndebele of Execujet & Deborah Calmeyer CEO/founder of Roar Africa, seen on the stairs of Emirates Exec Private Jet that lands at Vic Falls Airport for its 1st stop!
#VisitZimbabwe
#RoarAfrica
Watch Zimbabwe's open for business advert on CNN tonight on Quest Means Business. It's largely been circulated so no need to put it here. Sponsored by Sakunda, who are also here in
#Davos2018
.
A US$1 note is now attracting a 10% premium on the streets as most shops are now struggling for change. Street dealers are selling a minimum US$100 single dollar notes at US$110.
#FXRates
@FinxZim
Current President was only acting minister for Finance for 5mnths following the death of A Chambati in Oct 1995.
For the Finance Minister to publicly claim that 1996 successes with FCA balances, which too is wrong, came from him, is mischievous!
What do acting ministers do?
So the Minister of Defence travels to introduce the Vice President, who in turn has traveled to introduce the President.
Protocol will kill us one of these days...
At least he 👇 was open about fixing macroeconomic fundamentals first before we talk about introduction of a new currency. Even if the current could be fixing these fundamentals, the fact that he randomly announces it (to international media) does not inspire confidence & trust
To save the nation from the coming economic meltdown a clever man would write the last letter of his career, present it to the people and put up an NTA, which can push for sanctions removal and Zim gets an urgent international bailout package because without it, we're screw'd
How are you
@MthuliNcube
... no one would fault you or see you as a lesser man if you reverse some of these things. It's allowed! We will support you still.
I have done it mhamha. I have done it
@Churdah
. Two papers in a year!
#HistoryMaker
#Unprecedented
. Still the only female editor in Zimbabwe. Surely I should beat my own drum! Surely surely
BREAKING
Ecocash loses case against RBZ where it was seeking an interdict to stop
@ReserveBankZIM
from suspending mobile money agents. Judge says the courts cannot interdict a lawful act. Case dismissed with costs!
@FinxZim
Questions from foreign investors: How do we operate without free repatriation of dividends, How do we transfer money whose value is quickly eroded when it hits a local account & how do we procure raw materials in a country where foreign currency is a challenge?
@BusinessTimesZW
Track record?
Experience?
Integrity?
Professionalism?
Surely there are industry experts in communications. Former editors who have set up PR firms like Marvel Mapininga, Vincent Kahiya etc... Didn't you consider all this?
@MthuliNcube
Really disappointed! 0/10 chaiyo
Biti: Need a new currency yes. But we need to get fundamentals right first though. Don't think US dollar would work it's too strong for economy. Says join rand union. They will give us window of 4 years to get fundamentals right
@BusinessTimesZW
@Busisa74
@mpofu_ben
Funny story this!
Mutumwa Mawere, has approached the Constitutional Court, seeking to bar President Mnangagwa from contesting in the August 23 elections.
Eddie Cross at the
#ICAZIndaba
says adoption of the SA currency would destabilise the rand. No country will accept Zimbabwe into the rand union because of poor economic fundamentals
@BusinessTimesZW
@Busisa74
We actually dont have capacity to deal with the coronavirus. We have known this all along but the fact that no effort has been done to prepare, even when the Gods delayed the peak, exposes this regime badly and its incapacity thereof. We need to change how we do things!
BREAKING - Ecocash a Ponzi scheme says RBZ, has agents overdraft of ZW$39m
Mangudya said investigations have established that there are some Ecocash agents with an overdraft on their Ecocash accounts in excess of $39 million. via
@FinxZim
@TheAnchorZim
AFM passes a vote of no confidence on Madziyire, Madawo, legal advisor Tawanda Nyambirai and national administrator Shumba at the NWC held today.
@zkumwen
@stewart_tigere
@vargoe21
Shame shame shame. It didn't have to come to this
@GombaEdward
Inflation is felt in people's pockets. It's not something that officials at Zimstat hide away. And in any case, is this in line with the Second Republic, which is promoting transparency and is Open for Business!!
It's not so much that Govt values beer as some seem to be suggesting but rather it's the domino effect that such a move would have caused on the economy that they avoided. Everyone would have been demanding salaries in forex by next week had it been allowed.
@BusinessTimesZW
Once upon a time, there was once a traditional healer by the name Benjamin Burumbo. At some point he came on national TV and claimed he had a cure for HiV/Aids. Another traditional healer has just come out with the same declaration today ...
@ChigwidaFiona
@MakichiTinashe
All things bright and beautiful,
All creatures great and small,
All things wise and wonderful,
The Lord God made them all
Time to worship!
#SundayThoughts
But AFM my heart bleeds!💔
Things should have been done differently last week. When you think you are controlling things then everything spirals out of control. Zim needs a coherent strategy. It does not need half-hearted or piecemeal measures.
Africa could become a net exporter of agric commodities, potentially replacing imports worth $110 billion. The value of Africa’s agribusiness sector is expected to reach $1 trillion by 2030 and has been described the next “oil sector”.
Cross: How can you arrest money changers in the street for doing what is necessary. Where would industry be if they were not there.
@BusinessTimesZW
#ICAZIndaba
All this talk about a new currency scares away potential investors; (not that there is a long queue of investors waiting to get in) but any investor would adopt a wait and see attitude until there is certainty!
November 14, 1997 -
#Thread
What was the state of the economy?
-By the beginning of November 1997, nearly 100 job actions had taken place in the country due to rising costs of food, business closures and a shrinking fiscus.
Turnall and Cottco listed on the Stock Exchange
Meet the requirements and sanctions will go... dont wish them away
Ncube: "We need to deal with the impact of Zidera. We must embrace the principles of Zidera. The issues raised are the things that as Zimbabweans we would want to do anyway."
Got fresh Bakers Inn bread for $5 bond in Mbare today after just having missed the opening of stores in Avondale. Yakaoma Zimbabwe. I think we need a bread finder app
Oppah says Robert Mugabe behind the sanctions...Not the new ones, the old ones, ndiye aitoda kuti zvidaro aishanda ne ma Americans . Pese apa anga ari mutengesi. Dai vana vakafa vakamuka! Hameno hake Robert! Lol
Zupco needs recapitalisation first before it can be key to any public transport project. Piecemeal and reactionary measures are not the way and in any case the way Harare has been developing does not sustain any form of mass transit efficiently and effectively!
@tambarara
Ini hangu i like
@MthuliNcube
. I will give him the benefit of doubt. It will work. I am also quite fond of JP, i believe his interventions will also work.
Saka mabhazi a mangwana anenge ari pa the 'usual pick up points' here nhai Hon
@fortunechasi
? Madii maudza vanhu ma routes acho coz kwedu kuma north uko anosvika here? (.... People's Buses, People's Shops. The year of the People?)
The opening bale (tobacco) has been sold at US$4.30/kg.
2020: US$4
2019: US$4.50
Tobacco farmers expect higher prices this season due to improved quality
Yemuno but which is equivalent to 58c yekunze inonzi US or 38c depending with the rate of the day. Ende futi haikwire zupco iri yega... plus haitenge loaf re chingwa. Ndeye muno, ndeyedu!
Isnt it better to announce fiscal relief measures and a stimulus package first before you try to interfere with private contracts? Cabinet ideally should've been discussing a clear pathway on how to restart the economy...
What's up with these people?
Putting the
@ZetdcOfficial
increase into context. In July, this is what $100 would get you
*KwH: 943.4*
Energy: ZWL94.34
Debt: ZWL0.00
REA: ZWL5.66
VAT: ZWL0.00
Amt: ZWL100.00
AND NOW
*KwH: 131.2*
Energy: ZWL94.34
Debt: ZWL0.00
REA: ZWL5.66
VAT: ZWL0.00
Amt: ZWL100.00
Touts crowd funding yekuunza zvitunha zve ku diaspora then now Govt plays in the same streets yet parastatal constantly fall over each other to fund rallies etc. Direct them to do something useful. Inga private sector has stepped in wani
Natfoods marked a 100 years on Friday, July 3. There are few companies in Zimbabwe that have managed to raise the bat and we should salute Natfoods for its longevity. via
@FinxZim
@TheAnchorZim
Kenya Airways is temporarily suspending distribution of Ticketing Authority in the Zimbabwe market. As a result, effective 1st September 2018 the Ticketing Authority from all agents in Zimbabwe shall be withdrawn.
Said a guy, who along with the President of the so-called Second Republic, were key and constant players in the first. Ethos of Zanu PF has not changed since the war that's why three years later into this "new era" things have remained the same. Zanu PF is Zanu PF haichinje
"The Second Republic inherited an economy already ravaged by willful neglect, kleptocratic greed and crass ignorance of of basic ethos of modern business management," Ambassador Chris Mutsvangwa.
@zanupf_patriots
@RangaMberi
This is how hard Zimbabwe is on exporters
Time
-99hrs spent on document compliance
-88hrs on border admin compliance
Cost
USD170 on document compliance
USD285 on border admin compliance
Zim losing competitiveness before products are shipped out
@ZimTradeAlerts
@tambarara
Tomorrow we feature an opinion piece
@MthuliNcube
's appointment and the politics of the national purse.
Politics of the National Purse: public budgeting as public policy in Zimbabwe is a book by Jonathan Moyo published in 1992.
I'm worried about Zim
-Retrogressive controls
-Vindictive ruling party
-High inflation, exchange rate volatility
-No power..etc
Where are these men taking us..?
@DailyNewsZim
please ask for us.
Kuvimba Mining House, now Zim's largest mining company, has declared a US$5.2m dividend.
The majority shareholding in Kuvimba Mining House is held by a broad spectrum of local institutions, broken down as follows:
12.5% held by Global Compensation Agreement with farmers
Who forced people to use electronic money? How did it happen? Because they didnt have enough currency. Why? Because they failed to match what was there in M3 by constantly issuing TBs to fund what? Their huge expenditure! Why are people being made to pay for it?
@tambarara
Sungura maestro,
@alickmacheso3
on Wednesday handed over a classroom block he constructed for his former school, Enterprise Primary in Shamva, amid pomp and funfair. via
@TheAnchorZim
Another international hotel brand to come to Zim under the Eagle REIT development in Vic Falls.
The hotel: Novotel (Accor Hotels) a mid-tier brand.
Development also has Hospital to be run by Healthshare SA
The Eagle REIT will list on the VFEX in Q4.
BUY