Tag: Economic Downturn

Zimbabwe swaps hyperinflation for deflation with use of US dollar

Zimbabwe swaps hyperinflation for deflation with use of US dollar

ZIMBABWE, a country once so gripped by the madness of hyperinflation that the central bank could no longer afford paper on which to print practically worthless trillion-dollar notes, now has an altogether more modern problem: it is stuck in deflation. Like Britain, Japan, the US and other nations dealing with […]

Indigenisation rows unhelpful, Oz envoy

Indigenisation rows unhelpful, Oz envoy

AUSTRALIA’S Ambassador to Zimbabwe, Suzanne McCourt, says continued bickering in government over its Indigenisation policy is “discouraging” Canberra’s efforts to invest in the country. Government continues to be divided over the controversial policy, with conflicting statements coming from the ministers over implementation of the black empowerment programme. In December, Finance Minister […]

EU envoy predicts tough year for Zim

EU envoy predicts tough year for Zim

THIS year will be particularly difficult for Zimbabwe and the international community should be prepared for all possible scenarios, a top European Union (EU) envoy has said. In his New Year message, head of the EU delegation in Zimbabwe Philippe Van Damme said 2016 is going to be a challenging year […]