@RespectGwenzi@kudzie_sharara They have an option to go to the bank. So, if say RBZ started USD$500 million seed money that means they will require $1.5 billion to buy those dollars immediately. This is before we talk of exporters who also want to sell their receipts. As time goes remittances join in.
@ImcocoMash My risk appetite is still high so forex, cryptos then offloading profits into building a property for students accommodation. Will look at stocks when am 45+
Or Gvt scrapped social grants for just one year took the R278bn and mechanized idle farm lands it owns and hires employable beneficiaries 🤔 besides people rioting for a year would the cost be too much compared to the potential benefit? @jm_busha@sure_kamhunga#RandomThoughts
Zimbabwe GDP after rebasing is +-$25bn. SA social grants R278bn~US$20bn SA Gvt can just buy Zim resources using social grants money alone and current beneficiaries can be shareholders earning dividends annually.
@tugotora @erczimbabwe @newswireZW Conversely, not all citizens need forex to transact that was the problem of not having a local currency so with this move it eases pressure abit on US$ that's where my mind was also when penning that last point.
@tugotora @erczimbabwe @newswireZW I wasn't referring to qtty per say (fiscal discipline covers your concern they where the real movers of forex into the parallel mrkt) anyhow the public still needs to play it's part in reverting back to formal structures as we try rebuild confidence.
1/2 With all due respect, I understand Mr Masiyiwa’s anger EWZ & Cassava are his crown jewels. I however also appreciate the challenging terrain of fin journalism in Zim. Zim has very few competent fin journos. Info on companies is controlled by a few.
I understand that we'd like to think that smarts + process + time = alpha. It's one of the little lies that we tell ourselves to get through the day. Here's the 10-year chart of Berkshire vs. S&P total return. Without private information (and often with it) THERE IS NO ALPHA.
@csmurove This is the most reasonable way to proceed "Extending PPAs by ten years, to 30 years, affords South Africa and investors better long-term value alongside lower tariffs". Once the horses have bolted it's hard to get them back without costs. Gvt shld trade wisely.
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@mpumiglobal Well we hope so. Funny story today was #WHBO who under estimated cost for their Australian road project. Albeit Chinese contractors always over estimate 😂