Mpumelelo MkhabelaZimbabwean novelist Tsitsi Dangarembga holds a placard during an anti-corruption protest march along Borrowdale road, on July 31, 2020 in Harare.
The behavior of the rand, South Africa’s currency, in the late 1990s and early 2000s, tells the sad story of Zimbawe’s economic demise. Whenever adolescent war veterans had violently evicted farmers and raided farm houses, South Africa’s currency would tank.Whenever there were signs of political stability, the rand would accordingly appreciate and stabilise. Mugabe, the war veteran-in-chief, also influenced the value of our currency.
Secondly, it was used to dissuade skeptical investors not to put South African and Zimbabwe in the same political risk basket. What was happening in Zimbabwe, so it was said, would not happen in South Africa. South Africa had a strong Constitution, so they said, as if Zimbabwe had never had one. Zimbabwe had lost economic weight in relation to South Africa. At its height, Zimbabwe was home to a number of foreign companies that were also invested in South Africa.
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