Opposition officials reported more political violence on Thursday in Zimbabwe, where a land-grab campaign aimed at white farmers has stalled the already weak economy and threatens growing international isolation. Economists believe that the contagion fears which are dogging South African assets are unfounded, as the country's economy dwarfs its neighbor, which takes less than four percent of its total exports. Various options available. Sacob head Kevin Wakeford said Mugabe's hardline speech on the country's land ownership turmoil on Wednesday will add to the woes of an economy already reeling from its worst crisis in decades. Wakeford, in Zimbabwe to consult with local business and government, said Mugabe's tough talk will further erode investor confidence in the country and region.
Business takes on a risk approach at the end of the day.
The rand, already under pressure from the dollar's strength, hit record lows to the US unit this week on foreign concern over possible contagion effects from Zimbabwe, although domestic analysts say most of these are unfounded. Wakeford said trade between the two countries has become increasingly strained with South African financial institutions suspending credit guarantees for exporters as Zimbabwe's foreign exchange shortages worsened in recent months. However, sales of new medium and heavy commercial vehicles recorded strong gains, on last April, reflecting improved fixed investment activity in the economy. First quarter vehicle exports also held up well, with March exports bouncing back after Volkswagen production returned to normality following extended labour action. The names of the doctors involved are listed in the documents, which include copies of agreements and forms showing the amounts paid out.