Zimbabwe

Inflation: Zimbabweans blamed

2008-11-16 14:32

Special Report

Mugabe's wife Grace completes PhD in 3 months
Mugabe's wife Grace completes PhD in 3 months

Soon after being shoe-horned into the top ranks of Zimbabwe's ruling party, the wife of ageing leader Robert Mugabe has gained a PhD in orphanages, seen as the latest sign that she may be destined for the high office.

Harare - Zimbabwe's central bank chief says ordinary Zimbabweans are to blame for the country's crippling inflation.

Reserve Bank Governor Gideon Gono is quoted in The Sunday Mail, a state-owned newspaper, as saying inflation is due to what he calls a "collective failure as a nation" to produce enough, particularly food. He calls on Zimbabweans "to actively play a part in producing for the nation".

Zimbabwe's inflation rate is officially 231 million per cent, the highest in the world.

Government orders to seize white-owned farms starting in 2000 disrupted the economy of what had been the region's breadbasket. The farms were to have gone to poor blacks, but many went to ruling party loyalists. Agricultural production has plummeted. Today, Zimbabwe faces a hunger crisis.

- AP

NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

 

Inside News24

 
/Fashion

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Pre-order your iPhone 6 at kalahari.com

Hurry and pre-order your own iPhone 6 now at SA’s favourite online store!

Bargain box – 60% off

Reduced prices, very limited stock. While stocks last. Hurry and shop now!

Mind blow low prices on electronics

Get either the Prestigio multiphone or Proline tablet 7” tablet for only R699. Offers valid while stocks last. Shop now!

30% off Barbie toys

Save 30% on all Barbie toys and accessories. Offer valid while stocks last. Shop now!

Baby extravanganza month at kalahari.com

Celebrate baby month with a wide range of awesome baby products. Offers valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

It may feel like you are treading water and going nowhere fast. You may want to get off the merry go round. By pushing yourself...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.