Zimbabwe’s mining output could grow by 44 percent this year, a slight decline from last year’s 47 percent, and return to the pre-economic crisis levels if the sector receives an injection of $5 billion but this could be derailed by the indigenisation law announced last month, a study just released says.
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Former South African President Thabo Mbeki’s stance on Zimbabwe and other issues in his own country raised questions about his judgment leading United States ambassador to South Africa, Delano Lewis, to describe him as a brilliant but prickly leader of “Africa’s most important state” who did not accept criticism.
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Readers of The Insider say Zimbabwe should attain economic recovery first and if any elections are to be held they should be held next year.
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Foreign-owned mining companies in Zimbabwe have one month to come up with plans which they are going to implement to cede majority ownership to locals. They have until May 10 to do so.
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Although a trip from Bulawayo to Harare on a luxury coach costs no less than $30, Air Zimbabwe was charging the equivalent of $25 for a trip from Harare to London when the actual cost was $800, the Parliamentary Committee on Transport and Infrastructural Development heard.
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