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$100 billion banknotes introduced

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Zimbabwe knocking 10 zeros off currency


July 2008 ... more > Top ^

Jul.30  
  Zimbabwe will knock 10 zeros off the hyper-inflated currency next month, making 10 billion dollars one dollar

Jul.19
  Zimbabwe: Troubled central bank introduced new $100 billion banknotes in a desperate bid to ease the recurrent cash shortages plaguing the economy


June 2008 ... more > Top ^

Jun.16 Food crisis destroys progress in Africa
  Central Africa: The Africa Progress Panel : Rising global food prices threaten to destroy years of economic progress in Africa and drive 100 million into poverty

March 2008 ... more > Top ^

Mar.24 Mining forces out thousands
  South Africa: Nearly 20,000 have been displaced by giant Anglo American in its search for platinum Mar.12   Embattled Mugabe boosts workers' pay  Zimbabwe: President, battling skyrocketing inflation, has announced 'a huge salary increase' for his nation's government workers Mar.9   Mugabe approves new ownership law
  Zimbabwe: President Mugabe has approved legislation giving local owners the right to take a majority share of foreign companies


February 2008 ... more > Top ^

Feb.1   Inflation tops 24,000%, officially  Zimbabwe: Zimbabwe's central bank has revealed that its annual inflation has climbed to the highest in the world. Independent estimates of 150,000%

year 2007 Top ^

Dec.24 Hours-long lines to get scarce currency
  Zimbabwe: Thousands of Zimbabweans waited for hours to get currency from the banks so they could buy food and board buses for Christmas trips
Dec.4 Miners on strike over death toll   South Africa: Tens of thousands of striking miners took to the streets in Johannesburg in a protest over safety levels in the industry Nov.20   Huge fire at refinery   South Africa: A refinery fire have been caused by lightning spread a thick column of black smoke over the city, burning nearly $18 million worth of fuel Sep.27   Giant Soweto shopping mall opens
Map of Soweto South Africa  South Africa: Former President Nelson Mandela has opened the largest shopping centre in southern Africa in Soweto Sep.5   Flour shortage warning  Zimbabwe: Zimbabwe's main bread producer Lobels Bread has warned it only has two days' supply of flour Aug.24 Bill to hit foreign firms  Zimbabwe: The government introduced a bill to give Zimbabweans majority ownership of foreign companies, a move will deepen the economic crisis Jul.31   New inflation warning for Zimbabwe  The IMF said on Tuesday that year-on-year inflation rate could reach over 100,000% by the end of the year Jul.24   Mugabe vows to save sick economy  Zimbabwe: President has said at the opening of parliament that strict price controls will continue as Zimbabwe tries to turn around an ailing economy About 200 dead from plane crash Jul.10   Shelves bare as economic crisis looms  Zimbabwe: The economy veered closer to the brink with no end in sight to chronic shortages of foods and gasoline Jul.5   Bulk buy ban amid frenzy
  Zimbabwe: Authorities ordered businesses to stop selling basic goods in bulk to avert shortages after an price freeze triggered a frenzied buying spree
Jun.22   Mugabe faces pressure on currency  Zimbabwe: Zimbabwe's currency plunged to new depths as the U.S. ambassador predicted galloping inflation will force Mugabe from office Jun.13 Strike escalates  South Africa: Thousands of public sector workers have taken part in peaceful marches across major cities as unions stepped up strike action over pay

year 2005 Top ^

Sep.8 IMF to debate Zimbabwe expulsion  International Monetary Fund officials meet to decide whether to expel Zimbabwe because of unpaid debts Aug.9   Union joins gold mine strike  South Africa: Trade union group Solidarity joined a crippling strike by gold miners to press demands for higher wages Jun.27   Nationwide strike  South Africa: Many have stayed away from work, but the overall response appears patchy

year 2004 Top ^

Sep.16 Government workers strike. South Africa

year 2003 Top ^

Aug.8 S. Africa to distribute AIDS drugs
  South Africa: Cabinet has ordered to develop an operational plan to make anti-AIDS drugs available to infected with HIV Jul.23 AIDS 'threatens economic catastrophe'
. South Africa

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Zimbabwe knocking 10 zeros off currency




Southern Africa, Business Financial Timeline ... See World Financial timeline Top ^
2008
Jul.30
  Zimbabwe will knock 10 zeros off the hyper-inflated currency next month, making 10 billion dollars one dollar
Jul.19 $100 billion banknotes introduced
  Zimbabwe: Troubled central bank introduced new $100 billion banknotes in a desperate bid to ease the recurrent cash shortages plaguing the economy
Mar.12 Embattled Mugabe boosts workers' pay  Zimbabwe: President, battling skyrocketing inflation, has announced 'a huge salary increase' for his nation's government workers Feb.1 Inflation tops 24,000%, officially  Zimbabwe: Zimbabwe's central bank has revealed that its annual inflation has climbed to the highest in the world. Independent estimates of 150,000% 2007 Dec.24 Hours-long lines to get scarce currency
  Zimbabwe: Thousands of Zimbabweans waited for hours to get currency from the banks so they could buy food and board buses for Christmas trips
Jul.31 New inflation warning for Zimbabwe  The IMF said on Tuesday that year-on-year inflation rate could reach over 100,000% by the end of the year Jul.5 Bulk buy ban amid frenzy
  Zimbabwe: Authorities ordered businesses to stop selling basic goods in bulk to avert shortages after an price freeze triggered a frenzied buying spree
Jun.22   Mugabe faces pressure on currency
  Zimbabwe: Zimbabwe's currency plunged to new depths as the U.S. ambassador predicted galloping inflation will force Mugabe from office



Southern Africa, Business Retail Timeline ... See World Retail timeline Top ^
2007 Sep.27 Giant Soweto shopping mall opens Map of Soweto South Africa  South Africa: Former President Nelson Mandela has opened the largest shopping centre in southern Africa in Soweto Jul.10 Shelves bare as economic crisis looms  Zimbabwe: The economy veered closer to the brink with no end in sight to chronic shortages of foods and gasoline



Southern Africa, Business Food Timeline ... See World Food timeline Top ^
2008 Jun.16 Food crisis destroys progress in Africa  Central Africa: The Africa Progress Panel : Rising global food prices threaten to destroy years of economic progress in Africa and drive 100 million into poverty 2007 Sep.5 Flour shortage warning  Zimbabwe: Zimbabwe's main bread producer Lobels Bread has warned it only has two days' supply of flour



Southern Africa, Business Business Sanctions Timeline ... See World Business Sanctions timeline Top ^
2005 Sep.8 IMF to debate Zimbabwe expulsion  International Monetary Fund officials meet to decide whether to expel Zimbabwe because of unpaid debts



Southern Africa, Business Healthcare Timeline ... See World Healthcare timeline Top ^
2003 Aug.8 S. Africa to distribute AIDS drugs  South Africa: Cabinet has ordered to develop an operational plan to make anti-AIDS drugs available to infected with HIV Jul.23 AIDS 'threatens economic catastrophe'
. South Africa



Southern Africa, Business Macroeconomics Timeline ... See World Macroeconomics timeline Top ^
2007 Jul.24   Mugabe vows to save sick economy  Zimbabwe: President has said at the opening of parliament that strict price controls will continue as Zimbabwe tries to turn around an ailing economy



Southern Africa, Business Labor Conflict Timeline ... See World Labor Conflict timeline Top ^
2007 Dec.4 Miners on strike over death toll   South Africa: Tens of thousands of striking miners took to the streets in Johannesburg in a protest over safety levels in the industry Jun.13 Strike escalates  South Africa: Thousands of public sector workers have taken part in peaceful marches across major cities as unions stepped up strike action over pay 2005 Aug.9 Union joins gold mine strike  South Africa: Trade union group Solidarity joined a crippling strike by gold miners to press demands for higher wages Jun.27 Nationwide strike  South Africa: Many have stayed away from work, but the overall response appears patchy 2004 Sep.16 Government workers strike
. South Africa



Southern Africa, Business Oil Timeline ... See World Oil timeline Top ^
2007 Nov.20   Huge fire at refinery   South Africa: A refinery fire have been caused by lightning spread a thick column of black smoke over the city, burning nearly $18 million worth of fuel