Thread
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The value of Information in Economics
A most egregious & patently false allegation was made by Zanu PF as it pertains to Old Mutual Implied Rate ( OMIR). Old Mutual was accused by Zanu PF of fueling the parallel market.
Zanu PF got its wish & OM was suspended.
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The value of Information in Economics
A most egregious & patently false allegation was made by Zanu PF as it pertains to Old Mutual Implied Rate ( OMIR). Old Mutual was accused by Zanu PF of fueling the parallel market.
Zanu PF got its wish & OM was suspended.
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At the time Nick Mangwana GOZ perm sec of information called OM and other dual listed firms “ fake counters”.
Chinamasa speaking on behalf of Zanu PF said “ZSE should compulsorily de-list”.
In other words. Fake counters must be compulsorily delisted.
Duly ZSE delisted OM
At the time Nick Mangwana GOZ perm sec of information called OM and other dual listed firms “ fake counters”.
Chinamasa speaking on behalf of Zanu PF said “ZSE should compulsorily de-list”.
In other words. Fake counters must be compulsorily delisted.
Duly ZSE delisted OM
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George Charamba the President’s spokesperson & former advisor to the President Chris Mutsvangwa were even more rabid. Chris alleged the OMIR & Ecocash were staging a “ coup”.
For Charamba it was an “illicit”, “outlaw” activity becoming a security threat for the state.
George Charamba the President’s spokesperson & former advisor to the President Chris Mutsvangwa were even more rabid. Chris alleged the OMIR & Ecocash were staging a “ coup”.
For Charamba it was an “illicit”, “outlaw” activity becoming a security threat for the state.
4/
In its turn, Old Mutual kowtowed to the Zanu PF demands to delist. It was not interested in a fight. Especially one that had zero material impact on its business.
It’s cowering statement simply said it would comply.
In its turn, Old Mutual kowtowed to the Zanu PF demands to delist. It was not interested in a fight. Especially one that had zero material impact on its business.
It’s cowering statement simply said it would comply.
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Yet, the biggest loser in all this was the Zimbabwean pensioner. Half the share register of Old Mutual was held by pension funds who used OM liquidity to pay monthly obligations. Old Mutual as the 3rd largest counter on the ZSE was big enough to attract foreign investors.
Yet, the biggest loser in all this was the Zimbabwean pensioner. Half the share register of Old Mutual was held by pension funds who used OM liquidity to pay monthly obligations. Old Mutual as the 3rd largest counter on the ZSE was big enough to attract foreign investors.
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The shares of OM on the ZSE in fact & substance have ZERO to do with OM business. OM shares on the ZSE were predicated on the performance of OM plc.
Local investors prohibited from investing abroad could participate in OM plc. i.e invest in a multinational with zero Zim risk
The shares of OM on the ZSE in fact & substance have ZERO to do with OM business. OM shares on the ZSE were predicated on the performance of OM plc.
Local investors prohibited from investing abroad could participate in OM plc. i.e invest in a multinational with zero Zim risk
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OM zim operations have ZERO to do with OM plc shares. Plc has ring fenced OM zim assets. Meaning they’ve ZERO consequences on the financial results of plc. They’ve been “written off”. Most multinationals have adopted the same stance with Zim assets. They’re not bothered!
OM zim operations have ZERO to do with OM plc shares. Plc has ring fenced OM zim assets. Meaning they’ve ZERO consequences on the financial results of plc. They’ve been “written off”. Most multinationals have adopted the same stance with Zim assets. They’re not bothered!
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The fungibility of OM shares meant the local register where a high demand was, could continuing get shares from JSE or LSE. Since , I reiterate the OM Zim had Zero to do with PLC shares & performance.
The price of shares only reflects its supply & demand.
The fungibility of OM shares meant the local register where a high demand was, could continuing get shares from JSE or LSE. Since , I reiterate the OM Zim had Zero to do with PLC shares & performance.
The price of shares only reflects its supply & demand.
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I have taken my time to show the ends of PROPAGANDA. It has nothing to do with actual reality. At that convenient time Zanu PF wanted to blame someone for its economic mismanagement. It strategically chose OM & Econet because of their size & influence in the market place
I have taken my time to show the ends of PROPAGANDA. It has nothing to do with actual reality. At that convenient time Zanu PF wanted to blame someone for its economic mismanagement. It strategically chose OM & Econet because of their size & influence in the market place
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The disappointing thing is how OM & Ecocash reacted. They played into the hands of the propagandists.
ZSE delisted PPC, OM, Seedco. And Ecocash trading limits were greatly curtailed. The business body politik was shaken & afraid.
Pensioners bore the brunt.
The disappointing thing is how OM & Ecocash reacted. They played into the hands of the propagandists.
ZSE delisted PPC, OM, Seedco. And Ecocash trading limits were greatly curtailed. The business body politik was shaken & afraid.
Pensioners bore the brunt.
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For OM plc,Zim is too small to be bothered.
Econet, Strive is now a billionaire & can’t be bothered about zim. Even after Ecocash was banned & his Zim asset wilting down to US$150m from its US$1.5bn highs, he managed to raise US$300m from his interests outside Zim.
For OM plc,Zim is too small to be bothered.
Econet, Strive is now a billionaire & can’t be bothered about zim. Even after Ecocash was banned & his Zim asset wilting down to US$150m from its US$1.5bn highs, he managed to raise US$300m from his interests outside Zim.
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At the material time when Strive stood boldly against GOZ, his interests were tied to Zim. He had skin in the game. His boldness, helped him - but broadly helped the market place. This era brought the entrepreneurial golden age & new listings. Even civic society benefitted.
At the material time when Strive stood boldly against GOZ, his interests were tied to Zim. He had skin in the game. His boldness, helped him - but broadly helped the market place. This era brought the entrepreneurial golden age & new listings. Even civic society benefitted.
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Zanu PF cannot be changed. In 1975, the genuine front line soldier grievances of Nhari & Badza group were turned into a massacre of 200 people according to Tendi(2017),Despite Chitepo’s inquery & recommendations. The same would happen to Vashandi, Gumbo & Co. & Gukurahundi!
Zanu PF cannot be changed. In 1975, the genuine front line soldier grievances of Nhari & Badza group were turned into a massacre of 200 people according to Tendi(2017),Despite Chitepo’s inquery & recommendations. The same would happen to Vashandi, Gumbo & Co. & Gukurahundi!
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Zanu PF doesn’t react well to opposition & contestation of ideas. That’s it’s history. Which it has transposed into how it deals with the Economy & civic matters. OMIR, Ecocash is seen as a “rebellion” & attracts attendant rhetoric. It uses state power & force to annihilate.
Zanu PF doesn’t react well to opposition & contestation of ideas. That’s it’s history. Which it has transposed into how it deals with the Economy & civic matters. OMIR, Ecocash is seen as a “rebellion” & attracts attendant rhetoric. It uses state power & force to annihilate.
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It targets the ring leaders to make an example. Willard Zireva at the height of 2007 price controls was arrested & harassed after spending days with state security proving OK compliance with price controls. He was arrested nonetheless. As were many other business people.
It targets the ring leaders to make an example. Willard Zireva at the height of 2007 price controls was arrested & harassed after spending days with state security proving OK compliance with price controls. He was arrested nonetheless. As were many other business people.
https://twitter.com/rangamberi/status/1318517906599194624
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Economics is the answer to the problem of scarcity. Many needs but limited resources. Information asymmetry is what defines commerce & trade. The more information the greater the trades. The less information the greater the distortions.
Economics is the answer to the problem of scarcity. Many needs but limited resources. Information asymmetry is what defines commerce & trade. The more information the greater the trades. The less information the greater the distortions.
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Propaganda is Mis-Information. It’s meant to distract from what is actually happening. In corporate world it varies from an innocuous jingle to major sponsorship of national teams. Enron gift vouchers to its clients were the largest.
Propaganda is Mis-Information. It’s meant to distract from what is actually happening. In corporate world it varies from an innocuous jingle to major sponsorship of national teams. Enron gift vouchers to its clients were the largest.
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Remember in 2016, RBZ introduced bond notes as an incentive scheme for exporters! Exporters didn’t need an incentive. It was depositors who wanted their cash. 🤷🏻♀️
This is the misinformation signaling. By then, the horse had already bolted.
Remember in 2016, RBZ introduced bond notes as an incentive scheme for exporters! Exporters didn’t need an incentive. It was depositors who wanted their cash. 🤷🏻♀️
This is the misinformation signaling. By then, the horse had already bolted.
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The arrest of the trio @daddyhope @advocatemahere @JobSikhala1 for allegedly sharing fake news which did not even originate from them & using a law struck down years ago is instructive. These are the most vocal voices on social media. It is them that speak boldly of GOZ ills
The arrest of the trio @daddyhope @advocatemahere @JobSikhala1 for allegedly sharing fake news which did not even originate from them & using a law struck down years ago is instructive. These are the most vocal voices on social media. It is them that speak boldly of GOZ ills
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GOZ’s ill’s are plenty. The least of which is the economy which has declined by a cumulative 20% since the coup. The worst performance of Zim economy since 1980. Corruption within GOZ means that it has lost the ideological war. It has no answer for the restive citizens.
GOZ’s ill’s are plenty. The least of which is the economy which has declined by a cumulative 20% since the coup. The worst performance of Zim economy since 1980. Corruption within GOZ means that it has lost the ideological war. It has no answer for the restive citizens.
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It got away with it with OM & Ecocash. Never mind the economic destruction. Econet alone contributed 2-3% of GDP. It hopes to silence dissent in any form.
A coup happened because Mugabe was mismanaging the economy.
It got away with it with OM & Ecocash. Never mind the economic destruction. Econet alone contributed 2-3% of GDP. It hopes to silence dissent in any form.
A coup happened because Mugabe was mismanaging the economy.
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Arresting dissenting voices and not arresting poverty is callous. But it is a market signal of what Peter Drucker called Mis-Leaders.
Arresting dissenting voices and not arresting poverty is callous. But it is a market signal of what Peter Drucker called Mis-Leaders.
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