Full Version: Investing In Zimbabwe
Does anyone know of a fund I could use to invest in Zimbabwe? I have about £10,000 to invest, so I suppose it limits the options somewhat.
QUOTE(IP Newcomer @ Mar 23 2007, 10:18 PM) [snapback]587200[/snapback]
Does anyone know of a fund I could use to invest in Zimbabwe? I have about £10,000 to invest, so I suppose it limits the options somewhat.
you are joking i hope.
QUOTE(IP Newcomer @ Mar 23 2007, 10:18 PM) [snapback]587200[/snapback]
Does anyone know of a fund I could use to invest in Zimbabwe? I have about £10,000 to invest, so I suppose it limits the options somewhat.
Machetes?
QUOTE(aardvark @ Mar 24 2007, 04:57 PM) [snapback]587572[/snapback]
you are joking i hope.
Why? It has a functioning stock market, educated workforce and it looks like it's going to get a more business friendly government. It's a classic recovery play.
Well, there's been a few things mentioned in MoneyWeek about Zimbabwe recently. I think there are quite a few investors waiting in the wings should the political situation change there.
http://www.moneyweek.com/file/mwu/1/4573/s...homes-1811.html
The following taken from that article...
"Zimbabwe: the new property hotspot?
Since British holiday-home hunters are feeling so brave, perhaps it’s time they considered Zimbabwe. So said Johnathan Haward, managing director of County Homesearch International, last week in the FT. It sounds like an unlikely tip, so we rang him to check.
It turns out he means it. “Seriously,” Haward told MoneyWeek, “Zimbabwe is the new hotspot.” Most people think that property owned by any white person in Zimbabwe is being forcibly taken from them. But that just isn’t true. Yes, working farms with 50 acres or more are vulnerable, but people are not being evicted from freehold holiday-homes or city flats.
And while it is true that Zimbabwe is not exactly stable, that doesn’t mean there isn’t money to be made. Haward points to Mozambique, whose government realised a few years ago that the route to sustainable wealth was via a tourist infrastructure. In the past five years, property prices there have more than doubled.This, says Haward, could easily happen in Zimbabwe.
Indeed, the “smart money” is getting in already. The market in Harare, where a two-bed flat goes for around £35,000, is the busiest its been in years."
Good luck!
http://www.moneyweek.com/file/mwu/1/4573/s...homes-1811.html
The following taken from that article...
"Zimbabwe: the new property hotspot?
Since British holiday-home hunters are feeling so brave, perhaps it’s time they considered Zimbabwe. So said Johnathan Haward, managing director of County Homesearch International, last week in the FT. It sounds like an unlikely tip, so we rang him to check.
It turns out he means it. “Seriously,” Haward told MoneyWeek, “Zimbabwe is the new hotspot.” Most people think that property owned by any white person in Zimbabwe is being forcibly taken from them. But that just isn’t true. Yes, working farms with 50 acres or more are vulnerable, but people are not being evicted from freehold holiday-homes or city flats.
And while it is true that Zimbabwe is not exactly stable, that doesn’t mean there isn’t money to be made. Haward points to Mozambique, whose government realised a few years ago that the route to sustainable wealth was via a tourist infrastructure. In the past five years, property prices there have more than doubled.This, says Haward, could easily happen in Zimbabwe.
Indeed, the “smart money” is getting in already. The market in Harare, where a two-bed flat goes for around £35,000, is the busiest its been in years."
Good luck!
QUOTE(Leyliner @ Mar 24 2007, 09:54 PM) [snapback]587780[/snapback]
Well, there's been a few things mentioned in MoneyWeek about Zimbabwe recently. I think there are quite a few investors waiting in the wings should the political situation change there.
http://www.moneyweek.com/file/mwu/1/4573/s...homes-1811.html
The following taken from that article...
"Zimbabwe: the new property hotspot?
Since British holiday-home hunters are feeling so brave, perhaps it’s time they considered Zimbabwe. So said Johnathan Haward, managing director of County Homesearch International, last week in the FT. It sounds like an unlikely tip, so we rang him to check.
It turns out he means it. “Seriously,” Haward told MoneyWeek, “Zimbabwe is the new hotspot.” Most people think that property owned by any white person in Zimbabwe is being forcibly taken from them. But that just isn’t true. Yes, working farms with 50 acres or more are vulnerable, but people are not being evicted from freehold holiday-homes or city flats.
And while it is true that Zimbabwe is not exactly stable, that doesn’t mean there isn’t money to be made. Haward points to Mozambique, whose government realised a few years ago that the route to sustainable wealth was via a tourist infrastructure. In the past five years, property prices there have more than doubled.This, says Haward, could easily happen in Zimbabwe.
Indeed, the “smart money” is getting in already. The market in Harare, where a two-bed flat goes for around £35,000, is the busiest its been in years."
Good luck!
http://www.moneyweek.com/file/mwu/1/4573/s...homes-1811.html
The following taken from that article...
"Zimbabwe: the new property hotspot?
Since British holiday-home hunters are feeling so brave, perhaps it’s time they considered Zimbabwe. So said Johnathan Haward, managing director of County Homesearch International, last week in the FT. It sounds like an unlikely tip, so we rang him to check.
It turns out he means it. “Seriously,” Haward told MoneyWeek, “Zimbabwe is the new hotspot.” Most people think that property owned by any white person in Zimbabwe is being forcibly taken from them. But that just isn’t true. Yes, working farms with 50 acres or more are vulnerable, but people are not being evicted from freehold holiday-homes or city flats.
And while it is true that Zimbabwe is not exactly stable, that doesn’t mean there isn’t money to be made. Haward points to Mozambique, whose government realised a few years ago that the route to sustainable wealth was via a tourist infrastructure. In the past five years, property prices there have more than doubled.This, says Haward, could easily happen in Zimbabwe.
Indeed, the “smart money” is getting in already. The market in Harare, where a two-bed flat goes for around £35,000, is the busiest its been in years."
Good luck!
Thanks for that. I'm not looking at property (although getting a Zim dollar backed mortgage would be a bargain at 1700% inflation) but some sort of stock market fund. Also looking to limit it to about £10K as it's still a bit of a risk.
Try and have a search through the moneyweek site. You can get free trial access for a limited period I think. I'm sure there was something recently about African investment funds. But I have a feeling the entry points were higher than 10k.
QUOTE(Leyliner @ Mar 24 2007, 11:21 PM) [snapback]587835[/snapback]
Try and have a search through the moneyweek site. You can get free trial access for a limited period I think. I'm sure there was something recently about African investment funds. But I have a feeling the entry points were higher than 10k.
OK, I'll try that. I know that there's a fund run from Botswana that specialises in Zimbabwe but as its starting point is $100,000 (sadly US not Zim) its not something I can look at.
QUOTE(muttley @ Mar 24 2007, 03:22 PM) [snapback]587593[/snapback]
Machetes?
LOL
http://edition.cnn.com/2007/WORLD/africa/03/30/mugabe.reut/
Mugabe endorsed by his party for another 'election'.... I wonder if he'll win?
I see your point, I mean, how much will a countries populace take before it boots out an elderly dictator thats screwed the country? (hmm cuba comes to mind...)
I spent a couple of months there years ago as a tourist, and it (was) a fantastic place. Even then though, you could get double the official exchange rate on the black market, from professionals desperate to get their money out of the country.
They do say luck favours the brave, but personally I would not have the ******** to go THAT high risk! Probably why I'll never be rich.
Mugabe endorsed by his party for another 'election'.... I wonder if he'll win?
I see your point, I mean, how much will a countries populace take before it boots out an elderly dictator thats screwed the country? (hmm cuba comes to mind...)
I spent a couple of months there years ago as a tourist, and it (was) a fantastic place. Even then though, you could get double the official exchange rate on the black market, from professionals desperate to get their money out of the country.
They do say luck favours the brave, but personally I would not have the ******** to go THAT high risk! Probably why I'll never be rich.
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