Zimbabwe runs out of bread, the country runs out of hope

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Zimbabwe runs out of bread, the country runs out of hope

Mugabe drove the farmers off their farms and gave them to his henchmen, he also destroyed the power industry and the the fuel supply. As a result the basic infrastructure of Zimbabwe is collapsing.

Without power to create the irrigation there is no water for crops. Without the farmers to plant the wheat there is no bread.

I wonder how far further this country has to fall before someone steps in and removes Mugabe. The miracle of Zimbabwe is that he has lasted so long.

...

Zimbabwe's bakeries have shut and supermarkets have warned there will be no bread for the foreseeable future as the government admitted that wheat production had collapsed following the seizure of white-owned farms.

The agricultural ministry announcement that the wheat harvest is only about a third of what is required, and that imports are held up by lack of hard currency, came as a deadline passed today for the last white farmers to leave their land or face prosecution for trespass.

 http://www.guardian.co.uk/z...

This blog shows the level of deprivation the country is in, from someone who seems to be well off. He can afford meat.

 http://www.sokwanele.com/th...

To put this in context, the Zimbabwean government recently gazetted the minimum wage for domestic workers to be Z$120,000 a month. So, to afford one of these tins of very ordinary jam, the domestic worker would have to save every cent of over four months worth of wages.

This is what Mugabe’s price controls have done to Zimbabwe’s shops, even the most major supermarkets! Nothing to buy.

Jam price...

priceofjam.jpg - 49.64kb
By netchicken: posted on 2-10-2007

Hurrah they are going to do something!!

Although its only a bandaid approach to the problem. .... it sounds like a skit from Monty Python, "Sunrise 1 didn't work, so we will make Sunrise 2!

Zimbabwe is to introduce a new currency by the end of the year in an attempt to control the country's extreme rate of inflation, the governor of the country's central bank has said.

Gideon Gono, the Bank of Zimbabwe governor said in a statement on Monday:
... Quote:
It is over a year since we launched Operation Sunrise One which saw the slashing of three zeros" off the country's currency.

"I can confirm that Sunrise Two is coming and it is coming very soon.
Zimbabwe's world-record inflation rate of 6,592 per cent has led to shortages of commodities and mass unemployment.

Robert Mugabe, Zimbabwe’s president, has prioritised reducing inflation, with the government imposing a price freeze three months ago to try to control spiraling prices.

But the move has prompted businesses to stop stocking bread, milk and other basic consumer items.

Business concerns

In his address, Gono said the central bank will impose deposit thresholds during the changeover to the new currency.

He advised businesses and individuals to refrain from keeping large amounts of funds, or else risk losing their money due to the deposit limits imposed during the change.

Gono also announced the bank was increasing the main lending rate to 800 per cent from 650 per cent.

He predicted that inflation should decelerate in the medium term but spending before parliamentary and presidential elections in 2008 would put extra pressure on the rate of inflation.

"The threat of continued inflationary pressures remains high," he said.

The governor expressed concern over a bill approved last week by legislators which allows Zimbabweans a majority stake in foreign-owned firms.

Opposition politicians have said that the new ruling could further destabilise the country's economy, while foreign-owned companies in Zimbabwe are worried they could lose control of their businesses.

As Gono presented the monetary policy, Mugabe told supporters his government would seize defiant businesses over high prices.

Mugabe says some businesses have raised prices without justification, alleging it was part of a Western plot to destabilise the country and ultimately unseat him.

"We don't want to be chasing each other. We will have to seize the companies," Mugabe said.

 http://english.aljazeera.ne...
By netchicken: posted on 2-10-2007

Actually, what Mugabe did to Zimbabwe was a long time in the coming. A predominantly Black nation was completely run and controlled by White Europeans for so long that the natives were bound to resent them. Mugabe just brought out their frustrations into the open.

I mean take zimbabwe as a whole and a few years ago every decent corporation, farm or business was white-owned . This could be that White business men or farmers were hard working but success also breeds resentment in the unsuccessful.
By IAF: posted on 3-10-2007

Rhodesia was the bread basket of Africa. The farms were wonderful. People throughout the continent benefited from Rhodesia.

How about now? Now that the farms have been stolen and then given to the buddies who have no clue how to run a farm, now that it is clear as a bell what Mugabe is, whatcha think about it now?

Mugabe did to Rhodesia what people like that do, they destroy. "The people" got nothing but disease, starvation and death. The entire continent has suffered. Ain't communist revolutions grand?
By Thomas_Crowne: posted on 3-10-2007

OK Zimbabwe is running out of food, and there is not enough grain to make bread. So what do they do?

Prosecute the farmers who are growing grain!

Ten white farmers appeared in court in Zimbabwe yesterday accused of growing crops on their land — in a country where millions of people will need food aid within the next few months.

The case in Chegutu district, 70 miles southwest of Harare, exposes the perversity of President Robert Mugabe's policies. Commerical agriculture was the mainstay of the economy in the days when Zimbabwe was a food exporter.

Since 2000, when the government began seizing white-owned farms, many of them violently, the agricultural sector has collapsed and the economy has gone into freefall, with inflation now at 6,600 per cent, the highest in the world.

The World Food Programme estimates that it will be feeding 4.1 million Zimbabweans, one third of the population, by the end of the year.

But none of that has stopped the Zanu-PF regime.

Now the Chegutu group is charged with violating the Consequential Provisions Act, which gave the few hundred remaining white farmers a final deadline of Sep 30 to leave their land and homes. The colonial-era Chegutu courtroom was packed by the so-called "war veterans" who are Mr Mugabe's staunch supporters, and "beneficiaries" who stand to be given the properties should the 10 be convicted.

More on the site
 http://www.telegraph.co.uk/...
By netchicken: posted on 8-10-2007

Unbelievable numbers and forecast for Zimbabwe's economy...

Zimbabwe's annual inflation shot to almost 15 000% last month, almost double the previous month's rate and the worst mark yet in the country's struggle with hyperinflation, according to reports on Friday.

The privately owned weekly Zimbabwe Independent quoted official sources in the state-run Central Statistical Office as saying annual inflation in October reached 14 850%, against September's 7 982%.

The office was promising journalists and economists on Monday that the eagerly awaited monthly figures would be released as they normally are on the 12th of the month, but on Friday would not confirm the Independent's report.

On previous occasions this year when the government embargoed the release of statistics following spectacular rises in inflation, Harare's privately owned newspapers had correctly published the figures.

Monthly inflation from September to October soared to 135%, against a previous high of 102%, the Independent said. Monthly inflation sustained at that rate for a year would produce annual inflation of 2,8-million percent, according to economists.

Also on Thursday, President Robert Mugabe was quoted in the state-controlled daily Herald as saying that "Zimbabwe will not collapse, now or in the future" and blaming "the dark clouds sown by Western destructive forces" for the country's economic demise.

Zimbabwe is in its 10th year of fundamental economic decline, the fastest in recent history in a country not at war, following what the International Monetary Fund confirms is a history of reckless political decisions and economic bungling.

Zimbabwe's inflation is the highest in the world, the currency continues to halve its value each week, now standing at $1 to Z$1,5-million.

About four million people are forecast to be hit by famine in the next few months, and needing to be fed by Western aid agencies.

The country was regarded by the World Bank as Africa's brightest hope for broad economic prosperity, but its thriving agricultural-based economy was dealt a critical blow in 2000 when Mugabe, now 83, began the illegal seizure of nearly all the country's highly productive white-owned farm land.

Zimbabwe is now experiencing a critical shortage of cash, with banks on Friday restricting customers to withdrawing Z$10-million and a sudden surge in barter trade using fuel, fuel coupons, even beef or chickens instead of cash.

Supermarkets and shops are critically short of goods following a crackdown in June in which the regime, as a strategy to beat inflation, ordered all businesses to sell their goods at well below what it cost to procure them.

This week, Godwills Masirembwa, the head of the state-run Prices and Incomes Commission, which sets prices and wages -- ignored on pain of a jail sentence of up to two years -- announced that companies had up to November 22 to cut the prices of imported goods.

Imported goods have been steadily replacing locally made goods that disappeared from the market in the wake of the first blitz. The commission has ordered that businessmen will be allowed a range of mark-ups of goods bought abroad and imported for sale in Zimbabwe.

Masirembwa has insisted that the value of the goods be valued in Zimbabwe dollar -- but at the officially fixed exchange rate of $1 to Z$33 000, instead of the far higher semi-legal parallel exchange rate, almost the only source of hard currency businessman have access to for import purchases.

 http://www.mg.co.za/article...
By netchicken: posted on 17-11-2007

Zimbabwe can no longer calculate the rate of inflation because there are not enough goods left in the shops

Well thats the end of that, no goods no inflation.

Zimbabwe can no longer calculate the rate of inflation because there are not enough goods left in the shops to allow price comparisons, the Central Statistical Office claimed yesterday.

Moffat Nyoni, the Director of the CSO, said that it had been impossible to compile reliable data for the past month because of “the unavailability of required information such as prices of goods, due to their shortage on the formal market”.

According to leaked figures, the annual inflation rate in October stood at 14,840 per cent — almost double the 8,000 per cent in the previous month.

The CSO usually publishes its statistics in the middle of the month, and its failure to do so this month led to allegations that they had been deliberately suppressed. Each passing month’s figures openly contradict the Government’s constantly trumpeted claim that it is beating inflation.

But Moffat Nyoni, the director of the CSO, said inflation in Zimbabwe could no longer be measured, because there were not enough goods in the shops.
... Quote:
There are too many data gaps. We went to too many shops to observe and so compilations have not been completed. Some of the goods used in the inflation basket were not available in the shops.

Goods have been scarce since July, when businesses were forced to slash their prices to well under what it cost to buy or produce them. President Mugabe hoped that the strategy would beat inflation, which he believes is a plot by businesses in collusion with Western governments to create economic chaos that would lead to open revolt and bring about his overthrow. Thousands of businessmen were arrested for “overcharging”. Shops that refused to lower their prices were raided by soldiers, police, state secret agents and often price inspectors in an orgy of legalised looting.

Not many are convinced by Mr Nyoni’s explanation, however.

Twice this year the Government has stopped or delayed publication of CSO figures. “Its professional organisation and its figures are internationally audited,” said a business executive who asked not to be named. “Professional people are being made to lie by the Government because the data is so scary. We have a government that would prefer to change the data than change the reality.”

Harare shopping centres were crowded yesterday but most people were anxiously waiting to draw money from banks, which now allow individual customers Z$10 million (£3.35) and companies double that. Few had stocks of cash, and most could serve customers only when someone came in to make a deposit. In supermarkets people wandered past half-empty shelves that for months have rarely offered even basic necessities.

More on the site
 http://www.timesonline.co.u...
By netchicken: posted on 29-11-2007








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