Rebuilding Zimbabwe: Lessons from a Coalition Government
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Country Advice Zimbabwe Zimbabwe – ZWE36759 – Movement for Democratic Change – Returnees – Spies – Traitors – Passports – Travel Restrictions 21 June 2010
Country Advice Zimbabwe Zimbabwe – ZWE36759 – Movement for Democratic Change – Returnees – Spies – Traitors – Passports – Travel restrictions 21 June 2010 1. Deleted. 2. Deleted. 3. Please provide a general update on the situation for Movement for Democratic Change (MDC) members, both rank and file members and prominent leaders, in respect to their possible treatment and risk of serious harm in Zimbabwe. The situation for MDC members is precarious, as is borne out by the following reports which indicate that violence is perpetrated against them with impunity by Zimbabwean police and other Law and Order personnel such as the army and pro-Mugabe youth militias. Those who are deemed to be associated with the MDC party either by family ties or by employment are also adversely treated. The latest Country of Origin Information Report from the UK Home Office in December 2009 provides recent chronology of incidents from July 2009 to December 2009 where MDC members and those believed to be associated with them were adversely treated. It notes that there has been a decrease in violent incidents in some parts of the country; however, there was also a suspension of the production of the „Monthly Political Violence Reports‟ by the Zimbabwe Human Rights NGO Forum (ZHRF), so that there has not been a comprehensive accounting of incidents: POLITICALLY MOTIVATED VIOLENCE Some areas of Zimbabwe are hit harder by violence 5.06 Reporting on 30 June 2009, the Solidarity Peace Trust noted that: An uneasy calm prevails in some parts of the country, while in others tensions remain high in the wake of the horrific violence of 2008…. -
University of Cape Town
Investigating the effects of dollarization on economic growth in Zimbabwe (1990-2015) A Thesis presented to The Graduate School of Business University of Cape Town In partial fulfilment Town of the requirements for the Master of Commerce in Development Finance Degree Cape ofby NHONGERAI NEMARAMBA January 2018 Supervised by: DR. AILIE CHARTERIS University The copyright of this thesis vests in the author. No quotation from it or information derivedTown from it is to be published without full acknowledgement of the source. The thesis is to be used for private study or non- commercial research purposes Capeonly. of Published by the University of Cape Town (UCT) in terms of the non-exclusive license granted to UCT by the author. University PLAGIARISM DECLARATION Declaration 1. I know that plagiarism is wrong. Plagiarism is to use another’s work and pretend that it is one’s own. 2. I have used the American Psychological Association (APA) convention for citation and referencing. Each contribution to, and quotation in, this project from the work(s) of other people has been attributed, and has been cited and referenced. 3. This project is my own work. 4. I have not allowed, and will not allow, anyone to copy my work with the intention of passing it off as his or her own work. 5. I acknowledge that copying someone else’s assignment or essay, or part of it, is wrong, and declare that this is my own work. NHONGERAI NEMARAMBA i ABSTRACT This research presents a comprehensive analysis of Zimbabwe’s adoption of a basket of foreign currencies as legal tender and the resultant economic effects of this move. -
Roy Leslie Bennett V. Emerson Dambudzo Mnangagwa
REPORTABLE (76) Judgment No SC 75/05 Civil Application No 16/05 ROY LESLIE BENNETT v (1) EMMERSON DAMBUDZO MNANGAGWA (in his capacity as the SPEAKER OF THE PARLIAMENT OF ZIMBABWE) (2) PAUL MANGWANA (3) JOYCE MUJURU (4) CHIEF MANGWENDE (5) WELSHMAN NCUBE (6) TENDAI BITI (7) THE ATTORNEY-GENERAL SUPREME COURT OF ZIMBABWE CHIDYAUSIKU CJ, SANDURA JA, CHEDA JA, MALABA JA & GWAUNZA JA HARARE, MAY 26, 2005 & MARCH 9, 2006 J. J. Gauntlett, SC., with him A.P. de Bourbon SC, for the applicant S.J.Chihambakwe, with him J Mhlanga, for the first, second, third and fourth respondents R. Gatsi, for the seventh respondent (intervener) CHIDYAUSIKU CJ: This application is brought in terms of s 24 of the Constitution of Zimbabwe. Section 24 of the Constitution provides that any person who alleges that the Declaration of Rights has been, is being, or is likely to be, contravened in relation to him may apply to the Supreme Court for redress. The applicant, who was at the relevant time a Member of Parliament, assaulted Mr Patrick Chinamasa, MP, Minister of Justice, Legal and Parliamentary Affairs, and Leader of the House (hereinafter referred to as “Chinamasa”). The assault took place in Parliament while it was in session. He was charged with, and found guilty of, contempt of Parliament. He was sentenced, by 2 S.C. 75/05 Parliament, to fifteen months’ imprisonment of which three months’ imprisonment was suspended on certain conditions. The applicant challenges that conviction and punishment on the following four grounds - 1. The proceedings violated his constitutional and fundamental right to a fair hearing by an independent and impartial court or other adjudicating body protected by s 18(1),(2) and (9) of the Constitution of Zimbabwe (“the Constitution”). -
African Union Election Observation Mission Report: Zimbabwe 2013
AFRICAN UNION COMMISSION REPORT OF AFRICAN UNION ELECTION OBSERVATION MISSION TO THE 31 JULY 2013 HARMONISED ELECTIONS IN THE REPUBLIC OF ZIMBABWE DISTRIBUTED BY VERITAS Veritas makes every effort to ensure the provision of reliable information, but cannot take legal responsibility for information supplied. African Union Election Observation Mission Report: Zimbabwe 2013 CONTENTS List of Abbreviations ........................................................................ Error! Bookmark not defined. I. INTRODUCTION ...................................................................................................................... 3 II. OBJECTIVE AND METHODOLOGY OF THE MISSION ..................................................... 3 Objective ........................................................................................................................................ 3 Methodology .................................................................................................................................. 3 III. BACKGROUND TO THE 31 JULY 2013 ELECTIONS ...................................................... 5 IV. LEGAL CONTEXT ................................................................................................................ 9 The Constitution ............................................................................................................................. 9 The Zimbabwe Electoral Commission Act .................................................................................... 9 Political Parties -
Parliamentary Round up Bulleti
PARLIAMENTARY ROUND UP: BULLETIN NO. 23 - 2010 Bulletin for Wednesday 27 October 2010 SAPST makes every effort to ensure reliable information, but cannot take legal responsibility for information 1 supplied. www.sapst.org HOUSE OF ASSEMBLY PLENARY Question Session This Wednesday, on 27 October 2010 the attendance of Ministers was not as good as last Wednesday, which saw almost a full house. Backbenchers continued to ask critical questions that affect people in their respective constituencies. Incomplete Government Projects Hon. F.M. Sibanda (MDC-T Magwegwe) quizzed the Minister of Public Works, Hon. Gabbuza on the more than 500 government projects dotted around the country which have remained incomplete for many years. Hon. Gabbuza acknowledged that there were 550 incomplete projects around the country and he attributed this to inadequate budgetary allocations. He said as a wayforward, his ministry has prioritized 126 of those projects for completion next year provided the ministry was allocated $46 million in the 2011 national Budget. Investment Promotion Measures The Minister of Economic Planning and Investment Promotion, Hon. Tapiwa Mashakada informed the House that his ministry was working on various initiatives to promote investment in the country. One such initiative was the one-stop investment centre. The idea was to try to put all government departments and agencies that have to do with investment under one roof at the Zimbabwe Investment Authority offices in order to expedite licence processing. The Minister further revealed to the House that at the present moment Zimbabwe’s investment was standing at 4% of GDP and government’s objective was to increase it to 25% of GDP to complement or reinforce the growth that has been registered. -
MDC Outlines Election Benchmarks
Iz qula enzo u I G ze o n ir z it o a G M u q a j u n l i a h C C h o i r n i t j i a a M M a a i j t i n r i o h C The Real Change Times Movement for Democratic Change A Party of Excellence! The Official Mouthpiece of the MDC Tuesday 26 October MDC Information & Publicity Department, Harvest House, 44 Nelson Mandela Ave, Harare, Zimbabwe Issue 055: 2010 MDC outlines election benchmarks HARARE – Zimbabwe needs critical Due to the abuse of the State security Independent election observers concur electoral reforms before holding sector, during the 2008 elections that the groundwork needs to be laid for credible elections in 2011, the MDC by Zanu PF, Hon. Biti reiterated a free and fair vote. Secretary–General, Hon. Tendai Biti that having police officers manning has said. inside polling station was likely to In a statement this week, the Zimbabwe intimidate voters. Election Support Network, (ZESN) said Hon. Biti said that there was need for far reaching reforms to the electoral “Hence the MDC calls for the it had not seen any meaningful attempt law, addressing key issues such as the deployment of police officers outside to identify the perpetrators of political shambolic voters’ roll and ensuring the polling stations and confining the violence of 2008 and bring them full independence of the discredited military to the barracks during the polls to book. Zimbabwe Electoral Commission which will greatly reduce the chances (ZEC), its commissioners and of intimidation,” he said. -
Zimbabwe Domestic Broadcasting, 13 September, 2010 (3 September-12 September, 2010)
Zimbabwe Domestic Broadcasting, 13 September, 2010 (3 September-12 September, 2010) by Marie Lamensch, MIGS reporter for Zimbabwe (The Herald, government-owned daily, article dated September 6, 2009, in English) “Zimbabwe: Party of Excellence, My Foot!” by Frank Banda • A columnist for Talk Zimbabwe criticized the MDC-T for its corrupt councilors and for thinking that they can “repeat their electoral fluke” in the forthcoming elections. He also criticizes PM Morgan Tsvangirai for calling his party “a party of excellence” as the MDC-T‟s claims have not been back by action. • Reference is made to the MDC-T‟s parallel government and to Tvsangirai‟s demands to have a “peacekeeping force” monitor the next elections, although peacekeeping operations are reserved for conflict-ridden countries. The Prime Minister is criticized for lying to civil servants about their wages simply in an attempt to outshine President Mugabe. References are also made to Tsvangirai official residence, the MDC-T ministers‟ cards, Minister of Finance Tendai Biti‟s failure to consult a parliamentary committee concerning the budget. • The future elections will prove that the MDC-T is far from being the party of excellence (The Chronicle, government-owned daily, article dated September 7, 2009, in English) “MDC-T has failed to present credible challenge to Zanu-PF” by Nancy Lovedale • The MDC-T is described as an emerging political party that have sought to replace Zanu- PF and a party of “quid pro quo” desperate in its drive for power. • Independent media are criticized for siding with the MDC-T, for morphing into a propaganda machine “demonizing and criminalizing Zanu-PF.” • The MDC-T has failed to present a challenge to Zanu-PF and has no credible agenda. -
Dismantling the System of Mugabeism
Dismantling The System Of Mugabeism All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means electronic or mechanical including photocopy, recording or any information storage and retrieval system, without permission in writing from the author. ISBN 978-3-00-059482-3 First Edition © 2018 1 Dismantling The System Of Mugabeism Dedication. To my fellow Zimbabweans, we defeated Mugabe the person but Mugabeism is still intact. We must dismantle this system and bring total democratization of our country Zimbabwe. My children Lilly, Tanaka and Nkosilathi,Jr you don’t deserve to grow up in such a collapsed country which is now a shadow of itself. This is the little contribution I can make towards challenging a regime which is putting your future at stake. ‘This is the history of a failure’ (Che Guevara, The African Dream) 2 Dismantling The System Of Mugabeism Foreword. I feel refreshed and motivated to write this book in this new-old political dispensation. New in the sense that, this is the first time ever since I was born to see this country having another President who is not Robert Gabriel Mugabe and old in the sense that those who are now in power are the same people who have been in charge of this country for the past four decades working alongside Mugabe. Yes Mugabe has gone but the system he created is still intact. Are the Mnangagwas of this world going to reform and become ambassadors of peace, tolerance, democracy and respect of the rule of law? Or they will simply pick up the sjamboks from where Mugabe left them and perpetuate his legacy of brutality? Is corruption going to end considering that a few former Ministers who were arrested by Mnangagwa’s administration were being used as scapegoats, most of the criminals and kleptocrats who committed serious crimes against humanity and corruption are still serving in the post-Mugabe ZANU PF government? The same old people who bled Zimbabwe dry serving in the kleptocratic regime of Robert Mugabe are the same people who are serving under Mnangagwa. -
ZIMBABWE's UNORTHODOX DOLLARIZATION Erik Bostrom
SAE./No.85/September 2017 Studies in Applied Economics ZIMBABWE'S UNORTHODOX DOLLARIZATION Erik Bostrom Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise Zimbabwe’s Unorthodox Dollarization By Erik Bostrom Copyright 2017 by Erik Bostrom. This work may be reproduced provided that no fee is charged and the original source is properly cited. About the Series The Studies in Applied Economics series is under the general direction of Professor Steve H. Hanke, Co-Director of The Johns Hopkins Institute for Applied Economics, Global Health and the Study of Business Enterprise ([email protected]). The author is mainly a student at The Johns Hopkins University in Baltimore. Some of his work was performed as research assistant at the Institute. About the Author Erik Bostrom ([email protected]) is a student at The Johns Hopkins University in Baltimore, Maryland and is also a student in the BA/MA program at the Paul H. Nitze School of Advanced International Studies (SAIS) in Washington, D.C. Erik is a junior pursuing a Bachelor’s in International Studies and Economics and a Master’s in International Economics and Strategic Studies. He wrote this paper as an undergraduate researcher at the Institute for Applied Economics, Global Health, and the Study of Business Enterprise during Summer 2017. Erik will graduate in May 2019 from Johns Hopkins University and in May 2020 from SAIS. Abstract From 2007-2009 Zimbabwe underwent a hyperinflation that culminated in an annual inflation rate of 89.7 sextillion (10^21) percent. Consequently, the government abandoned the local Zimbabwean dollar and adopted a multi-currency system in which several foreign currencies were accepted as legal tender. -
All Africa Strategy Institutional Strategy Fact Sheet As at 30 June 2017
CORONATION ALL AFRICA STRATEGY INSTITUTIONAL STRATEGY FACT SHEET AS AT 30 JUNE 2017 LONG TERM OBJECTIVE GENERAL INFORMATION The Coronation All Africa Strategy aims to maximise the long-term risk-adjusted Inception Date 01 August 2008 returns available from investments on the continent through capital growth of the underlying stocks selected. It is a flexible portfolio primarily invested in listed Strategy Size $78.4 million African equities or stocks listed on developed and emerging market exchanges Strategy Status Open where a substantial part of their earnings are derived from the African continent. The exposure to South Africa is limited to 50%. The Strategy may hold cash and Target Outperform ICE LIBOR USD 3 Month interest bearing assets where appropriate. (US0003M Index) Redemption Terms An anti-dilution levy will be charged INVESTMENT APPROACH Base Currency USD Coronation is a long-term, valuation-driven investment house, focused on GROWTH OF US$100M INVESTMENT bottom-up stock picking. Our aim is to identify mispriced assets trading at discounts to their long-term business value (fair value) through extensive proprietary research. In calculating fair values, through our fundamental research, we focus on through-the-cycle normalised earnings and/or free cash flows using a long-term time horizon. The Portfolio is constructed on a clean- slate basis based on the relative risk-adjusted upside to fair value of each underlying security. The Portfolio is constructed with no reference to a benchmark. We do not equate risk with tracking error, or divergence from a benchmark, but rather with a permanent loss of capital. STRATEGY RETURNS GROSS OF FEES Period Strategy LIBOR Active Return Since inception cum. -
Annual Report 2018
PROSPECT RESOURCES LIMITED / RESOURCES LIMITED / PROSPECT ANNUAL REPORT ANNUAL REPORT REPORT ANNUAL 2018 30 JUNE 2018 ACN 124 354 329 CORPORATECORPORATE DIRECTORYDIRECTORY DIRECTORS Hugh Warner Sam Hosack Harry Greaves Gerry Fahey Zed Rusike HeNian Chen SECRETARY Andrew Whitten PRINCIPAL OFFICE AUSTRALIA ZIMBABWE Suite 6, 245 Churchill Ave 169 Arcturus Road Subiaco, WA 6008 Greendale, Harare REGISTERED OFFICE Suite 6, 245 Churchill Ave Subiaco, WA 6008 Telephone: (08) 9217 3300 Email: [email protected] AUDITORS Stantons International Level 2 1 Walker Avenue West Perth WA 6005 SHARE REGISTRY Automic Pty Ltd Level 3 50 Holt Street Surry Hills, NSW 2010 Telephone: 1300 288 664 Investor Portal: https://investor.automic.com.au ASX CODE Shares – PSC LEGAL REPRESENTATIVES Whittens & McKeough Pty Limited Level 29, 201 Elizabeth Street Sydney, NSW 2000 PROSPECT RESOURCES LIMITED / ANNUAL REPORT 30 JUNE 2018 TABLE OF CONTENTS Corporate Directory IFC Chairman’s Statement 1 Review of Operations 3 Directors’ Report 9 Directors’ Declaration 20 Consolidated Statement of Profit or Loss and Other Comprehensive Income 21 Consolidated Statement of Financial Position 22 Consolidated Statement of Cash Flows 23 Consolidated Statement of Changes in Equity 24 Notes to and Forming Part of the Financial Statements 25 Auditor’s Independence Declaration 52 Independent Auditor’s Report 53 Australian Securities Exchange (ASX) Additional Information 57 I CHAIRMAN'S STATEMENT The Financial Year Ended 30 June 2018 has been an exciting one The drop in the share price of Prospect has not been lost on for Prospect Resources (ASX: PSC) (“Prospect”, the “Company”), our team. We would like to assure our shareholders that every as we transition from explorer to developer. -
Money Demand and Seignorage Maximization Before the End of the Zimbabwean Dollar
Money Demand and Seignorage Maximization before the End of the Zimbabwean Dollar Stephen Matteo Miller and Thandinkosi Ndhlela MERCATUS WORKING PAPER All studies in the Mercatus Working Paper series have followed a rigorous process of academic evaluation, including (except where otherwise noted) at least one double-blind peer review. Working Papers present an author’s provisional findings, which, upon further consideration and revision, are likely to be republished in an academic journal. The opinions expressed in Mercatus Working Papers are the authors’ and do not represent official positions of the Mercatus Center or George Mason University. Stephen Matteo Miller and Thandinkosi Ndhlela. “Money Demand and Seignorage Maximization before the End of the Zimbabwean Dollar.” Mercatus Working Paper, Mercatus Center at George Mason University, Arlington, VA, February 2019. Abstract Unlike most hyperinflations, during Zimbabwe’s recent hyperinflation, as in Revolutionary France, the currency ended before the regime. The empirical results here suggest that the Reserve Bank of Zimbabwe operated on the correct side of the inflation tax Laffer curve before abandoning the currency. Estimates of the seignorage- maximizing rate derive from a short-run structural vector autoregression framework using monthly parallel market exchange rate data computed from the ratio of prices from 1999 to 2008 for Old Mutual insurance company’s shares, which trade in London and Harare. Dynamic semi-elasticities generated from orthogonalized impulse response functions