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Lonrho to gamble £100m in Zimbabwe fund

 
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HenryTo
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PostPosted: Wed Jun 06, 2007 10:25 pm    Post subject: Lonrho to gamble £100m in Zimbabwe fund Reply with quote
The ultimate indicator of "too many fools with too much money and too much time on their hands":

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=GOONHIT2SE5EBQFIQMFSFFWAVCBQ0IV0?xml=/money/2007/06/07/cnlonrho107.xml&DCMP=ILC-traffdrv07053100

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Despite the scale of the crisis, foreign investors are queuing up to take a position ahead of any post-Mugabe regime. Mr Lenigas believes he could raise much more than £100m but would struggle to deploy the funds. "Collins Stewart [Lonrho's broker] said it had never seen such a response to a concept. The phones are running hot," he said.
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rffrydr
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PostPosted: Wed Jun 06, 2007 10:32 pm    Post subject: Reply with quote
Just announced inflation had "risen" from 1500pct to 1700pct. Most Blair induced donor promises to Africa have not been honored--wonder what they know Idea
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HenryTo
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PostPosted: Mon Jul 09, 2007 9:44 pm    Post subject: Reply with quote
One last desperate attempt to control prices. I guess if Zimbabwe is going to go down, it is going to take everyone down. Note that this latest attempt is going to accelerate the inevitable:

1,300 businesses in Zimbabwe fined for refusing to slash prices

http://www.cnn.com/2007/WORLD/africa/07/09/zimbabwe.prices.ap/index.html
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diesel
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PostPosted: Sun Jul 20, 2008 7:08 pm    Post subject: Reply with quote
Zimbabwe to introduce $100 billion note

http://www.nzherald.co.nz/section/2/story.cfm?c_id=2&objectid=10522677
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rffrydr
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PostPosted: Sun Jul 20, 2008 10:56 pm    Post subject: Reply with quote
Time to check the numbers:

http://www.marketthoughts.com/forum/how-much-is-a-trillion-t8376,highlight,trillion.html
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