There may be uncertainty in zimbabwe, but across the border in south africa, theres a Thriving Community of young entrepreneurs. Well talk to the woman behind the incubator looking to harness all that potential. We want your views on the da vinci frenzy, was it worth it . What you make of the record breaking da vinci auction. We start in zimbabwe. President mugabe remains under house arrest after what the African Union says seems like a coup, something denied by the countrys military. The economy is a huge source of unrest in zimbabwe. Its currency was scrapped in 2009 after hyperinflation reached several billion percent it was replaced with foreign currencies, today its mostly the us dollar. But that hasnt helped ordinary people. Zimbabwes official inflation rate was 2. 24 in october. But some analysts who track the cost of consumer goods in zimbabwe think theyre rising at over 65 a year. Thats because of a shortage of dollars needed to pay for imported goods. In fact, economist steve
Programme, briefing you on all you need to know in global news, business and sport. And you can be part of the conversation today. We are asking for your reaction to the da vinci frenzy the 500 year old painting sold for 400 million, smashing all records. Are you amazed or appalled . Is it worth it or wealth gone mad . Your comments to hashtag bbcthebriefing. We start the programme in zimbabwe. South africas defence and state security ministers have arrived in the country, and they now hope to hold talks with president mugabe and army leaders, following the militarys seizure of power. Mr mugabe remains under house arrest, although the military says he is safe. It denies staging a coup, instead claiming to be acting against criminals surrounding the president. The African Union has demanded an immediate return to constitutional order. 0ur correspondent anne soy joins me now from zimbabwe. Weve heard that theres a calm but tense atmosphere on the streets of zimbabwes capital, harare. It
The countrys military. The economy is a huge source of unrest in zimbabwe. Its currency was scrapped in 2009 after hyperinflation reached several billion percent and replaced with foreign currencies. Today its mostly the us dollar. But that hasnt helped ordinary people. Zimba bwes official inflation rate was 2. 24 in october. But some analysts who track the cost of consumer goods in zimbabwe think theyre rising at over 65 a year. Thats because of a shortage of dollars needed to pay for imported goods. In fact, one economist, steve hanke from john hopkins university, thinks the situation is far worse. He recently wrote in Forbes Magazine that the actual inflation rate is almost 2a3 . Hes warning that hyperinflation is returning to the country. He and other economists put the blame on Robert Mugabes economic policies. The economy is by weight has been in a prolonged state of paralysis spending over ten years. Economy and zimbabwe. This is done to nehru causes, like the seizing of farms,
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