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Business & Society

One great discussion topic and area of study has to do with defining exactly what a business is and what its obligations are to society at large and to the many stakeholders (customers, shareholders, employees, suppliers and policy makers) participating in the business environment. For most businesses, the focus has been first and foremost on…

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Saving in a Weak Economy

Piggy attended the Zimbabwe Association of Pension Funds (ZAPF) Conference that was held in Nyanga. The theme of the conference was; “Closing the Savings Gap – Restoration of Confidence in the Pensions Industry”. The conference covered critical topics affecting the industry and Piggy was particularly intrigued by the discussion topic titled, “Saving in a Weak…

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The Economics of Elections

About a decade ago, Zambia was surfing a powerful wave of optimism as the copper-driven economy registered an all-time GDP growth rate of 10.3% in 2010.  The political landscape was also stable and in 2012, Zambia joined a small club of African countries that were borrowing on international bond markets. There was strong appetite for…

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Financial Repression

Piggy notes that financial repression describes measures by which governments channel funds from the private sector to themselves as a form of debt reduction. The overall policy actions result in the government being able to borrow at extremely low interest rates, obtaining low-cost funding for government expenditures. This action also results in savers earning rates…

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Food for Thought

The recently published inflation numbers by ZIMSTATS were not so surprising given that the ongoing war in Ukraine is posing a looming threat to worldwide food supply.  The year-on-year inflation rate for the month of May 2022 stood at 131.7% whilst the month-on-month inflation rate was 21.0%, gaining 5.5 percentage points on the April 2022…

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How to duck Zim Risk

Eduardo Galeano, a Uruguayan journalist, writer, and novelist once said, we quote, “If the world is upside down the way it is now, wouldn’t we have to turn it over to get it to stand up straight? Piggy believes that the quote serves as a wake-up call for business leaders and policy makers on several…

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Money Problems

Most readers might be aware of "Mo Money Mo Problems", a song by American rapper; The Notorious B.I.G. which impacted on US mainstream radio stations in the late 90s. Based on airplay and chart success, the song is considered one of the most popular singles in hip hop history. However, the question is how does…

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A look at the Manufacturing Sector

One of the foundational principles in the theory of international trade has to do with comparative advantage. The law is popularly attributed to English political economist David Ricardo and his 1817 book, “On the Principles of Political Economy and Taxation”. It refers to an economy's ability to produce a particular good or service at a…

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The Defects of Money

Piggy recently came across a Bloomberg News article that positions that Reserve Bank of Zimbabwe Governor, John Mangudya, is reluctant to narrow the widening gap between the national currency’s official and black market rates. While the Zimbabwe dollar (ZWL) has been allowed to gradually weaken from parity with the greenback in February 2019, there is…

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The rise of the local investor

Stimulus packages have birthed a new wave of optimism particularly in developed countries.  America’s shopping malls are filled with people splurging stimulus cheques whilst cinemas in Britain are packed once again. According to the Economist, a spending bonanza is just beginning given that capital spending amongst American companies is rising at an annual rate of 15%. American GDP growth is also expected…

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