Zimbabwe: Too many dealers

Published August 31, 2015 by godshope1971

“This used car business is going down,” Jamu told The Zimbabwean as he anxiously waited for clients in his office in the Kopje area. “People are no longer buying cars as much as they used to when the economy was stable. And there are also too many people dealing in that field now.”
He acknowledged facing problems paying school fees for his two sons who are in boarding school.
“Ironically, I now have to borrow money from other loan sharks and am deep in debt. There was a time when I thought that things would always be smooth for me,” he added.

Jamu, like many other enterprising people in the capital, started his car importation venture just after the government dollarised the economy and got rid of the local currency, which had been rendered useless by hyperinflation that peaked in 2008.

That was also the year when Zimbabwe’s three main political parties, Zanu (PF), MDC-T and MDC-N, came together to form a Government of National Unity (GNU) that helped stabilise the economy and boosted investor confidence. ∞∞∞∞∞ MORE »»»»

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