Zimbabwe in Crisis

Zimbabwe is in crisis. The pessimist might justifiably call the country a disaster. The optimist – with a suitably long timeline – may just be able to see a low base with incredible scope. For South African business, our near proximity makes the glass-half-full option one worth battling to make a reality. And the potential is not hiding.

The Great Dyke corridor, a 550km strip that splits the country diagonally, constitutes the world’s second-largest reserve of platinum group metals. Zimbabwe is also home to the second-largest diamond reserve on the planet and more than 4,000 gold deposits. Then there’s chrome, coal and another 30-odd mineral and mineral-based commodities produced in Zimbabwe.

Despite a gradual revival of Zimbabwe’s agriculture since the sector’s demise after the land grabs of the early 2000s, spare capacity abounds. Between 2000 and 2016 annual wheat production fell from 250,000 tons to 60,000 tons, maize was reduced from two million tons to 500,000 tons and cattle slaughtered for beef fell from 605,000 to 244,000.

As for tourism, anyone who has experienced Victoria Falls, Lake Kariba, Hwange National Park or the Great Zimbabwe Ruins will vouch for this sector’s value. 

Again, the loss is stark, but the prospects for growth are demonstrable and large

This forums unpacks the current political and economic crisis in the Zimbabwe and the importance of the country as a strategic partner to South Africa.

Speakers:

  • David Coltart, MDC Senator, has been a human rights lawyer in Zimbabwe since his return to the country in 1983. He was first elected to represent the Bulawayo South House of Assembly constituency in June 2000, was relected in 2005 and 2013. Between 2009 and 2013 he was the Minister of Education, Sport, Arts and Culture in the inclusive government. He is the author of “The struggle continues: 50 years of tyranny in Zimbabwe” published by Jacana in 2016.
  • Arthur Mutambara, former deputy prime minister of Zimbabwe
  • Peter Moyo, CEO of Old Mutual Emerging Markets
  • Professor Nick Binedell, former dean of GIBS


Additional Info:

Registration: 17:45

Starts:18:00

Ends:19:30

A light dinner will be served after the event.

Want to attend but can't afford to? email Nkawus@gibs.co.za for one of the limited free seats available.

Please note that GIBS forums are recorded for City Press adnd BDTV.

Please engage with us on Twitter: @GIBS_SA | #gibsforum, #gibsconference, #gibsevent, #gibsmba
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