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SWF shift the balance of power

The current shift of financial power from multi-national organizations such as World Bank, I.F.C and others to Sovereign Wealth Funds presents developing nations such as Zimbabwe with a new source of foreign direct investment. A sovereign wealth fund (SWF) is a state-owned fund composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds have gained world-wide exposure by investing in several Wall Street financial firms. These firms needed a cash infusion due to losses resulting from the credit crunch caused by the mortgage meltdown which started in the USA.

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Economy

Inflation report

Here Come the Zeros

Saturday, 07 February 2009
In Paris, France Zero is a perfidious number. Nobody likes it. Nobody wants to be “a zero.” Nobody wants to get a zero on a test…or zero returns on his investments. It is a line that leads nowhere…with no substance in the middle of it. You can add a zero…or multiply by zeros; it gets you nowhere. And is a zero? Is it something? Or nothing? No one knows.
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South African CPI Is 0.9 Point Lower After Changes

Wednesday, 04 February 2009

By Nasreen Seria

Feb. 3 (Bloomberg) -- Statistics South Africa estimated that the country’s headline inflation rate in December would have been 0.9 percentage point lower based on new product weightings in the consumer price index.

Zimbabwe financial crisis require hearings

Sunday, 07 December 2008

By Gilbert Muponda

The first article that I wrote suggesting the need of a public or parliamentary hearings on Zimbabwe‘s regular financial crisis seem to have been misunderstood by many. My belief is by sharing my experience with a wider audience more Zimbabweans will become aware what is happening and will contribute in whatever way they can. This article seeks to clarify the relationship between Gono, ENG and CFX Bank. The way Gono looted ENG assets can not go undocumented. My view is that Zimbabwe’s current problems can’t be left to politicians alone. I am not a politician and I don’t wish to be one. I have chosen the business arena as my theatre of operation .

Zimbabwe Currency reforms to miss target

Monday, 04 August 2008
The recent currency reforms that resulted in the Zimbabwe dollar being revalued and 10 zeroes being removed comes as a relief to the general public and retailers. In the short term the reforms will allow monetary transactions to be more manageable and reduce the administrative costs which arise from using a hyper-inflated currency.
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