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Change the RTGS$ to Dr Joshua Nkomo

The strength of money is synonymous with trust. Money is a store of value and a medium. It is an object which derives its value from trust, confidence and credibility. It is the lubricant that oils the wheels of the economy. Value has to b…

Published: 02 May 2019 at 07:16hrs | | by Colls Ndlovu

Beggar-thy-neighbour protectionist policy is decadent

Reports that the Zimbabwean government wants to liberalize fuel imports is a very significant development that will go a long way towards solving the country's artificial fuel shortages once and for all. To put it bluntly, the day the gove…

Published: 03 Mar 2019 at 11:06hrs | 21 | by Colls Ndlovu

RTGS dollars and production

Pursuant to the introduction of the so-called RTGS dollars (not to be confused with the US dollars), the question which arises is: will production be triggered by the introduction of the so-called RTGS dollars? Are we going to see companie…

Published: 24 Feb 2019 at 10:41hrs | 1 | by Colls Ndlovu

RBZ's interbank forex policy failed miserably in 2008

Just in case folks out there start jumping up and down ululating and eulogising  at the  forex trading liberalisation policy  announced by the RBZ,  a cursory look at the country's recent monetary history shows that thi…

Published: 21 Feb 2019 at 11:14hrs | | by Colls Ndlovu

RTGS is the electronic version of the bond note

Firstly, is the RBZ going to print the RTGS dollars or not?  Either way the effect is the same because previously they created RTGS balances from thin air while physically printing bond notes. On along there was about 500 million wort…

Published: 20 Feb 2019 at 16:37hrs | 3 | by Colls Ndlovu

Four simple Rules to solve the Zim financial crisis

Rule number 1 Remove the bond notesRule number 2 Let Zimbabweans import their own fuel without any restrictions (do away with control and regulation).Rule number 3 Use the US$ or Rand as a reference pricing currency after removing the dist…

Published: 20 Jan 2019 at 11:07hrs | | by Colls Ndlovu

The fallacy of production in Zimbabwe!!

There is this fallacy in Zimbabwe and among Zimbabweans that production is a pre-conditionality for economic revival. This view  unfortunately misses the point altogether. Zimbabweans do not seem to understand that production is a fun…

Published: 10 Jan 2019 at 12:45hrs | | by Colls Ndlovu

Is production a pre-requisite for Rand usage in Zimbabwe?

Firstly the bond note needs to be abolished or removed from the multicurrency system.Once you have removed the bond note, you have restored credibility in the currency (that is US$s, Rands, etc) simply because the remaining currencies enjo…

Published: 29 Dec 2018 at 09:42hrs | | by Colls Ndlovu

Is Tobin tax regime helpful?

Against the backdrop of the ongoing debate and rhetoric about the recently proposed 2% transaction tax which was announced by Finance minister Mthuli Ncube, ostensibly to widen Zimbabwe's tax base.This article seeks to trace the origins of…

Published: 09 Nov 2018 at 06:21hrs | 1 | by Colls Ndlovu

You shall not crucify Zimbabwe on a cross of bond notes

RECENT dramatic events arising from allegations that certain officials of the Reserve Bank of Zimbabwe (RBZ) have been involved in currency malfeasance using the bond note as their lever to execute transactions that prejudiced the people o…

Published: 03 Nov 2018 at 08:08hrs | 10 | by Colls Ndlovu

Zimbabwe cash crisis solution

A Zimbabwean man shows off new bond notes outside a bank in Harare on November 28, 2016. Picture: Philimon Bulawayo/ReutersPursuant to the adoption of the multicurrency system in Zimbabwe until around 2015, one could withdraw up to US$2 00…

Published: 27 Jul 2018 at 15:27hrs | 3 | by Colls Ndlovu

AmaKhumalo conference and Ndebele historians dismiss Nyamande claims

The AmaNtungwa (AmaKhumalo) Conference, which is the only legitimate voice of amaKhumalo as a collective, has dismissed claims by the so-called King Lobhengula Royal House that a descendent of Nyamande should be heir to the throne as spons…

Published: 11 Sep 2017 at 15:42hrs | 13 | by Colls Ndlovu

Colls Ndlovu accurately predicted the Ndebele king

In an article published in 2012 right here on Bulawayo24.com, historian Colls Ndlovu (aka Mncumbatha) accurately predicted that Bulelani Lobengula would be crowned the future Ndebele king:Ndebele Kingdom: Who should be crowned Ndebele King…

Published: 23 Aug 2017 at 20:13hrs | | by Colls Ndlovu

Zimra's tariffs bill is a dangerous drift towards the dreaded beggar-thy-neighbour policy

The recently gazetted import tariffs imposed by the Zimbabwe Revenue Authority on almost all major food items and non-food items - trade protectionism - is a dangerous drift towards the dreaded beggar-thy-neighbour policy whose repercussio…

Published: 18 Sep 2015 at 10:18hrs | | by Colls Ndlovu

Depreciation of the rand: Impact on Zimbabwe business

PURSUANT to the abolition of the dual exchange rate system, that is unification of the financial and the commercial rand) on March 10 1995 the unified rand was stable at around R3,60 to the US dollar for a period of up to one year from the…

Published: 02 Sep 2015 at 08:19hrs | 2 | by Colls Ndlovu

Chinamasa deserves Nobel Prize in economics

IN its post-colonial history since 1980, Zimbabwe has gotten one big thing right, inter alia: the multi-currency system.To cut a long a long story short, Zimbabwe currently has arguably, the lowest inflation rate in the world at, minus 2.6…

Published: 11 Aug 2015 at 08:32hrs | 2 | by Colls Ndlovu

Return of the Zimdollar, now a Black Swan event

The Zim government's dogged determination to keep the multicurrency system is an even that has to be celebrated by the populace in general and the financial markets in particular. The fact that the Zim dollar will not return in our life ti…

Published: 21 Jan 2015 at 10:38hrs | | by Colls Ndlovu

Scotland faces a Zimbabwe moment on currency options after independence

THE ongoing financial ping pong between Scotland and the UK over which currency a potentially soon-to-be independent Scotland must opt for is a curious one indeed. Alex Salmond, Scotland's first minister, has vigorously asserted that an in…

Published: 15 Sep 2014 at 18:45hrs | 2 | by Colls Ndlovu

Multicurrencies: impact of the Chinese currency

The recent addition of the Chinese currency, among others, into Zimbabwe's much-admired multicurrency system (which the new RBZ governor has already branded as being sin qua non to the Zim economy revival)  would have raised eyebrows …

Published: 30 May 2014 at 13:51hrs | | by Colls Ndlovu

Scotland faces a Zimbabwe moment on currency options

The ongoing financial ping pong between Scotland and the UK over which currency a potentially soon-to-be independent Scotland must opt for, is a curious one indeed.  Alex Salmond,  Scotland's first minister, has vigorously assert…

Published: 16 Apr 2014 at 11:04hrs | 1 | by Colls Ndlovu

Zimbabwe kills one of the twin evils of economics

Inflation and unemployment are generally regarded as the twin evils of economics. A simultaneous occurrence of inflation and unemployment causes what is generally termed stagflation. That is to say, a combination of stagnation and inflatio…

Published: 24 Mar 2014 at 14:12hrs | 1 | by Colls Ndlovu

Multicurrency system: Zimbabwe continues to lead the world

For the first time ever in its de facto one party rule since 1980, one must agree that Zimbabwe has gotten one and only one thing right: ,i.e. the multicurrency system. This is one area where Zimbabwe continues to lead the world in a neo-H…

Published: 14 Feb 2014 at 15:46hrs | 1 | by Colls Ndlovu

Liquidity shortage in Zimbabwe is an insane figment of imagination

Those gullible and credulous among Zimbabwe's so-called experts who have long labored under the grievous misconception that there is liquidity shortage within Zimbabwe's financial system have been dealt a somewhat fatal blow by the ongoing…

Published: 10 Feb 2014 at 08:19hrs | | by Colls Ndlovu

Liquidity shortage in Zimbabwe: myth or reality

Voluminous bagfuls of hot air have been spent by various economists of different ideological stripes debating about the alleged shortage of liquidity in the Zimbabwean financial system. The question which arises is: what exactly is liquidi…

Published: 28 Nov 2013 at 06:41hrs | | by Colls Ndlovu

Does Mugabe speak Ndebele or not?

If there is anyone out there who knows for real and without any equivocation whether or not president Robert Mugabe speaks Ndebele, can that person kindly confirm this fact during Mugabe's lifetime so that such a benign but significant iss…

Published: 04 Nov 2013 at 10:10hrs | 30 | by Colls Ndlovu

Zim$100 000 000 000 000 000 000 000 000

The figure above is the last official currency in, real terms, that was issued as legal tender by the Reserve Bank of Zimbabwe if you add back the 13 zeros that had been slashed off the last Zim$100 trillion (10 to the power 14) currency i…

Published: 31 Oct 2013 at 15:58hrs | | by Colls Ndlovu

Zimdollar versus the multicurrency system

The ongoing debate within Zimbabwe's financial markets about the possible return of the now-defunct Zimdollar serves to further destabilise the country's still fragile economy in general, and the financial sector in particular. Bagfuls of …

Published: 28 Oct 2013 at 16:07hrs | 2 | by Colls Ndlovu

King Lobengula was sacrilegiously assassinated by Cecil John Rhodes

In an obscure but revealing biography of Cecil John Rhodes written soon after Dr Leander Starr JamesonâˆšÃ‰Â¬Â¢âˆšÂ¢â€šÃ„Ã¶Â¬Â¨âˆšÂ¢â€šÃ„Ã»Â¬Â¢s death in 1917, the biographer inadvertently let the proverbial cat out of the bag in a most as…

Published: 04 Jul 2012 at 09:49hrs | 3 | by Colls Ndlovu

Europe turns to Zim for financial lessons as advised by Byo24News

The ongoing meltdown within the so-called Eurozone, with Greece serving as  its epicentre is a cause for concern.  What is interesting however is that Europe has now turned to Zimbabwe for monetary lessons as to the way forward.&…

Published: 22 May 2012 at 11:38hrs | | by Colls Ndlovu

Biti's voodoo inspired stone age budget

The eyebrows of tsikamutandas were probably raised by the Finance minister, Tendai Biti's opening paragraph which set the tone for his voodoo-inspired stone age budget speech. The finance minister's belief in voodoo economics was clearly c…

Published: 29 Nov 2011 at 18:40hrs | | by Colls Ndlovu

Zimbabwe's multicurrency system: a critical appraisal

Dollarisation entails the de jure abandonment of a country's own currency and ipso facto the adoption of a more stable currency of another country, generally the U.S. dollar as its legal tender. However, in Zimbabwe, dollarisation has take…

Published: 23 Nov 2011 at 17:29hrs | 1 | by Colls Ndlovu

Zim offers a lesson that can rescue Europe from its Eurozone financial imbroglio

Adoption of the single currency by certain European countries (i.e. Eurozone members) brought into convergence hitherto disparate sovereigns whose economies were as different as day and night. The conglomeration of these economies brought …

Published: 18 Nov 2011 at 10:39hrs | 2 | by Colls Ndlovu

The whys and wherefores of the Eurozone financial crisis

I have often been asked the fundamental question: what are the causes of the ongoing Eurozone financial crisis and why is it so difficult to solve it? The Eurozone financial crisis has its roots in the US subprime credit crisis. In essence…

Published: 17 Nov 2011 at 07:58hrs | 12 | by Colls Ndlovu

Matopos Hills, the other Heroes' Acre

THE month of September is very significant for Zimbabweans in general and for the Ndebele people in particular, not only because it is the month in which the annual Inxwala Reed dance is supposed to be held, but also because King Mzilikazi…

Published: 29 Apr 2011 at 05:26hrs | 6 | by Colls Ndlovu

Columnist / Colls ndlovu

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You can leave the ghetto, but you can't remove the ghetto inside - Same with apartheid

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