zimbabwe becoming a consumption economy

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Is our country becoming a producing economy or an consumption economy. Is the concept of looking to the East helping Zimbabweans or rather the Chinese? It seems as if China instead of promoting the country's economy it is consuming it. The goods that they sell here are all goods from their country. it means no production is being done here, no job creation but rather they are improving their own economy. Our money is used to promote their economy. Take for instance the China Mall in Harare all the products there are Chinese and the shops as well. this means it is only benefiting their country rather than producing their goods here and distribute them to nearby countries. It has been noted again that these chinese products though cheap they do not last. So should we say they are helping us or consuming our money. In practical terms the mall is mainly designed for Chinese. the shops are written in their language and the food outlets there are mainly chinese as well as the employees. Chinese products are selling up to 70% in Zimbabwe.

ECONOMIC SITUATION A POLITICAL WILL

The country will not improve when they continue to make budgets for unnecessary people. the parliament is filled with too many people whose aim is not to develop the country. Instead of only having a MP we now have senators again for the same provinces. is it really necessary. 65 members have been elected as senators and these people must be paid. where is the government getting such kind of money to pay these people. isn't this a way to continue looting the country's funds through these senators. the parliament in itself has failed their MP are the most corrupt people yet they add onto the number. this means the budget will have to include again those people yet some institutions are not well paid like teachers

 companies are closing down due to lack of funds yet they have money to pump out to mere politicians who are again corrupt. Bulawayo have become a SCRAPE-YARD with no industries, development nor production what can be the future of Zimbabwe's economy when more one hundred companies have closed shop in Bulawayo. people are suffering  because most have lost their jobs and flee to nearby countries. most are now into vending, begging and prostitution. is it because the city is marginalized or there are some political factors to consider ? water and power supply ha has also affected the city's industries. the industry is fighting a losing battle as well as losing ground to imported products which are cheaper and affordable. will Bulawayo regain its glory as the city of kings and queens?Our economic situation is just but a political will.

our economy continues to suffer due to corruption

Zimbabwe’s economy suffers from poverty, unemployment, hyperinflation and corruption. with the increase rate of corruption from the officials who will then change the situation in Zimbabwe. this is one of the many factors underlying the distress of the Zimbabwean economy is the magnitude of corruption that prevails in almost all sectors. With Zimbabwe’s economy having withered and increasingly decimated for most of 15 years, save for some very modest recovery between 2009 and 2011, Zimbabwean poverty is intense.Unemployment has risen to about 80%. Significantly, more than half of the population is struggling to survive on incomes very markedly below the poverty datum line. Thousands are homeless and cannot afford education for their children, while even more cannot afford health care.The streets of cities and towns have many beggars who can also be found loitering at traffic-light intersections, and outside supermarkets and banks. Most community-service trusts and other organisations are strapped for cash, as need for their aid and assistance intensify exponentially, while traditional donors become less and less able to provide for them due to financial problems in their home countries. International donors are battling to overcome the consequences of economic and financial recession in most first-world countries. Meanwhile, Zimbabwean enterprises struggle to survive the deluge of the country’s ills.Therefore, more and more Zimbabweans have resorted to crime and corruption in their desperate efforts to make ends meet. They justify their actions on the basis of survival unlike national leaders who resort to crime and corruption for self-enrichment. A stunning example of corruption was the disclosure approximately 16 months ago that the public service was employing more than 40 000 “ghost workers”. This involved having fictitious names on the government’s payroll, where the creators of this bogus payroll are the beneficiaries of the monthly pay-cheques. In sofar as known, a year after that disclosure, ghost-worker payments are still being effected.Yet another prevailing corrupt practice is that pursued by some members of the Zimbabwe Republic Police. Whilst many police officers fulfill their duties with utmost probity and correctness, there are those who blatantly resort to corrupt practices. All too frequently, one hears of spurious charges being imposed at road blocks (mainly on national highways) for specious offences.
Those range from demands that drivers have reflective vests — whereas no such requirement has been gazetted, in contrast to the valid gazetting of the requirement every vehicle must have fire extinguishers and red warning triangles — to allegations of over-speeding, or traversing continuous centre-lines where no such lines exist. Not only are spot fines unlawfully imposed, but the payment of those fines is pocketed by the police officer, without the issue of a receipt.

us dollar to zim dollar

the contious talk of Zimbabwean dollar return evokes sad memories for the majority of people in the country who lost their life earnings with the introduction of the multiple currency system.At the height of the hyperinflation, the country became almost idle as as industries closed down, while multi-national companies relocated to neighbouring countries and most local businesses were just operating at a loss.
The unemployment rate rose to over 80 percent and over three million people reluctantly left the country for menial jobs in neighbouring countries. however the multi currency system proves to a failure again. Does this mean zim has completely failed. multi currenncy

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100% indigenisation and economic empowerment

Fulfilling its economic empowerement strategy the ruling party has imposed that all companies operating in the country will have to buy 50 percent of their goods and services from indigenous suppliers if ongoing amendments to the Indigenisation and Economic Empowerment Regulations are approved. Section 12 of Statutory Instrument 21-2010, as amended in March, required that all public institutions procure at least 50 percent of their goods and services from indigenous suppliers. however thois proves to be ac challenge to a lot of companies which is likely to lead to empowerment the closing down of many as it was in 2008