A Voice for the Voiceless | |
Type | Newspaper, website |
---|---|
Format | Tabloid |
Founder(s) | Wilf Mbanga |
Editor-in-chief | Cees van der Laan [1] |
Founded | 2005 |
Language | 2005 |
City | London |
Country | England, South Africa |
Website | www |
The Zimbabwean is a newspaper in Zimbabwe. Founded by Wilf Mbanga in 2005, it was edited in London and printed in South Africa, near the border with Zimbabwe. By 2021 it had become a weekly paper with a large online presence.
In 1999, Wilf Mbanga founded an independent Zimbabwean newspaper titled, with the goal of providing neutral coverage of events occurring in the country, but within three years Mbanga was arrested for anti-government activities. He was eventually acquitted, but was banned by the government, and Mbanga was declared an "Enemy of the People". [2] Following several death threats, Mbanga fled to Europe, first to the Netherlands and then to England. [3]
With monetary assistance from the European Union, Mbanga founded The Zimbabwean, a newspaper featuring stories provided by in-country correspondents, edited in London, and printed in South Africa, close to the Zimbabwean border. [3] As its primary audience the newspaper targeted the Zimbabwean diaspora: a million Zimbabweans lived in the UK, and another two million in Southern Africa. [4] It was to be a weekly tabloid, according to Mbanga, with "a heavy emphasis on Zimbabwean politics, but will also include arts and culture, business, sports, gender issues, social issues and news analysis". [5] Within five years, The Zimbabwean had a daily print run of 150,000, the majority of which was exported to Zimbabwe itself. However, in June 2008, the country's government re-classified the newspaper as a luxury, imposing a 55% tax on its import from South Africa. This made it impossible for the paper to break even at a price that the average citizen could afford. By 2009, circulation of the newspaper fell from 150,000 to 30,000, and the paper had to cancel its Sunday installment. [6]
Following the government decision to tax the paper as luxury, The Zimbabwean got Johannesburg-based ad agency TBWA/Hunt/Lascaris to start an ad campaign. The pitch became the amount of currency used to purchase The Zimbabwean: after years of hyperinflation, the Zimbabwean Dollar had reached the point where the face value of many banknotes was less than the value of the paper itself. [7] With a limited budget [8] TBWA devised a campaign in which advertisements were printed on real banknotes, [7] using the collapse of the currency as an analogy for the collapse of Zimbabwe itself. [9] The campaign was launched in March 2009, using politically charged slogans and outdoor advertising, and became successful immediately [10] both in Southern Africa [11] and internationally. [12] In the first week following the launch, hits to the paper's website spiked and by June 2009, sales of the paper had increased by 276%, according to TBWA/Hunt/Lascaris. [13] In the end, finance minister Tendai Biti did away with the tax. [14]
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Effective capital controls and currency substitution (“dollarization”) are the orthodox solutions to ending short-term hyperinflation; however there are significant social and economic costs to these policies. Ineffective implementations of these solutions often exacerbate the situation. Many governments choose to attempt to solve structural issues without resorting to those solutions, with the goal of bringing inflation down slowly while minimizing social costs of further economic shocks.
Seigniorage, also spelled seignorage or seigneurage, is the difference between the value of money and the cost to produce and distribute it. The term can be applied in two ways:
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Chenjerai Hove, was a Zimbabwean poet, novelist and essayist who wrote in both English and Shona. "Modernist in their formal construction, but making extensive use of oral conventions, Hove's novels offer an intense examination of the psychic and social costs - to the rural population, especially, of the war of liberation in Zimbabwe." He died on 12 July 2015 while living in exile in Norway, with his death attributed to liver failure.
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Hyperinflation in Zimbabwe is an ongoing period of currency instability in Zimbabwe which, using Cagan's definition of hyperinflation, began in February 2007. During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe's hyperinflation because the government of Zimbabwe stopped filing official inflation statistics. However, Zimbabwe's peak month of inflation is estimated at 79.6 billion percent month-on-month, 89.7 sextillion percent year-on-year in mid-November 2008.
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The Trillion Dollar Campaign is an outdoor advertising campaign launched in 2009 to promote the newspaper The Zimbabwean in South Africa. The campaign was created by advertising agency TBWA Hunt Lascaris in conjunction with the Zimbabwean's marketing manager, Liz Linsell, with the goal of both increasing awareness of the newspaper itself, and of the growing problems of hyperinflation in Zimbabwe and increasing restrictions on free speech by the government. The Trillion Dollar Campaign made extensive use of Zimbabwean banknotes, repurposing them as printing paper for handouts, billboards, and poster advertisements. The campaign was highly successful, and gathered significant publicity; first in other South African newspapers, then in other media such as television and radio, and finally in international publications such as The Guardian and The Times. The Trillion Dollar Campaign went on to win several honours from the marketing community, receiving Golds at The Art Directors Club Awards and the ANDY Awards, and taking home the Grand Prix in the Outdoor category of the 2009 Cannes Lions International Advertising Festival, the most prestigious awards ceremony in the advertising industry.
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The banknotes of the Da-Qing Bank were intended to become the main form of paper money of the Qing dynasty following the bank's establishment in 1905. The Da-Qing Bank had branches throughout China and many of its branches outside of its headquarters in Beijing also issued banknotes.
Tendai Ruben Mbofana is a writer, commentator, social justice activist and journalist from Kwekwe, Zimbabwe.
The Zimbabwe Gold (ZiG) has been the official currency of Zimbabwe since 8 April 2024, backed by US$575 million worth of hard assets: foreign currencies, gold, and other precious metals. It replaced the Zimbabwean dollar, which suffered from rapid depreciation, with the official exchange rate surpassing 30,000 Zimbabwean dollars per U.S. dollar on 5 April 2024, whilst the parallel market rate reached 40,000 per U.S. dollar. Annual inflation in Zimbabwe hit 55.3% in March 2024.
Hove wrote regularly for that paper. Like Voltaire, Hove believed that the best way to get rid of dictators was to laugh at them. In one column, Hove asked his readers to remember the stories they'd heard as children – especially the story about the proud monkey who climbed to the top of the tallest tree seeking applause from below.