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The Insider - January 2006


It's not what you earn but what it buys that matters

It's an argument that I know I will never win. But my colleague and I have agreed to disagree. He whines about ever escalating prices. I argue that things are getting cheaper in real terms. The problem is that real wages are declining drastically. Full story

Government accounts not audited for five years

The government has been groping in the dark for the past five years as it has been rolling out annual budgets but has not produced any audited reports since 2000. Full story

Opposition in disarray but Tsvangirai still offers the best hope

Zimbabwe's opposition, which came on with a bang in 2000 raising hopes that it could wrestle power from President Robert Mugabe who has literally run the country down, is fast crumbling at a time when most people believed Mugabe's administration was at its weakest. Full story

Major boost for gold producers -Price expected to soar

Gold producers, who have been reeling because of low prices and escalating production costs, could have a major boost this year as the price of the precious metal is expected to soar. It has already surpassed the $500 an ounce mark for the first time since 1987, and some predictions are that it could soar to a record high of US$850 an ounce before the end of March. Full story

Fingaz under pressure

The Financial Gazette was yesterday forced to retract a story in which it had claimed that the Central Intelligence Organisation had blocked the registration of Associated Newspapers of Zimbabwe, publishers of the banned Daily News and Daily News on Sunday. Full story

Government departments usually broke after only three months

Government departments in Bulawayo usually exhaust their budgets within the first quarter of the year, that is why they are failing to pay their bills to the Bulawayo City Council, executive mayor Japhet Ndabeni-Ncube said. Full story

Predictions for 2006

What is in store for Zimbabwe in 2006? That is anybody's guess. The country's politics is very volatile. Anything can happen. The economy is in shambles. But the so-called economic crisis has lasted for almost a decade. The same old figures have presided over Zimbabwe for more than two-decades. How many more years will they stay on? Here is what we think is in store for Zimbabwe in 2006. Full story

Tough first half predicted

Things are likely to be tough during the first half of this year. Inflation is likely to continue to rise while manufacturing is not likely to pick up significantly because of the shortage of fuel and foreign currency. Full story

Cowdray Park residents to put pressure on council

Residents of Section 12 of Cowdray Park are to put pressure on the Bulawayo City Council to resolve their dispute with Alpha Construction which was supposed to construct more than 500 houses in the area but failed to do so. Full story

Bulawayo approves plans worth $92 billion

The Bulawayo City Council approved building plans worth $92 billion between January and November last year with the sprawling suburb of Cowdray Park, which hosts several housing schemes by private developers as well as the government's Operation Hlalani Kuhle, taking the lead. Full story

Construction boom in Bulawayo

The usually sleepy town of Bulawayo is experiencing an unprecedented building boom. The City Council approved building plans valued at a whopping $52 billion in December alone. This was more than the value of plans approved in the first eight months of the year.Full story

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