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Zanu PF seeks to rename Victoria Falls

via Zanu PF seeks to rename Victoria Falls December 17, 2013 by John Nyashanu and Bernard Mpofu NewsDay THE mighty Victoria Falls, one of the Seven Wonders of the World, is set to be renamed alongside several other institutions, following a weekend

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2014 budget will be fictitious, govt too broke – Tendai Biti

via 2014 budget will be fictitious, govt too broke – Biti | The Source December 17, 2013 Former finance minister, Tendai Biti  said the 2014 budget to be presented on Thursday will be ‘fictitious’ as the government does not have the funds

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Chinamasa walks tight rope

via Chinamasa walks tight rope – DailyNews Live by John Kachembere  17 DECEMBER 2013  Zimbabwe’s government is due to announce the National Budget on Thursday, amid mounting unrest. Angry depositors have vandalised property at banks after caps were imposed on withdrawals —

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Zimbabwe’s inflation shows ominous signs of slowing economy

via News Analysis: Zimbabwe’s inflation shows ominous signs of slowing economy – Xinhua 2013-12-17 Zimbabwe’s inflation continued on a downward spiral this year, raising fears of an economic stagnation, economists say. Figures released by the Zimbabwe National Statistical Agency (Zimstat) on Monday

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Zim Asset: Utopian pie in the sky

via Zim Asset: Utopian pie in the sky – DailyNews Live by Jeffrey Muvundusi 17 DECEMBER 2013  Political analyst Ibbo Mandaza has cast aspersions on a new economic blueprint that the ruling Zanu PF claims will spearhead the turnaround of the flagging economy.

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Zanu-PF plunges Zimbabwe into an economic crisis – Tendai Biti

via Bulawayo24 NEWS | ‘Zanu-PF plunges Zimbabwe into an economic crisis,’ says Biti 17 December 2013 Tendai Biti, the MDC-T Secretary General and the party’s Shadow Minister of Finance today said the July 31 sham election has plunged Zimbabwe into a crisis

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An economic forecast for Zimbabwe in 2014

via An economic forecast for Zimbabwe in 2014 | The Zimbabwean 17.12.13 by Clemence Machadu As the curtain for the fiscal year 2013 is about to come down, all eyes are now on 2014, with investors, business, the workforce, government and civil society

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Zanu-PF Govt Won’t Present Pro-Poor Budget – Tendai Biti

via Biti: Zanu-PF Govt Won’t Present Pro-Poor Budget by Gibbs Dube 17.12.2013 VOAZimbabwe Former Finance Minister Tendai Biti says it will be impossible for the government to come up with a realistic national budget Thursday as the country is not creating any wealth due

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Indigenisation or indigenous confusion?

via Indigenisation or indigenous confusion? – DailyNews Live by Conrad Nyamutata 17 DECEMBER 2013 As a law, the Indigenisation and Empowerment Act states that foreign businesses operating in the country have to cede 51 percent of the shareholding to indigenous Zimbabweans. However, in

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“foreign direct investment” evades domestic industry | The Herald

via FDI evades domestic industry | The Herald December 17, 2013 by Golden Sibanda THE Confederation of Zimbabwe Industries, the country’s biggest sector lobby group, says the manufacturing sector has not realised new inflows of foreign direct investment over the last three years.

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5 lead pack to replace Gono | The Herald

via 5 lead pack to replace Gono | The Herald December 17, 2013 by Golden Sibanda Finance Minister Patrick Chinamasa on Thursday presents the 2013-14 National Budget statement amid growing speculation on who will be the next Reserve Bank Governor. Dr Gideon Gono

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Peace ho, John Robertson speaks | The Herald

via Peace ho, John Robertson speaks | The Herald December 17, 2013 by Joram Nyathi (Group Political Editor) [comment required] Robertson makes it clear that he is against the idea of “resource nationalism”. The world’s resources should belong to those who have the

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Corruption cripples economic turnaround

via Corruption cripples economic turnaround | The Zimbabwean 17.12.13 Widespread corruption in the civil and public sectors will make it difficult to turn around the economy in the near future, analysts say. Zimbabwe is ranked among the most corrupt nations in Africa.

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Zim diamonds plundered in illicit international deals

via Zim diamonds plundered in illicit international deals | SW Radio Africa by Alex Bell  December 17, 2013  A new report on the global diamond trade has exposed how illicit and corrupt deals, facilitated by international groups, are resulting in the plunder

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Young people can create a better Zim

via Young people can create a better Zim | The Zimbabwean 17.12.13 by Mxolisi Ncube The Youth Chapter is imploring young people in Zimbabwe to take charge of their country next year. MXOLISI NCUBE met the pressure group’s president Butholezwe Nyathi. “Young people

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