The thing to do- given the scenario you describe above and Mthwakazi mistrust of Zanu-inspired Homelink - would be for the BCC to roll out its own "HouseLink" for Mthwakazians.

We would then by-pass the Tshabi-inspired scheme altogether, si dealer nabadala direct. Kanjalo, siyovimba!

Uthini?

Skuvethe

Absolutey mfowethu, they should make a revision of that scheme, make it a BCC owned scheme and ensure that ZPF does not put its dirty hands in that scheme to milk our foreign currency and use it in its campaign for the lections or else siyazithengela directly as we have always done and are doing well before this homelink existed.

Mthwakazi asizameni ukudingisisa indaba le yezindlu nxakuvuma sithengeni.Ukulandisa kuzasenza sisale emuva abatshabi bethenga umhlaba wonke ko Mthwakazi.Mina nje sengiphona koBulawayo ngizwe uokuthi kuhambanjani.Ngingezwa anything ngizalazisa.

Skuvethe & Chairman Mthembo are you saying that we are failing to buy stands & houses in our region coz iHomelink is backed my ZPF?If that is what you are saying I'm afraid to say that is not true and you are wrong.I bet my last cent ukuthi even if council started is own homelink service they would not even be an increase in the number of stands and houses being bought by amaNdebele abeTshabi will continue buying them.

Personally speaking what ZPF does with my hard earned forex has nothing to do with me.At the end of the day i want to do is stand up and say i own a house,i own a car,i own that for my benefit whether i aquired it through iHomelink yeZPF, yeCouncil okusalayo i would be a better person kusasa than izolo.As long as silenqondo yokuthi ngizinto zeZPF,zamaTshabi we will loss out and watch them take over our region emini ilanga likhanya.

----------------
"Share your knowledge.It's a way to achieve immortality

Mthwakazi
Abale interest ngama 1acre stands bafowethu bangafonela i housing department ko Bulawayo inombolo ngu 00-263-9-75011 ext 2019.Bathe okwamanje akhona e Parklands.Uma usemazweni uyathumela izihlobo i power of attorney ukuze bekuthathele i form yoku register.Intengo yi 57 to 97 million zimkwacha.You pay half deposit.Thats a good deal.Bathe okweHomelink scheme abakakhulumi ngakho.Okunengi lizakuzwa emawofisini lingafona baka Mthwakazi.

Hlathi

What you probably do not know yikuthi abantu bakaMthwakazi in the diaspora having buying and continue to buy houses like nobody's business well before this ZPF homelink, where they are plotting to benefit from our hard earned currency!

The problem yikuthi abantu they think abantu have not been buying houses ekhaya, till this homelink ZPF scheme! The opposite is true. I know many many Mthwakazians who have been investing in housing home.

Some of us started long time ago and we do not need to go via this ZPF homelink scheme esokucathamela izimali zethu.

But then we can not prescribe what is best for you. Lalowo lalowo do what ever sees kukahle! If you feel it is good for you to benefit ZPF through this scheme, then do so. But am sure you can buy houses directly with the council without throwing amasheleni akho kuZPF.

True baba Mthembo, yikho kanye ebesilokhe sizama ukukwelekela abanye. Uhlupho bakwethu ngolokucabanga ngesisu sendlala. Isitha sesasifunda sasazi ukuthi thina singamagwala angafuni ukuzicabangela, yikho sebeze becathamela our hard earned forex ngendlela eziphansi kangaka. What is the point in getting those houses if at the same time you are fostering, bolstering and shoring up the entrenchment of a corrupt institution? Why give more facilities and means to your rapist to continue raping you? Mina ngithi vukani Mahlabezulu liyeke ukucabanga ngezisu zendlala. Sesifikile isikhathi sokuthi sisukume sibalwe ekwaleni ukuncindezelwa ngezinto ezincane ezinjengabo Home/House Link.

Lingizwisisise ukuthi angisukanga lapha ebengimi khona, kwelokuthi okapulayo kakapule bakwethu nxa kukapuleka, hatshi ukubimbithela uMthwakazi entweni engelahlonzi let alone security. Kusasa ngemva kokuthenga leyondlu ngemali zezithukuthuku zegazi bengeza bekuthathele leyondlu uzabe useselalo na igazi lokuchitha futhi utshikitsha ishift? Yiyo ingozi engiyibonayo leyo bandla ukuthi ngokungathembeki kwalababantu kungenzeka ukuthi bakuthathele leyondlu ngemva kokuyithenga njengalokhu esikubone sakuzwa emapulazini. Asazi njalo.

Ayihlome bakwethu.

Bakwethu

There is so much talk about foreign currency externalision in Mgaklaland. This is a phenomenon which has now become criminalised by Gono in his insatiable and intensified desire to increase foreign currency reserves for his beleaguered and embattled country. The latest salvo in this direction is the announcement made a few days ago that all mining companies must repatriate their foreign currency reserves deposited off-shore with immediate effect. Needless to say this will further destroy the economic outlook for the country, the most immediate effect will be pandemonium in the mining industry with mining industrialists diving for cover and panicking.

But the more relevant question to laymen like me and you is: what exactly is foregn currency externalisation and how is it manifested in our daily transations? Are we or our families involved unwittingly or unknowingly in these kinds of transactions?
Bafowethu let us discuss this issue of forex externalisation and see whether or not Mthwakazians are affected in some ways. It must be noted that a number of persons and organisations have either been arrested or closed down indefinately on accusations of being participants in forex externalisation. The issue is that most of us who are resident in foreign countries are indeed participants in these transactions without knowing the legality thereof. Let us not be caught with our financial pants below our knees.

Nkosi !

Ngitsho sibili ababambe with those pants down hk hk hk hk Mina angifuni sibili ukuthi ngithi remit my hard earned bhutshi dollar via the reserve bank abangafuni ngi vote. Abangazi ukuthi am a citizen of theirs who is an economic refugee lapha emazweni wallowing in poverty and snow and very lonely disconnected from my home and people. The least they can do is give me a ballot paper to exercise my fundamental right of expression. Maybe my outburst here does not even answer your question directly but ungavele uthi forex, vele ngibona red hk hk hk hk! ZANU PF watched these forex dealings bengenzi lutho for over two years. WHY???

Mabs

I am not saying we should repatriate our hard earned cash back to Mgaklaland, no, iam merely saying let us discuss about the so-called forex externalisation as a way of empowering ourselves with information so that we are not caught off-guard tomorrow by the ever overzealous Gono. Some members of this forum have businesses and organisations which could face the serious risk of possible closure eg Dr Mthuli Ncube's Barbican Bank as a result of charges of forex externalisation being levelled against them. Also as individuals, we might find ourselves in serious difficulties due to lack of familiarisation with the ever changing dictatorial laws of Mgaklaland.

The thrust of my post is that let us discuss this issue as a community and see in what way it can affect us as a people.

Ngingazi njalo Lobs I stand to be corrected here.Botswana was/is positioning itself as a "financial" services centre in the region angithi?? What does that mean for the region and us?? WHat could it mean for foreign currency externalization or is that irrelevant for us........

Mabs


Hk hk hk ngiyakuzwa kancane dade, kodwa ke iqiniso yikuthi Botswana will never be a financial services centre in the region. Even under the auspices of the Botswana based SADC, Botswana is still responsible for cattle ranching etc.
Mabs I think that your question on forex externalisation is a stand alone issue, it is not related to Botswana becoming or wishing or dreaming to be a financial centre in the region.

Qhuba ke eye externalization leyo silalele.

Kodwa hayi kabi Lobs, Botswana is busy ngeze mali eze financial sevices shuwa inviting financial gurus from Washington DC labo beza lapha ukuza kuthi lay outtheir strategy?? What is that all about?? Bengithi ngi externalayize duze lekhaya hk hk

Mabila please slow down, some of us are pedestrian. Please don't talk about breaking the law as a stance when nobody actually understands what law they are breaking.

..........................................

In simpler terms, externalisation is when an institution or individual has exported goods or services but does not bring back the foreign currency generated by the exports in question.
It also boils down to externalisation when an institution or individual exports goods worth millions of dollars but decides to bring back only part of the money generated, stashing the remainder outside the country.

Externalisation can also come in the form of under invoicing.
Under-invoicing occurs when an institution or individual deliberately makes out an invoice reflecting a price that is lower than the actual worth of the exported commodities.
Such an institution or individual has externalised foreign currency and can be prosecuted.

However, when an individual is travelling abroad there is a limit as to how much foreign currency he or she must take out.“If one takes an amount far above the one stipulated, he or she has not externalised but has simply flouted the Exchange Control Regulations,” said Kwesu.

When one buys a vehicle outside the country, paying the dues obviously in foreign currency, such an individual has not externalised but has imported a car, further reasoned Kwesu, adding that it constitutes no offence to import goods.
The police are of the view that externalisation takes place when one unlawfully keeps ‘large’ amounts of foreign currency outside the country.
But how large is large? So if an individual keeps an insignificant amount of forex outside the country, has she or he not externalised?

Assistant police commissioner Wayne Bvudzijena is of the view that externalisation takes place when an individual or institution bypasses the Reserve Bank of Zimbabwe when importing goods.
“When one wants to import goods, the procedure is that such an individual or institution approaches the Reserve Bank to change the local currency into foreign currency and in the process fills papers indicating that he or she has done so,” explained Bvudzijena.

From Bvudzijena’s explanation, one gets the assumption that the institution or individual willing to import does not have the foreign currency hence seeks it from the Reserve Bank.
But, what if that individual or institution has received the foreign currency through Homelink or Western Union Money Transfer the foreign currency from a relative or organisations and opts to import a car, does it still add up to externalisation?

A prominent Harare lawyer has argued that for one to be charged with externalising foreign currency, it all dependency with the source of the foreign currency that the individual or institution has used to import goods.
The theory behind his argument is that a person cannot be accused of having externalised foreign currency if such an individual has used free-funds to import goods.
One can only be charged with externalising foreign currency if such an individual or institution has made use of non-free funds in importing goods
Free funds are those funds gotten either through donations or non-business activities while non-free ones are those funds generated through business activities in a country.
But is it at all possible to prove in a court of law whether or not an institution or individual made use of free or non-free funds when it imported goods?
What really is this ‘creature’ called externalisation and is it permissible to engage in trade without externalising foreign currency in one way or the other?


"Daily Mirror"

Sekusithi dhlwe kancane.

Mina ngisesikolo eHarare, we were addressed once by a guy from the reserve bank.One of the pieces of information asinikeza yona ngeyokuthi each time the "Presidency" goes outside the country uthwala thousands of American dollars for state "protection". Nxa kudingakala ukuthi angaphenduku yiyona mali ayithembileyo leyo. Nxa epheduka he does not account or take it back to the bank!! Ngitshelani ke mina nge externalisation edlula leyo!

Bhudaza

A very good extract that you have quoted above. It goes a long way towards partly explaining this devil called forex externalistion. Even pedestrians like us are now getting a better picture. But my feeling is that there could be other aspects that are left out. Forex externalisation in the Zim context is obviously shrouded in secrecy and confusion as you rightly assert above.

Bafowethu.

Nifundile bafowethu. Ngiyabonga.

Kengibuze, ngoba eze MALI ngiyazithanda kodwa ziyangixaka kancane.

Ngingaba le SAVINGS ACCOUNT in U$ kodwa ise South Afrika from my earnings emsebentini wami lapha e USA, i EXTERNALISATION na??? njalo kulicala na???

Ngingaba le SAVINGS zami e STANDARD CHARTERED ZIMBABWE in U$ from my earnings yi EXTERNALISATION na??? Kulicala na???

Li Zwangendaba.

Zwangendaba


To answer your questions above, where you ask whether maintaining a US$ Savings account in a South African Bank amounts to foreign currency externalisation, the following suffices:

Scenario A

1)You are ordinarily resident and working in the USA.
2)You earn your money in US$
3)You have invested your money in South Africa by depositing it into a Savings Bank
4)The money that you invested into a South African Savings bank was not earned in Zimbabwe.

Verdict: You have not externalised any foreign currency insofar as Zimbabwe is concerned. The money that you invested into your South African Savings Account was not earned from work done in Zimbabwe or from Business run in Zimbabwe. You earned your money in the USA hence it has nothing to do with Zim or Gono for that matter. This is the money that Gono is begging from you guys with his so-called Home-link and Money-Link programmes. In fact this is money that Ndebeles in the diaspora should be using as a carrot and stick to influence policy in their favour in Mgaklaland particularly demand for the much talked about federation.

Scenario B

You ask whether maintaining a US$ account at Standard Chartered (Zim) while working in the USA could amount to forex externalisation?
The following points arise:

1)You are ordinarily resident and working in the USA.
2)You earn your money in US$
3)You have invested your money in Zim by depositing it at Standard Chartered(Zim)
4)The money that you invested into a Standard Chartered bank was not earned in Zimbabwe.

Verdict: You have not externalised foreign exchange in any way whatsoever. In fact you have done the opposite. You have brought into the country hard currency in the form of US$. That is a perfect situation that Gono and his team at Reserve Bank of Zim want. The following example illustrates the scenario very well:

Assume that the estImated 3 million Zimbabweans in the diaspora follow Zwangendaba's gesture and open bank accounts with Standard Chartered (Zim).
Assume further that these exiles send home about US$100 every month. Now mathematically that amounts to US$300 million being sent home (3million x US$100). In 12 months (one year) this results in US$3.6 billion being sent to Zim. This will be a boom for the Zim economy. Zimbabwe would have earned US$3.6 billion per year for exporting nothing!!!!.

That will be sweet music in the ears of Mugabe and his coterie of tribalists.

Bakwethu

Those who are closer to the business community in Mthwakazi (read Matebeleland) is there any organisation that represents business interests called the Matebeleland Chamber of Business or any business caucus that represent the business community in Matebeleland? Are businesses in Matebeleland represented by organisations that are centred in Harare? If there is no such chamber of business representing the interests of business in Matland, then we need to move fast and form such an organisation without delay.

Ubaba uNtombankala labanye bangahle basize ngaloludaba. Otherwise our politics requires that while the likes of Arch Ncube are belting it out in the politico-religious front, the business community must also be seen to be doing something along the lines of pressurising the gvt from a business view point. Is it not a tragedy that this Robber Mugabe's regime has presided over the continued erosion and destruction of industry in Matebeleland in general and Bulawayo in particular. Where is the once famous Cold Storage Commission (ko Storishi to the villagers), where is NRZ, where is G& D? where is the famous "ema nda" (industrial sites) where the likes of Potshoza & Mntongenakudla used to work and were celebrities with their famous speedy bicycles fitted with hooters menacing daily to and from Emandastrial sites.

Mthiyane

Awu mfoka baba, i-Khostorishi seyawa. Yabhidlizwa yindoda yakwaMthwakazi.

Mina ngavele ngathatha ibhayisikili lami ngafulathela immediately after ukuboshwa kwe Manenja, uMnumzane uMadonko. Eish, leya ndoda yasibulalela amatoho wethu. Yasiphuca isinkwa emlonyeni. Leya ndoda yakhwabanisa too much, yadla yaqeda izinkomo zenkampani. Yavele yadla, kwavalwa nenkampani.

The last time I heard ngo-Madonko, he was under 24hr house arrest for his criminal cattle rustling tendencies.

So much for Mthwakazian men being 100% incorruptible, always above board, honest, upright, true and hardworking.

Yisono ngaye!

uMntongenakudla kaNgogwane waKwaDlangezwa
Ngiphum’ ezansi Ongoye
Umful’ engiwuphuzayo – ngiphuz’ uThukela – umful’ osh’ izikhawu!
Ngiyinkwali yenkosi
uMashukumbela
uVeyane
uMtubatuba
umcondo yegusha

Inxangiphilile
KwelikaMthaniya

Bafowethu.

Lobs, that means my (Zim) account will not stand as a forex account??? I need clarity there. Some one explained it differently. I can not see myself killing my own people. My money is converted???

I would rather "Break The Law" and close it down.

Li Zwangendaba.

Baba Zwangendaba

You raise a few items in your post above:

quote:

---

Lobs, that means my (Zim) account will not stand as a forex account??? I need clarity there. Some one explained it differently. I can not see myself killing my own people. My money is converted???
I would rather "Break The Law" and close it down.

---

Zwangendaba, Your Zim Account will stand as a forex account. That is legal and allowed in terms of financial regulations as stipulated by the Reserve Bank of Zimbabwe. As long as you deposit your money in US$ or Pound or Euro or Rand etc etc, the said bank ie Standard Chartered (Zim) is obliged to remit (give) your money to your 5 wives in the currency of your choice ie US$ if you deposited it in US$. But obviously your youngest wife, because she likes shopping in South Africa she might want to receive her share in SA Rands. In this case the situation takes a twist. Now she has to apply for forex and use her US$ to buy the SA Rand.

Look, all this is theoretically true but in practice the situation is very different. The first hurdle that your 5 wives(assuming omunye kabalekanga as yet)will encounter baba Zwngendaba is that having deposited your money directly in US$ into your US$ Account, they will battle to secure the remittace in US$. They will be told that there is no forex available. They could be told to come back next month, and when they do so again they will be told that forex is not yet available. Now the only option they have is to receive their money in Z$. Unfortunately that is the reality on the ground. Now as you rightly state above, despite the fact that you have a valid US$ Account, in which you deposit US$, your 4 or 5 wives will eventually get their money in Z$ after conversion from US$ solely by virtue of forex shortage.Again one must emphasise that the rates paid by banks and other authorised money dealers are very sad indeed. After careful considerations, a lot of people prefer to use the dreaded "black market" where the rates are very much market related. The risk there is obviously the fact that this area is saturated with crooks, racketeers, conmen, dealers and other malcontents who prey on unsuspecting people.

Kindly note that whensoever you decide to close your forex account down, you are not in any way whatsoever "breaking the law". Whosoever decides to prosecute you for closing down a useless account, howsoever they justify it, would be epitomising the lawlessness of Zimbabwe in general and the usury activities of the financial sector in particular.
That is your individual choice, no law would have been broken.

Zinsizwa

Are there any members of the forum who are interested in learning and/or sharing ideas about the interpretation of business news bulletins eg, the interpretation of the so-called FTSE 100 share index (pronounced "footsie" 100, the German Dax, the French CAC, the JSE All Share index, the Dow Jones industrial Average, the NIKKEI 225, the NASDAQ etc etc.
How do these indexes reflect companies share performances and how do they influence economic news. Let us discuss such issues as what infulences exchange rates, interest rates , oil prices and gold price. How do these affect us and our families? Those who are interested can start the ball rolling on any of these issues.

If we can be as fluent and erudite on economic issues as we are on politics, then our nation would have indeed grown by giant leaps into the world of knowledge.

Nceda Nkosi sifunde thina mpumputhe hk hk hk

Esami isandla sesisemoyeni!

the price of commodities you mentioned above lobengula, like oil and gold are affected mostly by the climate currently surrounding the areas where they are produced.Khangela i oil recently was trading at almost US$55.00 a barel becoz of impi ze Iraq lezi and THE UNSTABILITY of the middle east.Some OPEC(Org of Petroleum Exporting Countries)are producing less oil than they can there by driving prices up.I Nigeria is member of these OPEC yaba lama problems of ethnic fighting there by reducing the amount of oil production per day which will obviously drive prices thruogh the roof.The stock market reacts to all the factors resulting in a rise or decrease in the price index.My knowledge is quite limired,but this is an interesting discussion,i will try to dig deeper and find out more about this topic

This is a good subject, I did notknow that I can learn a lot lapha. Lobengula keep the fire burning mnumzane. Kuyabongeka, I just read one or two contributions hatshi ezomkhonomi liyazenza sibili. Ngike ngabala about someone's FCA, I think regarding to ama FCAs, they can withdraw their monies without any problems, its an issue of ukuthi someone will just go to his/her bank and tell them to prepare a bank draft of soo much without getting any authorisation from the reserve bank. Lapha akunankinga ngitsho and you will not be told that there is no forex because the forex iyabe ikhona kuaccount yakho. In preparing the draft, your bank, in this case StanChart will debit their Nostro account angazi whichever bank they bank their forex (USDs0 with so its not a problem. If you have an FCA lezinsuku akunankinga, you can liquidate it anytime.

I like the subject i mean ezdemali Lobengula akusichathekele nge Footsie 100 leyo sizwe.

Mnumzane Lobengula

Ekubaleni kwami izindatshana ezehlukile, ngithole ibala elithi Euronnext.liffe ungangichasisela ukuthi yintoni njalo kwenziwani lapha. Ngikhanya ngiyithandile indaba yakhona kodwa angiyizwisisa nga ukuthi kwenziwani mhlawumbe ngingathola umuntu ozakubeka nge layman's language kungabangcono.

Ngiyabonga

Bafowabo

Those of us who want to indulge a bit into financial issues will find this discussion interesting. We have to start with the so-called stock market indices (indexes) and we will begin with the more famous ones like Dow Jones Industrial Average, FTSE 100, S&P 500, the German DAX, the French CAC 40 and the NASDAQ in the USA.

The Dow Jones Industrial Average is a stock market index that is computed by summing the prices of the stocks in the average and then dividing by a constant called the "divisor".

What this means is the that stock prices of a total of 30 leading US companies (eg Microsoft, 3M,Coca Cola, Exxon etc) that make up the bulk of listed companies in New York Stock Exchange are totalled (summed), and then calculated into an average. This average becomes a benchmark (index), at which any stock price gets measured against.
In simple terms what this means is that the Dow Jones Industrial Avarage is the average performance of the 30 biggest companies in the USA. How these companies peformed is used by the market as a benchmark measure to pronounce on whether or not the markets are doing well!!!.

The Footsie 100, works in exactly the same principle, only that 100 top UK companies are used to gauge the average perfomance in the London Stock Exchange.

In Germany, the German DAX is used to measure the performance of shares at the Frankfurt Stock Exchange, again using a collection of leading German companies like BMW, Bayer, VW etc etc.

In France the French CAC 40 is used. Again a collection of 40 French companies are used to get an average peformance of their shares. THIS then becomes the index or benchmark to measure the French stock prices (share prices).

The Standard & Poor's 500 also uses the same principle except that it takes 500 US companies into a basket and works out their share perfomances and then construct an index. In the US there is an index that is devoted to technology companies only and it is called the NASDAQ.

In South Africa, the Johannesburg All Share Index is used to aggregate all listed companies share performances and that is used as a benchmark for all SA listed companies. In Zimbagwe or NguluMthwaGwe as Inkundla members prefer to call it, the Zim All Share index is used again aggregating all listed companies share peformances and using that as an average index.


Now in your news report in the evening, you are told about how these indexes (indices) performed on that particular day eg the Dow Jones lost 2%, the Footsie 100 gained 3%, while the French CAC 40 was down 4% on the back of a French No Vote on the EUROPEAN Constitution.

In NguluMthwaGwe, the Zim All Share Index lost 9% on the back of Mugabe's unprecedented attack on the farming community and industrialists.

These are your typical business news stories.

Add to that a few items like Gold Price, Oil price, Currency Exchange rates etc etc. These are influenced by the performace of stock markets as described above.

Asiyibekeni lapha for now bakwethu!!!!

Lobs
Good stuff. Woza lazo mfowethu, kuyabukeka

Good stuff indeed.

So mnumzane Lobengula. I think we now have an idea about this indices and the stock markets which are there can you like educate us on what exactly happens in those stock exchanges, are they physicall structures or they do not have form they are just wireless like the internet.

If someone tells me that istock exchange ngamakhasi will thet peson be lying or there is an element of truth in that statement.

How do I join these so called JSEs, ZSEs, LSEs NASDACs if kuyikuthi ziyajoyinwa. I think this is where sisilela khona as Mthwakazi. Uyazi we want to see the Buffets bako Mthwakazi educate us maybe thina mpuphuthe singavuka sesiwatshayile amakhasi emakethi.


Is it Godly to trade in the stock exchange??? Ngamakhasi phela?????

Asazi phendulani sizwe

Msupatsila

To directly answer your question relating to Euronext the following will suffice:

Euronext is an exchange where financial instruments are listed and traded. It is therefore essentially a market facility just like a stock exchange. Derivative products like options, swaps, money market instruments, futures and forwards are bought and sold at or via this market.

Euronext offers a range of integrated services including the listing of financial instruments, trading in securities and derivatives, clearing through its associates, netting and settlement through its subsidiaries . In other words Euronext, offers a facility where traders in financial instruments can do business by offering these services at an integrated facility.

Euronext bought LIFFE, the London-based international derivatives market, and in the process became the largest derivatives market in the world, second only to the Chicago Board Of Exchange in the USA.

Msupatsila to put it ngolimi lweNkosi uMzilikazi, iEuronext ifana loMkambo (eMakokoba) lapho okuthengiswa khona izimali (Dollars, Pounds, Kwacha) njalo kuyabolekwana izimali lapha , kulabo matshonisa, kulabathengisa amabonds njalo njalo. Into ongeke uyithole lapha ngabathengisa ngokomzimba (ladies of the night) hatshi laba ke abekho nsizwa yakithi. Yindawo nje yezikhulu zithengisa, ziboleka, njalo zixubanisa izimali, wonke umuntu efuna eyakhe izale njalo yande okwedlula eyabanye.

Ngingatsho ukuthi it covers the whole of Europe, with centres in Brussels, London, Amsterdam , Paris kunye lase Frankfurt.

Msupatsila

Stock exchanges are indeed physical and they have a physical address. The New York Stock Exchange is located at Wall Street, New York, The Johannesburg Stock exchange is at Fredman Drive, Sandton, the London Stock Exchange is at Throgmorton Street, London.

Now if you want to buy and/or sell shares at the stock exchange you need to contact your stock broker. The stock broker is authorised by law to do this on your behalf. You merely pick up a phone and tell him, that you have US$100 and you want to buy shares of Anglo American. He will do so on your behalf and ou can then be a proud owner of Anglo American shares , hence a shareholder in the company.
Remember when you buy something, you need authenticity and validity of the product etc etc, the broker does that on your behalf and you get presented with a share ownership certificate once the transaction is concluded. Of course the broker charges you a small commission for all the work done.

As to whether buying or selling shares is equivalent to "amakhasi", this is a bit far fetched. It is equivalent to saying if you buy 10 cattle (shares) at US$100 each now equal to US$1000. And you hold on to them until next year and decide to sell them in 2006 at US$200 each due to high demand for beef. Now you make US$2000.
Inversely, while you are still holding on to your cattle, you face the risk of losing all of them if they are killed and eaten by amakhanka or if they all die due to mad cow disease or anthrax.

That is where "amakhasi" part comes in. You are holding shares of Hunyani Holdings, an Agro-based company that owns land in Zim. Mugabe expropriates the land leaving Hunyani sharehlders holding worthless paper. Or you are holding shares of Enron or Worldcom, thev company collapses due to mismanagement, you lose all your investment. That is essentially where "amakhasi" come in.

But you could be holding shares of an oil based company, like Exxon, the oil price shoots up to US$50 a barrel , surely you gain a lot due to the oil price appreciation!!!!.

Mfowethu Lobengula.

I thank you very much for the answers you gave, kodwa you seem to have negotiated your way past the question of amakhasi in such a way that the aswer is not very clear. Lets just leave it. What is the risk involved in this business. Just look at the Manchester United Malcom Glazier case or any other cases that you might know. As a person holdin a tiny % do I benefit when the Malcom Glazers of this world announce a hostile take over?


Lets forget about the top part of this contribution, bengifisa siyilonde kakuhle indaba yomkhambo lo owezimali. Right I go to my brocker and ask him to buy me Old Mutual vele what do I consider when buying these so called shares. For me to say yes yes this is a good buy what do I consider or where do I get the information (good information) Remember financial analysts are not good at providing such information, some analysts up to the day when Enron went bankrupt, were telling the public that Enron is a good buy. After that hantsho in the States now anlysts can be taken to court angazi mhlawumbe ngibale kubi. Qondisa. If you give like sources of information I can use to see ukuthi, myep this is a good buy and ngingathenga njani ngingathaba kakhulu. The other thing kanti vele kuvela ngaphi ukuthi ngiyathenga my shares at £3 lamuhla, kusasa evuke eseku £5 kumbe eseku £1.50. OK BESENGIKHOHLIWE KANTI NGIVELE NGINGUMZIMBABWE NGINJE, NGINGATHENGA NA EMKHAMBO WE GOLI (JSE) KUMBE OWE LONDON (LSE) ETC

Lobengula we need people like you in this forum. MAKING MONEY MAKES SENSE

Msupatsila

Wahle wangena ngayo ngempela ekaMalcom Glazer involving his take over of Man United.

To begin with let me provide you with the following facts relating to this deal.

Manchester United is valued at 790.3 million Pounds (US$1.46billion). Malcom Glazer, a US sports tycoon, offered an unconditional 3Pounds a share and henceforth bought up to 75% of the club, paying about 593 million pounds in total to the current shareholders who saw it fit to sell their shares at that price.

Glazer who hitherto (already) owned 28% of the club, effectively bought 29% stake from two Irish shareholders (JP MacManas & John Magnier)and acquired the difference from other minority shareholders. This then resulted in him owning about 75% of the club, thereby becoming a major shareholder with controlling powers by virtue of his majority shareholding.

Now the question which arises is: Was Mr Glazer right in acquiring Man United? The answer is yes. Man United is a listed company , listed at the London Stock Exchange. Its shares are floated daily at the exchange with current shareholders either buying or selling their stakes at Man United trying to cash in on price differences. What Glazer did is a normal business transaction, that either me or you could have done if we had the necessary resources.

You must remember that the two Irish shareholders who sold their stakes to Glazer made a profit of 80 million Pounds.

Now, look at it this way: Glazer poured in his life time investments of 593 million pounds to this deal (Man United) expecting to make more money, ie, returns. In terms of risk (which is clear & present) what if Man United are relegated to lower divisions and fans stop attendind its matches. What if Man United loses its colour and becomes an ordinary substandard club if Sir Alex Ferguson quits or it loses our very own Quinton Fortune?. These are serious risks that Glazer must stomach despite putting his money. Saw one must look at it from a risk point of view.

Msupatsila, the issue here is that the whole deal amounts to foreign direct investment. Here is a businessman, a serious investor, Glazer putting over half a billion pounds into Man United. Isn't that good?

Incidentally, here in South Africa, just last week we witnessed the biggest foreign direct investment since the fall of apartheid. Barclays Bank (UK) bought 60% of ABSA Bank, South Africa's largest bank, paying well over 33 billion Rand (US$5.5 billion). ABSA ironiacally owns the Zim based Commercial Bank of Zimbabwe which was headed by Gono prior to his move to the central bank.

Can you imagine if Glazer had poured that kind of money to Bulawayo Highlanders. What would have happened to Barbourfields? Would you still have the scotched earth sitting arrangement at the Soweto stand? Surely a high-tech luxurious stadium would be erected. Luxurious bars and restuarants would be erected all over around BF. Mzilikazi, Makokoba and BF would be like Old Trafford Road in terms of infrustructure. Do you think that we will be having endless appeals for money from the likes of Tshisa appealing on behalf of bosso due to its endless financial problems?

The problems with clubs like bosso is that they are run like social soccer clubs (which in fact is what they are) and not like businesses in the lines of Man United or Real Madrid. They are not listed at the Zim Stock Exchange. Its shares are not available for purchase by its millions of die-hards supporters. You can imagine if bosso decides to model itself as a private or public company: issue shares to the public, say issue 1 million shares at Z$200 000 a share, that translates to total revenue of (1 million X $200 000) about Z$200 billion if the shares are fully subscribed by possible shareholders (local and foreign). And if bosso does not decide to do so, time will condemn it being a perpetual small outfit. The bottomline is that foreign investors have a positive impact on any company as demonstrated by Abramovich at Chelsea FC which only managed to win the League once in 50 years. Chances are that it would not have won it in the absence of Abramovich and Jose Maurinho.

At least in South Africa the picture is changing with Kaiser Chiefs for example being now a propritary company owned by among others, Primedia, the newspaper giant.

Msupatsila, what causes shares to move up and down is simple.
I will use an imaginery Mthwakazian Company called Victoria Falls Ltd whose business is managing the Vic Falls, deriving its revenue (income) from tourists who visist one of the seven wonders of the world, Vic Falls, in their millions. Let us say its shares are currently trading at US$5 a share. This price is considered very low by virtue of low visitors that are currently visit the Falls, high risk of political violence, lack of democracy, high taxes, distorted exchange rates, etc etc.

Now if by a feat of luck, MDC wins the election and a new president is sworn in. He overhauls all the bad laws, reforms the gvt, invites all exiles, asylum seekers, refugees etc to come back home. He democratises the country and stop lashing out at the West but invites them to come and invest in the country or visit the country as tourists.

Now all of a sudden there is a stampede at Vic Falls with formerly exiled Zims, foreign visitors, dignitaries, honeymooners(Mabila & her American husband from Harlem),Our Royal Highness Cde Potshoza from the Royal Leamington Spa with his Ethiopian sweetheart, our very own Bhudaza with his imported traditional healer girlfriend from Nigeria. All these people are paying to view the Falls and they book at nearby hotels also owned by this Vic falls Ltd company. Everyone is enjoying themselves: honeymooners are doing their morning glory overlooking the splendour and awe of the mighty Falls!!!!. His Royal Highness has relaxed his normally stiff-upper lip, over-awed by the glitz and glamour of the Falls on the background. With all these people, business will be booming at Vic Falls. Now what do you think would happen to the share price of Vic Falls Limited? Will it remain stuck at the price at which it was trading during the Mugabe era? No ways. The share price will most likely jump to US$10 a share. Now this must be a very good down to earth illustration without all the unnecessary jargon and financial technicalities. Equally if some aggressive foreign power decides to bomb and destroy the Vic Falls, it follows that Vic Falls Ltd will go bankrupt since no one will bother to visit the ruins thereafter.

Lobengula




Mfowethu ukuchasisa uyakwazi sibili. Kodwa is it possible for the subject to be taught in our language sindebele, is the answer is yes the how do you explain some of this financial jargon. I think this has to be taught at grassroots level so that kids will grow up knowing all these things rather that ukuthi you start being concious abt these things at University or vele you die ungazazi. If I was the Minister of Education I was goin to scrap of the ZPF history and introduce business studies at lower levels.

Thanx you very much.


What type of companies should I buy lets say I am in Zimbabwe where inflation levels can go up to 800% and where devaluation is a reality. I see we have companies like the insuarence giant Old Mutual, we have the Sout African cement company is it advisable to buy those counters? Infact in buying these so called shares what do I consider or its an issue that I just wake up and say I want to buy Cottco in Zimbabwe or I want to buy Colcom or there is some analysis which is supposed to be done. If there is some analysis then just give us the process flow mnumzane Lobengula. Once again thanx you very much for informative responses.

Lobs
Ngicabanga ukuthi ngabe uyasonta wena ngabe usonta izayoni noma one of these charaismatic churches, ngisho phela ngoba ukhuluma in tongues, angizwa lutho kulokhu okulobe ngaphezulu, it just sound like nice music to my ears, but i don't understand a word. Hk hk hk, bekungaba njani ubhale ngesiShona, uthi bakomana namadzimai imari ..........kanjalo kanjalo.

On a serious note, i really appreaciate the knowledge you dish to us free of charge.

Ariel Sharon lawe Sibamba

I coudn't agree with you more zinsizwa zakithi. Yes indeed these issues of finance, economics, investments and derivative transactions can and need to be discussed in our very own mother tongue siNdebele.

Ngamafitshane ngithi we need to start doing that khonalapha ekhaya. Izintombi kunye labasemzini bazasihlonipha only nxa bebona thina amajaha omkhonto sixoxa njalo sixukuzisa ugebhezi mayelana lezezimali ngaso isiNdebele.

Mina ngithi from now onwards I will be in the forefront of Ndebelising some of these issues.

Uyazi I think our vocabulary is to shallow but we can borrow some words from the RSA Zulu. In isindebele, you find it difficult to write a paragraph using Ndebele without any adulterated words especially when we talk of items which are a result of science. Talk of the radios, we know it as iwayilesi. Considering that things like wirelesses do not have a common Ndebele word, what about things like Derivatives. What can you call a derivative in isintu?

Asiqaleni khonala ukunikeza amabizo entweni zomkhonomi lezamabhizimusi. What can you call these things:

Balance sheet
Profit and loss account
Cashflow statement
Assets
Fixed Assets
Liabilities
Goodwill
Research and Development
Capital
debit
credit
How can you explain an accounting entry i.e. for every credit there is a debit


Kufuneka igama elilodwa or just two words or few nje

Ngibona umbuzo wami waswela impendulo hatshi ngilokhe ngimelele. Ncedani bo

Msupa

Perhaps you need to analyse the balance sheet of life first:

Balance Sheet Of Life

Our Birth is our Opening Balance
Our Death is our Closing Balance
Our Prejudiced Views are our Liabilities
Our Creative Ideas are our Assets
Heart is our Current Asset
Soul is our Fixed Asset
Brain is our Fixed Deposit
Thinking is our Current Account
Achievements are our Capital
Character & Morals, our StockinTrade
Friends are our General Reserves
Values & Behaviour are our Goodwill

Patience is our Interest Earned
Love is our Dividend
Children are our Bonus Issues
Education is Brands / Patents
Knowledge is our Investment
Experience is our Premium Account
The Aim is to Tally the Balance Sheet Accurately.
The Goal is to get the Best Presented Accounts Award.

Lobs

Lobs

Ngiyathaba kakhulu ngalesi sahluko senkundla. Ngilombuzo mfanakithi. Ngizothola ezikhatini ezinengi engiphongu sebenzisa imali njenge sela. Ngithi ngiya phaphama ngibone, ahh angisela nex. Ngingabona into enhle ngihle ngizwe inhliziyo isithi ngiyithenge, okunye kwakhona kucina kubola endlini ngingakusebenzisi.

Kukhona na iprogramme engingayenza engangenza ngibe le discipline ekusenbenziseni imali? Ngile nkinga, yomusa njalo mfowethu, ngenzeni ukuthi ngenze lowo oboleke imali, ukuthi ayilethe ngesikhathi esiqondileyo, kodwa nginga zange ngimbophise?

ngizwe omunye ujaha esithi, kungcono sihlanagnise imali, siyonge besesithenga izindlu, sifake ama loja azabe ethela inyanga zonke. Yi investment ele ngqondo na mfowethu? Ukuze nginga qilwa kumele ngenzeni?

Dok

Ngempela ngumbono omuhle kakhulukazi ukuthenga izindlu kwaBulawayo ufake amaloja. Khumbula mfowethu ukuthi indlu is a "fixed asset" whose value appreciates over time. So indlu is a very wise investment, far much better than keeping money under your mattress. Khumbula Dok ukuthi in 2000, a house in Burnside was priced at Z$200 000. Today the same house is well over Z$400 million. Now if you had Z$200 000 in 2000 and decided to bury it under your mattress, today the same money can only be enough to book you and your Rwandan Tutsi girlfriend a one night bed(no breakfast) at Manor Hotel!!!.

However the same house you bought in 2000 for Z$200 000 would have earned you monthly rental income from the loja (say you are renting it to the Duke of Leamington Spa Cde Potshoza and he is paying in Pounds say GBP 50 Pounds a month). Over 5 years that gives you (50Pounds x 60 months) GBP 3000 Pounds, converting that at today's exchange rate of Z$50 000 to 1Pound, works out to (3000 Pounds x Z$50 000)=Z$150 million.

Now in simple terms you would have earned Z$150 million from your royal loja Duke Potshoza. The story does not end here, you still have your property at Burnside, it is still owned by you and it is currently valued at Z$400 million. In other words if you decide to sell it to the Duke because now umfazi we Tutsi usekudlisile awusafuni ukubuya ekhaya eMagwegwe West, then you can immediately realise a sum of Z$400 miiliom, which you could add to your Z$150 million rental fees.

Your question relating to the ease at which you dish out money to the Tutsi women in East Africa is a tough one for me Dok. I think that the solution is to resort to our tried and tested Ndebele custom of being "ompondo kayintshintshwa". Get rid of credit cards, petrol cards, check books, ATM cards etc and put a few coins ku vethina (you know that little pocket between your trousers' zip and side pockets) or just put your money emasokisini and refuse to take it out under what ever circumstances. Nxa ufika ku braai just buy inyama encane eye one shilling njalo uhambe uphethe itswayi lakho kunye le bilebile (chillies) lakho to avoid buying these.
Hawu lapho ke you will have lots and lots of bucks baba Dok!!!!. But be careful, you might lose the Tutsi lady!!!!

I thank you mfowethu Lobs. Consider what you have said to be a revelation to me and taken seriously.

Lobengula

Uyazi its nice baing around people like you.

Ngake ngabala olunye ugwalo oluthiwa Rich dad, Poor Dad elika Robert Kiyosaki, insizwa yakhona ichasisa iinvestment ngendlela ehlukile, uyala yena ukuthi indlu is a good investment kodwa ma uyichasise ngale indlela ngibona kusengathi lapha indlu isuka ibe yi investment entle sibili. Mhlawumbe mina yimina engingam'tholanga kuhle

Kuyabongeka mnumzane. Umsebenzi wakho ukholise

Taking into account the turbulent economic environment in zim, the investment in property is surely wise. I do not know whether the "Mulamba-***** Operation" will end up affect those investments through careless demolition.

Sibamba

Indeed, 100%. This operation Muramba***** (I do not know why Sibalukhulu censors this word when abeTshabi use it without censure)will have a catastrophic effect on the economy. Not only do we already have a 40% recession or contraction of the economy but we also have a run away hyperinflation that is eroding people's savings, depleting their retirements endowments, undermining their pensions, vulgarising their fixed deposits, subjecting ordinary citizens under a back-breaking debt burden. Add to that the army of unemployed youth, adults and pensioners who have been reduced to being paupers in their own country, a country that they worked so hard for during their able-bodied years (the baby-boom generation). Unemplyment sitting precariously at more than 80% now with the destruction of small and medium enterprises.

The one and only effect of this dreaded operation of forced removals, destruction and erosion of small businesses is a fatal and suicidal action by a clueless gvt. The small and medium business operators will simply move their businesses to neighbouring Mozambique, Zambia, Botswana & South Africa. Talk about job creation in those countries. Mugabe is the most stupid leader to emerge out of modern day Zimbabwe.

Murambasina murambat***** murambama*****, umahluko ungaphi kodwa, kulabo abaziyo, akelisazise, mina ngizwa kungani kuyafana nje. Angazi njalo.

Mhlawumbe okunye kwakhona yinhlamba.