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Post-election Zimbabwe: Yes, its complicated

If there ever was any doubt about the exact nature of the state Robert Mugabe - deposed in what has become known as a military assisted transition - back in November 2017, bequeathed us, then the events in the immediate aftermaths of the July 30 election, put paid to those lingering doubts. Zanu PF as a political formation is firmly in the unyielding grip of the military, and by implication, so is the state.



Events such as live bullets being fired on unarmed protesters, notwithstanding that the eyes of the world were fixated on the country, “lapses in command” resulting in the harassment of the very journalists the government is trying to persuade to push a favorable narrative of Zimbabwe externally, and reports of the army terrorizing citizens have played out for all to see. 
Never mind the blowback from these set of unfortunate events, occurring especially at a time when Mr Mnangagwa is trying to decouple himself from the repressive legacy of his predecessor, Robert Mugabe; Mr Mnangag…
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Record profits for OK Zimbabwe: Can the retailer sustain the momentum?

In keeping with the general earnings boost reported in the market, OK Zimbabwe announced a record growth in revenues of $582.5 million for the year ended 31 March 2018; its highest since dollarisation. OK`s revenues have been growing at an average annual rate of 25.5% for the past 9 years, as the leading retailer has been focused on expansion.



However this attractive trend in sales growth faces growing threats from the cut-throat competition for market share in Zimbabwe`s retail space, where margins are already wafer-thin. By its own admission, OK faces stiff competition from SPAR, seeking to establish itself under a new management structure, Pick n Pay as well as wholesalers doubling up as retailers such as N Richards, Metro Peach and Gain Cash and Carry.
Record Earnings The 23% growth in revenue from $472.4 million to $582.8 million in 2017 was attained against a backdrop of positive inflation experienced since February 2017, after a protracted period of price deflation. This trans…

Delta Corporation: Future earnings hinging on the watershed 2018 election and continued focus on the economic reform agenda

Delta Corporation has long been seen as Zimbabwe`s bellwether stock, reflective of the health of the overall economy. Lately, Delta has drawn some negative, though unsurprising reportage, with one of the country`s top dailies recently reporting that the company was left with a week`s worth of raw materials for the manufacture of sparkling beverages and Super Chibuku, its popular sorghum beer offering.

Stories such as these confirm what is visible by way of a mere cursory glance on the shelves of retailers countrywide. Delta Corporation`s product supply has been greatly affected by challenges in accessing foreign currency to pay key suppliers. The company reportedly needs up to $75 million annually for raw material imports. This is the context in which Delta`s FY2017 earnings report announced last Wednesday comes under.



Stellar earnings Delta – Zimbabwe Stock Exchange`s biggest company by market capitalisation, of over $2.5 billion – announced strong earnings bearing close semblance t…

Nearly 6 months into office: Why won`t President Emmerson Mnangagwa do these 3 little things?

Much has been said about President Emmerson Mnangagwa’s 5-month reign in office. The full weight of an eagerly expectant nation, following years of decadence has been loaded on his shoulders.  There has been several voices from across the political divide that have urged Mnangagwa on since the events of last November, which toppled long-time ruler Robert Mugabe. 
That in itself perhaps is a sure sign that Zimbabweans want development and progress, from whichever quarter it comes from. It is from this standpoint that so many people were – and one might even say are still ready to give Mnangagwa a chance to prove himself. Yet to some, the very notion of giving Mugabe’s long time sidekick, another chance when he has been an integral part of the very same outfit responsible for the waning of Zimbabwe’s fortunes sounds utterly absurd. Can a leopard change its spots?

While there are vocal critics of Mnangagwa, there are equally resounding voices that leap to his defence, and this is the hall…

Belligerence and Bitterness: The Robert Mugabe, Silvio Berlusconi connection

It’s still early days, but it appears former President Robert Mugabe has not readily accepted the reality of his departure from the presidency. After all, the man ruled Zimbabwe from 1980, and had become accustomed to all the trappings such a high profile brought. Never mind that the country was in morbid decline for the better part of his reign. It is manifestly clear that Robert Mugabe feels cheated and robbed, through his forced departure on November 21 2017. “There is no more democracy anymore in Zimbabwe…I`m saying this as Robert Mugabe and, of course, I am not afraid of anyone,” Robert Mugabe is reported to have said in February, while meeting Moussa Faki Mahamat, the African Union Commission`s chair. 


Clearly, this is a man who feels hard done and who by the looks of it would give almost anything to get back in power. In fact, in the heat of the November “military assisted transition”, Robert Mugabe is reported to have offered to send his wife Grace Mugabe into foreign exile in …

The lie we keep telling ourselves: “Zimbabwe is open for business”

Zimbabwe has been mired in deep problems that have manifested themselves economically and politically, for so long that most people are desperate for a way out. Against all hope, people still long for a singular political hero, a cataclysmic, fortune-turning event, a decorated rescue party from the international community, or an accomplished, yet exiled businessman (read Strive Masiyiwa) to rescue the country from the clutches of longstanding economic and political morass. Just anything to change people`s lives for the better!
As if to make the wait for Zimbabwe`s “messiah” – whoever or whatever this will be – more bearable, we seem to have fallen into the habit of telling ourselves some situational untruths with joyful abandon. Not only that, but we seem all the more eager to actually believe these fallacies that have little or zero attachment to reality. Consider the following:
“Zimbabwe is open for business”




Having to repeatedly mention such phrases to all and sundry, is the first and…

Bitcoins, Cryptocurrencies, Blockchain: A simple explainer of what all this means

WHAT IS BLOCKCHAIN TECHNOLOGY?

For much of 2017, you've likely heard some of the following terms if you've paid any passing attention to the world of finance: Cryptocurrency, Blockchain, Bitcoin, Bitcoin Cash, and Ethereum. But what do they mean? And why is cryptocurrency suddenly so hot? Before answering that, we need to explain the basics of blockchain, the technology that powers Bitcoin. As society becomes increasingly digital, financial services providers are looking to offer customers the same services to which they're accustomed, but in a more efficient, secure, and cost effective way. Enter blockchain technology.


The origins of blockchain are a bit nebulous. A person or group of people known by the pseudonym Satoshi Nakomoto invented and released the tech in 2009 as a way to digitally and anonymously send payments between two parties without needing a third party to verify the transaction. It was initially designed to facilitate, authorize, and log the transfer of …