Shows
Carte Blanche with PerryZWL liquidity crunch mirage: Government cutting its nose to spite its face?There is a current shortage of ZWL liquidity in the market, and government is claiming a victory in its war against inflation and runaway exchange rates. Is this victory real, and is it sustainable?2022-08-1809 minCarte Blanche with PerryOil for land and equity: How Mugabe stitched fuel supply deals with his Libyan buddy Muammar GaddafiWith long winding fuel queues becoming common in Zimbabwe, as foreign currency shortages deepened, Robert Mugabe stitched a $360 million fuel supply deal with Libya. This deal was not for nothing however, as Gaddafi pounced on Mugabe’s desperation to accumulate assets in Zimbabwe.2022-03-2213 minCarte Blanche with PerryFrom Russia with little love: The very real cost of Putin’s war on ZimbabweUnlike most global crises, the Russia-Ukraine war isn’t one of those ‘who cares’ type of events. Instead, it has very real and far reaching implications for Zimbabwe.2022-03-0910 minCarte Blanche with PerryA peek into Gideon Gono’s RBZ madhouse during Zimbabwe’s hyper-inflationary era“Baccossi”, “Aspef”, “Plarp” are just a few of the acronyms coined by Gideon Gono to describe his now infamous quasi-fiscal activities during his time as RBZ governor. Gono oversaw a period of massive inflation, looting of state resources and a ballooning of the central bank’s debt. This episode looks at this dark period, and some of Gono’s most prominent quasi fiscal interventions.2021-11-1818 minCarte Blanche with PerryMasters of Corporate Zimbabwe: Jeff Mzwimbi ProfileRoyal Bank Zimbabwe was on a firm growth trajectory, until one day when everything went awry and the Directors surrendered their banking license. The founder Jeff Mzwimbi had been a stalwart in Corporate Zimbabwe, helping Strive Masiyiwa set up Econet Zimbabwe. Mzwimbi was also one of the first blacks to break into the heavily white dominated merchant banking industry in Zimbabwe. Here is his story.2021-11-1614 minCarte Blanche with PerryMasters of Corporate Zimbabwe: David Hatendi ProfileA closer look into Zimbabwe’s first ever black Rhodes scholar, and former CEO of NMB Bank and MBCA Bank. David Hatendi loved life and lived a very eventful life filled with success, failure, humour. David presided over NMB Bank during the tumultuous mid-2000s banking crisis era, eventually stepping down following a fraud scandal at the bank.2021-10-2812 minCarte Blanche with PerryMasters of Corporate Zimbabwe: Antony Mandiwanza ProfileA closer look into the corporate profiles of one of Zimbabwe’s well known and long serving CEO’s Mr Antony Mandiwanza. Mr Mandiwanza has been CEO of Dairibord Zimbabwe Holdings for over 20 years, and is a towering figure in corporate Zimbabwe. A leader who often divides opinion due to the length of his tenure as CEO.2021-09-2218 minCarte Blanche with PerryCivil service US dollar allowances: Another money printing dalliance by government?Government recently announced a Covid-19 allowance of a non-taxable US$75 a month for the civil service. In addition, it also effected a 50% increase of the ZWL dollar salaries, to quell unrest in the civil service as the cost of living continues to rise. In this episode, I look at whether government can afford this, where this money will come from, and what this all means for the broader economy.2020-06-2614 minCarte Blanche with PerryZimbabwe’s troubled history with bank notes enters a new chapter as fresh notes start circulatingZimbabwe has been here before, and this story is all too familiar. When it comes to its economy, time and again, we have seen that history doesn’t necessarily repeat itself, but it often rhymes. In 2008, over the course of just a single month, the RBZ issued a series of no less than 9 new notes. Is Zimbabwe headed again in that path?2020-05-2014 minCarte Blanche with PerryVictoria Falls Stock Exchange: Zimbabwe’s knight in shining armour?Exactly 30 days from the date a harried Mthuli Ncube wrote to the IMF seeking financial assistance, the finance minister put out a series of tweets announcing plans to launch the VFEX to trade in foreign currency. This new stock exchange is aimed at attracting foreign investors especially for the mining sector. Will this move bring some much needed relief to Zimbabwe’s economy?2020-05-0614 minCarte Blanche with PerryLeaked IMF letter, $18 billion Covid-19 stimulus package and all that’s inbetweenWhen It comes to sheer drama and policies that seemingly change on a whim, Zimbabwe’s economy never disappoints. Join me as I talk about finance minister Mthuli Ncube’s leaked IMF letter, Covid-19 stimulus package, Vic Falls Stock Exchange and much more.2020-05-0439 minCarte Blanche with PerryFinancial scandals that shook Zimbabwe: Roger Boka & United Merchant BankRoger Boka thrived as an icon, until his bank went bust. Roger was a man of many firsts. He was the first black Zimbabwean to own a private plane, and a Rolls Royce. In 1994, Roger became the first black to be given a tobacco merchant’s license. His bank, UMB, was among the first indigenous banks to be given a license. Yet on 29 April 1998, his business empire came crashing. A massive ZW$1.2 billion scandal involving forged CSC bills led to the collapse of UMB. This episode looks at Roger Boka, the maverick, and the collapse of his bank.2020-04-2623 minCarte Blanche with PerryCovid-19 : The economics of lockdown in ZimbabweThis crisis is like no other. The Covid-19 pandemic has had dire effects on both public health and the Zimbabwean economy. In reaction to the virus’ spread, like many countries, Zimbabwe has implemented stay-at-home orders and closures of all “non-essential businesses.” This “Great Lockdown” fueled by the Corona virus pandemic will spark the worst global recession since the Great Depression, and stands to worsen if the outbreak can’t be contained. This episode looks at implications of the pandemic to Zimbabwe and how the economy has been faring since the onset of the lockdown. I talk about re-opening Zimbabwe’s economy, the p...2020-04-2220 minCarte Blanche with PerryFinancial scandals that shook Zimbabwe: ENG Capital (Part 2)#
In 2010, a high court judge ruled that ENG Capital had satisfactorily settled all its past, present and future claims. ENG Capital’s excess assets were returned, and its Director, Gilbert Muponda was de-specified. He later returned to Zimbabwe from exile in Canada in 2011. After years of being vilified and hounded, for what was seen as one of Zimbabwe’s biggest ever financial scandals, the Directors of ENG Capital still maintain their innocence. None of the directors was ever convicted for the ZW$61 billion fraud allegations they were charged with. They claim they that theirs was just an unlucky case of poli...2020-04-2023 minCarte Blanche with PerryFinancial scandals that shook Zimbabwe : ENG Capital (Part 1)On 19 December 2003, within a few hours following Gideon Gono’s maiden Monetary Policy Statement as RBZ governor, ENG Capital collapsed. It had failed to pay over ZW$100 billion it owed its investors. Two of the company’s directors, Nyasha Watyoka and Gilbert Muponda were subsequently arrested for misappropriating depositor funds totaling over ZW$61 billion. The collapse of ENG Capital sent ripples in Zimbabwe’s banking sector, and sparked a huge banking crisis. Thereafter 14 banking institutions failed, all within the space of a year. This episode recounts the chain of events that led to the collapse of ENG Capital, one of the bi...2020-04-1615 minCarte Blanche with PerryThere will be blood: The looming carnage awaiting Zimbabwean banksTo be absolutely clear, there is a banking sector crisis unfolding in Zimbabwe, that is likely to see some banks fold. The Covid-19 outbreak has only precipitated the problems banks face. This episode breaks down the risks banks in Zimbabwe are facing.2020-03-3022 minCarte Blanche with PerryThe RBZ finally responds to the Covid-19 crisis. Will this save Zimbabwe’s teetering economy?Zimbabwe’s central bank has finally responded to Covid-19 crisis which threatens to choke the economy. In a surprising about turn, the Bank legalizes the use of the United States dollar for payment of goods and services. The RBZ admits the country’s limited access to foreign currency is adversely affecting Zimbabwe’s Balance of Payment position. It also dumps its recently adopted Managed Floating Rate System in favor of a Fixed Exchange Rate System. This podcast looks at the wider implications of the RBZ’s policy response.2020-03-2737 minCarte Blanche with Perry“Houston, we have a problem”: Making sense of Zimbabwe’s economy in Covid-19 infested 2020.The IMF has described the present conditions in Zimbabwe as an economic and humanitarian crisis. Erratic rainfalls, electricity challenges, foreign currency shortages and more than half of the population being deemed food insecure, means that the economy is facing a thousand storms. Add onto these perfect storms, is the Covid-19 health crisis. This episode looks at how Zimbabwe’s economy will fare in 2020 given the unique challenges it faces.2020-03-2548 minCarte Blanche with PerryWhy Carte Blanche with Perry?“Start with why” - Simon Sinek. This episode does exactly that, and answers the question of why this Podcast exists at all. I also talk about about the chain of events that led to the launch of the Podcast.2020-03-2108 minCarte Blanche with PerryCarte Blanche with Perry - Podcast TrailerZimbabwe’s economy has broken numerous records over the years. The second highest hyperinflation rate ever recorded in history of 89.7 sextillion percent, to issuing a 100 trillion dollar note, Zimbabwe’s done it all. This podcast offers insightful explanations and analyses of Zimbabwe’s unique and record breaking economy.2020-03-2100 min