Mugabe spends R491m on travel (but can’t find R3.4m to fight a typhoid outbreak)

Zimbabwean President Robert Mugabe spent almost half a billion rand (US$36 million) on travel in the first 10 months of 2016, reports Africa at Work Chief Executive Dianna Games.

This while officials in Harare battle to raise R3.4 million (US$250 000) to fight a typhoid outbreak.

Mugabe is in China as part of a month long holiday abroad.

The economic crisis in Zimbabwe is ongoing.

Consumers can no longer use Visa cards and advisories are warning travellers against spending cash and getting change in bond notes.

The Money Show’s Bruce Whitfield interviewed Games.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

Bond notes are like a typical Zimbabwean economic bubble.

Dianna Games

Zimbabwe is kind of disconnecting itself more and more from the outside world.

Dianna Games

Zimbabwe’s currency is not real.

Dianna Games

There’s a lot of money ploughed into insuring Zanu-PF wins the election next year.

Dianna Games

There are no Chinese mega deals happening in Zimbabwe. The Chinese can see it’s not the best place to put their money.

Dianna Games

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Article brought to us by Old Mutual.


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