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July 25, 2008, 05:00
Business confidence is growing slowly in Zimbabwe after talks began in earnest in Pretoria between Zanu-PF and Movement for democratic Change (MDC) representatives.
President Robert Mugabe and MDC leader Morgan Tsvangirai signed a memorandum of understanding this week paving the way for business leaders to believe the once powerful economy will be restored again in Zimbabwe.
Economic analyst Sphamandla Zondi said business leaders are confident that the talks led by President Thabo Mbeki will yield positive results.
Zimbabwe's central bank yesterday said it would soon implement reforms to ease the effects of hyperinflation as consumers, retailers and banks struggle to make even simple transactions with a virtually worthless currency.
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| RELATED STORIES | | Zimbabwe central bank promises currency reforms (July 24, 2008, 22:45) | | MDC, Zanu-PF begin talks in SA (July 24, 2008, 18:45) | | Mbeki to urge EU not to sanction Zimbabwe (July 24, 2008, 14:45) | | ‘EU attempting to foil Zimbabwe talks’ (July 23, 2008, 18:30) | | Zimbabwe rivals to start full talks tomorrow (July 23, 2008, 16:15) |
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