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Showing posts with label Zimbabwe. Show all posts
Showing posts with label Zimbabwe. Show all posts

Saturday, September 18, 2010

Investing and Deinvesting In Zimbabwe

Investing and Deinvesting In Zimbabwe
When I first invested in Zimbabwe I was sure that Morgan Tsvangirai was going to win the presidency. I knew that Mugabe would not go quietly. I also knew that then President Thabo Mbeki of South Africa would be forced by world public opinion to act and push Mugabe into retirement if Morgan Tsvangirai won the election "fair and square." President Mbeki would not have sent the army crashing across the Zimbabwe border, as President Bush would have done. Rather he would have cut off the electricity and other support systems. Zimbabwe would have imploded quickly. Sadly Morgan Tsvangirai was deprived of the election victory that he had earned. A splinter faction in his own party gathered enough votes to deprive him of a clear election victory. A runoff election was called. Mugabe was able to marshal an army of thugs and intimidate voters into voting for the Zanu-PDF party.

My $18,000 to $20,000 US invested crashed to zero after this rigged election came about. For a poor man about to retire this was a huge loss. Fortunately other governments in the area forced Robert Mugabe to accept a power sharing government with Morgan Tsvangirai. The economy came alive and was full of hope for a while. My investment recovered from zero to $16,000 US at one point. I was full of hope.

My hopes were lost last month when I saw that elections had been called for 2011 and Morgan Tsvangirai's MDC party was going to split again. It was just a vicious circle with no hope. I sold off my hares at Imara SP Reid in Harare and ordered the money sent back to my pension account in Johannesburg. It appears that I recovered $12,971 US.

One of these days Robert Mugabe will die and South Africa will find itself in the same position as West Germany in 1989 when East Germany imploded. They will have to pick up the pieces in Zimbabwe at a huge cost to them.

Quand j'ai investi au Zimbabwe j'étais sûr que Morgan Tsvangirai allait remporter la présidence. Je savais que Mugabe ne serait pas aller tranquillement. Je savais aussi que, puis le président Thabo Mbeki d'Afrique du Sud seraient contraints par l'opinion publique mondiale à agir et pousser Mugabe à la retraite si Morgan Tsvangirai a remporté l'élection "juste et honnête." Le Président Mbeki n'aurait pas envoyé l'armée s'écraser à travers la frontière du Zimbabwe, comme le président Bush aurait fait. Au contraire, il aurait coupé l'électricité et autres systèmes de soutien. Zimbabwe aurait implosé rapidement. Malheureusement, Morgan Tsvangirai, a été privé de la victoire électorale qu'il avait gagné. Une faction dissidente de son propre parti réuni suffisamment de voix pour le priver d'une victoire électorale claire. Un second tour de scrutin a été appelée. Mugabe a été en mesure de mobiliser une armée de voyous et d'intimider les électeurs à voter pour le parti ZANU-PDF.

Mon $ 18,000 à $ 20,000 US investis s'est écrasé à zéro après cette élection truquée a vu le jour. Pour un pauvre homme à la retraite ce fut une perte énorme. Heureusement d'autres gouvernements dans le domaine forcé Robert Mugabe à accepter un pouvoir du gouvernement de partage avec Morgan Tsvangirai. L'économie a repris vie et a été plein d'espoir pour un certain temps. Mon investissement récupéré à partir de zéro à 16.000 $ US à un moment donné. J'étais plein d'espoir.

Mes espoirs ont été perdus le mois dernier quand j'ai vu que les élections avaient été appelés pour 2011 et le parti MDC Morgan Tsvangirai allait diviser à nouveau. C'était un cercle vicieux sans espoir. J'ai vendu mon lièvres à Imara SP Reid à Harare et a ordonné l'argent renvoyé à mon compte de retraite à Johannesburg. Il semble que j'ai récupéré 12.971 $ US.

Un de ces jours, Robert Mugabe va mourir et l'Afrique du Sud se trouvera dans la même situation que l'Allemagne de l'Ouest en 1989, lorsque l'Allemagne a implosé. Ils devront ramasser les morceaux au Zimbabwe, à un coût énorme pour eux.

Quando eu investidos no Zimbabué eu tinha certeza de que Morgan Tsvangirai ia ganhar a presidência. Eu sabia que Mugabe não iria tranquilamente. Eu também sabia que o então presidente Thabo Mbeki da África do Sul seria forçado pela opinião pública mundial para agir e pressionar Mugabe para a reforma se Morgan Tsvangirai venceu as eleições "justas e quadrado." Presidente Mbeki não teria enviado o exército bater em toda a fronteira com o Zimbabwe, como o presidente Bush teria feito. Ao contrário, ele teria cortado a eletricidade e outros sistemas de apoio. Zimbabwe teria implodido rapidamente. Infelizmente, Morgan Tsvangirai, foi privado da vitória nas eleições que ele tinha ganhado. Uma facção dissidente do seu próprio partido reuniu votos suficientes para privá-lo de uma vitória eleitoral clara. Um segundo turno foi chamado. Mugabe foi capaz de organizar um exército de assassinos e intimidar os eleitores a votar para o partido Zanu-PDF.

Meu $ 18.000 a $ 20.000 E.U. investido caiu para zero depois de este manipuladas eleição aconteceu. Para um pobre homem prestes a se aposentar esta foi uma enorme perda. Felizmente, outros governos na área forçado Robert Mugabe a aceitar um governo de partilha do poder com Morgan Tsvangirai. A economia se tornou viva e cheia de esperança por um tempo. Meu investimento recuperado de zero a 16 mil dólares americanos E.U. em um ponto. Eu estava cheio de esperança.

Minhas esperanças foram perdidas no mês passado quando eu vi que as eleições haviam sido chamados em 2011 e parte do MDC, Morgan Tsvangirai, estava indo para dividir novamente. Foi apenas um círculo vicioso sem nenhuma esperança. Eu vendi meu off lebres em Imara SP Reid, em Harare, e ordenou que o dinheiro enviado de volta à minha conta de pensão, em Joanesburgo. Parece que eu recuperei E.U. 12,971 dólares.

Um destes dias Robert Mugabe vai morrer e África do Sul encontra-se na mesma posição que a Alemanha Ocidental em 1989, quando a Alemanha Oriental implodiu. Eles terão que juntar os cacos no Zimbabué, a um custo enorme para eles.

Toe ek die eerste belê in Zimbabwe was ek seker dat Morgan Tsvangirai gaan die presidensie was om te wen. Ek het geweet dat Mugabe nie sou stil gaan. Ek het ook geweet dat as President Thabo Mbeki van Suid-Afrika sal deur die wêreld gedwing word om die openbare mening te tree en Mugabe in aftree stoot as Morgan Tsvangirai die verkiesing gewen het "'n eerlike en plein." President Mbeki sal nie die laer gestuur het oor die Zimbabwe gekraak grens, soos president Bush sou gebeur het. Eerder sou hy afgesny het die elektrisiteit af en ander steun stelsels. Zimbabwe het baie vinnig sou imploded. Ongelukkig is beroof Morgan Tsvangirai van die verkiesing oorwinning dat hy verdien. 'N splinter-faksie in sy eie party hom versamel genoeg stemme te ontneem van' n duidelike verkiesing oorwinning. 'N afloop verkiesing genoem. Mugabe was in staat om 'n leër van boosdoeners te beampte en intimideer kiesers in te stem vir die Zanu-PDF-party.

My $ 18,000 tot $ 20,000 US belê crashed tot nul na die verkiesing gekom het, getuig. Vir 'n arm man af te tree oor hierdie was' n groot verlies. Gelukkig ander regerings in die gebied gedwing om Robert Mugabe 'n magsdeling regering met Morgan Tsvangirai te aanvaar. Die ekonomie het in die lewe en is vol hoop vir 'n rukkie. My belegging verhaal van nul tot $ 16,000 US op 'n punt. Ek was vol van hoop.

My hoop is verlede maand verloor het toe ek sien dat verkiesings geroep het vir 2011 en Morgan Tsvangirai se MDC party was om weer te gaan verdeel. Dit was net 'n bose kringloop met geen hoop. Ek verkoop my af by Imara SP hase Reid in Harare en gelas om die geld terug gestuur na my pensioen rekening in Johannesburg. Dit blyk dat ek $ 12,971 US verhaal.

Een van hierdie dae Robert Mugabe sal sterf en Suid-Afrika sal vind homself in dieselfde posisie as Wes-Duitsland in 1989 toe Oos-Duitsland imploded. Hulle moet die stukke optel in Zimbabwe op 'n groot koste vir hulle.

當我第一次在津巴布韋的投資,我相信,摩根茨萬吉拉伊將要贏得總統寶座。我知道,穆加貝將不會坐以待斃。我也知道,當時的總統塔博姆貝基,南非將被迫由世界公眾輿論的行為,推到退休,如果穆加貝摩根茨萬吉拉伊贏得了選舉“公平,公正。”姆貝基總統也不會派軍隊越過津巴布韋的邊界崩潰,布什總統會做。相反,他會切斷電力和其他支持系統。津巴布韋將很快被引爆。可悲的是摩根茨萬吉拉伊被剝奪了選舉的勝利,他贏得的。一個分裂派在他自己的政黨聚集足夠的票數來剝奪他一個明確的選舉中獲勝。一個被稱為徑流選舉。穆加貝能夠元帥的軍隊暴徒和恐嚇選民將投票的津非PDF格式的一方。

我的18,000元至20,000元至零墜毀美國投資經此選舉舞弊來的。對於一個貧窮的人即將退休,這是一個巨大的損失。幸運的是在該地區其他國家的政府被迫接受羅伯特穆加貝分享權力的政府與摩根茨萬吉拉伊。經濟來活著,是充滿希望的一段時間。收回我的投資從零到16,000元美國在1點。我是充滿希望。

我的希望都失去了上個月,當我看到選舉已經要求2011年和摩根茨萬吉拉伊的民主變革運動黨將再次分裂。這僅僅是一個惡性循環,沒有希望。我賣掉了我的野兔在伊馬拉警司里德在哈拉雷,並下令錢送回我的退休金帳戶在約翰內斯堡舉行。看來,我收回12.971美元美元。

這些天的一個羅伯特穆加貝將死於和南非將發現自己在同樣的位置,這是由於德國在1989年時,東德破裂。他們將不得不收拾殘局的津巴布韋了巨大的成本給他們。

عندما كنت أول استثمار في زيمبابوي كنت واثقا من أن مورغان تسفانجيراي على وشك أن يفوز بالرئاسة. كنت اعرف ان موغابي لن تذهب بهدوء. كنت أعرف أيضا أنه بعد ذلك سيضطر الرئيس ثابو مبيكي رئيس جنوب أفريقيا لدى الرأي العام العالمي للعمل ودفع موغابي على التقاعد إذا مورغان تسفانجيراي فاز في الانتخابات "نزيهة ومربعا." والرئيس مبيكي لم يكن لديك ارسل الجيش الاسرائيلي عبر الحدود تسقط زيمبابوي ، والرئيس بوش قد فعلت. وبدلا من أن انقطعت الكهرباء ونظم الدعم الأخرى. كان انفجر زيمبابوي بسرعة. للأسف حرمت مورغان تسفانجيراي من فوزها في الانتخابات التي حصل. وتجمع الفصائل المنشقة في حزبه ما يكفي من الأصوات لحرمانه من الفوز في الانتخابات واضحة. ودعوا إلى انتخابات الاعادة. وكان موغابي قادرة على حشد جيشا من البلطجية وتخويف الناخبين الى التصويت لصالح حزب زانو ، قوات الدفاع الشعبي.

تحطمت بلدي 18،000 دولار إلى 20،000 دولار أمريكي استثمرت إلى الصفر بعد هذه الانتخابات مزورة وجاء عنه. عن رجل فقير كان على وشك التقاعد هذه خسارة كبيرة. لحسن الحظ الحكومات الأخرى في المنطقة اضطر روبرت موغابي لقبول تقاسم السلطة مع الحكومة مورجان تسفانجيراي. وجاء هذا الاقتصاد على قيد الحياة ، وكانت مليئة بالأمل لفترة من الوقت. تعافى الاستثمار بلدي من صفر إلى 16،000 دولار أمريكي في نقطة واحدة. وأنا مفعم بالأمل.

وتأمل بلادي فقدت الشهر الماضي عندما رأيت أنه قد دعا الى اجراء انتخابات في عام 2011 ، وحزب حركة التغيير الديمقراطي مورغان تسفانجيراي على وشك الدخول في تقسيم مرة أخرى. وكان مجرد حلقة مفرغة بلا أمل. بعت من الأرانب البرية وجودي في العمارة س ريد في هراري وأمر الأموال التي أرسلها إلى حساب معاش زوجي في جوهانسبرغ. ويبدو أن استرجعت الولايات المتحدة 12،971 $.

واحد من هذه الأيام روبرت موغابي ستموت ، وجنوب افريقيا وسوف تجد نفسها في نفس الموقف في ألمانيا الغربية عام 1989 عندما انفجر في ألمانيا الشرقية. وسيتعين عليهم ان نستدرك في زيمبابوي بتكلفة ضخمة لهم.
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Tuesday, November 17, 2009

Zimbabwe Rebuilding Moves Forward In Earnest

Business Day (Johannesburg)

Southern Africa: SA Losing Out to Neighbours in Zimbabwe

Charlotte Mathews

17 November 2009




Johannesburg — SA's neighbours, particularly Botswana, are gaining substantial market share in Zimbabwe at SA's expense, South African Chamber of Commerce and Industry CEO Neren Rau warned yesterday.

Rau's remarks came shortly after government spokesmen from Zimbabwe and SA confirmed the two countries would sign a long-awaited protection deal on November 27 which would protect South African investments in Zimbabwe.

Rau said Zimbabwe had 45bn to spend over 10 years on rebuilding its infrastructure, compared with SA's 100bn over three years, but SA's capital was largely committed and Zimbabwe's not. SA's economic growth rate this year was expected to be a negative 2% and Zimbabwe's a positive 4%.

Although SA's exports to Zimbabwe were now mainly basic goods such as industrial supplies and fuel, the chamber expected Zimbabwe's purchases of capital goods would increase over time.

Denis Worrall, chairman of conference organisers Omega Investment Research, said if the Southern African Development Community's 30-day deadline to Zimbabwe to implement a unity government was met, Zimbabwe needed to take certain steps to secure economic recovery.

Zimbabwe's problems were far greater than anyone realised. It had lost the ability to regenerate its economy and its capital base had been ruined, Worrall said.

Sanctions should be lifted as soon as possible and independent auditors should be used to administer international funding. But foreign investment would only work in a reformed environment, he said.

Zimbabwe had to rebuild its commercial farming sector, which had always been its tax base, while extending aid and advice to small- scale farming.

Control of the army and police had to be depoliticised as they had been discredited by their allegiance to one political party.

Tuesday, November 10, 2009

Zimbabwe Economy To Grow 15% Per Year

Zimbabwe says economy to rebound, grow 15% a year
9th November 2009
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Zimbabwe's economy may grow an average 15% a year for the next five years on a recovery in production and aggressive infrastructure development, Economic Planning Minister Elton Mangoma said on Monday.

Mangoma told reporters the economy - struggling to recovery from an economic meltdown - would expand 12,5% next year.

"During the period (till 2015), the economy is expected to grow by an average growth rate of 15% from a level of 3,7% in 2009," he said, after releasing a draft policy document.

"This will be achieved through the restoration of productive capacity and creation of new capacities, aggressive infrastructure rehabilitation and development."

The southern African country's economy went into freefall amid political upheaval and after the government seized white-owned commercial farms from 2000.

However, a unity government formed earlier this year has raised hopes of a recovery, although the bulk of hoped-for aid has not yet come. It managed to halt hyperinflation by scrapping the Zimbabwe dollar and allowing the use of several other currencies.

The Confederation of Zimbabwe Industries says factory output doubled in the first six months of the year and capacity utilisation had climbed to 32,3% from below 10%.

Mangoma said the government would sign an investment protection agreement with South Africa later this month and planned to increase mining royalty taxes and would hold auctions for mining claims.

"The bilateral investment promotion and protection agreement between Zimbabwe and South Africa is going to be signed here in Zimbabwe on the 27th of November. We've got an agreement ... which means there are no contentious issues," he said.

South Africa is one of the country's biggest investors but so far companies, from its southern neighbour and elsewhere, have been wary to move back into Zimbabwe.

Last week, the government proposed in a draft law that Zimbabweans would take 51% ownership of all foreign companies, including mines and banks.

"We want investors everywhere to feel secure. We believe the document is very good and I'm sure the South Africans feel it is very good, that's why we're going to sign it," Mangoma said.

The government would look to tighten its mining royalty regime and link it to local shareholding.

"Virtually all our mining resources have been claimed by somebody. We'll be bringing in the 'use it or lose it' principle on the claims and we'll also be moving to auctioning of claims, as opposed to the payment of a pittance for claims," he said.

Zimbabwe has the second highest reserves of platinum in the world, after South Africa, and their mining sector makes up a bigger proportion of exports after the agriculture sector collapsed.

Edited by: Reuters

Saturday, April 25, 2009

Time Magzine Blasts Conditions In Zimbabwe

Even with a New Government, Conditions in Zimbabwe Worsen
By TIME'S CORRESPONDENT IN HARARE Saturday, Apr. 25, 2009
Anderson Moyo sells bread at busy market in the Harare surburb of Mabvuku.
Aaron Ufumeli / EPA / Corbis
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Tatenda Majiri, 22, hoists a calabash of home-brewed beer with some authority while discussing news of the day. But he has no confidence in the future. The social work student says he has lost hope of going back to school because the government-owned University of Zimbabwe (UZ) has been closed since last year. "Drinking is the only constructive activity I have," he says, as he passes the time in Nzvimbo rural township in Chiweshe, about 150 km north of the capital Harare. "What else can I do?"


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The UZ has been closed for over six months now. It ran on tuition fees and government subsidies. But both have vanished. Most of the college's students are the children of civil servants, who have to live on salaries of $100 a month. The government is too broke to inject funds into the institution, which was once the envy students all over Africa. Justifying his beer, Majiri says, "At least I am not into thievery like most of my colleagues who are subsidizing their income that way." (See pictures from the long reign of Robert Mugabe in Zimbabwe.)

Zimbabweans cheered when the government of national unity was formed in February by President Robert Mugabe and his erstwhile foe Morgan Tsvangirai, who is now the country's prime minister. But ordinary folks say they are not happy with what has happened since. Half the population of about 13 million is facing hunger; a raging cholera epidemic has claimed more than 4,000 lives since last year; and the economy has continued to be inert, as it has been for almost a decade now. The world economic crunch has not helped the situation. "We are yet to see results of this so-called government; rates are too high, unemployment is alarming and cholera is still claiming lives," says Mazvita Gonde a vegetable vendor in Harare. She was once a government clerk. (See how the Mugabe regime tried to bully the opposition into submission.)

Life is expensive and unbearable for the unemployed — who constitute more than 85% of the working age population — yet they are "expected to pay bills at the end of the month," says Gonde. Residents in the crowded suburbs of the capital shell out between $40 to $65 per month for rent. Additionally, water and electricity bills can be as high as $20 despite the fact that at least half the time there is no water and electricity. "It defies logic that we pay for electricity we do not have, refuse they do not collect and water that is dirty and frequently unavailable," Majiri rails. Meanwhile, he says, "our sick deteriorate at home and [the politicians] celebrated their 'marriage' in Victoria Falls using the very few resources we have at our disposal."

"Marriage" is a reference to the strategic planning meeting held by the government of former foes earlier this month. Mugabe and Tsvangirai, along with all ministers, gathered in the resort town of Victoria Falls to decide on how to improve government services in the next 100 days. "The country is cash-strapped but we hear they had gone to wine and dine," says Majiri. "We read that the ministers went on boat cruising, helicopter rides and stayed in a five-star hotel."

It all plays into the Zimbabweans' belief they live in a version of George Orwell's Animal Farm, where some animals are more equal than others. Just a day after the new government was sworn-in, all the ministers — almost 40 of them — were driving around in luxury Mercedes Benzes. They were allocated an all-terrain vehicle each. Their deputies were each assigned a luxury car as well.

All this happens at a time when Harare cannot supply safe water to its citizens. Had it not been for international relief organizations, many fear the death toll from the cholera outbreak would have been much higher, perhaps into the five digits. Cholera related deaths per day have since gone down but Oxfam's chief executive Barbara Stocking said the crisis has not ended. Said Stocking during a recent visit to Zimbabwe: "We have to expect a cholera epidemic and outbreak to happen again at the end of this year given that the water and sewage system is not working well. It's not going to be quick and easy to get an efficient water and sewage system fully working, so all the things that we did in the fight against cholera will certainly be needed again next year."

Cholera is confined to mostly urban areas; in rural areas hunger and HIV are wreaking havoc. "We have not had a decent harvest for years now," says a government official in the rural Chirumanzu district about 250 km south of Harare. "A number of deaths of people starving have been recorded here." The official adds, "Had it not been for donor organizations, the situation could have gone out of hand. The other problem is that with the high prevalence of HIV in this country, hunger has to be fought. Those taking [Anti-retroviral medications (ARVs)] need to have nutritious food otherwise the ARVs will not achieve anything. In fact they will worsen the situation."