2019 Mid Year Budget Analysis

2019 Mid Year Budget Analysis

I’ve had quite a few people ask me why I have judged the just-presented mid-term fiscal policy review so harshly. The reason is simple. That statement confirmed what I began to suspect was happening all along, particularly in the last few months. And that has been the reason for the massive upswing in the exchange […]

Mid-Year Budget Stinks

Mid-Year Budget Stinks

Just going to give a quick breakdown of why I say this budget stinks. It’s the numbers. First half, revenue $4.99 billion, and expenditure $4.2 billion, giving a surplus of some $0.8 billion odd. Second half projection, revenue $9.11 billion and expenditure $14.42 billion giving a deficit of $5.31 billion. Now two things wrong with […]

Statutory Instrument SI142 of 2019 abolished Multicurrency – will it work

With the full cocktail of measures unveiled by the RBZ and the MoF now public knowledge, the question on everyone’s lips is “Where to?” Or put differently, “Will it work?” What I can say is that the full cocktail of measures was something that we as Industry and Commerce recommended, but with a few twists. […]

Zim’s Parallel Market

Zim’s Parallel Market

Since my last rant regarding the RBZ and banks’ complacence and possible connivance regarding the failure of the interbank market, I have since got to learn that the elephant that is the parallel market is actually a far more structured and institutionalised setup that we always thought, and right now it is fighting for its […]

Disenchanted With The Zim Economy

Disenchanted With The Zim Economy

I’m increasingly becoming disenchanted with this Zim economy and particularly the genuineness of some of the key players to actually ensure things work. At the heart of our problems is the foreign currency management system, and the February MPS seemed like a giant step towards solving this problem permanently. Yet here we are two short […]

Tithing Lesson: Is it Mandatory?

Tithing Lesson: Is it Mandatory?

A friend asked me what I think about “tithes”. I feel it is a question worth answering publicly through a post, so that the facts are known to all. Mandatory tithing was introduced to the Israelites through Moses’ Law (Leviticus 27:30, Numbers 18:21-26, Deuteronomy 14:22-29), and was specifically meant to create provisions for the Levites, […]