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Sovereign Wealth Funds to dominate the New World Economic Order |
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Saturday, 01 November 2008 |
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Sovereign wealth funds are set to dominate Global financial markets in the wake of the credit crunch induced by the sub-prime mortgage crisis. Sovereign Wealth Fund is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals and other financial instruments. Sovereign Wealth Funds are typically controlled by hydrocarbon-rich countries like Russia or Gulf nations with huge petro-dollar surpluses from record high oil prices. Sovereign wealth funds have gained world-wide exposure by investing in several Wall Street financial firms including Citigroup, Morgan Stanley, and Merrill Lynch who were in desperate need of cash injection due to massive losses induced by mortgage crisis. |
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Zimbabwe economic recovery and Ministry of Home Affairs |
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Saturday, 01 November 2008 |
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There is a causal link between Zimbabwe's economic melt-down and the
breakdown of the rule of law .The Ministry of Home Affairs has to be under untainted hands if the economy is to attract investors and increase production. ZANU-PF maintains that the real cause of the economic meltdown is the sanctions regime under which the country has been left with no choice but to resort to unorthodox economic and political methods.
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KMAL Board room wrangle and Affirmative Action |
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Wednesday, 29 October 2008 |
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The discussion on Affirmative action and Kingdom Meikles Africa boardroom battle has drawn widespread comments from unlikely sources. It should be noted that whole affirmative Action agenda should be about leveling the playing business and opportunities fields and not the grabbing of assets or victimization of one racial group. The concept is noble but can easily be corrupted and abused in the absence of proper and clear guiding principles. It appears as Zimbabweans we have failed to come up with clear principles, guidelines and legal framework to make the process more credible and successful. Such principles, guidelines and legal framework must be incorporated into a wider national vision geared towards building a stronger economy and uplift citizens' standards of living
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