Ordinary Zimbabweans not benefitting from economic growth- IMF

Although Zimbabwe’s real gross domestic product grew by an estimated 6 percent in 2009 and 9 percent in 2010, growth benefits have not trickled down to ordinary Zimbabweans because the country’s budget is heavily tilted toward increasing the government wage bill with insufficient resources being allocated to social programmes and high-priority infrastructure, the International Monetary Fund said yesterday.

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Anglo Platinum responds to Roy Bennett

Anglo Platinum which owns Unki Mine in Shurugwi, the newest entry into the lucrative platinum mining industry in Zimbabwe, says it supports the country’s indigenisation programme but does not believe that the 51 percent currently being proposed is “necessarily optimal”.

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