Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Cash for sale in Zimbabwe, 20% more for US Dollars;. Full Details

May 14, 2017
Cash for sale in Zimbabwe, 20% more for US Dollars;. Full Details
Holders of $100 and $50 notes can sell them at a premium in Zimbabwe, underscoring a huge currency shortage despite bond notes being brought into circulation late last year IT’S official: cash is on sale in Zimbabwe. But not just any kind of cash — high­value denominations of the US dollar are the most sought­after notes on the market. Cash­ starved and desperate foreign investors are paying a premium for $50 and $100 notes. Black market dealers are paying a cool 15%­20% premium for crisp Benjamin Franklins and about 10%­15% for $50 notes. This comes after central bank governor John Mangudya introduced bond notes to ease a cash crisis in November.



The US dollar has become scarcer since then. But how does it work? Thanks to tight exchange­control regulations on foreign payments instituted by Mangudya last year, there is strong demand for high­value notes. The lucky holder of a $100 note will get up to $120 from a dealer in smaller US dollar denominations, such as the $20, $10, $5, $2 and even $1 notes. The sought­after denominations are then sold at a slightly higher rate, and quickly find their way to various destinations around the world. The Financial Mail has established this from a number of cash dealers, who would not be named. Smaller denominations make it tougher to move cash out of the country, while high­value ones can be smuggled out under the watch of unsuspecting authorities in small but valuable wads. So far, no arrests have been made by the authorities, who have threatened to descend heavily on unscrupulous traders as trade booms in the capital. Apart from dealers, other buyers want US dollars to preserve value amid inflation fears. Mangudya last year said a total of $2bn had left the country illegally. A traveller can take a limit of $1,000 and R20,000 out of the country at a time. Though daily cash withdrawal limits were reduced to $1,000 by the central bank, banks offer limits of as little as $20/day, and a maximum of $100 paid mostly through bond notes and coins. Banks say deposits are also not forthcoming, as clients are holding on to cash. And heightened inflation fears have led people with healthy bank balances to move funds out of their banks.

Analysts say the withholding of deposits is part of a wider plan by Zimbabweans to preserve value and prevent a recurrence of 2007/2008, when balances were reduced to nought due to hyperinflation. The practice has been prevalent for a few months, banking executives told the Financial Mail on condition of anonymity. Even the bond note is being traded by individuals seeking quick cash, with a rate of up to 10% for amounts under the 1,000­bond note. For amounts higher than the 1,000­bond note, individuals get charged as much as 15%­20%. But bond notes, like the US dollar — the unit they are said to be equivalent to — are scarce in the market. Analysts say Mangudya is playing it smart in a market that is betting on him to introduce an excess of bond notes. He claims the currency is backed by a $200m African Export ­Import Bank bond facility, though the bank has not confirmed its existence. He said two weeks ago that $120m of bond notes had been released into circulation.

Mangudya’s predecessor at the central bank, Gideon Gono, is widely blamed for runaway inflation that eroded the value of savings in 2008 in a bid to prop up President Robert Mugabe’s rule through quasi­fiscal interventions. Zimbabwe’s cash situation has hurt companies. Tiger Brands, which holds a 37% equity stake in the country’s largest miller and stock­feed producer, National Foods, struggled last year to get dividends due to it after banks’ nostro accounts ran dry. A nostro account is a foreign currency account that a bank holds with another bank. Only last week the central bank said it was finalising documentation to draw down on a $220m nostro stabilisation facility, which Mangudya said would ease a foreign payments backlog. He said Zimbabwe had $250m in nostro accounts, a paltry amount considering high imports into the country. The country imported goods worth $5.2bn in 2016, compared with $2.8bn in exports. The introduction of the facility comes at a time when banks have struggled to process foreign payments due to depleting nostros. As a result, companies have failed to pay for imported raw materials, thereby threatening industries. The lucky holder of a $100 note will get up to $120 from a dealer in smaller US dollar denominations. The sought­after denominations are then sold at a slightly higher rate.

Zimbabwe Bond Notes Secrets They don't want you to know

May 30, 2016
Zimbabwe Bond Notes Secrets They don't want you to know
A Bond is a Promise so that capitalists can invest using our real money, a bond is a token, like the one u get if u buy coke without empty bottle deposit, Bond money is like fuel coupons. Bond notes are a diversion so that capitalists borrow your real money while you don't realize it.
Automatically having bond notes, it means the bank has tricked you and borrowed your money without you knowing or realizing , 
Bond is a future liability, someone will have to pay later.
Bond has no insurance, it can be useless at any second

Currency and cash are 2 different things, Currency is a system, and money these days is not backed by physical liabilities. but its value is fiat, meaning its based on faith. A currency is a promise and currency value is the bearers belief in the promise fulfillment. And if people don't believe in Bond notes then their value is depreciating.
It costs money to make bond coins, Why not utilize already existing currencies, like zimswitch, Ecocash, Mobile money, Systems like ecocash need a small upgrade to a peer to peer instant payment system,
Central Bank does not want you to externalize USD, not because it causes money shortages, It does not cause money shortage because its your money not Zimbabwe's money. Central bank just doesn't want you to lend other countries bank money, 
They want you to lend it to them so when you want it they will tell you that they don't have cash, that's a lie .
Zimbabwe Bond Notes
Zimbabwe Bond Notes and Coins


Its not that the bank has no cash, Its because the bank has no money they don't want to give you the little that you have so they can invest in on the stock market.
Bond notes will not allow you to import, Central bank will hold  us dollars and release bonds, 

Where will they put all the money they will be holding? is it going to disappear or they are doing to put in on the black market so few individuals can benefit.
If i import using my money, i will not go to the bank and claim it because i have already used it. So what causing cash shortages???
Loans are the main tool in cash shortages because banks create money in the form of loans , the money is coming from nowhere , This money was created from nowhere not backed by physical commodities so, Importing doesn't harm the bank unless the bank is in debt and the bank doesn't want to have to send foreign currency to the country of import purchases.
There is cash shortage because our System keeps creating money forgetting they cant create the physical cash. If people work and earn money then there must not be cash shortages because people have worked and got paid. Civil servants salaries coming from tax money, its real money. If a supermarket sells to a person using bank cards money will be debited from the buyers account and credited to the seller, accounts balance and does that cause cash shortages?. Its simple money was created, banks created loans which are not backed by real physical money, The central bank borrowed money from the future and the country goes deeper into national debt and the workers suffer and go poorer , whilst capitalists and bankers get richer. Later in years Recession happens bond notes are created and credits go stale and disappear.
Bond notes are only a gimmick Zim dollar is already working virtually so bond coins have no advantage or disadvantage.
Solutions
Allow international banks to operate in Zim in a free market system, Richest countries in the world are at least 80 percent free market economies.
The government limits export because it would not directly benefit from peoples real cash money. You bank your money and when you want to use it outside Zimbabwe it will be valueless, So solution is to open Foreign Currency bank accounts with international banks.
Barn Bank Loans, Loan is money which is not there and there will be massive cash shortages until all people pay up loans.
Why is cash not Balancing with money in the banks?
If i have 1000usd cash and put it into the bank along with other depositors then after a month I want to withdraw my 1000usd and the bank tell me there is no cash.
-People in control own banks, Capitalists can not be politicians. In Zengeza we have Chidhakwa a member of Parliament, who failed to run a small bakery, how can he help a community and a nation?
-Politicians Experienced in the wrong things not wanting to employ consultants.
-No School Teaches people to think or to be clever, its not about education but track record, People who changed the world the most where school dropouts.
Fritz Harber invented the haber process at age 17
Mark Zuckerberg, i wont say
Pythagoras came with the Pythagoras before he was 40, originally he was a sculpture maker and he was not a schooled man.
John blur theory of investment at age 33
All the economic havoc in Zim is scaring away investors because Zim business climate is unpredictable. Privatization then withing a short period, They are saying companies must be individualized. Claiming shares from a company that someone invested in with cash and handwork.
Speculation is one of the factors affecting the fiat value of our money, thus making our economics unpredictable, Investors will stop, people wont bank their money,
Too many licenses for everything, Zimbabwe is too regulated and we need a free market system to motivate local investors and citizens to empower themselves and create companies. We all know we have politicians who feel citizens trying to set up something new and big as competition and they shut them down. Like in the case or Radio and TV stations a person like me should be running one but opportunities are always in the same circles. But are we the people being given similar opportunities.
All bank charges must be dropped for convenience purposes, Actually banks should pay interest, so people can use ecocash, mobile money, zip-it for peer to peer trading and not need cash. if there r no charges or complicated processes kana madomasi pamusika panenge akutengwa ne ecocash or mobile money.
Anyway banks use this method, most banks here in Zim operate under a foreign intermediary bank, they are more like agents in big offices. They externalize foreign currency benefiting but the nation suffers, by putting ur money in their banks you are also externalize money, in other ways these banks are embassies of foreign banks.
SUBSTITUTE TAX, have people bring in money from outside. free duty, govt will benefit the tax from sales tax, Vat pa internal trading MasterCard and Visa USD international Accounts.
Do you need to make Bond notes for money that does not exist?
Isn't that creating money from thin air?
Please don't limit the people in hard times like these

3 million Jobs in Zimbabwe at last

November 28, 2015
People cried in Zimbabwe, They Suffered, Crying for Jobs saying "We are an Educated People". I did my survey in various Locations and Ghettos, Met the people and we talked about issues troubling them.

Most of them where not as Educated as they said, They were just people who went and finished school but were neither educated nor passed. Some failed grade 7 and they expect to find a job in a bank, Some have Zero O levels and they want a job at delta cooperation. .

So i asked them individually, So tell me what job would like to do?, most of them couldn't even at least reply. The few that replied said "Rese Rese Mudhara"
Then i said "guys i see in the newspaper everyday in classifieds vacancies column  there is always plenty jobs, Why cant you apply.

I realized most of the people who cried for jobs have never even looked for a job their entire life, They never wrote a CV, some of them don't even know what a CV is. And most of them didn't have any other learnt skill which is non academic eg motor mechanics, welding, etc.

There are always Jobs in the classifieds but most people don't qualify. There are jobs ready everywhere around Zimbabwe, Man power is even in shortage. Shops need cleaners, companies need security guards, professionals need house girls,baby sitters and garden boys. People will say "no zvinomakisa" but the same people go to South Africa and they do the same jobs they refused to do in zimbabwe. Its called ego, they want easy money, they don't want to either work or study to become who they wanna be, Zimbabwe's ex Governor Gideon Gono did his O level when he was 28. Now he has an economics book studied at universities worldwide even in the states.

People are used to working for someone for something they can do themselves, sell and keep all the money, People would rather work for a big company as a mechanic who will service $10,000us worth car repairs. The company will pay them $500 from the $10,000us they worked for for the whole month.

God created us all for a purpose here on earth and if you don't claim your purpose someone will take it and used for their own benefit. You will become their worker and call them boss yet you are the one with what he needs.

If you have failed academics no problem there many other non academic skills you can aquire. Now pliz stop complaining about a job if you have never even looked for it, if you are not qualified or under qualified.

Learn Photoshop, There is a massive shortage of Graphics Designers in Zimbabwe, ...Read article below for business ideas you can start with nothing.
7 Business ideas you can start with under $20us

15 Highest Paying Jobs In Zimbabwe

November 23, 2015
This is Just a list for formality's sake, otherwise The really highetst paying jobs are, Policeman, Pastor, Politician, Prostitute, Public Prosecutor, Drug Dealer, Thief, Land Baron, S.D.A Chairman.

[01] Process Engineer (Engineering) 4,500 ZWD
[02] Geologist (Oil / Gas / Energy / Mining) 3,500 ZWD
[03] Project Manager (Executive and Management) 2,900 ZWD
[04] General Manager (Executive and Management) 2,050 ZWD
[05] Purchasing Manager (Purchasing and Inventory) 2,000 ZWD
[06] Administrator (Accounting and Finance) 2,000 ZWD

[07] Import / Export Manager (Import and Export) 1,200 ZWD
[08] Auditor ( internal ) (Accounting and Finance) 1,150 ZWD
[09] Systems Analyst (Information Technology) 1,100 ZWD
[10] Accountant (Accounting and Finance) 950 ZWD
[11] Insurance Underwriter (Insurance) 900 ZWD
[12] Real Estate Agent (Real Estate) 800 ZWD
[13] Receptionist (Administration / Reception / Secretarial) 800 ZWD
[14] Mine Engineer (Oil / Gas / Energy / Mining) 700 ZWD


Do You Have a Plan for Unemployment?

November 23, 2015
Do you have an unemployment plan?
You never know if and when unemployment will strike. The best strategy for dealing with unemployment is a proactive strategy, and these tips can help you plan for the worst.

Emergency Fund

For many, this is a necessity. Your emergency fund can help you through tough times by giving you a place to turn if you need help meeting expenses. Consider how you might build up a financial cushion in the form of an emergency fund by setting aside money each pay check in a high yield savings account. It is important to realize, though, that any emergency fund is unlikely to last forever. It can help you to get through some of the tough times, and help you pay the bills, but unless you have a huge emergency fund, you are going to need to make some other preparations for unemployment.

Develop Income Diversity

Is all of your income from one place? If so, it might be a good idea to begin developing a little income diversity. Consider starting a side business with a hobby as a basis, or setting up a web site that can generate affiliate income. If you are really worried about the stability of your day job, you or your life partner can consider getting a part-time job of some sort. You can also consider income investing as a way to begin developing a little income diversity. While you may not be making a ton of money from these other sources each month, they can establish income streams that can help cushion you if you lose your regular job. And, as long as you have a job, you can use the extra income to pad your emergency fund!

Live Within Your Means

The Economic Situation in Zimbabwe has taught many the importance of frugal living. Even those who still have jobs right now should consider downsizing their lifestyles — at least a little bit. Living modestly and within your means will ensure that you have fewer expenses to meet if you lose your job. It means making less of an adjustment in the future, because you are already adapting right now. Additionally, frugal living means that you can set more money aside for the future. Even if you decide that drastically cutting expenses is not necessary at this point, you can still make a list of items to cut so that you are prepared in the event of a job loss.

Keep Yourself Marketable

Keep up to date on the skills you need for your profession. Consider developing new skills that might serve you well if you need to switch jobs. Periodically update your resume, and do what you can to keep yourself valuable to your current employer (so that you have less worry about layoffs). You should also keep your networking contacts fresh. Keeping up with your business and personal relationships while you still have a job can prevent you from scrambling when you become unemployed.

South African Rand Falls Again

November 18, 2015
JOHANNESBURG. – South Africa’s rand fell against the dollar yesterday amid investor uncertainty over whether the central bank will raise interest rates this week. Stocks opened 0,13 percent lower at 46,687 points on South Africa’s blue-chip Top-40 index. At 0730 GMT the rand had slipped 0,19 percent to 14,3000 per dollar, surrendering the gains of the previous session as the greenback climbed to a seven-month high. US interest rates are expected rise before year-end.
Government bonds were flat, with the yield on paper due in 2026 unchanged at 8,55 percent.
The market is divided over whether South Africa’s Reserve Bank will leave benchmark rates unchanged at a policy meeting today. According to a Reuters poll, 21 of 35 economists predict rates will be held at 6 percent with the other 14 forecasting a hike. The rand has been on the ropes for most of 2015, losing over 20 percent against the dollar, but hiking rates to underpin the currency risks slowing an already struggling economy.


“The problem with rand weakness is that it starts a vicious circle, where investors choose to withdraw rand bond and equity investments to avoid further currency loss, which in turns drives further rand weakness,” said economist at Investec Annabel Bishop. – Reuters.

NOT ENOUGH RAIN TO END WATER PROBLEMS!

November 17, 2015
A week-long forecast for rain in , Limpopo could bring relief from the heat, but might be insufficient to solve water shortages or the drought.
NOT ENOUGH RAIN TO END WATER PROBLEMS!
Photo by Alet Pretorius/Gallo images  ~ 
This was as inclement weather and hail left a trail of damage in parts of Limpopo, Pretoria and the East Rand yesterday.
A video has also emerged of a car apparently trapped in a heavy downpour in Pretoria West.
South African Weather Service forecaster Elisabeth Webster said there was a good chance of showers and thundershowers with the possibility of severe thunderstorms in the three provinces for the rest of the week.
"The rain will help alleviate the heat and there will be cooler temperatures," she said.
Parts of the country, including Gauteng, experienced a heatwave last week with temperatures in some areas exceeding 40°C.
North West, KwaZulu-Natal, Free State, Limpopo and Mpumalanga have been declared disaster areas. Some areas in Gauteng experienced water shortages.
Webster said Springs on the East Rand experienced the highest rainfall during Monday's downpour with 44,6ml. Pretoria had 23,4ml and the OR Tambo International Airport 15,6ml.
While there was hail in parts of Limpopo, the province did not experience significant rainfall.
Johannesburg environment and infrastructure mayoral committee member Matshidiso Mfikoe told News24 while the rain could bring some relief, it would not be enough to fundamentally shift the city's situation where demand often exceeded supply.


"It will relieve us somehow, but we still need to save."
Large hailstones, some almost the size of tennis balls, and the stormy weather wreaked havoc in Limpopo and the East Rand on Monday.
In Brakpan, at least eight cars were reportedly trapped under the fallen roof of a Caltex station.
Netcare 911 said no-one was injured in the incident.

PHOTOS: Vegetarians go to crazy extremes to celebrate not eating meat

October 20, 2015
There is nothing that speaks ‘I do not consume meat’ like ramming enomous spikes in your face. 
Its Thailand’s annual vegetarian festival, It started this week, known in thailand as ‘Teskan Gin Jay’.
It happens in over ten days and began over 150 years ago on the island of Phuket, some 840 km (520 miles) south of Bangkok.
The festival takes place over ten days (Picture: REUTERS/Jorge Silva)



A devotee of the Chinese Samkong Shrine walks with spikes pierced through his cheeks (Picture: REUTERS/Jorge Silva)

Tsvangirai has associated himself with Mai Mujuru

September 14, 2015




Morgan Tsvangirai

Fidelis Munyoro and Samantha Chigogo
Opposition MDC-T leader Mr Morgan Tsvangirai yesterday admitted he was in discussions with expelled former Vice President Dr Joice Mujuru for a possibility of working together in a bid to dislodge President Mugabe and Zanu-PF from power in 2018.

Working with the opposition to undermine Zanu-PF was one of the charges Dr Mujuru faced as she was fired from Zanu-PF and Government.

However, Mr Tsvangirai said they had not reached a point of negotiating for a coalition given that Dr Mujuru was still to form a political party. “How is it a coalition when the people involved have not even discussed the issue . . . discussions about discussions are not coalitions, any coalition is based on institutional relations not individuals,” said Mr Tsvangirai in an interview with ZiFM last night.

“Mai Mujuru has not launched a party. You can’t talk of a coalition of Mujuru and Tsvangirai when she has no party.”

Mr Tsvangirai did not rule out the coalition with Dr Mujuru saying: “It is not cast in stone. We are open to discussion. We are open to converse about what are the possibilities for the country . . .”

On whether he was ready to deputise Dr Mujuru in the event of an opposition coalition winning the election, Mr Tsvangirai was evasive, pointing to a potential leadership tussle should westerners who are believed to be trying to get Tsvangirai and Mujuru together have their way.

He said coalition partners would have the mandate to decide who among them should be the leader of the country.

Turning to the presidential term limits, Mr Tsvangirai said he was not prepared to stand down as long as his supporters showed confidence by retaining him.






Mr Tsvangirai has been at the helm of the MDC-T for 16 years now after tinkering with his party’s constitution. The party holds congresses every five years to choose their leadership and Mr Tsvangirai has always manipulated his way to stay in power.

“I can’t stand up there and say because some people feel that I have stayed long when my own congress feel they have confidence in me,” he said. “It flies in the face of democratic principles of subjecting yourself to the voice of the people.”

This resulted in some listeners slamming Mr Tsvangirai that if he could not run his party democratically, how would people expect him to run the country democratically.

Mr Tsvangirai in the interview also denied links with the US saying his party had roots in Zimbabwe.

But there was time when Mr Tsvangirai was forced to participate in the elections by the US government, arguing that would he expect to rule the country if he boycotted elections. In what appeared to be confirmation of the US’ growing displeasure at Mr Tsvangirai’s leadership style, Mr Gregory Simpkins, a director in the Subcommittee on Africa, Global Health, Global Human Rights and International Organisations, said local opposition parties could not criticise a system that they were not part of.

Mr Tsvangirai had vowed his party would not participate in any polls without electoral reforms amid reports that the former trade unionists had fallen out of favour with most of his party Western funders.

“Often times we have heard the opposition saying it is tough to compete, they have to find a way of being effective rather than just saying it is too tough to compete so we are not going to take part. If you do not take part in an election process, how can you criticise something that you did not even test?” Mr Simpkins queried

At the time Mr Simpkins made the remarks, he was in the country as part of a two-man US Congress delegation on an investigatory mission to find ways of mending relations between Harare and Washington

Tsvangirai was battling to ward off criticism of his decision with accusation he literally donated 16 parliamentary seats to Zanu-PF in June by-elections triggered by his recall of “rebels MPs”

Zesa Lazy Workers Must Be Fired

September 01, 2015
Just called Zesa Offices at 12:09pm on 04773314 to ask about stale debts and people Being made to pay Debts of Dead people and the now situation of Zesa refusing people in Dispute of Debts their rights according to dispute law which states People should pay current bills while dispute issues are in solving process.......... 

The Telephonists cut me after i had identified myself as a citizen journalist and Philanthropist, which is against the constitution of Zimbabwe, i then called again at 12:12pm demanding that she identify herself she then pretended to not hear me, Now I am wondering how these people are trained, Public Service Law states that anyone who works with the public should immediately identify themselves when asked to and they are not allowed to cut a call, ITS UNCONSTITUTIONAL, I demand zesa to fire the telephonist who answered 04773314 on Monday 1 September 2015 between 12:09pm and 12:13pm, These people are tarnishing the image of my nation because when people complain about service delivery they say Zimbabwe.....
THE TELEPHONIST MUST BE FIRED FOR GROSS NEGLIGENCE, in times like these many people are in desperate need of that JOB

Wake Up Zimbabweans

May 19, 2015
Established artists feel threatened by new talent and they make sure new talent in never heard, what a pity grown ups behaving like kids.the people they are now supposed to be mentoring and giving awards they compete with. This year awards i expect a difference, any nomination for local awards will be an insult to me, We cant expect Tuku to be competed with an artist that began music last year, he is our father figure in music and you cant compete Dr Clarence with producers who are his students, the same with other matured fellow producers like Sani Makhalima, Russo, Mac Dee, Lazzy T, Dj Mbale, this time we should be competing with Africa and we need real producers and real artists, there are few producers we cant expect to put us on the map with their music that sounds like cans and cowbells.

 I am appealing to Artists like Roki, Sani Makhalima, Ngoni Kambarami, Audius, Bee Kay and Kazz, Major E, Winky D, Africa music must be taken over, we need to be out there, Darula stop wasting your talent tryna make it in Zimbabwe, Africa needs you, Naijas and South Africans are no better than us, the starting point is let us stop imitating other peoples sound. Lets leave a legacy for future generations, enough of this Zimbabwean industry controlled by fools. Yesterday i came across a radio Dj posting himself in Zimbabwe's top 10 handsome list, when i discovered his age i felt pity for him, Millionaires in Zimbabwe busy taking selfys and putting them on social media people like Strive Masiiwa busy doing developmental Projects that concern Africa. Just look around you, how many jobs has econet created? Yet some grown men want to overtake Telecel. You wanna be successful? Philanthropy is the highest stage of success.

Crimes of Xenophobia, South Legal Obligation

April 20, 2015
Crimes of Xenophobia, South Legal Obligation

By Dr Clarence (Human rights Defender)
The Zulu Kings Speech is all evidence we ever need in court to make this so called Xenophobia a genocide, Zulu Kings speech shows intent ant intent is what makes it Genocide. Of cause its a xenophobia but genocides occurred during the Xenophobia.
Xenophobia is when doors are opened and foreigners are driven out, Genocide is when doors are closed and foreigners are Killed. People are afraid of using the term "genocide" but genocide occurs far often than people think. Finally, it is frequently said that the word genocide is avoided because invoking it would create a legal obligation to act to prevent or stop it by the location state.

Dec 10, 1998, South Africa signed and ratified or acceded to the international agreement of The
Genocide Convention treaties to prevent and punish actions of genocide in war and in peacetime. Zulu King must be punished.

Someone lost a Parent, source of livelihood school fees, Who will educate and feed the Victims Children.South Africa should compensate, Children of Xenophobia victims should be given Child Support by South Africa, Their school fees should be paid by south Africa until they don't wanna school anymore, on top of that the salaries of the victim should be paid by South Africa to their husbands, Wives and Children, inclusive of promotions probabilities and allowances,
South Africa Should compensate all funeral Expenses, Pay for damages like emotional stress, artificial disaster, life long distress, Someone will forever be disturbed by the horrific images of a video of their mother, father, child relative being killed on a video they unknowingly stumbled upon on whats-app.South Africa should pay.

Those who where injured and disabled during this Xenophobic Genocide should be compesated too.

Africa Union Should address this immediately, if not i will personally sue South Africa, Xenophobia is the last Stage of Human Rights abuse, The Zulu King should be Tried for inciting violence, he argues he has been misquote, come on, his speech is all over the web, is that a misquote, this Zulu guy thinks he can fool us like we are his Kids.

No international relations is more important that a human life, Investors should also be compensated, Zimbabweans and other Africans who own shops in South Africa should be compensated their investments and opportunity costs, “An economy characterized by violence and lawlessness is not good for investment.

Most of the foreigners being attacked own spaza shops and have been forced to flee with whatever they can take with them. People who had similar businesses can now trade with less competition.





March 19, 2015

Mujuru summoned to High Court

Dr Mujuru

Fidelis Munyoro Chief Court Reporter
Former Vice President Dr Joice Mujuru has been summoned to an edict meeting set for today at the High Court to appoint an executor of the estate of her late husband General Solomon Tapfumaneyi Mujuru.

Relatives and other interested parties have also been advised to attend the crucial meeting.

Gen Mujuru died in an inferno at his Ruzambo Farm in Beatrice in 2011.

He is believed to have had many children out of wedlock, with some of the children reportedly now living in the United States, Canada, Australia, the United Kingdom and South Africa.

Master of the High Court Mr Eldard Mutasa yesterday confirmed that the edict meeting will be held today.

“We have already notified the family of this meeting through their lawyers Kantor and Immerman,” said Mr Mutasa.

“The purpose of the meeting is to appoint an executor dative who will administer this estate,” read the invitation.






“We will also discuss the assets and liabilities of the estate, identify potential beneficiaries and any other business relating to the estate. Please inform the next of kin, deceased’s relatives and any or interested parties about the date and time of the meeting so that they can also attend.”

The edict meeting comes at a time when Dr Mujuru reportedly challenged those who are claiming to be Gen Mujuru’s children born out of wedlock to undergo paternity tests as the fight for the national hero’s estate gets nasty. Gen Mujuru’s estate is believed to run into billions of dollars.

He was ranked among the richest Zimbabweans with business interests cutting across almost all sectors of the economy, from diamonds to chrome.

General Mujuru’s will has disappeared, forcing one of his children Tendai to seek legal action after the national hero’s widow failed to register his estate in terms of the law.

According to the Administration of Estate Act Chapter 601 Section 5, the estate should have been registered within 14 days of Gen Mujuru’s death.

Dr Mujuru was supposed to have registered the Estate in her capacity as the closest person to the deceased, although the law does not bar intended beneficiaries from doing so.

Mugabe boosts Victoria Falls

March 03, 2015

Traders enjoy brisk business in Vic Falls





“Mosi oa Tunya” . . . One of the Seven Wonders of the World

Herald Reporter
The 29th edition of the 21st February Movement celebrations held in Victoria Falls at the weekend attracted tourists from all over the world. At least 20 000 local delegates graced the occasion, while tourists from across the globe thronged the resort town to ensure their visits coincided with the birthday bash.

Director of This and That Safaris and Tours Mr Thembinkosi Dube said his company got many foreign tourists who scheduled their visits to coincide with the 21st February Movement celebrations.

“The bash attracted many people and we also got foreign tourists who came mainly for the birthday celebrations, although they remained here after the event for their normal tour,” he said.


Chairperson of the Hospitality Association of Zimbabwe for the Victoria Falls chapter and a manager at Elephant Hills Resort, Mr Trythings Mutyandasvika said all hotels and lodges in the town were fully booked and that the transport industry had been busy from February 26 to 28.

“We had three days of brisk business around the town, he said. On February 27 and 28, all hotels and lodges in the town were fully booked. Safari and tour operators and other service providers also enjoyed the great event that attracted scores of people from all over the country and beyond our borders.”

Mr Mutyandasvika said February was normally a quiet month in terms of business in the resort town, but the celebrations had brought some life to Victoria Falls.

Umguza National Assembly member Cde Obert Mpofu said hosting of the event was a blessing for Matabeleland North province.

“Apart from being a very successful occasion, it has actually raised the flag not only of Victoria Falls, but for the province at large,” he said.

Matabeleland North Minister of State for Provincial Affairs Ambassador Cain Matema said, “We feel honoured to host the celebrations this year and everyone in Victoria Falls has benefited business-wise. Business was high for the hotels, lodges, safaris and tour operators in the town.

Zesa Cancelled

March 03, 2015

Felex Share Senior Reporter
The State Procurement Board has officially cancelled the Zesa Holdings tender for smart meters which had been inflated by former Energy and Power Development Minister Dzikamai Mavhaire with the intention of getting kickbacks from potential bidders.
The 300 000 smart meter tender was cancelled following a request by the Zimbabwe Electricity Transmission and Distribution Company which argued that there were no such potential sites countrywide in need of those units.
Cde Mavhaire and his erstwhile deputy Cde Munacho Mutezo had forced Zesa officials to tender for such a bloated figure, yet the pair was advised that the power utility needed only 60 000 meters.
ZETDC managing director Engineer Julian Chinembiri yesterday confirmed the cancellation of the $120 million tender, saying another one would be floated soon.
“The tender has officially been cancelled and the State Procurement Board has written informing us of the cancellation of the tender,” he said. “We are now going to have another one indicating the exact number we want, which is in the range of 60 000.”
Minister Mavhaire
Cdes Mavhaire and Mutezo allegedly wanted more smart meters so they could get more money through kickbacks, with each bidder expected to pay a certain amount per meter to oil their hands.
Eng Chinembiri said the power utility would begin with a pilot project of 10 000 smart meters, a move which initially had been quashed by the two, who described it as a waste of time.
“We are preparing the papers and by the end of this week we would have submitted them to the SPB for them to invite potential bidders for the pilot project,” he said.
“Suppliers should have their funding and on the pilot project, we need to have four or five suppliers, supplying different types of meters. This is for us to test inter-operability. We are also going to test the communication part of the meters, that is they are going to be installed in different parts of the country while we will be monitoring them in Harare.”
Expectations are that the smart metering technology, which reports to the centre any meter by-passing, would curb power theft and increase revenue generation as compared to pre-paid meters.
Eng Chinembiri said while the pilot project would be under way, the power utility would be carrying out an audit to establish the exact number of properties in need of smart units.
“We have to see how many large power users we have countrywide, but we are working with about 60 000,” he said. “These are customers who use above 100 amps.”
More than 300 companies had already bought tender documents on the initial tender.
Zesa has been losing more than $10 million in revenue every month due to defects which are on the pre-paid meters supplied by ZTE from China, Nyamazela of South Africa and local firms Finmark and Solahart. As a stop gap measure, Zesa is now mounting prepaid meters on poles instead of houses to curb tampering and power theft.
More than 540 000 units of pre-paid meters have been installed since August 2012.

Telecel Saga New Twist

March 02, 2015




Telecel has only paid a fraction of its licence renewal fee to allow it to operate for the next 20 years

Business Reporters
SOME shareholders of the Empowerment Corporation, a 40 percent shareholder in Telecel Zimbabwe, say there was no agreement between EC and Brainworks Capital regarding the sale of EC’s stake in the country’s second biggest mobile phone company.

As the shareholding saga deepens, Dr Jane Mutasa, a significant founding shareholder in EC, said that she was not part of the purported meeting that is said to have approved the transaction to sell the stake to the locally registered private equity firm.

Magamba Echimurenga, another founding EC shareholder, said the planned disposal of EC’s shareholding in Telecel was illegal as it was being pushed through illegitimate structures in an elaborate scheme designed to swindle them out of their shares.

Magamba Echimurenga chairman Mr Andrew Ndlovu said exiled businessman James Makamba’s Kestrel Corporation, Dr Mutasa-led women’s group IBWO, her investment vehicle Selpon Investments and Magamba Echimurenga were the only fully paid up members of EC with legal authority to make decisions on behalf of the entity.

“We were never part of that meeting (which allegedly approved the sale of EC’s stake in Telecel). Only fully paid up members have the legal authority to decide on that in a legal procedure and according to the Companies Act,” Mr Ndlovu said yesterday.

Mr Ndlovu said other original prospective shareholders in EC, namely Zimbabwe Farmers’ Union, National Liberation War Veterans’ Association of Zimbabwe, Integrated Engineering Group (fronted by Leo Mugabe) failed to pay for their allocation.

He added that there were illegal attempts to sneak back in beneficiary groups that failed to pay for their shares and legalise their entitlement while at the same time booting out legitimate shareholders.

“They may think that this is the end of the story, but what they do not know is that it could be the beginning of unending legal battles in Empowerment Corporation,” he said.
Mr Patrick Zhuwao, whose role as chief executive of EC is being contested, told this paper last Friday that shareholders had accepted the offer after taking into account that the company was operating without a licence after failing to pay for its renewal.

He said the meeting also resolved to revert to the original shareholding structure that prevailed when the Government issued Telecel with a licence in 1998 to empower locals.

Dr Mutasa said she was never part of the meeting that approved the sale and that whatever was agreed at the purported extraordinary general meeting was illegal.

“We were not part of that meeting and whatever was agreed on is null and void,” said Dr Mutasa.

“We were given the licence by His Excellency President Mugabe to empower Zimbabweans and why the talk about selling the shares? I don’t even know who Brainworks is and someone is now claiming that I have agreed to sell my shares.

“Someone is playing games and it’s not fair. It is not in the best interest of indigenisation.

“After all, if any partner decides to sell their shareholding, the first right of refusal should be offered to existing shareholders. We want the right procedures to be followed,” she said.

Dr Mutasa said there was nothing wrong with accommodating other supposed beneficiaries who failed to pay for their shares, but it should be done properly.

Dr Phillip Chiyangwa, another founding shareholder who later sold his stake, said any actions on Telecel should be co-ordinated between the Government and EC. He said the licence was given to EC primarily as a way of empowering indigenous Zimbabweans.

“So any move to reverse that arrangement should be dismissed with the contempt it de- serves.

“What should be happening in Telecel is reconstitution of the shareholding of the foreign partner who has failed to pay for licence renewal. This does not make sense at all,” said Dr Chiyangwa.

“What Brainworks needs to understand is that the licence was issued as a way of broad-based empowerment of Zimbabweans and that arrangement should be maintained,” he said.

Dr Chiyangwa added that although there were shareholding wrangles in EC, any measures to resolve them should be taken in the spirit of maintaining that objective.

Efforts to get a comment from Mr Zhuwao were fruitless by the time of going to press.

The Gideon Gono story and the Abused Girl

March 02, 2015
This girl,her parents passed on when she was young, a beautiful girl, she didn't do so well in school, Her fathers sister brought her to Chitungwiza to help her with the kids for no pay, After a while her aunt didn't want her anymore and she forced her to move with this drug addict guy, He cut her hair, no he beats her everyday and i said to myself motherf***s um gonna call the police for you, If you wanna help your unfortunate relatives, don't turn them into your house girls or pimp them for your own benefit, SEND THEM TO SCHOOL, if they cant do well in academics, SEND THEM TO A TECHNICAL SCHOOL, There is still hope you might be 30 but if you work hard by the time you reach 40 you may be holding yourself a bachelors degree, a journey person licence, the least you can get is a drivers license at least, don't just Pray, work and Pray,

You might not have a single O Level now but ten years from now you should have changed that, If you write one subject a year if you are 40 now by the time you reach 45 you will be holding 5 O Levels, and by 50 you will hold a degree, if you are 25 you can even start from grade one so whats your excuse.

If you are too lazy the eat lots of food you will be a bouncer in less than two years. If you cant afford then go to prison there is free food, accommodation and free education, you will walk out with a degree. Alternatively you can correspond with universities Like University of London and UNISA is very affordable, Online degrees are cheaper with Indian universities,

Gideon Gono was a teaboy at 18 in 1977, ten years later he was a Finance Manager at the Zimbabwe Development Bank (ZDB) in 1987. When he left the Zimbabwe Development Bank in 1995, he had risen to the post of General Manager. at 18 he didn't know the door  to a class he corresponded his way up in other words he started form 1 at 18,










Zimbabwean women are on the rise, now they drive and buy houses more than men because women are not shy to go to school at an old age even with a baby on the back a woman will get up and work, so if you know any girl or boy, man or woman who is like the girl mentioned at the beginning of this article,be their miracle, inspire them, the simple phrase "you can do it"  is worth more than any money you can give, we have problems we are complaining about now but people ten years fro  now if we still have the same complains then, we are idiots.

Zesa price goes Up

February 25, 2015

Felex Share Herald Reporter
Zesa Holdings has said it will have to raise electricity tariffs by six percent to cater for salary arrears amounting to $117 million arising from a gazetted 2012 collective bargaining agreement which management ignored.
The power utility conceded bungling by not honouring the collective bargaining, but is arguing that abiding by the award will result in the payroll shooting by $5,6 million per month, a figure that can only be raised through increasing tariffs.
The arbitrary award, which would have a heavy bearing on electricity consumers, was granted by retired Supreme Court judge Justice Ahmed Ebrahim and Professor Emmanuel Magade.
Zesa Holdings is now offering the workers $21 million spread over four months, arguing that their demands were “unrealistic.”
Instead of paying the collective bargaining award when it was still affordable, the Zesa management for the past three years unsuccessfully contested the result which came out as a result of Statutory Instrument 50 of 2012.
Now, the figure has ballooned and has to be backdated.
The dispute is also likely to cost Zesa another $5 million in tax liabilities, according to calculations by the Ministry of Energy and Power Development.
Zesa head of finance Mr Eliab Chikwenhere said the firm was in a “parlous financial situation” and its liabilities exceeded the assets.
He said in any case, Zesa needed to raise tariffs to meet its obligations.
Responding to the ruling yesterday, a Zesa senior executive said any compliance with the award meant an increase in tariffs.
He said the firm was prepared to part with only $21 million to avoid increasing tariffs and burdening consumers.
“The demands by the workers are unrealistic, but we have come up with a concessionary figure which reflects what the business can pay,” said the senior executive.
“We admit we signed an agreement and we have to comply, but as a gesture of goodwill this is what we can afford. First and foremost, before any considerations, Zesa should be able to generate electricity and that is why we have $21 million as our maximum figure.”
Added the senior executive from Zesa: “Implementing the award will require a six percent tariff increase to meet the $5,6 million additional figure per month of the current payroll. This will burden the already overburdened consumer as well as impacting negatively on service delivery.”
The collective bargaining agreement provided for Zesa to effect a minimum increment of $275 and 12 percent grade differentials, 2,5 percent step (notch) differentials, non-pensionable allowance (30 percent of basic salary), $70 transport allowance and $23 canteen allowance (grade 1 to D2) with effect from January 2012.
In their ruling, Justice Ebrahim and Professor Magade said the power utility should honour the collective bargaining agreement and conduct a re-grading exercise.
They said Zesa should start paying employees according to qualification and seniority.
“The claimants should comply with the National Employment Council salary scales arising from the 2102 CBA,” reads the ruling.
“The claimants should, consequently, conduct a re-grading exercise so that all their employees are placed in their correct grades in the NEC salaries scales, according to each employee’s qualifications, date of entry into service and any other relevant factors, irrespective of the grade such employee currently occupies under the Zesa scales.
“This exercise should be back-dated until the date on which SI 50 of 2012 came into effect and any salaries and benefits should be calculated from that date, and should be completed within six months of the date of this award. Any back-payment should be paid within that period.”
No employee, the ruling stated, should, as a result of the re-grading exercise, receive salary or benefits lower than he or she currently received.
The arbitrators, while acknowledging Zesa was “not fully delivering what it ought to”, said it had created legitimate expectations among the workers and should honour that.
Reads the ruling: “Whilst it is true that public policy dictates that an award which has the effect of driving the employer into insolvency should not be made, it is equally true that where an employer has entered into an agreement with his employees he creates legitimate expectations amongst the workers. Public policy becomes something of an unruly horse which gallops in multiple directions.”
According to the Ministry of Energy and Power Development, the least worker is owed $1 628, while the highest paid (skilled) worker should get about $2 418.
But workers, through the Zimbabwe Energy Workers Union, claim the liabilities to be $5 607 and $37 102, respectively.
The power utility has more than 7 000 workers countrywide.

Dr Clarence Opinion
These guys are not being reasonable,hamukwidze price of a commodity just becoz mukuda ku cover zvikwereti, Makaita zvikwereti because makatadzabasa, Prices should only go up when maresources need to produce electricty adhurawo, not for zvikwereti,Saka ka TMakaita zvikwereti zvevashandi otengesa chingwa 2 dollars here? Kuba ka uku, Nharooooooooooooooooooo

Zimbabwe over-regulated, Municipal Police now clamping Vendor Carts,

February 24, 2015
WHAT A WASTE

Now Harare Metropolitan Police is clamping Vendor Carts,
Such Heartlessness, such cruelty,worse than the devil himself, Most of these guys vakaendeswa kuchikoro nemusika now they have jobs thy have forgot the struggle, UNORWADZIWA NEI PAMUNHU AKUZVITSVAGIRA KAMARI KUTI ARARAMISE MHURI? Do you want them to die?
Zimbabwe ndeyedu tese, haisi yababa vako, This is too much Zimbabwe is too regulated, License for everything you  harass prostitutes, Honestly all this manpower and money could have been of use in Developing the nation,

Now there is a Talk of Developing a new capital City,We want running clean safe water in our houses, A new City is nothing when we are Hungry, We are humans we have feelings too! We have kids to fend for too! Lets us not be selfish,if you grab everything then what?

Demolitions of houses, Vendor Harassing, But what are you doing to solve community problems? This is real life for some of us, its not like some grudge primary school game,
Dr Clarence ( Citizen Journalist)

New Hope for Zimbabwe CHINA was worsethan us 100 years ago

February 21, 2015
China was worse than Zimbabwe only 100 years ago,
School was only for boys, There was n money for pens and pencils,Students had to make their ink from stone and water,

CHINA 100 years ago


CHINA now (100 years later)




If China did it why cant we?
The European Loans and European Investors Saved China,
Its our duty to push the same man who invited sanctions to get them stopped or we sue him,

In the past 100 years the world has been turned upside down.


In November 1911, European moneymen were flocking to Beijing.


A revolution had just toppled China’s last emperor, and the newborn Republic of China was penniless.

It was desperate for European loans to keep it afloat.

A century on, European moneymen (and women) are back in Beijing. But they are not there to lend to China.
cp14

Like Our new page and share if you have any usefull information that may help Zimbabwe
https://www.facebook.com/pages/Movement-for-Democratic-Patriotic-Front/1414409902193242?ref=hl

Subscribe to: Posts (Atom)