Bread and butter issues in the midst of economic hardships in Zimbabwe… how are breadwinners coping with the tough times? (Part 2)

Bread and butter issues in the midst of economic hardships in Zimbabwe… how are breadwinners coping with the tough times? (Part 2) 1

By Paddington Masamha The Zimbabwean standards of living keep deteriorating. Basic living expenses such as housing, clothing, food, healthcare and transport are becoming pricy and unaffordable. Meeting the expenses of the most basic goods e.g. bread has been the daily struggle of most breadwinners. Paddington Masamha The country does not yet have a cost of living index (C.L.I) to act as a benchmark for price comparisons among cities, hence the heavy reliance on the Zimstat’s Consumer Price Index (C.P.I) publications. Outstandingly, border towns like Victoria Falls and Beitbridge have long been…

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Bread and butter issues in the midst of Zimbabwean economic hardships…. how are breadwinners coping with the tough times? (Part 1)

Bread and butter issues in the midst of Zimbabwean economic hardships…. how are breadwinners coping with the tough times? (Part 1) 2

By Paddington Masamha Without labouring with the knowledge sophistication within the finance and economics sphere, a general conversation with a primary school student would help anybody understand that in order to sustain a basic livelihood there are three elementary human needs. Zimbabwean primary level education introduces its students to food, shelter and clothing as the three basic human needs. Paddington Masamha This upfront knowledge is presented in form of family stories and case studies. The underlying concept within the stories is essentially to demonstrate that food, shelter and clothing are…

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May Day commemorations: Is there anything for the Zimbabwean worker to celebrate?

May Day commemorations: Is there anything for the Zimbabwean worker to celebrate? 3

By Paddington Masamha Readers and followers of this writer are primarily accustomed to macro-economic commentaries which largely focus on aggregates and large scale economic problems. However, a significant economic stakeholder- the employee; has not been given attention as a unit of analysis. As you and me celebrate Workers’ Day, let us cross-examine a few issues that warrant the attention of both government and non-government institutions. Paddington Masamha A commonly acceptable position is to start the conversation by establishing how crucial a worker (labour) is in an economy. Elementary economics provides…

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Paddington Masamha: Shadow Economy – Zimbabwe’s economic brain tumour

Paddington Masamha: Shadow Economy – Zimbabwe’s economic brain tumour 6

By Paddington Masamha The shadow (underground) economy is a major part of the Zimbabwean economy. A tangible number of urban and rural livelihoods are sustained by various incomes generated in these markets. Depending on time periods (pre- and post-election phases), government has been endeavouring to extinguish shadow markets. The most well-known cases include Operation Murambatsvina, Operation Chikorokoza Chapera (No illegal Panning), various operations against foreign currency dealers and vendors are recognizable amongst the most popular shadow economy eradication exercises. The post Paddington Masamha: Shadow Economy – Zimbabwe’s economic brain tumour appeared…

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Paddington Masamha: Shadow Economy – Zimbabwe’s economic brain tumour

Paddington Masamha: Shadow Economy – Zimbabwe’s economic brain tumour 7

By Paddington Masamha The shadow (underground) economy is a major part of the Zimbabwean economy. A tangible number of urban and rural livelihoods are sustained by various incomes generated in these markets. Depending on time periods (pre- and post-election phases), government has been endeavouring to extinguish shadow markets. Paddington Masamha The most well-known cases include Operation Murambatsvina, Operation Chikorokoza Chapera (No illegal Panning), various operations against foreign currency dealers and vendors are recognizable amongst the most popular shadow economy eradication exercises. Robustly, the shadow economy has remained unabated and evolved to…

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Paddington Masamha: Zimbabwe government’s unquenchable appetite for policy commandments

Paddington Masamha: Zimbabwe government’s unquenchable appetite for policy commandments 8

By Paddington Masamha Zimbabwean problems are multi-faceted. Pro-government analysts largely associate the source of our economic tribulations with the economic imperialism of the West currently being pursued in our motherland through sanctions. A contrasting view to this argument pinpoints dictatorship, limited democratic space, constrained economic freedom, massive systemic corruption and the decision making monopoly of one party among the most commonly cited reasons.   Paddington Masamha Emanating from an economic standpoint, a country’s economic system largely determines the functioning, growth and development of a nation. The Zimbabwean economic distress is…

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Paddington Masamha: Shortcomings and inconsistencies of the monetary regime in Zimbabwe

Paddington Masamha: Shortcomings and inconsistencies of the monetary regime in Zimbabwe 9

By Paddington Masamha The Zimbabwean monetary landscape has entered into a new financial locus. Through his 20 February Monetary policy statement, the Reserve Bank of Zimbabwe Governor has ‘with immediate effect’ transfigured our monetary system. The Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya Driven by the desire to maintain foreign currency market stability, the monetary authorities established ‘… an inter-bank foreign exchange market in Zimbabwe to formalise the trading of RTGS balances and bond notes with US$s and other currencies on a willing-buyer willing-seller basis through banks and bureaux…

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Paddington Masamha: Struggle for currency stability in Zimbabwe: The life of RTGS dollars in the multi-currency basket

Paddington Masamha: Struggle for currency stability in Zimbabwe: The life of RTGS dollars in the multi-currency basket 10

Paddington Masamha: Struggle for currency stability in Zimbabwe: The life of RTGS dollars in the multi-currency basket – Nehanda Radio Home 2019 March 7 Opinion Paddington Masamha: Struggle for currency stability in Zimbabwe: The life of RTGS dollars in the multi-currency basket Source: Nehanda Radio

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Paddington Masamha: Foreign and Domestic policy congruence…. a key FDI ingredient

Paddington Masamha: Foreign and Domestic policy congruence…. a key FDI ingredient 12

By Paddington Masamha Economic history is pregnant with case studies of nations which have magnetized sustainable foreign direct investments through maintaining clear, consistent and harmonious foreign and domestic policies. In contrast, since the early 2000 Zimbabwean local, regional and international policies have been higgledy-piggledy. As a result, Zimbabwean foreign direct investment (FDI) has been depressed. Paddington Masamha Fundamentally, the competition for FDI is aggressive the world over. As such, whenever foreign investors are evaluating potential investment destinations, major consideration is placed on the country’s institutions, policies (both foreign and domestic),…

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