I had a seat down with Zimbabwe's Minister of Finance,
@MthuliNcube
and I asked petinent questions about Zim's economy, including your query
@baba_nyenyedzi
on Y the reserve ratio was not adjusted when bank policy was lifted to 200%.
Perhaps join my "Spaces" this Monday na 8pm.
Whoop Whoop !
My suggestion was adopted as is:
The DOMESTIC TOP UP TAX (DMTT)
Entities "Domiciled/Resident/Incorporated" outside Zim but with operations in Zim will now need to pay up to 15% corporation tax on local profits, with a formula to effect local rebates + foreign tax.
5 "O"-Levels including Bs or Better in English and Mathematics as minimum requirements for any Zimbabwean citizenship application.
(Other than by birth)
Below is the ZWL to ZiG Conversion Sheet.
So
@CityofBulawayo
has been granted leave to extend its borders to a 40km radius!
That makes Byo rate payers of the likes of Esigodini, Umguza, Ntabazinduna, Airport, TurkMine, Nyamandlovu, Figtree, Matobo etc
Importantly, it instantly grows City's population to above 1,2 mlln
We now have QR CODE MONEY!
Expect it to be blockchain verifiable & e-wallet linked in the near future.
Meaning even our taxes can almost never be dodged in that era.
In fact, in that epoch the Gov. will even have power to "lock" u out of transacting!
Welcome to the CBDC era!
Plz join our X SLACE this Sunday
@1830hrsCAT
to explore:
BUSINESS OPPORTUNITIES & FUNDING OPTIONS
with
Mr Hubert
AfDB - Cote D'ivoire
Hon.Chasi
Fmr Mtr of Energy & Power
Mr Munetsi
Trade & Infrastructure Financing, SA
Mr Mutanga
Agro-Project, Uganda
1/ We’ve just finished the report on Zimbabwe’s Oil and Gas prospects in the wake of the gas discovery announcement by Invictus titled:
"New Entrant, Old Expectations:
Remodeling Zimbabwe Gas Management for Optimum Growth."
We are excited to share it with you.
@andrea_hoxbucks
@memorynguwi
@spencerchiggs
Brother... from observation, and I'm speaking as a novice in that field but been long enough an employee to hold an opinion on the matter;
The loyal to the boss employee :-
May indeed rise up the ranks, but this ascent is frequently tethered to the whims of their superior.
Are u in BUSINESS or intend to be?
Is it a startup, inherited or bought?
Do banks help?
Can yo clients fund yo growth without supply history?
Which is viable debt financing OR equity funding?
Any legislative incentives in your country?
Come let's DISCUSS.
By Public Demand,
We bring you the second installment of;
"THE MUTAPA INVESTMENT FUND"
The what, when, where, how & possible why...
This time we have guests from across the globe (the UK, USA & Africa), all Legal and Investment experts.
{X SPACE Saturday 7 Oct
@1830hrs
CAT}
I've been witnessing these heartbreaking stories of people being uprooted from their rural land lately. As short as 48hr notices. Properties knocked down. Heart wrenching is perhaps the most appropriate term.
Several things jump to mind when witnessing this, like its affecting
We now have QR CODE MONEY!
Expect it to be blockchain verifiable & e-wallet linked in the near future.
Meaning even our taxes can almost never be dodged in that era.
In fact, in that epoch the Gov. will even have power to "lock" u out of transacting!
Welcome to the CBDC era!
"HAKUNA CHINORAMBA"
(Nothing is impossible)
- Lamondy Dube [2024]
SA Zim Embassy done.
It was UK Embassy's turn.
Next stop China. USA & Australia we will advise dates soon.
Spreading the 'BidVerse Capital' word.
Giving you the tools to manage your finances to meet objectives.
Here's a quick way to analyse a Balance Sheet for investment decisions
(stocks, divest, merger, acquire, loan etc).
Watch out for these 10 green flags:
1️⃣ More Cash Than Debt
Formula: Cash vs Debt
What: Cash creates options. Debt reduces them. Strong Co.s have manageable debt.
Zim’s largest Bank
@CBZHoldings
buys out rival
@FirstMutualLife
from the state-owned pension fund
@nssazw
Is this a win-win or a lose-lose deal for the financial sector & its stakeholders?
And what is the regulators' view?
Read our exclusive analysis here:
@newswireZW
The decline in income attributable to softening global market prices is the 20% ebb in revenue from US$962mln last year to US$767mln in the year ended June 2024 with just 6% increase in output.
Meaning the sharp decline of 96% in profit from US$205mln to US$8mln is more
@Zvoutete14
Ko "Ntuthu Ziyathungqa" is the whole City of Byo collectively.
Literal translation: "Bellowing Smoke"
referring to the industry chimney smoke, particularly Byo Power Station (Now ZESA) cooling towers, whose smoke u cld see tens of km away as u approached the somewhat flat region
@begottensun
In the early 2000s NUST had a 1 year postgrad diploma in INTERNAL CONTROLS & FRAUD DETECTION , which I took (those still at NUST plz advise if course is still running).
I found it to be too Eurocentric and Large Corporate oriented to be very practical. This
@begottensun
is the
💡I'm excited to announce that I'm hosting Zimbabwe Mercantile Xchange, the innovative new market for farm produce
Mr Collen Tapfumaneyi, ZMX CEO, will be on my Space this Saturday 1830hrs providing insights into exciting opportunities 4 farmers & consumers alike
Don't miss it!💡
1/ As the year 2023 comes to a close, I would like to thank you all for the engagements and exchanges we enjoyed the past 12 months.
I'm especially grateful for the 2hrs you spare to listen & make submissions in my Sunday X Spaces, where we explored all things Economics & Finance
Ka Dube Mthembo, lala ngoxolo🕊
The most fearful I've ever come to peeing myself was an incident involving the man I wld later call "baba" whenever we interacted, retired Colonel Tshinga Judge Dube.
The yr is 2002, I'm fresh from my 3 mnth induction as a ZIMRA Officer @ Kurima
Following the ZiG losing 42.55% of its value today, this has seen the
@ZSE_ZW
lose an equivalent of USD 1.9 Billion's worth of total market capitalisation, in real terms, in an instant
(from its ZWG 74.6 billion market cap) !
But at least that is an "abstract loss", for now, as
Due to the overwhelming response to our Discussion last week about BUSINESS FUNDING,
& the inundation of my DMs for requests to expand the scope,
we will do 5 series on the topic.
We've identified 10 headings.
Last week we did the first 2
This weekend we do 3 & 4
Meet u there.
Are u in BUSINESS or intend to be?
Is it a startup, inherited or bought?
Do banks help?
Can yo clients fund yo growth without supply history?
Which is viable debt financing OR equity funding?
Any legislative incentives in your country?
Come let's DISCUSS.
@mutungadzimwe
You remind me of a discussion I had with an electrical engineer who introduced me to the concept of "smart mini grids," which consist of electricity generators, energy storage systems, and a distribution network that can operate independently from national electricity
We are happy the
@ReserveBankZIM
Governor Dr. Mushayavanhu and team are listening.
ZiG 1 to ZiG 5 will be now be coin format.
1/4 Zig, 1/2 Zig "to be introduced in due course” - RBZ Governor
Listen from minute 03:26 below. Three weeks ago I address exactly this point:
Just found out today that humans are the "most sensitive" to the castor oil seeds:
It takes ONLY 1 to kill a full grown human!!!
... 11 to kill a dog, and a massive dose of 80 to kill a duck.
The seeds contain ricin which is roughly 6000 times more poisonous than cyanide, so
Your worship, Mayor
@JMafume
, I respect the calm demeanour u exhibited under "fire" on
@MacBelts
's Space.
This is not a comment about the content of your responses, but just your resilience to have endured 6hrs of that salvo of, sometimes, vile questions.
Kudos 👏🏽
I’d like to apologise unreservedly to our loyal audience who come every Sunday
@1830hrsCAT
for what transpired in our Space today😭
I absolutely have no words to even begin…sorii zvenyu🙏🏽
Regardless, I commit to continue my nonpolitical educational talks
Meet next Sunday hama
Ever wondered why a country, that prints it's own currency, has to tax the citizens?
How much more difference will your taxes make, compared to reducing taxes, leaving you with more in the pocket to stimulate the economy, through increased aggregate demand, which will offset the
This Sunday the 1st of September at 2100hrs CAT I'll be reacting to the Zim🇿🇼
2024 MID-TERM MONETARY POLICY REVIEW.
We will stream here on X (link below) and on Google Meet, simultaneously:
URL
Will look at the main points therein, as well as the
🧵1️⃣
As an ENTREPRENEUR, certain occasions'll require u make a proposal presentation. A PITCH.
To your bank. A financier. A potential partner or employee, etc.
Are u equipped to make a worthwhile submission that will canvass the desired response from your audience?
I'll assist
🧵1️⃣
TIMELESS INVESTING PRINCIPLES:
INVESTING vs. SAVING
While saving is a safe bet for short-term goals, investing can significantly increase your wealth over time due to the power of compound interest & market growth.
Zimbos🇿🇼 are we ready to send not just subsistence remittances back home but also investment money?
Which wld appeal to u more most, a Corporate Bond (pvt) or a Gvt led one?
After SOVEREIGN WEALTH FUND discussions my next X Space topic is:
"DIASPORA BOND"
GOLD PRICES RISE ABOVE $2,400/OZ FOR 1st TIME IN HISTORY !
$GC_F $GLDThe
1 ZiG is based on 1 milligram of gold which was 6cents per milligram then.
Today 1 milligram is 9cents meaning, ceteris Paribas, it has to be
US$ 1 = ZiG 11.10
What is the US$/ZiG interbank rate today?
Can't we collapse 6 Ministries into 3 maybe?
H & T Edu
Skills Audit
Pri & Sec Edu
Youth
Labour
Women Affairs
Then include "Min of Economic Planning & Development"
Also, National Housing+Local Gvt combine
Industry+Trade+SMEs too
Free up Foreign Affairs for diplomacy only
I know... I may be torching a blaze here. But I trust there could be method to my madness, once you hear me out.
RBZ must mandate 25% ZWG in ALL transactions!
Yeah I said it! On everything. Groceries. Fuel. Government services/taxes. Flights. Salaries. Rent. Zvese!
First, we
- Did you your pension money through inflation?
- Did your policies pay a pittance by the time you received them (if at all)?
- What is S.I. 162's directive?
- Do the pensions have the capacity, as they say they do?
- What is the likely impact of this?
🧵1)
@Zimra_11
we implore you to revise upwards the Paye-As-You-Earn (PAYE) Tax Brackets for ZWL salaries to reflect the new salary value, in nominal & real terms, and to restore equitable taxation rates for those earning in ZWL to be at par with fellow workers earning in US$.
@NormanMaroto
Gwejegweje (Mabatha), a good friend of mine 😁👍
We were together in the middle east for a while
b4 he went back home into agriculture briefly,
later relocating down South where he's running a very successful Transport & Logistics Co. in Pretoria.
Kudos to him. 👏
Econet stock's trapped in a sideways channel & has been experiencing compression ranging ZW$450 & ZW$550 for past 18 weeks,
so expect a significant breakout (or breakdown) thereafter.
But wait for clear signal of a trend reversal or continuation before taking a position.
Those who were in my X Space last Sunday discussing 10 ways to finance a business will remember I emphasised the point that equally as important as raising money a business should put similar, if not more, effort in saving what it already has...
WHY PRIORITISING INFRUSTRUCTURE IS INDISPENSABLE FOR A DEVELOPING NATION.
{Note* this is the "WHY?" part.
The "HOW?" part, including;
activity types/financing structure/project terms etc,
are an entirely different but critical topic as misalignment may undo the positives.}
@nickmangwana
Mkoma Nick, I reckon deeper conversations have to be done beyond just the "managed" exchange rate or the ability (or inability) to transact in USD in those countries. After all we chose multi-currency, they didn't.
The trend is more important in exchange rates than the rate
@ReserveBankZIM
WholesaleForeignExchange
WillingBuyerWillingSeller
ForexAuctionAverage
ParallelRate.
In Chemistry, there's chemical reaction when volatile/unstable elements interact & thereafter appears a precipitate with rearranged form characteristics.
In Economics?
Well. Same description!
We've acceded to your request to redo the discussion about;
THE MUTAPA FUND.
Let's meet later today
@1830hrs
Zim time.
For those who will attend, plz let's be respectful and keep it a "safe space."
Those who can't, u can enjoy the recording after 🤝.
BRICS to topple G7 as World’s Economic Superpower by 2050!
We' are witnessing profound shifts in balance of economic power as emerging BRICS is now challenging dominance of G7 Countries.
Future global economy will depend on how these 2 adapt to each other.
CHARLIE MUNGER passed away yesterday.
He would have turned 100 years in a month from now.
As a tribute to one of the eminent investors of his generation I'm posting
7 things poignant points from Charlie:
1. The first $100K is a b*tch:
Next on
#DrAdmireSpaces
we HOST stalwarts within the economic empowerment space in the SADC region as we discuss:
INDIGENOUS EMPOWERMENT VIA ECONOMIC POLICIES
- From Zim🇿🇼 we have the former Minister of Youth Dev., Indigenisation and Empowerment
MR SAVIOUR KASUKUWERE
- From
🧵1) I've finished writing a report on the "Rationale & Objectives of the new Policy Measures announced by Prof. Mthuli Ncube on 29/05/2023"
But before we delve into the report it is incumbent upon any finance practitioner monitoring Zim🇿🇼 macroeconomics to note the incongruity,
Are u interested in investing & the stock market?
U want to gain valuable skills & knowledge that can help u achieve your financial goals?
If yes, & u meet the requirements, plz apply for a free 6 week course that I am offering.
FREE!
[Empowering you. I'm not selling anything!]
SkyPower &
@zesaholdings
's
@ZetdcOfficial
have signed Power Purchase Agreements (PPAs) where Green Giant project will deliver 500MW of solar power, representing approx. 25% more on the country's current generating capacity of 2,000 megawatts MW.
Unpopular question...:
Why are
I suggest that:
A motion be moved in parliament to amend the;
COMPANIES AND OTHER BUSINESS ENTITIES ACT [24:31] (COBEA)
Section 190, of the Act requires every listed company to disclose, in its financial statements, remuneration or benefits paid or provided by the company to
In 2023, Tanganda Tea gave executive directors short-term benefits totaling ZW$18 billion (51% of the Gross Profit), in addition to their directors fees and expenses. The company went on to record an annual loss of ZW$17 billion. This suggests that Tanganda will break even if
- How much shld u save & invest for retirement?
- What are the suitable plans for you, especially after you are 40?
- How do you optimise retirement income sources for different age groups?
- What other things to consider?
Listen in to our discussion:
Zim has innumerable challenges. And we have an equally uncountable number of critics and skeptics.
If only 10% of those complaining look at the challenges as problems to solve, Zim will improve tremendously.
More so if solving the problems becomes profitable for u.
Isn't that
"For you to make money, try to think of a problem.
Solve it.
And if you solve it well, you are going to make money.
So this is us trying to solve Zimbabwean problems, at a return for us."
AMD CAPITAL
The Topic for our TwitterSpace this Saturday 29th of July at 1830hrsCAT is,
REMITTANCES:
Is Zim🇿🇼 getting it right
OR
It is profiting from its wrongs?
Panel discussants include reps from
@Sendhome1
,
@SasaiGlobal
,
@accessforex_com
and 2 others awaiting authorisation.
#BidVerse
Canadian 🇨🇦 PM candidate, Piere Poilievre, explains inflation in easy to understand, bite-size, terms.
[I love his dollar-for-dollar, but that's hot air. Once in office he will soon be confronted by the 'benefits' of macro-economic seigniorage in printing]
The total number of Mosi-Oa-Tunya coins sold by the RBZ or its agents from inception in July 2022 to Dec 2023 was 15,500 pieces, (about 440kgs), valued at US$28,897,250 at time of sale.
I'm tempted to analyse this data against
@ReserveBankZIM
targets at time of inception in July
1/ We’ve just finished the report on Zimbabwe’s Oil and Gas prospects in the wake of the gas discovery announcement by Invictus titled:
"New Entrant, Old Expectations:
Remodeling Zimbabwe Gas Management for Optimum Growth."
We are excited to share it with you.
AFRICA'S DEBT CRISIS: ARE THE RATING AGENCIES CULPABLE?
"...But is this criticism justified?
Are the rating agencies really the villains of Africa's debt story?
Or are they simply doing their job of assessing and communicating the relative risk of default?
And more importantly,
I apologise, I will not be hosting my usual Sunday noon
#DrAdmireSpaces
today.
Had a long 6hr stint yesterday contributing in
@g_chat_defined
, my understanding of Zim Sanctions from an economics perspective, assisting the very able
@matinyarare
and
@MatsangaDr
.
Thank u madam
𝐙𝐈𝐌 𝐒𝐓𝐑𝐀𝐓𝐄𝐆𝐘 𝐁𝐑𝐄𝐀𝐊𝐒 𝐔𝐒 𝐒𝐀𝐍𝐂𝐓𝐈𝐎𝐍𝐒.
The U.S. government has never been coerced to remove their executive order sanctions on any nation ever before in history, except by Zimbabwe.
In 1948, they imposed executive order sanctions on Germany and Japan and
Imagine a ZiG holiday🇿🇼 in future.
Our leaders, we may need a day off each year to support our currency and build "confidence" around it ka... 🥂
Plz second this motion guys
😁🤭
I've been holding X Spaces almost every weekend since 8 July 2023!
I've had the privilege of having eminent guests gracing most of these discussions (which we haven't done yet in 2024) to provide expert analysis and opinions on various subjects. I'm not mentioning them
Guys...! Actor Terrence Howard is challenging traditional math & chem.
Speak of his "equanimity" theories and the like 😳
Is this our new Einstein with his
#Terryology
, or just a now washed actor still clinging to delusions of past grandeur and will "act" anyhow for attention?
RBZ MONETARY POLICY STATEMENT.
As we wait for its announcement are we wrong to anticipate new notes?
What with the likelihood of a "new" structured currency & the elephant in the room:
It costs RBZ average 4 to 6 US cents to print a single note (likely at the Leipzig division
@newswireZW
A formal presentation to RBZ of what we've been shouting ourselves hoarse about (and in all honesty, RBZ knew too. Only that they gat bigger fires to fight).
Then on the banks, they too are not coming to the table with proverbial clean hands, per se.
But as a banker...well...🤷♂️
2hr X Space today.
Topic:
Remodelling AFRICA'S City Councils & Local Authorities to run PROFITABLY & SUSTAINABLY.
- Intro
- Current state
- Human social impact
- New Business Model options
- Harnessing Technology
- Success stories
- Q&A
Pmz join...