Farai

[Farai @Alfonsorotami]

@hazelwekwagondo I thought there is an unemployment problem for people already there? Where have the jobs come from

[Farai @Alfonsorotami]

@M_Jay94 @LifeIsArt2304 @MafuMandlenkosi The issue is you a looking at the returns using snapshots i.e at a point in time when the returns are historical high. So not indicative of historic performance assuming mortgage is a 30
Year mortgage and investment is hedging against this debt then returns are 10%

[Farai @Alfonsorotami]

@M_Jay94 @LifeIsArt2304 @MafuMandlenkosi No investment offshore pays 20% return thats an incredible return. In zimbabwe try getting a mortgage and see how expensive and difficult they are to get. Investing off shore zim gvt has strict rules on externalisation of funds

[Farai @Alfonsorotami]

@baba_nyenyedzi But outside his unrealistic immigration policies Farage does not have any sensible economic policies

[Farai @Alfonsorotami]

@linmeitalks Plus how do you treat things like schools do we exclude a person on a visa from schools from public libraries outside their local council or any government services which are being paid for by central government because we can argue thats a benefit

[Farai @Alfonsorotami]

@linmeitalks You are not saying anything newcor which does not exist already. When people come with visa (excl refugee status) they have no recourse to public funds. To get ilr they look at tax records already so it exists already

[Farai @Alfonsorotami]

@SavanahPirate @ZiFMStereo You cannot afford a maid in that case

[Farai @Alfonsorotami]

@acielumumba @wicknellchivayo Pane akamboisa pa linkedin kuti anoshanda ku business ra Wicknell here? Wicknell is the only business man in the world in the world to grow wealthy without taking out any debts/ leveraging or going through capital raising rounds. Its remarkable even elon has not managed that

[Farai @Alfonsorotami]

@baba_nyenyedzi Restrictions to foreigners buying property are not a new thing western societies there are now restricting foreigners from
buying properties as it distorts markets for everyone . What makes zimbabwe unique is money is being laundered via property so locals can never compete.

[Farai @Alfonsorotami]

@baba_nyenyedzi Boris Johnson was a disaster for the UK. His premiership was just scandal after scandal and his young wife had too much control over him which partly led to his downfall

[Farai @Alfonsorotami]

@CoachDebs_spa That would be an incredibly stupid thing to do. The minute you come out publicly to say your business is in trouble credit lines will freeze. Which suppliers are going to provide you product on credit if you come out and say your business is suffering

[Farai @Alfonsorotami]

@rufarogz This doesnt help that general image of zimbabwe as being a country where policy inconsistency is a national sport, rules only apply when convenient and property rights don’t mean much. These madharas have just increased our cost of capital

[Farai @Alfonsorotami]

@malkutsaga @baba_nyenyedzi To prove how much confidence has an impact on your daily life go borrow money right now you are charged 20% pa on borrowings. In economies with high confidence its 5% to 8%, why because the risk of retrospective application of rules is high.

[Farai @Alfonsorotami]

@malkutsaga @baba_nyenyedzi The biggest difference with those countries is there was never a lack of confidence in property rights and rule based order to begin with. In zimbabwe people do not even have confidence that the money in their bank account will still be theirs

[Farai @Alfonsorotami]

@malkutsaga @baba_nyenyedzi So you are changing a constitution in an environment where people do not have confidence in institutions and property rights which further erodes confidence in the system in the first place. Dubai, China confidence was never the issue so you can change.

[Farai @Alfonsorotami]

@malkutsaga @baba_nyenyedzi the optics don’t look good or give confidence given that we already suffer from the perception that property rights do not mean anything in zimbabwe. As an investor how would you have confidence that rules wont be arbitrarily change in a way that destroys your investment.

[Farai @Alfonsorotami]

@bla_bidza This is such bad publicity, the optics don’t look good or give confidence given that we already suffer from the perception that property rights do not mean anything in zimbabwe

[Farai @Alfonsorotami]

@bla_bidza The risk of investing in Zim is high because no one has confidence that in the event of a dispute the courts will apply rules objectively because they only apply when it’s convenient

[Farai @Alfonsorotami]

@rufarogz Doesnt investment take time, the risk is once you complete capex investment gold prices drop before generating returns