In Zimbabwe military has accede to the government. President Mugabe got groundig. The government party of Zimbabwe has voted for a new chairman. Mr. Mugabe is isolated. Mr Mugabe is 94 years old. He regained Zimbabwe since 1987. The Zimbabwe Industrial Index ( INDZI ) looses 17.93%, the Zimbabwe Mining Index ( MINZI ) looses 80.39%.
Zimbabwe’s economy depends heavily on its mining and agriculture sectors. Key industries are cement, chemicals, fertilizer, clothing and footwear, foodstuffs and beverages. Following a decade of contraction, the economy grew from 2010 to 2013 more than 10% per year, then slowing down to 4% in 2014. The harvests were poor, diamond revenues slowing and because of decreasing investments. The economy of Zimbabwe depends on agricutluture sector and minerals.
Following a decade of contraction from 1998 to 2008, the economy recorded real growth of more than 10% per year in the period 2010-13, before slowing to roughly 4% in 2014 due to poor harvests, low diamond revenues, and decreased investment. Growth turned negative in 2016. Lower mineral prices, infrastructure and regulatory deficiencies, a poor investment climate, a large public and external debt burden, and extremely high government wage expenses impede the country’s economic performance.
The Zimbabwe‘s nationalbank, the Reserve Bank of Zimbabwe (RBZ), printed money to close budget gaps. In 2009 hyperinflation contains the government to reliever the national currency. Since 2009 US$ is the currency to make businesses and to buy things in Zimbabwe, because the national currency, the Zimbabwe-Dollar, is worthless.
The development of GDP in the last 3 years was -0.3% (2016 est.), 1.1% (2015 est.), 3.9% (2014 est.). Witnh a GDP of 28.33 bio US$. Microsoft reported revenue of 24.7bioUS$ in it‘s fourth quarter of 2017 ended 30th of June 2017.
72.3% (2012 est.) of the people in Zimbabwe are living under poverty line. The situation since 2012 didn‘t get better. The unemployment rate is 5.1%, Zimbabwe‘s revenues are $3.4 billion. With a public debt of 45.4% of GDP (2016 est.) Zimbabwe is not very high indebted, a Commercial bank prime lending rate of 20% (31 December 2016 est.) makes lending expensive. Median age of the country is 20.6 years. Zimbabwe has a very young population. The Zimbabwean Industry Index and Zimbabwe Mining Index are falling with high pace since military coup. It is very difficult to achieve real time charts from Zimbabwe‘s companies. If you search for Border Timbers Limited on inveting.com web-site on „Top Gainors“ you will find the assett worth 1290,00$ from 23, October 2014 looks like worth of today. If you look at the data sheet from Zimbabwe Stock Exchange the company is worth 0,2 $. If you want to buy assetts you have to work very thoroughly to make the right decision.
The assetts of Zimbabwean companies are often overvalued. This is because the wealth people invest their Dollar‘s immediately in companies to serve worth of the money. There are many companies which looses much worth since the coup. If government will be stabilized it could be worth to watch the assetts of the big companies. Zimbabwe Stock Exchange gives you only data sheet from day to day trading, it has no real time charts. So you have to inform yourself at company web-sites and companies itself and work very carefully. An investment in MINZI or INDZI Index could be advantageous.
The young population could be an advantage for the new government if it wants to superinduce innovations.