Zimbabwes economy shrank by 45 percent during a decade-long crisis blamed on ZANU-PF, but bounced back in 2009 after Mugabe was forced to share power with arch rival Morgan Tsvangirai after violent and disputed elections the previous year. Private investors will then have to address a manufacturing vacuum filled by cheap imports, mostly from China. In 1986 manufacturing contributed 26 percent of GDP. Today it is just over 2 percent. For ZANU-PF, the absence of the MDC as a coalition partner means it has no-one to blame and nowhere to hide. After the July election, it launched a Zimbabwe Agenda for Sustainable Social Economic Transformation, although the document was culled from the black empowerment parts of its manifesto, leading many to see it as more of the same from a party well-known for its empty economic blueprints. (SOUNDS LIKE THE ANC) We have to wait and see, said the security guard manning the entrance to the David Whitehead factory in Chegutu, echoing a refrain heard in boardrooms from Harare to Johannesburg, London and New York. polity.org.za/article/zimbabwes-rusting-factories-put-mugabe-in-a-bind-2013-11-15?utm_source=Creamer+Media+FDE+service&utm_medium=email&utm_campaign=Informed+approach+for+investing+in+Africa+%7C+Climate+change+may+be+detrimental+to+emerging+economies+%7C+Ministers+to+submit+Nkandla+response&utm_term=http%3A%2F%2Fpolity.org.za%2Farticle%2Fzimbabwes-rusting-factories-put-mugabe-in-a-bind-2013-11-15
Posted on: Sat, 16 Nov 2013 10:46:42 +0000
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