ZWE C2055 1.Pdf
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The Building of Zimbabwe. Climate Taxation Investment Production Amenities A foundation of the strongest economy in indépendant Africa. With a flooring of a polished and sophisticated investment infrastructure. Walled by solid small, medium and large indust¬ rial, agricultural and commercial development Easy access gained through import and export doors which swing easily both ways with equal facility. With windows opening out onto the panorama of the markets of Africa. A ceiling which offers the protection of one of the most stable taxation systems in the world. Amenities which include one of the most pro¬ gressive and sophisticated communications systems on the continent. And ... we haven't stopped building yet— we don't envisage doing so for a long, long time. Department of Information, '.O. Box 8150, Causeway. Harare. Zimbabwe. Tel. 703891 Telex 4142 ZW A FIELD FOR INVESTMENT 1985/86 Published annually in the interests of economic progress — selective world distribution Printed by: Editor Published by: Thomson Amalgamated Press, Advertising Sales Publications Zimbabwe, P.O. Box Box ST293, Southerton. Production, Layout & Design 1683, Harare. CONTENTS Facts about Zimbabwe 2 National Statistics 3 Agriculture 4 Mining 8 Manufacturing 11 Commerce 13 Energy 14 Exports 15 The Private Sector 16 The Banking Sector 17 Finance and the Institutions 23 Transport 28 Tourism 33 Industrial and Commercial Centres 39 Statistics are taken from official sources and the Economic Survey of Zimbabwe 1980, produced by the Ministry of Finance. PARTICIPANTS L__ Page Air Zimbabwe 30 Lonrho Zimabwe Ltd Aluminium Industries Ltd 13 National Railways of Zimbabwe Anglo American Corp. Services Ltd 9 Oyxo Barclays Bank of Zimbabwe 19 PG Industries CABS 44 POSB Cold Storage Commission 6 RAL Merchant Bank Ltd Department of Information ... IFC Standard Chartered Merchant Bank Zimbabwe Ltd General Accident Fire & Life Assurance Corp Ltd 15 Udc Ltd Grindlays Bank 42 Zimbabwe Banking Corporation Ltd Harare Sheraton Hotel 38 Zimbabwe Credit Insurance Co Ltd Hunyani Paper & Packaging 7 Ziscosteel Karina Textiles (Pvt) Ltd ..... 14 1 FACTS ABOUT ZIMBABWE Beitbridge SOUTH AFRICA ZIMBABWE is situated in south central Africa north of the Tropic of Capricorn. • It has no direct access to the sea except through the Republic of South Africa to Zimbabwe is also a member of the nine-nation Southern African Development the south and Mozambique to the east. Co-ordination Conference (SADCC), the Organisation of African Unity (OAU) and the Central and Southern African Preferential Trading Area (PTA) It is separated from the Republic of Zambia by the Zambezi River and to the which became operational in July 1984. The headquarters of the PTA Clearing west is the Republic of Botswana. House are situated in the Reserve Bank of Zimbabwe. It has an area of 390 245 — square km about three times the size of England. • Four fifths of it is above 600 m and less than a twentieth is 1 500 m above sea Transport and communications are well developed and social and administrative services are efficient and comprehensive. level, giving a healthy, pleasant climate. • Population: The official 1982 census puts the figure at 8,4 million. Following the democratic election in April 1980, Zimbabwe was afforded full recognition by the international community and became the 153rd member of It has good summer rainfall, ample water and electricity supplies, considerable the United Nations in August 1980. and well diversified mineral deposits and basic requirements for a viable agricultural industry, which usually provides more than its basic needs. Zimbabwe's Prime Miniter is the new leader of the Non-Aligned Movement. — NATIONAL INCOME SUMMARY OF EXTERNAL TRADE $ million $ million Item 1979 1980 1981 1982 1983 Including Transactions Where no Currency is Involved (C.I.) Wages and salaries 1494 1902 2319 2 774 3 015 Period Domestic Gold Re- Total Total Visible Exports Sales exports Exports Imports balance Rent 52 60 70 68 71 Rented dwelling (Private) 16 15 20 18 19 Imputed for owner-occupied dwellings 21 18 24 23 25 1970 245,1 7,6 6,1 258,7 235,0 23,8 Central and local government 25 27 26 27 27 1971 266,3 17,5 6,5 290,2 282,2 7,8 1972 322,2 20,7 6,2 349,1 274,7 74,4 Gross 983 1 264 1 660 1 767 1995 operating profit 1973 377,8 5,0 6,3 389,1 308,6 80,5 185 271 398 490 437 Unincorporated enterprises 1974 482,1 42,5 6,5 531,2 438,3 92,8 Companies (non-financial) 741 973 I 226 I 267 1 462 Financial institutions 62 85 90 111 136 1975 477,7 45,3 8,2 531,3 461,9 69,4 Public Corporations (non-financial) 51 24 33 20 87 1976 518,2 34,6 4,6 557,4 382,7 174,7 Central and local govt, enterprises 25 19 34 25 46 1977 500,8 45,7 4,4 550,8 388,1 162,7 Less imputed banking service charges -81 -108 -121 -146 -173 1978 558,7 46,1 4,6 609,3 403,7 205,6 1979 645,4 66,6 3,7 715,7 549,3 166,4 Gross domestic income (factor cost) 2 539 3 226 4 049 4 609 5 081 1980 787,5 115,2 6,5 909,2 809,4 99,8 Plus indirect taxes 262 317 504 709 960 1981 888,1 76,3 7,3 971,7 1 017,7 -46,0 Less subsidies -90 -100 -120 -169 -60 1982 807,2 140,5 20,7 968,4 1081,8 -113,4 Gross domestic income (market prices) 2711 3 443 4433 5149 5 981 1983 1025,7 104,3 20,2 1150,2 1061,6 88,6 Less net investment income paid abroad -53 -47 -115 -192 -239 1983 January 74,2 7,4 1,1 82,7 86,1 -3,4 Gross national income (market prices) 2 658 3 396 4318 4 957 5 742 February 73,4 8,4 1,6 83,4 81,0 2,4 March í 71,3 10,8 2,8 84,9 113,1 -28,2 April 60,3 — 2,0 62,3 78,0 -15,7 GROSS DOMESTIC PRODUCT AT FACTOR May 89,1 — 1,3 90,4 83,8 6,6 June 65,0 30,4 2,5 97,9 91,3 6,6 COST BY INDUSTRY OF ORIGIN July 78,5 3,9 1,2 83,6 96,5 -12,9 August 63,1 23,0 3,3 89,4 97,0 -7,6 Item 1979 1980 1981 1982 1983 September 96,0 4,0 1,5 101,5 97,3 4,2 October 108,6 — 0,7 109,3 76,2 33,1 (at current prices) $ million November 120,6 — 1,1 121,7 79,2 42,5 December 125,6 16,4 1,1 143,1" 82,1 61,0 Agricultural and forestry 325 458 649 662 592 1984 Mining and quarrying 226 285 250 217 284 January 100,6 — 1,6 102,2 107,0 -4,8 Manufacturing 623 802 1016 1 121 1 385 February 103,4 40,9 3,0 147,3 97,0 50,3 78 73 134 March 97,7 2,1 2,1 101,9 89,9 12,0 Electricity and water 71 70 185 194 Construction 92 87 133 April 71,6 32,5 1,6 105,7 81,4 24,3 123 159 185 228 274 Finance and insurance May 76,6 — 0,9 77,5 93,0 -15,5 55 55 59 Real estate 44 43 June 82,6 9,3 1,6 93,5 100,5 -7,0 313 451 603 718 737 Distribution, hotels and restaurants . 362 364 July 93,7 — 1,1 94,8 98,8 -4,0 Transport and communications 188 211 306 August 106,6 13,7 1,3 121,6 116,5 5,1 Public administration 269 290 307 357 375 September 119,6 — 1,6 121,2 83,6 37,6 Education 98 169 215 309 343 Health 60 71 82 106 109 October 14,2 20,7 2,9 163,8 109,3 54,5 Domestic services 53 65 72 85 88 November 277 316 Other services, n.e.s 136 173 219 December -82 -108 -121 -146 -173 Less imputed banking service charges Jan.-Oct. 1983 779,5 87,9 18,0 885,4 900,3 -14,9 1984 992,6 119,2 17,7 1129,5 977,0 152,5 Gross domestic product 2 539 3 226 4 049 4609 5 081 3 AGRICULTURE highest agricultural earner of foreign GIVEN the good 1984/85 growing currency after tobacco. season, following three difficult years About 55 percent of the crop is of drought farmers in all areas of the grown by 900 large scale commercial Agricultural sector responded in an growers, the remainder being grown extremely positive manner. Production of most of Zimbabwe's by farmers in small scale commercial, resettlement and communal farming major agricultural aommodities areas, as well as in estates owned by the increased significantly and we are once Government Agricultural and Rural more to all intents and purposes, self- sufficient as a nation in all our Development authority. Cotton has become the most foodstuff needs, with substantial important cash crop for communal amounts of many of our surplus growers and, through extension agricultural commodities available for efforts, research and training, yields on export. It is believed that exports of communal farms have increased agricultural products from the steadily in recent years. 1984/85 season's production could The cultivation of cotton is exceed $900 million, an increase of controlled about 50 percent over the previous by Government legislation and the Cotton year.