Zimbabwe anti-sanctions protest fails despite free transport, chicken and Pepsi
The European Union and the United States pooh-poohed an anti-sanctions march organised by the Zimbabwean government on Friday.
Both said sanctions would remain until President Emmerson Mnangagwa makes good on his promise to reform the country.
The march was poorly attended despite Government declaring a public holiday and providing free transport, chicken and Pepsi.
On Saturday, the US imposed additional sanctions, this time specifically against Owen Ncube, Zimbabwe’s Minister of State Security, for “gross violations of human rights” in response to anti-government protests.
They discussed the failed march and Mnangagwa’s intention to make calling for sanctions in Zimbabwe a crime.
She also spoke about Zimbabwe pulling a stunt on its Chinese creditors.
China suspended $1.3 billion in projects after the Zimbabwean government diverted $10 million from an escrow account for an emergency at the Robert Mugabe Airport.
One of the affected projects is a $1.1 billion upgrade to the Hwange power station, desperately needed in a country surviving on a few hours of electricity per day at most.
For more detail, listen to the interview in the audio below.
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
BMW's Heritage Month campaign features a Kwesta hit which samples another band's music. Advertising expert Andy Rice weighs in.Read More
SAA's business rescue practitioners decide to suspend airline operations. Bruce Whitfield gets comment from the experts.Read More
'It's an abnormal report in abnormal times'. Paul Berkowitz (CEO, Hlaziya Solutions) makes sense of Stats SA unemployment figures.Read More
"We aim to do banking differently," says Bettr cofounder Tobie van Zyl. "The traditional banking model is going to evaporate."Read More
Kevin Lings (Chief Economist, Stanlib) opens up about his attitude to money (hopes and fears, successes and failures, etc.).Read More
Bruce Cameron discusses with Bruce Whitfield his new book on securing your retirement, despite corruption and the smashed economy.Read More
SA needs homes. Plenty of them. They can and should be constructed with wood, says Phillip Crafford (Stellenbosch University).Read More
For 300 days, punch-drunk South Africans have been learning just how bad corruption is in the country, says Ferial Haffajee.Read More
Lester Kiewit finds out from Stefanie de Saude-Darbandi what the proposed new law means for foreign business Gauteng townships.Read More
Your financial future – even if you have to start over – could be brighter than it would’ve been without the pandemic.Read More
There’ll be many opportunities for frontier investors in the coming years, says Absa's Somaya Joshua.Read More
There’s an inevitability to it – these commodities (such as vanadium, if the tech improves) have a bright future ahead of them.Read More
The Paris Agreement forces companies and lenders to be responsible and to consider the climate in their operations.Read More
Many countries on the Continent are increasingly providing investors with the stability and regulatory certainty they seek.Read More
Supply/demand fundamentals are looking good, for now. Absa Corporate and Investment Banking provides a view on 2020 and beyond.Read More
Journalist Ali Abdukadir says the government has been struggling to deal with the pandemic and saving the livelihood of people.Read More
Like all good stories, this one starts in a [mythical because we’re South African] pub … but not for the reasons you imagine.Read More
This academic seeks to address the social responses to injustices facing humankind, thanks to a unique understanding of people.Read More
'Mr Eazi' launched the Africa Music Fund to support the continent's creative talent. Bruce Whitfield interviews Lee Kasumba.Read More
The bank is one of only six in the world to be recognised in this way for outstanding performance during the global health crisis.Read More