The Science Of ...

Emmerson Mnangagwa is already working to rebuild Zimbabwe’s wrecked economy

Zimbabwean flag. Picture: Supplied.

Zimbabwe shouldn’t be as poor as it is.

The soil is fertile, it has diamonds galore and the some of the world’s largest platinum deposits.

It’s a breathtakingly beautiful country with vast, untapped tourism potential.

In the decade since 1999, economic mismanagement and the devastation of agricultural production after the eviction of white farmers cause the economy to annually contract by an average of 6.1%.

In 1990, the average wealth per person in Zimbabwe stood at R22 816.

By 2016 it had dropped to R2856.

The Money Show’s Bruce Whitfield interviewed Michael Hove (member of the ICT Steering Committee at Institute of Chartered Accountants of Zimbabwe) for his weekly “The Science Of” feature.

Hove discussed the rebuilding of Zimbabwe and President Emmerson Mnangagwa's upcoming visit to South Africa.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

What was said in the budget last week was quite conducive to foreign investment.

Michael Hove, Institute of Chartered Accountants of Zimbabwe

There was talk [during the Budget Speech] of rebuilding infrastructure.

Michael Hove, Institute of Chartered Accountants of Zimbabwe

We can actually follow the news. And there is diversity of views!

Michael Hove, Institute of Chartered Accountants of Zimbabwe

We have to appreciate that they [white farmers] are bringing something to the economy.

Michael Hove, Institute of Chartered Accountants of Zimbabwe

We may not have the necessary capital, but you can partner with those with the means of production…

Michael Hove, Institute of Chartered Accountants of Zimbabwe

The invite [to meet the President on Thursday] is open-ended.

Michael Hove, Institute of Chartered Accountants of Zimbabwe

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This article first appeared on 702 : Emmerson Mnangagwa is already working to rebuild Zimbabwe’s wrecked economy


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