A decade ago, Zimbabwe experienced one of, if not, the worst inflation crises.
Hyperinflation wiped out Zimbabweans' personal savings.
It left shops empty.
And it became almost impossible for people to buy a tank of petrol or daily groceries.
There's no accurate number that shows how much Zimbabwe's inflation actually rose, but some estimated as high as 500 billion percent!
To ... ››› more
Last week, the Zimbabwean Government implemented a law causing major unrest in the border towns of Zimbabwe and South Africa.
The introduction of Statutory Instrument 64 of 2016 (SI64) restricts the import of certain goods from South Africa into Zimbabwe. This includes items like plastic pipes, doors, bottled water, window frames, baked beans, potato chips... Even peanut butter got the cut.
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The body representing commercial farmers have hit back at a new land reform proposal. The Rural Development and Land Reform Minister has proposed that farmers give over 50% of their farms to workers. Let's take a closer look at the new proposals…
A new proposal means 50% of land would go to farmworkers
Yesterday, Agri SA, the group representing commercial farmers, said “a new land reform p... ››› more
Earlier today, state media in Zimbabwe reported that platinum producers in the country had until 18 January to submit their plans to build a refinery. This affects the two biggest platinum producers. The companies, which are in the JSE's Top 40, fell on the news. Let's take a closer look at what's going on…
Zimbabwe’s state media reported today that the government had “given platinum mines... ››› more
After the general elections in Zimbabwe at the end of last month, rumours have been circulating. There have been accusations of vote fixing, amongst other things, to ensure that Robert Mugabe continued in his role as President. Now he is committed to give control of the business sector to black Zimbabweans. Read on to find out more…
Earlier today, Robert Mugabe, President of Zimbabwe, said he ... ››› more
Amidst growing speculation in the run up to the elections and since Mugabe's re-election, it looks like the Zimbabwean dollar is nothing to worry about. Worries about bringing back the old currency and other issues sent its stock market into a spin. Let's have a closer look at what's happened…
Due to the mass rumours doing the rounds about the return of the Zim dollar, the Reserve Bank of Zimb... ››› more
Today was the first trading day since the results of Zim's general election came out. And the market didn't react well to the news of Mugabe's re-election. Let's have a closer look at what's going on.
This morning, the Zim stock market plunged 11%, reports IOL. Today is its “first trading day since official results confirmed veteran President Robert Mugabe would extend his 33 years in power”... ››› more
South Africa's not the only company with rising fuel costs. On Wednesday, Namibia announced yet another petrol price increase of 10c per litre. Zimbabwe, on the other hand, is looking forward to a reduction in fuel costs by introducing blended fuel. This will result in fuel import cost savings for the government, as well as savings for consumers. Here's how you can also profit from this news…
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There's been a lot of media interest in investing in Zimbabwe lately. And its ministers are doing all they can to ensure investors that Zimbabwe's a great investment destination. Now it's easier than ever before to invest in the country! And it's all because the Zimbabwe Stock Exchange has launched a new web portal with social media functionality!
Keen to invest in Zimbabwe?
You shou... ››› more
Looking for proof that you should put your money in Zimbabwe? Here it is: The EU suspended most of its sanctions on Zimbabwe on Monday after voters approved a new constitution that'll pave the way to an election later this year. An election whose outcome is hoped to limit president Mugabe's power. But don't wait until then to invest in our neighbour! Zimbabwe's already proving it's a top investmen... ››› more
Many South African's are scared that South Africa's following in Zimbabwe's footsteps. But that might not be a bad thing. Zimbabwe's already starting to prove itself as a top investment destination and it's slipping under the radar of investors who look straight to the flourishing economies of Europe to invest offshore. Here's why you should consider investing in Zimbabwe instead…
Zimplats ha... ››› more
Despite denying a previous statement that Zimbabwe has just $US217 left in cash in the bank, the country desperately needs foreign donors to provide enough for this year's electoral spending. Bankruptcy puts you at the mercy of others and can have disastrous consequences. But you don't have to become desperate. Here are five measures you can put in place today to clear your bad debt and avoid fili... ››› more
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