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Piggy’s Articles

Piggy’s Articles

Piggy has been consistent on the view that the introduction of a new Zimbabwean dollar (ZWL) at a time when the economy is contracting was not just a bad idea – it was nuts! There is clear evidence on the ground that the ZWL has failed as traders and merchants continue to charge in United …

An interesting concept in game or economic theory is the zero-sum game. This is a mathematical representation of a situation in which each participant’s gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants. If the total gains of the participants are added up and …

On the 17th of January 2020, the Monetary Policy Committee (MPC) nicodemously met at the Reserve Bank of Zimbabwe (RBZ) and made several deliberations. According to a circular that was published by the RBZ, the MPC noted a need for banks to hold sufficient capital to ensure continued stability and soundness of the financial services …

Vanilla is a popular spice that is also a key ingredient in products such as chocolate and perfume. However, it is becoming increasingly harder to find. In fact, the global wholesale price of vanilla has reached around USD500 to USD600 per kilogram, when just a few years ago it fetched just a tenth of that. …

Piggy believes there is a new narrative playing out in Zimbabwe given the fact that the country is beginning to experience a loss of skills to other countries on the back of the harsh economic environment. A recent article in the Economist cites an interesting new paper in the Journal of Epidemiology & Community Health that …

The eradication of poverty and the need to ensure food security are some of the key goals pursued by many poor countries as they seek to achieve sustainable development goals (SDGs). However, the threat of climate change, which is having a devastating effect, makes the achievement of these goals a near impossible task. Indeed, climate …

The Zimbabwean economy is going through a lot and has been doing so for the better part of the last few years. However, what the economy is going through is not extraordinary. We have seen this before, and for many, this memory should be very clear as it was a little over a decade ago, …

From a more global perspective, studies suggest that the quality of a firm’s leadership explain about 15% of the variance in company profitability.  Just like in the game of football, fans lay most of the credit or blame for their team’s results on the manager. That being the case, a common feature globally is that …

In the Bible, in Genesis Chapter 11, there is one of the most extraordinary stories that depicts the relationship between God and Man.  In this story of the Tower of Babel; Babylonians discover a plain in Shinar and plan to “make a name for themselves” by building a mighty city and a tower with its …

Tuesdays are an important day for foodies and pizza-lovers in Zimbabwe as they will be taking advantage of the “buy one get one free offer” – which is a promotion by Pizza Inn known as Terrific Tuesday. Pizza Inn is one of the flagship businesses of Zimbabwe Stock Exchange (ZSE) listed Simbisa Brands which is …

According to the 2017 Credit Suisse Global Wealth Report, there has been significant rises in wealth throughout the world, driven not only by robust equity markets, but also by substantial increases in non-financial wealth. Overall, aggregrate global wealth rose by USD16.7trn to USD280trn, up 6.4%. In fact, wealth growth outpaced population growth, so that global …

The Government of Zimbabwe through the Ministry of Finance has unveiled some parastatal reforms that will see the liquidation, merging, privatisation and recapitalisation of some state-owned utilities (SOEs).  It is worth highlighting that Zimbabwe has over 100 parastatals whose capital stock is at USD14.0bn but 99% have been loss-making. In the mid 1980s, these parastatals were …