On the 28th of September 2024, many a Zimbabwean became aware of the resolutions of the monetary policy committee meeting held the day before. A number of resolutions were made which included an increase in the bank policy rate from 20% to 35% and reduction of the amount of forex an individual can take out […]
The global elderly population is increasing, and while the Western world is generally better prepared for this trend with assets, retirement packages, savings, and investments, the situation in Zimbabwe is quite different. Many retirees in Zimbabwe lack substantial savings or secure retirementg packages, which creates a challenging situation. Even though some own homes, financial security […]
Zimbabwe’s economy is definitely an interesting one with the multi-currency system, shortage of foreign currency and the trending away from Bond notes. With the multi-tiered pricing and recent shortages, one thing that has stood out is that cash is king and more in particular, US dollars. It is no secret that a large percentage of […]
Bond notes, US dollar, RTGS and so on keep Zimbabwe’s economic machine in motion. As far as the Reserve Bank of Zimbabwe is concerned, these are officially at a one to one ratio. But, as those living Zimbabwe at the moment know, that is not the case at all! Zimbabwe’s economy has once again gone […]
A miss is as good as a mile. A situation in which you manage to buy a house or stand for sale somewhere at the backyard of the property market when the initial dream was about one in Harare North’s affluent Borrowdale Brooke will never cover up for the fact that you failed to achieve […]
When you want to buy immovable property its important to know what to do and where to start. A lack of this know-how has led many people’s hard earned cash into the evil hands of fraudsters . Others have invested into motor vehicles using funds set aside for property investments because the know-how about buying […]
Questionable contractual capacity of a seriously-ill seller In Zimbabwe purchasing property being sold by a seriously-ill seller can be dangerous so it must be approached with great caution. If the seller heals, armed with medical records he can rise from the death bed with a backlash and claim that when he sold, he did so […]
The state of the property market is a reflection of the economic path the ambitious Zimbabwean take from being a peasant to a wealthy person. An analysis shows that we all belong to four market segments namely the high, medium, transitional low and affluent low densities. The high density ( house prices $20 000.00 [core […]
Our economy has been through all sorts in the last few years. It’s has gone from a functional Zimbabwe dollar to a dysfunctional dollar that saw unprecedented levels of hyperinflation that caused all sorts of chaos. It got to a point where it didn’t make sense to transact in our own currency where trillion dollar […]
Last month we came across a tweet with a screenshot of a smartphone map app where the LongCheng Plaza in Belvedere’s online listing was marked as Zhing Zhong! For those of you who aren’t familiar with the term Zhing Zhong, it isn’t exactly politically correct. If you do a search for the term, what comes […]
