ON Thursday, like most Zimbabweans, my eyes will be glued on the TV to find out what the acting Finance Minister Patrick Chinamasa have in store for us in his 2009 National Budget.
Both business and ordinary people have expectations but these will mainly depend on whether dollarization will come as part of his announcements of the day.
The major expectation is of the currency.
Like many I would argue that business will only make sense using a currency which is not the local dollar be it for investment or for transacting.
As we all know the ZSE has joined a growing list of institutions that have requested to transact in foreign currency among others such as Asset Managers, schools, farmers, the list is endless.
Listed companies have even gone as far as seeking approval from the ZSE to present their results in US dollars while some like Falgold had seen the light and implemented it. However, like I said this will all be determined on Thursday.
Monday, January 26, 2009
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