Zimbabwe – 4 July 2014

Mugabe threats, white farmers respond
White farmers have reportedly described President Robert Mugabe’s recent remarks that whites must cede all land to blacks as “extremely unhelpful” to Zimbabwe as a country.
According to SW Radio Africa, the Zimbabwe Commercial Farmers Union’s president Charles Taffs said Mugabe’s rhetoric sent a very bad message to potential investors and was not conducive for growth. Bulawayo24.com

High Court ruling escalates MDC-T war
AN interim High Court ruling barring the MDC-T Renewal Team from implementing the Mandel resolutions against a rival faction led by Morgan Tsvangirai has re-ignited the scramble for the party’s assets as well as attempts to oust the so-called “rebel Members of Parliament” from the National Assembly. Bulawayo24.com

Govt rejects securitising minerals for loans
Government has rejected calls by investors to securitise foreign loans using the country’s minerals because it is tantamount to giving away national wealth. The calls come in view of falling revenue inflows and Government’s mulling of some painful decisions to deal with a huge wage bill which takes up to 78 percent of every dollar reaching its coffers.The Herald

Indigenisation: Chinamasa differs with Nhema
FINANCE minister Patrick Chinamasa on Thursday said the government was on track to meet targets under the International Monetary Fund’s Staff Monitored Programme (SMP) and will go ahead with amendments to its empowerment law as part of the reforms.
Zimbabwe began the SMP in June last year but in January this year requested an extension after failing to meet the December timelines. If successful, the programme could help it clear $10 billion in external debts and give it access to new credit from international lenders.New Zimbabwe.com