Zimbabwe Business News
Zimbabwe becomes fashionable once more:
The battered and moribund Zimbabwean economy is once again showing signs of
life. Its too early to tell if the unity government will survive or if
these are the false green shoots seen elsewhere in the world, but a
snapshot of South Africas trade with Zimbabwe is illustrative.
South Africa generally accounts for roughly 50% of
Zimbabwes recorded trade and probably has a far higher percentage of
actual trade as much is unrecorded across the borders, particularly for
consumer goods. South Africas exports to Zimbabwe doubled year on year in
Q1 from 2006 to 2009, illustrating that there are still pockets of economic
activity in the country. Of more interest however, is that year on year growth
in the first quarter of 2009 was 45% up in value terms over 2008 a sure
sign that things are changing.
Much of the growth is related to exports of basic grains
and prepared foodstuffs as both donor and commercial food distribution resume a
degree of normality, but exports of capital goods and base metals and articles
have picked up pace since the unity government came into being. These are
direct inputs into the mining and manufacturing sectors and it bodes well for a
recovery in the economy assuming the political situation continues to
It is against this background that we have decided to
launch Zimbabwe Business
News, an essential tool for business people interested in Zimbabwe.