According to The Times, Zimbabwe’s Reserve Bank Governor, Gideon Gono, introduced three new bank notes into circulation yesterday. The new $250,000, $500,000 and $750,000 bills replace the $200,000 note, and should actually alleviate the extreme cash shortage at the moment. There just aren’t enough notes in circulation to keep up with inflation. It’s not terribly [...]
Oh shit. This is some bad news.
The African National Congress chose the Zulu politician Jacob G. Zuma as its new leader on Tuesday, handing South Africa’s president, Thabo Mbeki, a resounding defeat. The African National Congress chose the Zulu politician Jacob G. Zuma, center, as its new leader on Tuesday.
After three days of furious politicking [...]
Four days ago in Harare, the leading political party’s decision-making body rejected a land reform act that proposed a further purging of the few remaining white farmers in the country. Of course, many opposing Zanu-PF members, which include President Robert Mugabe, are outraged at such a travesty. Mugabe was especially shocked “because he had the [...]
Are you an expert economist? Neither are they.
