A digital copy of the BH24 (28 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
Independent US oil explorers are expected to report almost $14 billion in losses for 2015 due to plunging oil prices, with Hess Corp. predicted to lose $1.6 billion in its worst annual performance in at least 28 years; Oil companies have been squeezed severely by the over 70% drop in crude prices since mid-2014, wiping out more than $300 billion in market value and forcing thousands of layoffs, debt restructurings and abandoned projects to conserve cash; Hess cut its 2016 drilling budget by 40% and may have few assets left to sell if it needs to raise cash due to the difficult market conditions facing oil expl
A digital copy of the Business News 24 (17 July edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
The summary of the document is:
1) The recovery of loans from the now defunct Allied Bank is facing challenges as many of the loans were transferred to third parties and a significant portion of facilities granted did not have security.
2) The delay in recovering loans will concern Allied Bank's creditors, including government departments.
3) The CEO of the Deposit Protection Corporation said disposal of assets and loan recovery has taken longer than expected due to external factors such as debts being transferred to third parties without security. Most facilities granted to debtors did not have security, impacting recovery rates.
A digital copy of the BH24 (20 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
A digital copy of the BH24 (19 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
A digital copy of the BH24 (28 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
Independent US oil explorers are expected to report almost $14 billion in losses for 2015 due to plunging oil prices, with Hess Corp. predicted to lose $1.6 billion in its worst annual performance in at least 28 years; Oil companies have been squeezed severely by the over 70% drop in crude prices since mid-2014, wiping out more than $300 billion in market value and forcing thousands of layoffs, debt restructurings and abandoned projects to conserve cash; Hess cut its 2016 drilling budget by 40% and may have few assets left to sell if it needs to raise cash due to the difficult market conditions facing oil expl
A digital copy of the Business News 24 (17 July edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
The summary of the document is:
1) The recovery of loans from the now defunct Allied Bank is facing challenges as many of the loans were transferred to third parties and a significant portion of facilities granted did not have security.
2) The delay in recovering loans will concern Allied Bank's creditors, including government departments.
3) The CEO of the Deposit Protection Corporation said disposal of assets and loan recovery has taken longer than expected due to external factors such as debts being transferred to third parties without security. Most facilities granted to debtors did not have security, impacting recovery rates.
A digital copy of the BH24 (20 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
A digital copy of the BH24 (19 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
La asociación FENAHOVEN es una organización civil sin fines de lucro que representa al sector del alojamiento turístico en Venezuela. Sus objetivos principales incluyen mantener la vinculación con entidades afiliadas, coordinar al sector empresarial del alojamiento turístico, y cooperar con los poderes públicos en el desarrollo del turismo nacional. La organización ofrece beneficios como descuentos en hoteles afiliados, asesoría para escuelas hoteleras, y capacitación para el personal de la industria turística.
El teletrabajo implica realizar tareas laborales a distancia utilizando tecnologías como computadoras, internet y teléfonos. Ofrece flexibilidad en términos de horarios y lugares de trabajo, pero también puede aislar al trabajador. En Guatemala ya se usa el teletrabajo para páginas web, contabilidad y consultoría, y proporciona oportunidades laborales para personas con discapacidad.
Sony creó una compañía de drones para capturaTomas Nasurdi
Sony Mobile Communications se alió con otra empresa japonesa, ZMP, para crear una nueva compañía llamada Aerosense que ofrecerá servicios de captura y análisis de imágenes mediante drones y almacenamiento de información en la nube. Aerosense aprovechará las capacidades de Sony en cámaras y sensores junto con la tecnología de robótica de ZMP para desarrollar soluciones para clientes interesados en medir, investigar, observar e inspeccionar, comenzando a ofrecer sus servicios a princip
Dairibord Holdings plans to increase production capacity for its Maheu and cartonised Chimombe products by the second half of 2022. The company's CEO said they will focus on growing volumes of key products and reducing costs. He noted they will double capacity for Maheu and begin internal production of cartonised milk in Zimbabwe rather than having it toll manufactured in South Africa. This is aimed at increasing volumes to meet market demand.
A digital copy of the Business News 24 (04 August edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
Zimbabwe's electricity distribution company, ZETDC, is awaiting delivery of 130,000 pre-paid meters by next month to migrate the remaining 120,000 customers still using the old billing system and to provide meters for new housing developments. ZETDC has already migrated 563,000 customers to pre-paid meters since starting the pre-paid metering project in 2012. The installation of meters for the remaining customers is expected to be completed by the last quarter of this year.
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
Industry, Finance ministries working on Zimbabwe tariff order for EPA Zimpapers Group (1980)
The Zimbabwean government is working to establish the necessary legal framework to fully implement an Economic Partnership Agreement (EPA) signed with the European Union in 2009, which establishes a free trade area between the EU and Zimbabwe. The EPA grants duty-free access for trade between the EU and Zimbabwe, and Zimbabwe is expected to progressively liberalize 80% of imports from the EU by 2022. Government officials are working with the Ministry of Finance to gazette a Zimbabwe tariff order to pave the way for implementing the trade agreement.
The document summarizes the opening of Zimbabwe's 2016 tobacco marketing season. Key points:
- The season opened with first bale selling for $4.50/kg, with prices ranging from $0.50-4.70/kg.
- Agriculture Minister Dr. Joseph Made officially opened the season, noting tobacco is expected to drive 3.4% agricultural growth. He urged fair prices to support farmers.
- Around 72,000 growers have registered to sell so far, down from 91,000 last year due to drought-reduced production. Electronic sales will run alongside traditional auctions.
- Farmers complained about a new payment system limiting withdrawals to $1,000/day,
- South Africa posted its biggest trade surplus in 4 years in December 2015, which helped strengthen the rand currency.
- The rand gained against the US dollar to trade below R16 per dollar for the first time since January 7th.
- South Africa's trade surplus in December widened to R8.2 billion from R0.7 billion in November, driven by a 13% drop in imports and 5% fall in exports.
- However, the improvement in trade figures may only be temporary as commodity prices fall and food imports rise due to drought conditions. The current account deficit is also expected to widen.
A digital copy of the Business News 24 (3 June edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
A digital copy of the BH24 (21 December 2015 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
- Zimbabwe Platinum Holdings posted a 71% increase in platinum output for the quarter ended March 31, 2016 compared to the same period the previous year. Its output rose from 52,000 ounces to 89,000 ounces.
- The increased platinum output from Zimplats had a significant positive impact on its parent company Impala Platinum, whose total production for the period rose 17%.
- Implats attributed the rise in Zimplats' output to an increased milling rate and the release of stockpiled concentrates following a furnace outage in the previous year.
A digital copy of the Business News 24 (07 August edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
La asociación FENAHOVEN es una organización civil sin fines de lucro que representa al sector del alojamiento turístico en Venezuela. Sus objetivos principales incluyen mantener la vinculación con entidades afiliadas, coordinar al sector empresarial del alojamiento turístico, y cooperar con los poderes públicos en el desarrollo del turismo nacional. La organización ofrece beneficios como descuentos en hoteles afiliados, asesoría para escuelas hoteleras, y capacitación para el personal de la industria turística.
El teletrabajo implica realizar tareas laborales a distancia utilizando tecnologías como computadoras, internet y teléfonos. Ofrece flexibilidad en términos de horarios y lugares de trabajo, pero también puede aislar al trabajador. En Guatemala ya se usa el teletrabajo para páginas web, contabilidad y consultoría, y proporciona oportunidades laborales para personas con discapacidad.
Sony creó una compañía de drones para capturaTomas Nasurdi
Sony Mobile Communications se alió con otra empresa japonesa, ZMP, para crear una nueva compañía llamada Aerosense que ofrecerá servicios de captura y análisis de imágenes mediante drones y almacenamiento de información en la nube. Aerosense aprovechará las capacidades de Sony en cámaras y sensores junto con la tecnología de robótica de ZMP para desarrollar soluciones para clientes interesados en medir, investigar, observar e inspeccionar, comenzando a ofrecer sus servicios a princip
Dairibord Holdings plans to increase production capacity for its Maheu and cartonised Chimombe products by the second half of 2022. The company's CEO said they will focus on growing volumes of key products and reducing costs. He noted they will double capacity for Maheu and begin internal production of cartonised milk in Zimbabwe rather than having it toll manufactured in South Africa. This is aimed at increasing volumes to meet market demand.
A digital copy of the Business News 24 (04 August edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
Zimbabwe's electricity distribution company, ZETDC, is awaiting delivery of 130,000 pre-paid meters by next month to migrate the remaining 120,000 customers still using the old billing system and to provide meters for new housing developments. ZETDC has already migrated 563,000 customers to pre-paid meters since starting the pre-paid metering project in 2012. The installation of meters for the remaining customers is expected to be completed by the last quarter of this year.
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
Industry, Finance ministries working on Zimbabwe tariff order for EPA Zimpapers Group (1980)
The Zimbabwean government is working to establish the necessary legal framework to fully implement an Economic Partnership Agreement (EPA) signed with the European Union in 2009, which establishes a free trade area between the EU and Zimbabwe. The EPA grants duty-free access for trade between the EU and Zimbabwe, and Zimbabwe is expected to progressively liberalize 80% of imports from the EU by 2022. Government officials are working with the Ministry of Finance to gazette a Zimbabwe tariff order to pave the way for implementing the trade agreement.
The document summarizes the opening of Zimbabwe's 2016 tobacco marketing season. Key points:
- The season opened with first bale selling for $4.50/kg, with prices ranging from $0.50-4.70/kg.
- Agriculture Minister Dr. Joseph Made officially opened the season, noting tobacco is expected to drive 3.4% agricultural growth. He urged fair prices to support farmers.
- Around 72,000 growers have registered to sell so far, down from 91,000 last year due to drought-reduced production. Electronic sales will run alongside traditional auctions.
- Farmers complained about a new payment system limiting withdrawals to $1,000/day,
- South Africa posted its biggest trade surplus in 4 years in December 2015, which helped strengthen the rand currency.
- The rand gained against the US dollar to trade below R16 per dollar for the first time since January 7th.
- South Africa's trade surplus in December widened to R8.2 billion from R0.7 billion in November, driven by a 13% drop in imports and 5% fall in exports.
- However, the improvement in trade figures may only be temporary as commodity prices fall and food imports rise due to drought conditions. The current account deficit is also expected to widen.
A digital copy of the Business News 24 (3 June edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
A digital copy of the BH24 (21 December 2015 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
- Zimbabwe Platinum Holdings posted a 71% increase in platinum output for the quarter ended March 31, 2016 compared to the same period the previous year. Its output rose from 52,000 ounces to 89,000 ounces.
- The increased platinum output from Zimplats had a significant positive impact on its parent company Impala Platinum, whose total production for the period rose 17%.
- Implats attributed the rise in Zimplats' output to an increased milling rate and the release of stockpiled concentrates following a furnace outage in the previous year.
A digital copy of the Business News 24 (07 August edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
A digital copy of the BH24 (12 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
A digital copy of the Business News 24 (11 June edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news
A digital copy of the BH24 (21 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
Power Sales closes 25 clothing shops amidst heightened Chinese competitionZimpapers Group (1980)
A digital copy of the Business News 24 (23 June edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.
The document discusses how displaced diamond mining companies in Zimbabwe still owe former employees salaries ranging from six to 14 months, despite the companies still being operational at the time and producing diamonds. The mining union representative reported many issues of unpaid salaries and discrepancies in pay between companies. The failure of the companies to pay salaries while operational could indicate financial issues or misappropriation of funds.
Meikles Hospitality Limited invested $9 million to refurbish its flagship Harare hotel in Zimbabwe but is facing challenges filling rooms due to the weakening South African rand, which has weakened the key source market for visitors; occupancy rates are around 30-34% compared to expectations of over 50%. The commercial director said that while they took out a loan for renovations, the returns have not met expectations due to the rand's depreciation hurting the number of South African visitors.
Metallon Corporation, Zimbabwe's largest gold producer, saw its gold output decrease 15% in the first quarter of 2016 compared to the same period last year. This was due to electricity supply interruptions and equipment breakdowns at its How Mine. Specifically, power outages resulted in a loss of around 4,275 ounces of gold production. While some of Metallon's other mines increased production, overall the company is targeting output of 120,000 ounces by the end of 2016 as it invests in upgrades and expansions.
Similar to HRD Antwerp to certify Zim's beneficiated gems (20)
Air Namibia is advertising new flight routes from Harare, Zimbabwe to Accra, Ghana and Lagos, Nigeria starting on June 29, 2018. Customers are encouraged to book flights soon to avoid disappointment as seats are selling out. Contact information is provided for booking individual flights or group fares by telephone, email, online, or through a travel agent.
In this edition, you will be enlightened on the cornerstone of international aviation which is the Bilateral Air Service Agreement, commonly referred to as BASA, Africa’s plan for a common airspace and taken on a tour of the Eastern Highlands and the new sky
Treasury directs ZINARA to disburse 70pc of funds for rehabilitationZimpapers Group (1980)
- The Zimbabwean equities market extended gains from the previous day, with the industrial index rising 1.32% to 95.28.
- Major stocks like Delta Beverages, Innscor, Econet, Colcom, CFI and Nampak saw share price increases, helping drive the overall market upward.
- Only Barclays and Old Mutual saw share price declines on the day.
- The mining index remained flat at 26.24 as several mining stocks stayed unchanged from their previous closing prices.
The article discusses the Zimbabwe Consolidated Diamond Company (ZCDC), which has been operating without a proper legal framework. The permanent secretary in the Ministry of Mines admitted that unlike other state entities, no act of parliament established the ZCDC. It was instead registered as a company under the Companies Act. There are also concerns about the improperly constituted board of the ZCDC and some controversial decisions that have been made. The parliamentary committee questioned the legitimacy of the board's actions in firing employees and replacing them.
The World Bank says Zimbabwe can use the Rapid Results Approach (RRA) to help expedite solutions to its current cash shortage problems. The RRA is a method used to accelerate organizational change through 100-day goal-setting. The government has completed two phases of an RRA program focused on improving ease of doing business. The World Bank country manager says Zimbabwe can transition more quickly to e-commerce by applying the RRA methodology to address cash shortages and encourage electronic payments. The article provides details on Zimbabwe's cash shortage challenges and measures already taken by the central bank to address the problem and incentivize electronic payments and exports.
Nigeria's central bank announced it will abandon its 16-month peg of the naira to the U.S. dollar and move to a "purely market-driven" system of foreign exchange trading starting next week. Economists estimate the naira's fair value under a float would be between 280 to 300 naira per dollar, compared to the current black market rate of around 370, and the change aims to ease severe dollar shortages caused by lower oil revenues. The central bank will still be able to inject dollars and influence the exchange rate within its foreign reserves, but will no longer target a specific
Nigeria's central bank announced it will abandon its 16-month peg of the naira to the U.S. dollar and move to a "purely market-driven" system of foreign exchange trading starting next week. Economists estimate the naira's fair value under a float is between 280 to 300 naira per dollar, compared to the current black market rate of around 370, and the change aims to ease severe dollar shortages caused by low oil prices. The central bank will still be able to inject dollars and influence the exchange rate within reserves, but no longer has an explicit target rate for the
The Credit Reference Bureau of Zimbabwe is set to be fully operational by July 31st, with a Czech firm having made significant progress in setting up the necessary soft infrastructure at a cost of $1.8 million to the Reserve Bank of Zimbabwe. The CRB will enhance borrower verification and help banks assess credit risk and reduce non-performing loans. A number of consultative meetings have been held with banks to define the necessary data to be collected and reports generated by the new system.
The National Railways of Zimbabwe (NRZ) requires $400 million in short-term funding for recapitalization. This funding will go toward acquiring new machinery and rehabilitating existing infrastructure to increase the railway's carrying capacity from the current 3.4 million tonnes to 7.6 million tonnes. The funding will also be used to procure 15 new locomotives and 1000 new wagons, as securing this funding would allow NRZ to improve services, increase revenues, and return to profitability.
SeedCo, a listed seed producer in Zimbabwe, reported a 3% increase in profit after tax for the fiscal year ending March 31, 2016 compared to the previous year, despite challenges from drought, low commodity prices, and reduced government programs. The company's turnover remained unchanged at $96 million year-over-year. SeedCo was able to increase efficiency and offer competitive pricing, which helped increase its gross margin by 7% during the period. The company plans to focus on growing its ultra-early maize seed varieties to meet increasing demand given changing weather patterns.
Zimbabwe's corporate governance weaknesses have contributed to its poor ratings in international surveys, according to an official. Improving corporate governance could significantly boost Zimbabwe's rankings. The official noted that past governance failures have resulted in the current negative perceptions, and that while some methodology reservations exist, the ratings still factor into potential investors' considerations. The government is working to enhance corporate governance in the public sector through various initiatives.
The Confederation of Zimbabwe Industries has urged the government to introduce Local Content Regulation for all sectors of the economy in order to boost local production. The regulation would give preference to local producers over imports for some goods and services. It would also require manufacturers to include a minimum percentage of local inputs in their production. A CZI economist said the regulation could increase competitiveness by promoting local products first and supporting local employment and procurement.
Isabel dos Santos, the billionaire daughter of Angola's President, has been appointed as the new CEO of state energy firm Sonangol and has pledged to overhaul the company to improve efficiency and margins amid low oil prices. She plans to split Sonangol into three units and increase transparency to international standards in order to generate more revenue for Angola, which relies heavily on oil exports. Dos Santos aims to offset the "huge" economic impact of depressed oil prices through the reforms at Sonangol.
The Zimbabwe Flight Crews Association said that the government is not adequately protecting Air Zimbabwe and is instead licensing competitors to service the same routes as Air Zimbabwe, hurting its ability to compete; they argue the national airline should have first right of refusal on routes. Captain Ottis Shonai stated that new airlines have been given licenses to fly the same routes as Air Zimbabwe, which does not happen elsewhere, and that Air Zimbabwe needs route protection from the government as other national airlines receive.
Government has released $500,000 in funding to support the hosting of this year's Sanganai/Hlanganani World Tourism Expo in Bulawayo after the Zimbabwe Tourism Authority faced financial challenges and was contemplating postponing or cancelling the event. The acting ZTA chief executive said the funds will ensure the expo is a success. Over 160 local tourism companies and 28 international exhibitors from countries like Botswana, South Africa and India have registered to participate. International buyers from Europe, Asia, Africa, the Americas and the Middle East are also expected to attend the expo from June 16-18, 2016.
Fastjet Zimbabwe recorded $0.3 million in revenue since commencing operations in October 2015, with an operating loss of $4 million, as the new airline began flights between Harare, Victoria Falls, and Johannesburg. The performance in the first few months of operations was described as "encouraging" by Fastjet, with 91% of flights arriving on time. However, the Zimbabwe operation was not included in Fastjet's key performance indicators for 2015 as it only became operational in October.
- The Beitbridge Hotel in Zimbabwe, owned 40% by the National Social Security Authority (NSSA), has incurred over $2 million in losses since opening in 2014 and has now been closed by majority owner Rainbow Tourism Group.
- An audit before construction found the hotel would be loss-making, but NSSA insisted it proceed anyway. NSSA's investments are under scrutiny as costs for the Beitbridge Hotel ballooned from an initial $3 million budget to over $49 million.
- The closure puts focus again on NSSA's investment strategies that have put pensioners' funds at risk through apparent non-viable projects like the Beitbridge Hotel.
Standard Chartered Bank plans to launch mobile and online banking platforms in 8 African countries including Zimbabwe in the first half of 2016. The bank aims to grow long-term retail banking revenues in Africa 3-4 times faster than regional economic growth. This strategy contrasts with European rivals retreating from Africa due to falling commodity prices and weak currencies. StanChart is expanding its physical presence as well by adding branches in Nigeria, as it seeks to protect and grow its market share on the continent.
Tongaat Hulett's sugar production in Zimbabwe declined 7.4% to 412,000 tonnes for the year ending March 31, 2016. Sales also declined, falling to 403,000 tonnes compared to 491,000 tonnes the previous year. The company reported its Zimbabwe division's financial performance was negatively impacted by lower sugar production and export underperformance. Looking ahead, Tongaat Hulett forecast sugar production could rise up to 12% to 1.15 million tonnes in the new financial year depending on rainfall.
Proplastics, a plastics manufacturer in Zimbabwe, expects to benefit from improved operational efficiencies after commissioning a new plant in the second half of 2016. The new plant is part of the company's broader modernization program, which has already seen a new injection moulding factory and HDPE line commissioned. The CEO said the new plant will improve margins and reduce costs for consumers. For the first four months of 2016, Proplastics' volumes were up 9% and exports contributed 14% to turnover, though overall turnover was flat compared to the prior year due to weaker regional currencies.
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
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Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
1. By Tawanda Musarurwa
HARARE -The Minerals Mar-
keting Corporation of Zimba-
bwe (MMCZ) has entered into
a partnership with Belgium's
HRD Antwerp. Which will see
the latter certifying Zimba-
bwe's cut and polished dia-
monds.
HRD Antwerp is a dia-
mond-grading lab whose pri-
mary shareholder is the Ant-
werp World Diamond Centre
(AWDC).
MMCZ chief executive Mr
Richard Chingodza last week
said the certification of val-
ue-added diamonds will
ensure that the country gets a
fair price for the gems on the
international market.
"We have tried to make sure
that our diamonds that have
been cut and polished are cer-
tified.
"So are working with HRD Ant-
werp of Belgium for them to
News Update as @ 1530 hours, Monday 15 February 2016
Feedback: bh24admin@zimpapers.co.zwEmail: bh24feedback@zimpapers.co.zw
HRD Antwerp to certify Zim's beneficiated gems
2. certify our cut and polished
diamonds so that a very prac-
tical price is put on them such
that we do not lose on the
price.
"We have entered into an
agreement in the last few
days and we are happy that
all diamonds that are cut and
polished in this country will be
certified," he said.
The MMCZ is an exclusive
agent for marketing and sell-
ing of all minerals produced in
Zimbabwe except silver and
gold.
According to Mr Chingodza,
the country has been losing
between 15 and 20 percent
on the value of gems since
the "Marange diamonds were
heavily coated."
The Ministry of Mines and
Mining Development has esti-
mated that the country may
have lost out as much as 40
percent from selling unpro-
cessed diamonds.
To this extent, Zimbabwe
has been moving to clean
and value add its diamonds
in order to boost gains from
sales of the precious stones
by licensing several diamond
cleaning, polishing and cut-
ting companies.
Earlier this month, the Minis-
try of Mines commissioned a
second deep- boiling facility.
The MMCZ boss said the cre-
ation of the single diamond
producing entity - the Zim-
babwe Consolidated Diamond
Corporation - will help boost
diamond output for a sector
that is less affected by the
vagaries of prevailing weak
global commodity prices.
"The price fluctuation of dia-
monds is not as bad as that
of platinum and other miner-
als so it's an area that once
we increase production we can
easily get a lot of value from
the sector."●
2 news
4. By Funny Hudzereama
HARARE - Government will
roll out the Consignment
Based Conformity Assessment
(CBCA) programme through
Bureau Veritas starting from
the beginning of next month.
The France based assessment
company signed an MOU with
the Government last year to
assist Government in reduc-
ing the influx of substandard
imports in the country.
Speaking during the CBCA
programme awareness cam-
paign workshop Minister of
industry and commerce Mike
Bimha said the company was
supposed to start its oper-
ations last year but it was
delayed by some technical
things which wanted to be
carried before operations
could start.
“Ladies and Gentleman 1st
of March 2016 marks the
commencement date for full
implementation of the pro-
gramme. In that regard only
fully compliant certificates of
conformity will be required
for clearance of goods that
depart the country of export
on or after 1st of March,” he
said.
Bureau Veritas will provide
pre-shipment services of the
listed products in the country
of export and issuance of cer-
tificates of conformity based
on the national and interna-
tional quality, safety, health
and environment standards.
“ZIMRA in conjunction with
my Ministry officials SAZ and
Bureau Veritas representa-
tives are refining the enforce-
ment modalities and that
means at all ports of entry
non-conforming consign-
ments will be denied entry
into the country.
“Thus importers who will
bring any consignments of
products listed for inspec-
tion not accompanied with
conformity certificate would
be required to take correc-
tive action which would be
required to take corrective
action which could include
taking consignment back to
the exporting country at his
or her expense,” he said.
He added that importers
should abide by the require-
ments of CBCA programme to
avoid any financial losses.
Bureau Veritas is still to
conduct four awareness
programmes in Bulawayo,
Mutare, Beitbrige and Kariba.
“The CBCA programme is
progressing steadily as it
is ensuring that all listed
imported products meet qual-
ity, safety, health and envi-
ronmental standards in line
with World Trade Organisa-
tion agreements.
Indeed the influx of
sub-standard imported goods,
which do not meet required
standards, is negatively
impacting on the competitive-
ness of our local industries,”
he said.
He also said Zimbabwe is not
the only country implement-
ing this programme since
the company has also been
engaged by Uganda, Tanza-
nia, Kenya and to do similar
work.
In his remarks during the
same event Bureau Veritas
Zimbabwe liasing officer Ten-
dai Malungu said Bereau Ver-
itas will construct laboritories
around the country for test-
ing products and assist local
standards monitoring organ-
istions to compete on the
international market.
“We are not only here to
implement the CBCA poro-
gramme, we are here as
investors to benefit the local
people and we are looking
after the CBCA programme,”
he said.
Bureau Veritas is operat-
ing with 1 400 offices in 140
countries with eight global
divisions.●
4 news
Govt to implement CBCA in March
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6. BH24 Reporter
HARARE - Stakeholders in the
agriculture industry have called
on Government to look at ways to
make wheat viable in order to halt
the continuous decline in produc-
tion, with the country now at the
risk of becoming a net importer of
the cereal.
The country has had to import
an average of 185 000 tonnes of
wheat every year to complement
national production, a senior Gov-
ernment official has said.
Zimbabwe requires 400 000
tonnes of wheat every year.
Agriculture, Mechanisation and
Irrigation Development Dep-
uty Minister Davis Marapira said
wheat production had been declin-
ing over the past years, with the
country producing 61 261 tonnes
last season.
He said farmers had been reduc-
ing the hectarage put under
wheat as it had become expensive
to produce the crop due power
shortages and high costs of pro-
duction.
“The country has been importing
an average of 185 000 tonnes
of wheat since 2009 against a
national requirement of 400 000
tonnes," said Deputy Minister
Marapira.
"Wheat production for the 2015
winter season stood at 61 261
tonnes and 40 820 tonnes have
been delivered to the GMB since
April 2015. The general trends
indicate that there has been a
steady decline in the area put
under wheat since 2008.
“This is largely attributed to inter-
mittent power outages, high cost
of production and inadequate
financial resources.”
Deputy Minister Marapira said an
average area of 16 342 hectares
had been planted to wheat over
the past seven years.
Agricultural economists have
always argued that it was more
profitable to concentrate on
something that gives corporate
advantage in terms of production.
Agriculture experts suggest that
wheat has always been a complex
crop for the country, with the sit-
uation worsening in 2008 due to
economic hardships caused by
sanctions that were imposed by
the West.
Agriculture economist Mr Midway
Bhunu said water and electricity
had always been the major rea-
sons for the drop in wheat pro-
duction.
“Other countries have alternative
sources of energy," he said. "We
should consider looking at renew-
able sources of energy to reduce
costs.
“Government should concentrate
on research and development of
wheat varieties that can give high
yields under the country’s climatic
conditions.”
Millers now prefer importing
wheat than buying locally because
of high costs of production.
Farmers have always argued
that while importing may appear
cheap, it will in the long run
become expensive.
Zimbabwe Indigenous Women
Farmers Association Trust pres-
ident Mrs Depinah Nkomo said
Government should prioritise
funding the local farmer to boost
production than relying on imports
for food security.
“Why should we support farmers
in other countries instead of pay-
ing our own farmers?" she said.
"We are keeping South African
companies in business when ours
remain dormant.” ●
6 news
Make wheat production viable, Govt urged
8. By Munesu Nyakudya
HARARE – Samsung Zimbabwe
says it will be opening a service
centre in Harare before the end
of this month.
Samsung Harare branch man-
ager Mr Wilfred Magaya said
locals will now be able to have
their Samsung products ser-
viced within or out of warrantee
regardless of where the products
were purchased.
“We will be opening our service
centre here, that each and every
product that has been purchased
regardless of where it has been
purchased may be serviced here.
"The centre will be opened before
the end of February.
“We know that it will be difficult
to bring bigger items here, so
for the big items we will be mak-
ing outside visits and fix them
there,” Mr Magaya said.
The company is also set to open
an engineering academy by April.
“We are also opening an engi-
neering academy within the next
two months,” he said.
“It is a new thing for Samsung
Zimbabwe that we are proud of.
We are actually happy to provide
this service to the Zimbabwean
market,” Mr Magaya said.
Last month, the Korea-based
telecoms manufacturing giant
commissioned a television and
refrigerator assembly plant in
the country.●
8 news
Samsung Zimbabwe to open service centre in Harare
10. HARARE - The equities mar-
ket opened the week lower,
after the mainstream indus-
trial index shed 0.45 to close
at 100.39 on selected heavy-
weight losses.
Cigarette producer BAT led the
shakers with a $0,2500 loss to
settle at $11,7500, while Simb-
isa shed $0,0040 to $0,1450
and Hippo eased $0,0030 to
trade at $0,3495.
Other losses were in conglom-
erate Innscor which put off
$0,0025 to close at $0,1950
while Delta Beverages shifted
down $0,0020 to trade at
$0,5230.
There were no trades in the
positive territory. Dairibord,
Old Mutual, Pearl and starafrica
were unchanged at $0,0690,
$1,8000, $0,0220 and 0,0080
respectively.
The mining index was steady at
18.74 as all the mining coun-
ters maintained previous price
levels. - BH24 Reporter ●
ZSE10
Industrials open week on a low
11. Movers CHANGE Today Price USc SHAKERS Change TODAY Price USc
Simbisa -2.68 14.50
BAT -2.08 1,175.00
Innscor -1.26 19.50
Hippo -0.85 34.95
CBZ -0.45 11.00
Delta -0.38 52.30
Index Previous Today Move Change
Industrial 100.84 100.39 -0.45 points -0.45%
Mining 18.74 18.74 +0.00 points +0.00%
11 zse tables
ZSE
Indices
Stock Exchange
Previous
02 03
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12. 12 DIARY OF EVENTS
The black arrow indicate level of load shedding across the country.
POWER GENERATION STATS
Gen Station
15 February 2016
Energy
(Megawatts)
Hwange 441 MW
Kariba 285 MW
Harare 30 MW
Munyati 26 MW
Bulawayo 23 MW
Imports 0 - 350 MW
Total 1245 MW
—18 February 2016 - 70th Annual General Meeting of the members of CAFCA ; Place: Boardroom at the company’s registered office
at 54 Lytton Road, Workington, Harare; Time: 12:00 hours
—23 February 2015 - 38th Annual General Meeting of the members of Powerspeed Electrical Limited; Place: Powerspeed Board-
room, Gate 1, Powerspeed Complex, Corner Cripps Road and Kelvin Road North, Graniteside, Harare; Time: 1100 hours
25 February 2016 - Extraordinary General Meeting (“EGM”) of the Shareholders of Radar Holdings Limited; Place: Tanganyika
House, 6th Floor Boardroom, Harare; Time: 0900 hours...
25 February 2016 - The 49th Annual General Meeting of Mashonaland Holdings Limited; Place: The Boardroom, 19th Floor, ZB Life
Towers, 77 Jason Moyo Avenue, Harare; Time: 1200 hours...
26 February 2016 - The Sixty-ninth Annual General Meeting of Ariston Holdings Limited; Place: Ariston Holdings Limited Main
Boardroom, 306 Hillside Road, Msasa Woodlands, Harare: Time: 14.30 hours:
THE BH24 DIARY
13. JOHANNESBURG - THE rand
was firmer on Monday morn-
ing shrugging off disappoint-
ing Chinese trade data.
In dollar terms, exports in
January fell 11,2 percent
from a year ago, far below
the consensus of a 1,8 per-
cent decline. Imports tumbled
18,8 percent from a year ago,
below the 3,8 percent decline
that had been expected.
At 8.48am the rand was at
15,7954 against the dol-
lar from a previous close of
15,8783.,
Against the euro, the rand
was at 17,7267 from 17,8424
and was at 22,9430 against
the pound from 23,0251 pre-
viously.
The euro was at $1,1222 from
$1,1237 previously.
Rand Merchant Bank analysts
said trade would be muted
with US financial and stocks
markets closed for Presidents
Day.
"There are limited risks on
the day due to the US holi-
day. Data risks will emerge
from Wednesday onwards.
Moves today should not be
taken to mean that market
volatility has gone away," the
analysts said.
On the international front,
the dollar rose against the
yen on Monday as Japanese
Prime Minister Shinzo Abe
criticised ‘excessively vola-
tile’ currency markets.
Mr Abe said that excessive
currency volatility was unde-
sirable and Tokyo would take
appropriate action in the
exchange rate market as
needed.
The prime minister’s com-
ments helped the dollar hit
its session high of ¥113,87.
"The dollar was already off
its lows but Abe reminded
markets that intervention
is a possibility," said Kaneo
Ogino, director at foreign
exchange research firm Glob-
al-Info in Tokyo.
The People’s Bank of China
(PBoC) took the opportu-
nity of the US dollar’s recent
decline to fix its yuan at its
highest in more than a month
on Monday, hoping to deflect
speculation about a possible
devaluation.
Perhaps in an effort to head
off any adverse reaction from
Chinese investors, central
bank governor Zhou Xiaoc-
huan said there was no basis
for the yuan to keep depre-
ciating.
Mr Zhou said China would
keep the yuan basically sta-
ble versus a basket of curren-
cies while allowing greater
volatility against the US dol-
lar. –Bdlive/Reuters●
regioNAL News13
Rand shrugs off weak Chinese trade data
14. Oil traded near $30 a barrel
as Iran loaded its first cargo
to Europe since international
sanctions ended and Chinese
crude imports dropped from a
record.
West Texas Intermediate
futures were little changed
in New York, paring earlier
losses of as much as 1,7 per-
cent. Brent in London traded
near $33 a barrel. A tanker
for France’s Total SA was
being loaded Sunday at Kharg
Island while vessels char-
tered for Chinese and Spanish
companies were due to arrive
later the same day, an Iranian
oil ministry official said. Chi-
nese imports in January fell
almost 20 percent from the
previous month, according to
government data.
“Iran is going to add head-
winds to the market,” David
Lennox, an analyst at Fat
Prophets in Sydney, said by
phone. “We still have 500
million barrels of US invento-
ries and shale producers are
still pumping. Until there are
significant cuts to output, the
rally is not sustainable.”
Oil in New York is down about
21 percent this year amid the
outlook for increased Iranian
exports and BP Plc predicts
the market will remain "tough
and choppy" in the first half
as it contends with a surplus
of 1 million barrels a day.
Speculators’ long positions
in WTI through Feb. 9 rose
to the highest since June,
according to data from the US
Commodity Futures Trading
Commission.
WTI for March delivery was
at $29,37 a barrel, down 7
cents on the New York Mer-
cantile Exchange at 7:39
a.m. London time after ear-
lier falling as much as 49
cents to $28,95. The contract
gained $3,23, or 12 percent,
to close at $29,44 on Friday
after dropping 19 percent the
previous six sessions. Total
volume traded was about 11
percent above the 100-day
average. WTI prices lost 4.7
percent last week.
Iranian Shipments
Brent for April settlement
was at $33,41 a barrel on the
London-based ICE Futures
Europe exchange, up 5 cents.
The contract climbed $3,30 to
close at $33,36 on Friday. The
European benchmark crude
was at a premium of $1,59 to
WTI for April.
Iran, which was the sec-
ond-biggest producer in the
Organization of Petroleum
Exporting Countries before
sanctions were intensified
in 2012, is seeking to boost
output by 1 million barrels a
day and regain market share
after penalties were lifted.
Total, Spanish refiner Com-
pania Espanola de Petroleos
and Russia’s Lukoil PJSC all
booked cargoes to sail from
Kharg Island to European
ports, according to shipping
reports compiled by Bloomb-
erg earlier this month.
In the US, drillers idled rigs
for an eighth week to the low-
est level since January 2010,
according to data from Baker
Hughes Inc. The number of
active rigs dropped by 28 to
439, the company said on its
website Friday.
Speculators’ long position
in WTI rose by 1 152 con-
tracts to 302 384 futures and
options, according to CFTC
data. Shorts, or bets that
prices will decline, slipped 2,1
percent. Net-longs increased
5 percent to a three-month
high.
China’s crude imports declined
to the lowest in three months
as state refiners slowed oper-
ations amid swelling stock-
piles of fuel. The world’s
largest energy consumer in
January cut imports by 4,6
percent from a year ago to
26,69 million metric tons, or
about 6,3 million barrels a
day, according to preliminary
data released Monday from
the General Administration of
Customs in Beijing. Imports
reached a record 33,2 million
tons in December. - Bloomb-
erg●
internatioNAL News14
Oil trades near $30 as Iran loads cargo, China imports decline
15. After Peak Debt Comes Deflation
By Henry Hewitt
Paper money, ‘the Heaven-sent leaf’,
is nothing new, but it has not always
been held in high regard nor previ-
ously attained its unquestioned posi-
tion as the lubricant of trade, financial
markets and the road to wealth.
In fact, for most of the last 2 500
years, since Croesus brought scalable
coinage to the world, paper money
has been considered a temporary,
even flaky, alternative to real money
– hard money – gold and silver spe-
cie. Indeed, even in recent memory,
the road to the Emerald City was
paved with ounces of gold, hence the
Yellow Brick Road in the Land of Oz
If you are an investor, this may be the
time to have a serious talk with the
face you see in the mirror and ask:
Have we really moved on from the
‘barbarous relic’? Can paper money
keep its value when all the Central
Bankers and planners in the world
are intent upon printing as much of
it as they possibly can? Is it different
this time?
Who needs paper, you say? Now
we have electronic money, bits and
photons flashing across our screens,
capable of leaping vast oceans at a
single bound. That is different. What
isn’t different is that those bits, and
that paper have to represent some-
thing of value, and in a world where
the ability to produce anything and
everything – from the paper itself,
to copper, aluminum, iron ore, oil
and the ships to move them around
the world – has reached a point that
there seems to be more stuff avail-
able than demand from those who
put that stuff to work, or even on the
shelf expecting to sell it in the not too
distant future.
In the process, driven by animal spir-
its that have always taken markets
to new heights, another summit has
been reached – peak debt. From the
pages of The New York Times we
read: “Beneath the surface of the
global financial system lurks a multi-
trillion-dollar problem that could sap
the strength of large economies for
years to come.”
One sure way to know that the
world’s economy is in a pickle is the
arrival, and continuation, of low,
even zero or negative rates of inter-
est around the world. What does that
even mean? It means that investors
are so concerned they would rather
pay a government or institution for
the privilege of lending them money
than keep it in a local bank or under
the mattress. It happened in 1932,
just before the wheels fell off the US
banking system. It is happening now.
David Stockman, the Reagan Admin-
istration’s boy wonder when it came
to financing ‘supply-side’ economics,
a policy that Mr. Reagan’s presiden-
tial rival in 1980 (George Bush Sr.)
called ‘Voodoo economics’, has seen
the light. “I think it’s the end of an
era . . . [Central Banks] create[d] a
massive credit expansion in the world
that’s stopping . . . Everywhere is at
peak debt . . . Secondly, the Central
Banks are all out of powder. The Fed
has painted itself into a corner . . .
They can’t see what’s coming right at
us which is
a global deflation . . . We’re gonna
have a Capex depression,” he told
Bloomberg on February 9. What a
pity it wasn’t gold paint.
Even if the thought of buying or own-
ing gold is sacrilege to your ears, and
you just cannot bring yourself to do
it, you ought to be asking yourself
if more paper money makes sense
now. When you had that chat with
the face in the mirror did you ask:
“How much faith do you have in paper
money? How much faith do you have
in Central Banks? How much faith do
you have in the fiscal probity of the
government?”
“Attention K-Mart shoppers, shares
that could be bought in 2009 at the
devilishly low price of 666 on the S&P
500 are now going for 2,000. Get ‘em
while they last. Don’t wait for 3,000.”
In other words, shares that were ‘too
risky’ at 666 became ‘prudent’ invest-
ments at 2,000. At 3,000 they should
be risk free. Am I missing something?
If you cannot help yourself and still
believe that the road to wealth and
security lies along the paper trail
(and not a trail of tears), you won’t
be alone:
We few, we happy few, we band of
buyers . . . . . . Be he ne’er so vile,
This trade shall gentle his condition;
And gentlemen in T-Bills now instead
Shall think themselves accurs’d they
were not here, And hold their net
worth’s cheap whiles any speaks
That bought with us upon St. Green-
span’s Day. - Oilprice.com●
15 analysis15 analysis
Will gold be the world's best currency, again?