The ugly situation in Zimbabwe was reflected in the pitiful budget of $4 billion announced by Finance Minister Chinamasa on Thursday. The budget is even smaller than last year’s. To put it in perspective, the money involved is less than half the annual turnover of the South African food retailer Shoprite . . .
We are going to have a very subdued Christmas this year. In the 30 months since the 2013 elections that gave us an old/new government our economy has shrunk dramatically, confidence in the business sector has not recovered and if anything, has declined still further. If you have assets in the stock markets you are two thirds poorer than in 2013. The season is not looking good, a regional food deficit of record proportions is looming, prices are declining but incomes are falling even faster and there are few signs that our leadership even understands what is wrong, let alone what to do about it.