5 Mar Zimbabwe's ailing economy

Zimbabwe’s economy is now experiencing its highest inflation in a decade, at 42%. Recently the country was put in the spotlight when it was reported that the country’s fuel is the most expensive in the world and that it was also experiencing shortage of bread. Last month Zimbabwe’s government announced that it would drop the US dollar and launch their own currency as an effort to revive the economy. Ever since taking over power in November 2017 President Emmerson Mnangagwa has been travelling the world on an investment drive for his country, however, it has been reported that multiple companies in various sectors in the countries have shut down, while other employees have forced their employees to go on leave.
To look at the how the country can reform its economy we speak to:
• Derek Matyszak, a senior researcher at the Institute for Security Studies
• Dr David Monyae, co-director of the University of the Johannesburg Confucius Institute.
• Prof. Roger Southall, Emeritus Professor in Sociology at the University of the Witwatersrand
Loading player...