The Zimbabwean government has been talking right and yet walking left on the empowerment programme, which is what has unnerved foreign investors.
A liquidity crunch, a steep drop in consumer spending and uncertainty over Zimbabwe policy has seen company stocks fall for the sixth day in a row.
The Crisis in Zimbabwe Coalition (CZC) has described as "scandalous" the decision by Zimbabwe to spend up to $67-million on sprucing up hotels and its infrastructure to cash in on the 2010 Soccer World Cup in South Africa. "It's a tragedy to try to create world-class facilities in a situation of misery," CZC spokesperson Elinor Sisulu said.
Officials from soccer's governing body, Fifa, will visit Zimbabwe next week to assess capacity to host fans from the 2010 World Cup to be held in neighbouring South Africa, Zimbabwe's tourism authority said on Tuesday. The country hopes to cash in on its proximity to South Africa -- the first African country to host the event.