Zimbabwe has revised its HIV/AIDS figures downwards from an estimated 2.3 million to 1.82 million, reducing prevalence from 33.7 percent to 24.9 percent.
Despite the shortages of electricity, cement, coal, fuel and other utilities which have become a daily challenge, PG Industries says it has so far been able to read the Zimbabwe economy accurately.
Retail group OK Zimbabwe saw its sales for the year ending March almost treble from $16.3 billion to $47.7 billion but it says the increase in sales was largely inflationary as volumes were actually down.
Although inflation and remittances from Zimbabweans abroad will continue to fuel consumptive buying, this will not be able to counteract the now severe economic contraction.
The freefall of the Zimbabwean dollar continued with the local currency plunging to about $4 000 to the greenback by the end of July.
Zimbabwe planned to embark on a fast-track land reform programme prior to 1997 long before the formation of the opposition Movement for Democratic Change and the nation’s refusal to sanction a new constitution which most media analysts allege sparked the government’s onslaught on mainly white commercial farmers as a form of retribution for supporting the No vote.