Members of Zimbabwe’s major churches have denounced President Robert Mugabe’s government as the biblical “beast of anarchy” and vowed to mount a campaign to force the government to restore democracy and end its “oppressive” rule.
The meteoric rise of the Zimbabwe Stock Exchange came to an abrupt halt in September with the key industrial index which had risen to 749 064 on 27 August plummeting to 639308.5 at the end of September.
Barclays Bank, one of the largest commercial banks in the country, says it will shut down 10 branches in the small outlying cities, most of which have been adversely affected by the demise of the commercial farming sector.
The government says it will not reintroduce price controls because there is a need to strike a balance between suppliers and consumers without the other party crying foul.
Former Finance Minister Tichaendepi Masaya says printing more money without linking the value of the money with real goods produced is not sustainable.