SOUTH Africa’s leading business moguls and academics gather at the University of Witwatersrand’s Business School next Friday for a potentially fired-up business breakfast
scrutinising Zimbabwe’s economic and political malaise.
This is the first sponsored event in the prestigious campus’ history.
Trevor Ncube, publisher and chief executive officer of the Zimbabwe Independent, the Standard and the Mail & Guardian in South Africa will address the gathering.
His topic is “The crisis in Zimbabwe. Any lessons for South Africa?”
The event comes as Zimbabwe’s inflation continues to bash record levels and now stands at 364,5%; there is no fuel, insufficient electricity, water, and, basic consumer items are unavailable in major supermarkets.
The consumer items are however only available on the parallel market at exorbitant prices.
A serious cash crisis and food shortages have also gripped the country, once the blue-eyed boy of the West and food basket of southern Africa.
The cash shortage has resulted in customers failing to get their hard-earned wages in banks and building societies countrywide.
Since the introduction of the controversial fast-track land resettlement programme two years ago things have changed for the worst in Zimbabwe.
A World Food Programme report released last week said four million out of 6,5 million of southern Africa’s starving souls were in Zimbabwe.
The same individuals, who admired him, now label President Robert Mugabe who received a standing ovation when he entered the United Nations in New York in 1980, a “dictator” and much worse names.
Mugabe, however, says he is being demonised for giving land to disadvantaged peasants.
The Commonwealth led by Australia and the United Kingdom booted Zimbabwe out of its association after accusing the 79-year-old leader of worsening the country’s economic and political situations.
Ironically Zimbabwe once hosted the Commonwealth Heads of State and Government Meeting (Chogm) in Harare.
The European Union and USA have even banned Mugabe and his government officials from visiting their countries.
This and other burning issues are expected to be covered by Ncube in his presentation.
The University of Witwatersrand is the first African business school to be ranked in the United Kingdom’s Financial Times Executive Education Survey and the breakfast is the premier business campus’ first sponsored event.