Readers may have seen some alarming news articles on various media citing Zanu PF’s Acting Spokesman Patrick Chinamasa that Old Mutual Limited “will be ejected from the financial system”.  The news flow demonstrates that Zimbabwe still has real issues to solve given that it has attracted confusion since the statement lacks clarity on what an …

Following on the article titled; “USD or ZAR? What makes sense? (https://piggybankadvisor.com/2020/07/06/usd-or-zar/) Piggy would like to re-iterate that randisation cements the case for regional cooperation and integration in the broader Southern African Development Community (SADC) region.   The SADC was founded in 1992 and aims to achieve development and economic growth through cooperation of member states.  …

Most stock market enthusiasts might have come across “Margin Call”, a 2011 film that follows the key people at an investment bank, over a 24-hour period, during the early stages of the global financial crisis. Margin Call tells a story about the volatility of trading prices and how a fire sale (when a firm sells …

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Piggy recalls his kindergarten days; jumping a rope and singing rhymes on the playground. “Chitty Chitty Bang Bang sitting on a wall, trying to make a dollar out of fifteen cents” was one of those rhymes that all the little girls and boys sang. Even after some years, the song has just stuck with Piggy especially …

Following on the article about Chitty Chitty Bang Bang, it is now clear that battle lines have been drawn between the main actors on the Zimbabwean foreign exchange market. On 15 June 2020, the Financial Intelligent Unit (FIU) issued a Press Statement indicating that it has been monitoring social media platforms, particularly WhatsApp groups where …

Piggy has had the privilege to attend conferences, breakfast meetings and various economic forums that revolve around the Zimbabwean economy. An interesting observation is that after all discussions and debates at such events, everyone (including guest speakers that are in most cases Ministers or Permanent Secretaries) usually comes out with one conclusion: There is need …

For any follower of economic events in Zimbabwe, it would appear that the economy is on a “merry-go-round”. Two things have just repeated themselves: (1) a Foreign Exchange Auction System has been re-introduced and (2) trading on the Zimbabwe Stock Exchange (ZSE) has been suspended. This is economic history repeating itself and readers would recall …

Human rights, free elections, inclusiveness, equality, freedom of assembly and expression, rule of law are some of the ideals that have been endorsed and are being promoted in modern day societies. Democracy is the fundamental component. It is basically a form of government in which the people have the authority to choose their governing legislation. …

Piggy recently participated in a debate on whether Zimbabwe should re-dollarise or not. As expected, all panellists agreed that Zimbabwe has already dollarised unofficially as evidenced by the wide use of foreign currency in private transactions (as a unit of account, a medium of exchange and as a store of value). Dollarisation discussions have come …

Piggy discusses the impact of the suspension of ZSE trading activity on investor sentiment. Investors should also consider other alternative trading and investing platforms where they can trade instruments such as forex, indices, commodities and global equities. (Click on Image) Learn more about trading and investing in shares and forex by being part of the …

Piggy is concerned about the deteriorating macro-economic fundamentals in Zimbabwe and the impact it has on household incomes.  Here are some important facts that have to be considered; The official inflation in Zimbabwe reached 765.6% in April from 676.4% in March 2020, amid a weak exchange rate and climate-induced food shortages which were aggravated by …