Zimbabwe President Emmerson Mnangagwa addressed the nation at this year’s 2019 State of the Nation Address which he acknowledged deepening poverty in a country that has seen record inflation, rolling blackouts and cash shortages. Joseph Busha, Managing Director, JM BUSHA Investment Group and Batanai Matsika, Head Of Research At Morgan & Co joins CNBC Africa to unpack some the key issues that the president looks to tackle.
Although Zimbabwean finance Minister Mthuli Ncube has taken on the task to turn around the Zimbabwean economy, the inflation rate is still on the rise. In June, inflation in Zimbabwe hit a high of 176 per cent .This was due to currency issues and the ongoing drought which threatened the countries food security. So is there hope for the crippling Zimbabwean economy? Nathan Hayes, Analyst at The Economist Intelligence Unit joins CNBC Africa for more.
Batanai Matsika, Head of Research at Morgan and Co joins CNBC Africa to look at movements shaping the Zimbabwean market space.