Zimbabwe bankrupt: The facts

[Dude]

Some more facts from Zim. My thoughts are with the suffering people in that country. My anger is because it did not have to be this way if it was not for the folly of that countries rulers: http://www.theshebeen.org/economy/50...y-nothing.html

[Pietro]

Dude! Sorry for them? Like h...!!!! They deserve what they got. They have had 27 years to get rid of him. Plain masochists, that's what they are!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Dude]

This is how bad it is: http://www.theshebeen.org/economy/52....html#post5945

[Admin]

We though this might be of interest: http://www.theshebeen.org/press-rele...ilisation.html

[Pietro]

You actually believe what they sputter? Teflon has nothing on Gono

[Uncle Paul]

As you know Pietro - each coin has two sides. It's good that Shebeen posts the official line, the "other side of the story", don't you think? You may not believe Gono (I don't either) but there it is for everyone to read and make up their own minds.

[Pietro]

As they say; "paper is very patient"

[Comrade007]

So apparently the NamPower chief believes the loan to Zim is worth the while and in our country's interest. I'll give him the benefit of doubt, but since the agreement is actually confidential how on earth is anyone to really know what the facts are? This is part of the problem I have with the deal: It is not transparent and it makes no sense. A bankrupt country starved of electricity generating such in a creaking power station for a neighbour? suspend your disbelief, I suppose. I mean for starters: How are we actually to know Namibia is receiving any electricity from Hwange? And 24 hours on top? We can be told anything, right?! Am I off the mark here? Here's what NAMPOWER has to say about it:

http://www.theshebeen.org/news-summa...-official.html

[Oneword]

On top of it all: The coal mine (Hwange Colliery) supposed to supply all the coal to Hwange power station to generate all that lovely electricity for Namibia has also shut down because of inoperative machinery. I heard an amount of US$ 2 billion being mentioned somewhere ................................

[Comrade007]

So here we are: A disfunctional, discredited power company in a bankrupt country with a power plant that is hardly operational supposedly generates electricity with coal from a colliery that cannot actually produce coal because of inoperative machinery and then supposedly exports the little electricity it generate to a neighbouring country? I'm working hard to suspend my disbelief. Help me out here..... I'll believe it when I see it, as the saying goes. So NAMPOWER, let's see some tangible proof like meter readings or something otherwise you may as well be making all of this up in brotherly solidarity. I for one don't believe half of it.