The economic perspective

31 01 2012

It was not an auspicious start.
“What are you looking for?” asked the attendant in the very dim interior of CBZ bank in Borrowdale.
“The withdrawal slips” I replied.
“Here you are” he said, handing me a photocopy of the usual slip.
I wondered if they were photocopied because that was the only way they could keep up with demand or maybe there was a more prosaic reason. I filled it in to draw the estimated $3000 that I needed to buy seed and various other inputs for the remainder of the month and moved to the queue. There were no lights and the TV (yes, Zimbabwe banks have a TV on to entertain those in the queues) kept turning on and off and then gave up. A fan at the other end of the counter put up a valiant attempt and then gave up too. The lights remained off.

“Hello Mr Roberts” the teller greeted me in her usual cheery fashion. I looked over at the blank computer monitor and gave her the withdrawal slip.
“Oh, we are only giving out $1000 per person” she said on seeing the amount. “You will have to speak to the manager if you want more”.

I exchanged the standard “how are you” greetings with the manager and to my surprise she said “Actually I am not happy, the generator has packed up” and proceeded to phone around to get someone to come and help. She also told me that I could only draw $1000 a day. I applied a bit of pressure and made no move to leave her office. She tried another tactic: “By this weekend you will be able to draw as much as you like”. I said yes, but I had to get inputs NOW! She eventually gave up and I handed over the cash withdrawal slip and left her office.

Now the stock market listings may not be everyone’s idea of light entertainment but most people have not seen the ZSE (Zimbabwe Stock Exchange) listings. I turned to the back page of The Herald business section on the bank manager’s desk. I would think most countries list share prices in “whole” currency units but in Zimbabwe we list them in US cents! All of 4 companies were listed as trading shares at over $1 and though some were not trading at all (not sure why) some were trading at a lot less than 1c. Gulliver 0.01c, Celsys 0.04c, Cairns Foods 0.07c. The vast majority showed negative growth with Gulliver – once a top construction company – nearly leading the pack at -63% for this month (that has to take some doing!) and Ariston at the other end of the spectrum up 56% for the month with a share price at around 1.30c.

“I guess this puts the economy in perspective” I said to the manager as she came back into her office with my money. She just shook her head.





The honesty oasis

26 01 2012

“50c?” I asked, incredulous*.
“Yes, 50c” the shopkeeper replied.
“Why don’t you just make it a dollar?”
“Because there are other things here that do cost a dollar so that would be dishonest” he said.
“Well, this is Zimbabwe so while in Africa…” I replied attempting to make a joke of it but he had no apparent sense of humour.
I took a closer look at the zip I’d bought. There was no name brand on it.
“So I guess this will last about as long as I’d expect for 50c” I postulated.
“It’s not a bad zip” he replied. “I have tried them out”.
“So what do you do about the change?” I asked.
“I usually have it” came the reply as he dug into the change drawer and gave me a R5 coin which is actually worth 60c but I was not going to quibble. On Wednesday I was given change for a milkshake for 50c in US coins and South African rand coins. I did wonder how many zips he would have to sell to make it worth his while but the shop has been in the Mount Pleasant shopping complex for as long as I can remember so I guess they have got their maths right.

(* the US dollar is the de facto currency of Zimbabwe though it does vary by region: in Bulawayo, further to the south, the South African rand is more popular)





CBZ (Commercial Bank of Zimbabwe) stumbles – badly

26 01 2012

Last Friday I was in the bank and got the cash I needed without a problem. I saw the ART Farm accountant there and he was muttering about not being able to do transfers. Over the weekend it emerged that they had a liquidity problem so it was with a bit of concern on Monday that I went to draw wages. They grudgingly gave me the $4000 or so that I needed but most people were only getting $1000 and they only had smaller denomination notes; $20 and less. There was clearly a serious problem here.

In Friday’s Independent newspaper CBZ was reported as loaning $713 million last year, more than double the next bank, BancABC. I have also heard anecdotally of a farmer who got a $1m loan from CBZ – clearly impossible to pay back in Zimbabwe’s economic climate. Then yesterday Shelton told me that he’d seen in the press that the liquidity problem WAS due to too many loans being given out. Just who was in charge of that aspect? Is this a case of “loans for mates” of Gideon Gono who has significant influence there? I wouldn’t be surprised.





At the limit of the lift

24 01 2012

“The lift is full!” several people chorused. That did not deter the small guy waiting outside.

“There is a space!” he said and dived into the nearly solid crowd, somehow finding a space behind my left elbow.

“Just as well he is small” I reflected as I counted 15 people now in the lift. Just above the levels selector buttons there was a notice that prominently stated that the capacity of the lift was 13 people and 900kg. I had been going up and down in the lift as I sought to clear up the mess that is my company tax file in the ZIMRA (Zimbabwe Revenue Authority) building that is Kurima House in the CBD of Harare today. Of course there must be a safety factor built-in on top of the limit but the manner in which the doors had to be forced apart on the ground floor did not give me a lot of faith that the lift was well maintained. The rest of the building has been refitted in the last 3 years following the US dollarisation of the economy so I guess that at least some of my tax dollars are being well used. I don’t begrudge them that; the building was pretty disgusting in the Zimbabwe dollar days.

My business there took 2 full hours and I got back to my pickup just as my parking time was expiring. The road was now packed with double-parked vehicles which seems to indicate that quite a lot of Zimbabweans are  paying their taxes. But I do have my doubts that those who really need to pay taxes,  the fat cats, actually are doing so.





Air Zimbabwe – euthanasia required

19 01 2012

The photo on Shelton’s cell phone was unmistakable – an Airbus A320. It was, I was told, parked in an Air Zimbabwe hanger for painting in the national carrier’s colours. Now anyone familiar with the Air Zim saga will appreciate just how daft this is.

At the end of last year Air Zim had a plane impounded at London Gatwick for non-payment of outstanding servicing and spares and was therefore not available for Robert Mugabe to use to go to Kim Jong Il’s funeral (word has it that he was not pleased). The same had happened in Jo’burg a bit earlier with another aircraft. The planes were eventually released and now Air Zim doesn’t fly to either of those destinations –  presumably they still owe money. It is a bit restrictive just flying in the sub-region and cannot be remotely profitable. Shelton is junior aircrew and has not been paid for 8 months. One can only imagine what the other staff are owed and here we are with two purchased Airbuses. Oh, and they are not remotely new either so are not going to be cheap to run. Really, how IS this going to make any difference to Air Zim’s misery? It is time to do the right thing and put the whole sorry mess to sleep.





DIY and the humble cork

15 01 2012

I admit it. I do like my wine. As I type this I have a nearly finished glass of a nice heavy cabernet-shiraz by my elbow. I’ve also found a nice sauvignon blanc and I’ve bought a box (6 bottles of it) which is nice during the day – drunk very cold. I don’t have and expensive lifestyle so I think I can justify this indulgence and I am certainly not a wino. I think that must be an Australian term; they like to add an “o” to words. Wino, smoko, hobo, drongo. Dingo. Anyway, I like to keep the corks that come out of the bottle though these days there seem to be a lot of screw tops which sort of degrades the romanticism of pulling a cork. And of course it does not help the Portuguese cork-oak industry. Who am I to care about any of that? I inevitably drink the wine by myself. I do like to keep the corks. It’s not evidence of my drinking prowess and I am not a fisherman of any distinction (I prefer fly-fishing) so I guess it must be a squirrel syndrome thing for which Zimbabweans are famous. Years ago I came across an old car shock absorber whilst cleaning out the garage before a move. It was a car that had long since changed hands and it was obviously a used item but who knows it might have been useful for – something! Behind me on the dining room table is the not so old computer that was struck by lightning whilst I was away over Christmas. It has wires, fans and heatsinks that must be useful for something. And I am sure I can find a use for the case.

The shower attached to my bedroom has been malfunctioning for some months now. The cold is at best a trickle when the water pressure is high and frequently just a dribble. I really enjoy my showers. Yes, a bath is a good thing once in a while when I am cold or tired but a shower – it’s invigorating in a way that a bath can never be. Now the hot water for the shower goes through a pressurized heater that holds little water but is adequate for a shower. The thermostat doesn’t work that well. In Zim dollar days it stopped working altogether and rather than fork out a small fortune for a new one I had a go at fixing it. Now the water varies between scalding and tepid; mostly scalding. Trying to have a shower with a dribble of cold water and plenty of scalding hot is no fun or satisfaction at all. (I must refill the wine glass).

I pondered the piping system – both hot and cold come off the same pipe just near the water heater but why the cold supply was so poor was a mystery. Obviously it was blocked but with what I couldn’t think. I took the cold tap apart in the shower and poked a piece of heavy nylon line back into the pipe but there was a bend and the line would not go around it. Then earlier this week I had a brilliant idea – compressed air! But I could see that the air gun on my compressor would not fit into the pipe in the back of the tap which was much too large. The the REALLY good idea occurred – I would use a cork! Carefully selecting 2 corks out of my horde of 44, I drilled a 10mm hole down the centre of each. Then this morning I enlisted the help of the gardener to get the compressor into my bedroom. I ensured that all taps were closed in the house, unscrewed the problem cold tap in the shower and opened the cold tap in the nearby basin. Pushing the nozzle of the air gun into one side of the hole in the cork I then pushed the cork onto the end of the pipe in the shower and squeezed the trigger of the air gun. Water sprayed from the basin tap all over the bathroom floor.  I removed the cork and airgun and filthy water dribbled onto the shower floor (I hope that whatever was causing the blockage was inorganic) and repeated the process. Success! I now have a fully functioning shower!

Now the admission of guilt. The best cork for the purpose was not cork at all. It was one of those compressed spongy plastic things.





The house that Morgan bought

9 01 2012

I have seen the house that Morgan Tsvangirai bought and I am not pleased. It is a multi-million dollar mansion on Kew drive in Highlands, Harare. As prime minister in the GNU (government of national unity – a contradiction in terms if ever there was one) he simply does not earn that type of money. Even if he did get a mortgage. This does not make me think that if he ever does get into power that the corruption and pillaging of the nation’s resources will stop or even diminish. Yes, at the last election I did vote FOR him and his party, the MDC. At the next one I will vote AGAINST the incumbent, Robert Mugabe, and his party, ZANU-PF.





The fairest Cape

4 01 2012

It was quite a “culture” shock getting back from Cape Town on Friday. Back to the dirty streets, potholes, melies growing on the verge and plastic bags and polystyrene lunch boxes EVERYWHERE! Cape Town is still clean and well run. To be sure the crime is a serious problem but after 2 weeks of unwinding I was thoroughly relaxed. The weather was good as one would expect at this time of year though the wind got a bit tedious it lived up to it’s more pleasant moniker (Cape of Storms being the other one).

All photos taken with Panasonic Lumix TZ8 compact camera.





Photo oportunity

15 12 2011

I carry my point-and-shoot Lumix around with me most of the time as it’s pretty small and unobtrusive. It’s surprisingly good for a small camera (it has a Leica lens apparently). On Tuesday I was down in the industrial sites getting some reinforcing rods bent to make a small shadecloth tunnel to protect my veg garden from the birds and snails. The factory that did the work was distinctly appropriate technology; “dark satanic mills” almost except there was not a lot going on.

This afternoon I spotted this moth on doorway at work. I didn’t think it would come out that well but I am quite impressed!





Murphy’s Law and flying ants

7 12 2011

They are actually flying termites but everyone calls them ants. When I arrived home this afternoon I parked the pickup and as I got out I noticed a lot of birds feeding off termites that were flying off the drive and grass. They paid little attention to me; obviously the risk was worth it! I noticed a spectacled weaver, bronze sunbird, double collared sunbird, blue waxbill, yellow bellied sunbird, red eyed bulbul,masked weaver and a couple of others I didn’t know. It did not matter what their normal food was – this was definitley a bonus! I decided it was worth getting a camera. Of course when I got back the clouds were obscuring the sun and the flying “ants” had stopped! Murphy’s Law enacted…