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Business Daily: Zimbabwe

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06/04/2009

Zimbabwe

BBC World Service - Business Daily, Zimbabwe

The head of South Africa's development bank says it's time to put money in to Zimbabwe.

Has Zimbabwe turned the corner?  
Two things have happened; first, there is now a coalition government, and second, the country has just adopted the US dollar and the South African rand as currency.

The head of South Africa's development bank says it's time to put money in to Zimbabwe.

Has Zimbabwe turned the corner?  Two things have happened; firstly, there is a coalition government and its ministers met over the weekend, emerging to say they wanted normal relations with other countries.  

And secondly, the country has just adopted the US dollar and the South African rand as currency.

Of course, Mr Mugabe remains president despite his Zanu-PF party failing to win the country's elections.  And that means - certainly as far as many outside countries believe - that sanctions should remain, even as cholera and starvation stalk the land, not to mention 80% unemployment and hyper-inflation.

But there are now strong voices calling for the lifting of sanctions.  Jay Naidoo is chairman of the Development Bank for Southern Africa which is owned by the South African government. He told Business Daily what he thought should be done for Zimbabwe and what his bank's role could be.

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