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Old September 16th, 2019, 05:43 AM   #27321
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Old September 16th, 2019, 05:56 AM   #27322
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Old September 16th, 2019, 06:15 AM   #27323
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Interesting. So without sanctions on Zimbabwe SA would be the worst performer
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Old September 16th, 2019, 07:01 AM   #27324
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Interesting. So without sanctions on Zimbabwe SA would be the worst performer
Zimbabwe's performance is not due to sanctions.
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Old September 16th, 2019, 08:20 AM   #27325
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Sanctions lol

What is actually interesting is that Joburg alone has more wealth than the entire country of Nigeria with a population of what...150 million-200 million? Who knows exactly - but suffice to say it is quite obvious why so many flock to Joburg, and why less than 200 leave even when offered a free flight
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Old September 16th, 2019, 09:26 AM   #27326
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raindrops a moderator dkm stop




you notice all the women have left, this forum sucks, bout to ban myself as well. Arinze probably happily married to a Nigerian American in Winston Salem NC, their son Abegunde will become a doctor.
Hang in there, Laden. Time is a great healer.
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Old September 16th, 2019, 10:29 AM   #27327
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Investors, economists see Egypt’s new mining law as promising - LINK



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Egyptian investors and economists are expecting that the country’s new mining law will open the way for more investments in the field of mineral exploration and extraction and therefore boost the national economy and state revenues.

[...]

Legislators said the law aims to establish clear mechanisms to exploit Egypt's mineral wealth from quarries and mines while ensuring the largest possible return in favor of national income.

Under the new law, fees collected by the government from companies investing in the mineral wealth sector would be a maximum of 15% and a minimum of 5%. Under the old law, fees stood at 20%; they have been reduced to encourage more investors to inject their money into this sector. The rent value of mines would be modified every three years instead of there not being a specific timeframe.

[...]

“The Ministry of Petroleum’s sector development strategy aims to achieve tangible results in the short term, in addition to achieving a quantum leap in the performance of the mining sector by 2030, including the contribution of the sector to the national income by $7 billion, creating 110,000 new jobs, and attracting investments worth $700 million,” he said.

[...]

Shami further noted that more than 90% of the land in Egypt has untapped mineral wealth and if the investment is done well, it will inject billions of dollars into the public treasury. “There are land plots in Egypt known internationally for the size of their minerals, most notably the Red Sea, the Delta and the Golden Triangle,” he said.

[...]

“Now the government believes that the development of mineral wealth is a national goal, and hence began to think about re-modernizing the mineral wealth sector through the development of new strategies for its advancement. This came mainly through the adoption of the new mineral wealth law,” he told Al-Monitor.

[...]
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Old September 16th, 2019, 11:00 AM   #27328
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Quote:
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Zimbabwe's performance is not due to sanctions.


Literaly, not even in Zimbabwe is anyone saying this.
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Old September 16th, 2019, 12:23 PM   #27329
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Quote:
Originally Posted by NicSA View Post
Zimbabwe's performance is not due to sanctions.
Lol sure
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Old September 16th, 2019, 12:24 PM   #27330
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raindrops a moderator dkm stop




you notice all the women have left, this forum sucks, bout to ban myself as well. Arinze probably happily married to a Nigerian American in Winston Salem NC, their son Abegunde will become a doctor.
There are a couple women left.
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Old September 16th, 2019, 12:24 PM   #27331
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Literaly, not even in Zimbabwe is anyone saying this.
Literally untrue
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Old September 16th, 2019, 12:28 PM   #27332
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Quote:
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Lol sure
If you really think Zimbabwe's economic crisis is a result of sanctions you are a complete fool.

It will only take you a few minutes to look up various papers explaining the causes of its economic troubles.
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Old September 16th, 2019, 12:41 PM   #27333
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Algeria-France: Air Algérie eyes acquisition of bankrupted Aigle Azur

Algeria’s national carrier Air Algérie is interested in acquiring its main rival on Algeria-France route, Aigle Azur, which has grounded its aircraft over bankruptcy.

A source from the state-owned airline told local media TSA that management is keen to acquire its rival and its installations in France where it operates from.

The intentions have been confirmed by the airline CEO, Bekhouche Allache who told the media that they have funds to buy sluggish airline, and only wait for the Algerian state to decide.

Aigle Azur, a French airline last week grounded all aircraft and left its passengers stranded in several airports. Last week, Aigle Azur was put under a court-ordered restructuring after it filed bankruptcy last month.

http://northafricapost.com/33785-alg...igle-azur.html
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Old September 16th, 2019, 12:50 PM   #27334
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Quote:
Originally Posted by NicSA View Post
If you really think Zimbabwe's economic crisis is a result of sanctions you are a complete fool.

It will only take you a few minutes to look up various papers explaining the causes of its economic troubles.
I see you’re still smarting from the earlier drubbing. Even after yellow has put a kabish on matters you want to drag this into a gutter again.

Anyway here is sadc and various others saying the same thing. From British state tv no less. The article represents both views. There are papers that also support that position since it’s factual

Zimbabwe sanctions: Sadc calls on US and EU to drop policy

A group of 16 African countries has called on the US and EU to "immediately lift" sanctions imposed on Zimbabwe.

The policy was hurting the region, said Tanzania President John Magufuli, who is also the chairman of the Southern African Development Community (Sadc)

The sanctions were imposed in 2002 when Robert Mugabe was president.

President Emmerson Mnangagwa blames them for crippling development in the country.

He says removing them would attract Western investors to Zimbabwe after close to two decades of economic isolation.

Zimbabwe is reeling from high inflation and shortages of basic supplies such as fuel, power and water.

https://www.google.com/amp/s/www.bbc...frica-49386829
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Old September 16th, 2019, 01:09 PM   #27335
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Originally Posted by ekema View Post
I see you’re still smarting from the earlier drubbing. Even after yellow has put a kabish on matters you want to drag this into a gutter again.

Anyway here is sadc and various others saying the same thing. From British state tv no less. The article represents both views. There are papers that also support that position since it’s factual

Zimbabwe sanctions: Sadc calls on US and EU to drop policy

A group of 16 African countries has called on the US and EU to "immediately lift" sanctions imposed on Zimbabwe.

The policy was hurting the region, said Tanzania President John Magufuli, who is also the chairman of the Southern African Development Community (Sadc)

The sanctions were imposed in 2002 when Robert Mugabe was president.

President Emmerson Mnangagwa blames them for crippling development in the country.

He says removing them would attract Western investors to Zimbabwe after close to two decades of economic isolation.

Zimbabwe is reeling from high inflation and shortages of basic supplies such as fuel, power and water.

https://www.google.com/amp/s/www.bbc...frica-49386829
Once again you show a stunning lack of basic economic understanding.

The issue is not sanctions but a host of more fundamental issues with the Zimbabwean economy from mass corruption to lack of economic competitiveness:

Quote:
While the European Union has taken heed of the call to remove sanctions on Zimbabwe, US President Donald Trump has extended sanctions for one year.

In a notice announcing the extension, Trump said the sanctions will remain until President Mnangagwa and his government change Zimbabwe’s laws restricting media freedom and protests.

In 2001, the US Senate passed the Zimbabwe Democracy and Economic Recovery Act, which imposed travel bans on Zimbabwean officials. It also denied Zimbabwe access to international loans.

While South Africa believes sanctions should be scrapped, analysts indicated that the sanctions narrative has been an easy scapegoat in addressing the real issues affecting the country.


Daily Maverick spoke to Dr Godfrey Kanyenze, director of the Labour and Economic and Development Research Institute of Zimbabwe, who said there was a need to dwell more on addressing poor governance, lack of reforms, corruption, misplaced priorities and the military being used as an instrument of dealing with dissent.

Kanyenze said of the Zimbabwe/South Africa Bi-National Commission:

“It’s almost become a meeting to gang up to call for the removal of sanctions, without really equally talking about the underlying factors that resulted in those sanctions being imposed on Zimbabwe.”

Senior researcher at the Institute of Security Studies Derek Matyszak does not see how the removal of sanctions will help to solve the currency crisis facing the country.

“Sanctions statements alone won’t be enough; rather they should be coupled with condemnation, particularly looking at the heavy-handedness of the military when they were responding to social unrest. In the absence of that, SA foreign policy will look more like quiet diplomacy,” Matyszak said.

In January, when the Zimbabwe Congress of Trade Unions called for a three-day nationwide protest against a more than 150% increase in fuel prices, the result was 17 people killed, hundreds injured, beaten up and tortured, and mass arrests and trials.

Matyszak highlighted that there were serious structural problems that include a pervasive military influence in the running of the country’s economy that should be looked into, including piling pressure on President Mnangagwa to walk the talk.
https://www.dailymaverick.co.za/arti...mentals-first/
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Old September 16th, 2019, 01:50 PM   #27336
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Quote:
Originally Posted by NicSA View Post
Once again you show a stunning lack of basic economic understanding.

The issue is not sanctions but a host of more fundamental issues with the Zimbabwean economy from mass corruption to lack of economic competitiveness:



https://www.dailymaverick.co.za/arti...mentals-first/
Everything you’ve described exists in every african country. Even worse in other countries. Yet they’re growing. Only thing missing are these sanctions. This is elementary. Especially considering the good fundamentals in Zimbabwe like education.
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Old September 16th, 2019, 02:04 PM   #27337
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Olivilo is someone's double account, he should post using his main one as that's against the rules

oh and in the Italian section Blacks are commonly referred as "nekro/nekri" and Albanians as "albanekro/albanekri", they switch the g for the k. You should check that up as well.

Arinze is AWOL, we need a new second mod and if we'd have to vote Raindrops would win for sure, so you can turn him into a mod straight away
This subforum has descended into a cesspit for racist, xenophobic, homophobes who sadly enjoy much support from the hate-filled majority here. So yes, on that basis alone, he would, "win for sure" - democracy in action
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Old September 16th, 2019, 02:10 PM   #27338
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These pro-western vs anti-western squabbles are getting boring

Sanctions contributed to almost as much devastation to the Zimbabwean economy as uttur mismanagement by the authorities. Though they did come latter.

Unless any one can name a rapidly advancing mismanaged or sanctioned country
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Old September 16th, 2019, 02:48 PM   #27339
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Tbh that stat is meaningless just look at the gdp they used which is outdated.
They just trying to prove a fake point.
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Old September 16th, 2019, 03:54 PM   #27340
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Literally untrue


You may be able to scour the internet and find the very odd person. But its a fringe view. Not even the ZanuPF leaders are saying it.

Either you know something noone else does, or you are mistaken.

Which is more likely?
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