Monday 6th November 2017
The main factors stabilizing an economy is finance, politics and trade. When these are all in harmony and when they work alongside each other that is when a country can become economically stable.
Zimbabwe has seen a turbulent 40 years of the reign of their government Robert Mugabe. They have been through many political upsets and rage of the people mainly feeling helpless with the country.
Recently the vice-president (Emmerson Mnangagwa) age 75 has been removed from his post due to displaying “traits of disloyalty” with Grace Mugabe speculated to be his successor. There is yet to be a vote scheduled next month at a special congress of the ruling Zanu-PF party next month.
With this drastic change bound to have changes on the economy as shown in the stock market currently. The stock market has seen a large decrease of many leading markets in the stocks and some staying stagnant showing that companies are seizing trading as a result. So, the question begs: is this the right time to start a business?
Sources: BBC News, ZSE