April 2010

Govt Revises Indigenisation

Submitted by AA Zimbabwe on Mon, 2010-04-26 04:23

Govt Revises Indigenisation - GOVERNMENT is working on a raft of amendments to the punitive indigenisation regulations, which were suspended by cabinet last week following a storm of protest from the business and international communities. [All Africa : Zimbabwe]

Biti Raises Spectre of Price Controls

Submitted by AA Zimbabwe on Mon, 2010-04-26 04:23

Biti Raises Spectre of Price Controls - WHEN inflation soared out of control in 2007, President Robert Mugabe had a quick solution to the problem cut prices of goods by half and impose a freeze. Almost overnight goods disappeared from the shelves. [All Africa : Zimbabwe]

Banks Closing Their Lending Taps

Submitted by AA Zimbabwe on Mon, 2010-04-26 04:23

Banks Closing Their Lending Taps - THE average loan-to-deposit ratio for Zimbabwe's commercial banks last year was 48,7% from about 72% in 2008 as banks slowed down on lending due to the liquidity crisis which followed after the economy was dollarised. During the first half of last year the average loan-to-deposit ration was 35,85%. [All Africa : Zimbabwe]

'High Production Costs Fueling Inflation'

Submitted by AA Zimbabwe on Mon, 2010-04-26 04:23

'High Production Costs Fueling Inflation' - BUILDING inflationary pressures, more than a year after the central bank's printers went silent, have exposed the country's unenviable economic position and the lethargy in industry and commerce. Money-printing was blamed as the main driver to Zimbabwe's record inflation, which was estimated at above two billion percent in mid 2008 before statisticians and authorities lost interest. [All Africa : Zimbabwe]

Country Will Miss Out On World Cup Benefits

Submitted by AA Zimbabwe on Mon, 2010-04-26 04:22

Country Will Miss Out On World Cup Benefits - SOUTH Africa regularly hosts major international sporting events which have boosted its economy through direct and indirect benefits. [All Africa : Zimbabwe]

2010 First Quarter Economic Review

Submitted by AA Zimbabwe on Mon, 2010-04-26 04:22

2010 First Quarter Economic Review - ANY reasonable person with basic macroeconomics knowledge is unlikely to have believed that the economy could be performing quite as projected in the 2010 Fiscal Policy Statement (FPS). [All Africa : Zimbabwe]

Industry in Dire Need of Capital Injection - Ncube

Submitted by AA Zimbabwe on Mon, 2010-04-26 04:22

Industry in Dire Need of Capital Injection - Ncube - LACK of long-term international lines of credit, punitive interest rates charged by local financiers, coupled with erratic electricity supply is threatening the recovery of the manufacturing sector currently operating at 35% capacity. [All Africa : Zimbabwe]

Iran's President Backs Mugabe

Submitted by AA Zimbabwe on Mon, 2010-04-26 04:21

Iran's President Backs Mugabe - Zimbabwe and Iran will stand firm against oppression by imperialist countries, the President of the Islamic Republic of Iran, Mahmoud Ahmadinejad, has said. [All Africa : Zimbabwe]

Why We Should and Shouldn't Welcome Ahmadinejad of Iran

Submitted by AA Zimbabwe on Mon, 2010-04-26 04:21

Why We Should and Shouldn't Welcome Ahmadinejad of Iran - Nice things first. Iranian President Mahmoud Ahmadinejad is a tough guy. President Museveni, another fairly tough guy, is hosting him this weekend. Possibly more than any Iranian leader before him - to the extent that he wields the power the supreme leader allows him- MrAhmadinejad stands out for his solid stance against those he considers enemies of Iran. [All Africa : Zimbabwe]

Zanu PF 'Warlord' Arrested for Bank Robbery and Murder

Submitted by AA Zimbabwe on Sat, 2010-04-10 23:24

Zanu PF 'Warlord' Arrested for Bank Robbery and Murder - Nathaniel Punish Mhiripiri, a ZANU PF 'enforcer' and an aspiring MP who shocked MDC activists in January by declaring he had 'authority and an open licence' to eliminate them, is now behind bars facing charges of bank robbery and murder. [All Africa : Zimbabwe]