You cannot attract investors and build confidence in your currency while you destroy the property of your citizens and disposess them of land which they have invested in. It's a contradiction.
🔴THE economy is edging closer to full dollarisation amid reports that the informal sector is rejecting the dual pricing regime, exclusively selling in the United States dollar. newsday.co.zw/local-news/art…
The formal sector is not uncompetitive because of the informal sector. The informal sector emerged out of economic mismanagement and destruction of formal sector. You need an approach which resolves those policies which are making formal sector uncompetitive.
Fellow Africans, your rulers are summoned to USA, Russia, China, FRANCE, Japan, UK, now in Saudi Arabia? How do they reconcile all these Interests from different players? I put it to you that all these countries summoning them know what they want from Africa. African rulers are
Everyone has an opinion on this Tshabangu conundrum but I am yet to see a full grasp of both internal and external forces at play besides blaming ZanuPF. Who benefits, who loses and why? is a good place to start.
Quote: 'The judge said the legislators had made a “mortal error” by failing to cite the party - CCC - as a respondent in their application.' End quote. Eish....
We have to shape a new competitive and inclusive economy where best ideas prevail. We must destroy patronage and sub standard business practice, services and products. Only until then can we claim economic freedom for all.
I have been at pains to explain to our politicians that such issues have a direct impact on risk perception of the country and dent the confidence levels in our economy.
The ability to think and come up with best solutions for the complex problems we face as a country is critical. Thinking skills in a complex dynamic world are a skill that has to be learnt and developed. Our politicians just don't have such.
In any country where political considerations and interests come first. The economy naturally suffers as it becomes subordinate and a casualty to vested political interests.
As we seek to understand the complex problems we face be they political or economic we tend to over simplify that A causes B so that we can pretend to understand and yet there are no direct and pure correlations among events esp where human interests are involved. A can cause Z
No country that dollarised has ever managed to completely de-dollarise. This is simply because citizens always prefer to hold assets in USD. Dual currency is next.
If Zimbabwe could only have a meritocratic culture and accountability that would have immediate impact on economic growth prospects and begin to build the necessary confidence for own currency. It's more about values than economic policy.
Most countries which dollarised have not fully de-dollarised. It's very difficult especially when it comes to those who seek to continue to protect their usd assets. Capital flight will be the result as funds are tranfer offshore.