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- Journal of Strategic Studies : A Journal of the Southern Bureau of Strategic Studies Trust
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- Volume 2, Issue 1, 2011
Journal of Strategic Studies : A Journal of the Southern Bureau of Strategic Studies Trust - Volume 2, Issue 1, 2011
Volume 2, Issue 1, 2011
Source: Journal of Strategic Studies : A Journal of the Southern Bureau of Strategic Studies Trust 2, pp 1 –31 (2011)More Less
Zimbabwe's agriculture sector has been hit hard by power outages. The country has rich fertile soils and favourable climatic conditions. Agriculture is the back-borne of the Zimbabwean economy. Agriculture is the number contributor of Gross Domestic Product (GDP) 23%; major export earner and employer. It supports the industry through supply of 60% of the raw materials. The cost associated with outages is either direct or indirect. The research used two approaches, the direct assessment and indirect assessment in estimating the total outage cost. The direct cost method result in more outage cost as compared to captive generation method applied. The sample was selected using stratified sampling and the questionnaire was the main research instrument used. From the study it is clear that, power outages resulted in significant cost to the agriculture sector in Zimbabwe.
Source: Journal of Strategic Studies : A Journal of the Southern Bureau of Strategic Studies Trust 2, pp 32 –49 (2011)More Less
The study attempts to model how different factors have been influencing inflation in Zimbabwe from 1975 to 2008. It employs time series econometric methodology to develop the inflation model for Zimbabwe. While the explicit link between current exchange rate and inflation professed by other studies is not refuted, the study finds significant evidence that money supply, expectations about future prices, retarded output growth, government budget deficit, interest rates and lagged exchange rate are the major drivers of inflation in Zimbabwe. However, the study finds no evidence of cointegration of the variables explaining inflation in Zimbabwe.
Author Nyasha KasekeSource: Journal of Strategic Studies : A Journal of the Southern Bureau of Strategic Studies Trust 2, pp 50 –62 (2011)More Less
The research explored the adoption of toll manufacturing by the agro processing industries in Zimbabwe. All literature reviewed indicated that, in whatever way, toll manufacturing was implemented, it alleviated the raw material constraints faced by the industries, contributed positively to plant capacity utilization, productivity levels, employment levels and employee morale. A cross sectional survey was applied across three sectors that constituted the agro industries, namely seed, food and stock feed. Stratified random sampling was also used to sample from the list of companies available for selection. Questionnaires were used to gather information. From the research findings obtained, it appeared that most companies had utilized less than 40% of their plant capacity. As a result of this, they resorted to toll manufacturing for third parties. This research concluded that capacity under utilization was a result of constraints, mainly raw materials and foreign currency hence the need for toll manufacturing. Therefore, toll manufacturing can be used by manufacturing industries with low plant utilization although the evidence is inconclusive.
Source: Journal of Strategic Studies : A Journal of the Southern Bureau of Strategic Studies Trust 2, pp 63 –87 (2011)More Less
This paper is motivated by the recent publication of the amended Reserve Bank of Zimbabwe Act (2010). It is the purpose of this paper to compare the Reserve Bank of Zimbabwe Act chapter 22:15 of the laws of Zimbabwe (2010) with the Southern Africa Development Community (2008) Model Central Bank Law (MCBL). The comparative study will be made in the context of resolving the time consistency problem (policy reversals). The Government of National Unity motivated by the belief that the governance of the central bank was weak embarked on a mission to amend the governing act in order to prevent a recurrence. It is in this context that we compare the Reserve Bank Act as amended in 2010 to the Southern African Development Community (SADC) MCBL of 2008. Our findings were that the RBZ act falls short of the principles enshrined in the SADC MCBL. As a result it may not resolve the trust deficit between the Bank and economic agents arising from time-consistency problem as identified by Kydland and Prescott (1977) and attain the social objective function of price and financial stability.