Skip to main content

Andrew Watson: The 'most influential' black footballer for decades lost to history

-
Image
  By Andrew Aloia BBC Sport Last updated on 11 October 2021 11 October 2021 . From the section Football Watson was a trailblazer who helped transform how football was played There are two murals of black footballers facing one another across an alleyway in Glasgow. One helped shape football as we know it, the other is Pele. Andrew Watson captained Scotland to a 6-1 win over England on his debut in 1881. He was a pioneer, the world's first black international, but for more than a century the significance of his achievements went unrecognised. Research conducted over the past three decades has left us with some biographical details: a man descended of slaves and of those who enslaved them, born in Guyana, raised to become an English gentleman and famed as one of Scottish football's first icons. And yet today, 100 years on from his death aged 64, Watson remains something of an enigma, the picture built around him a fractured one. His grainy, faded, sepia image evokes many differen...
Post a Comment

Bank fines, suspensions weighed by Zimbabwe

-

 

Image: Bloomberg

Zimbabwe is considering penalising domestic banks, telecommunications operators and other businesses over what the government describes as profiteering off the hard currency it makes available at auctions.

Lenders could face fines and suspensions, while companies that charge a premium for foreign exchange may be banned from participating in the auctions, central bank Governor John Mangudya said in a phone interview from the capital, Harare.

Moneyweb Insider INSIDERGOLD

Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.

Click here for more information.

“All the malpractices will be targeted,” he said. “There’s no need to chase foreign currency as if it will run out.”

President Emmerson Mnangagwa on Monday threatened unspecified actions against “sharks in the financial sector,” according to the state-owned Herald newspaper, which said unidentified entities are profiteering at the public’s expense. The president’s comments were made during a wide-ranging interview he gave to state-owned television that will be aired on April 17 on the eve of Independence Day celebrations, the paper said.

Exchange closed

Mnangagwa has previously issued warnings to private companies he blames for undermining his efforts to turn around an economy plagued by annual inflation of 241% and foreign-currency shortages.

Last year, his government closed the Zimbabwe Stock Exchange for five weeks and singled out the largest mobile operator, Econet Wireless Zimbabwe Ltd., for undermining the nation’s currency through its mobile-money service. Econet denied the allegations.

The impending action is an attempt to prevent manipulation of the foreign-currency auction system, according to the Herald. The system has provided over $800 million to companies since its introduction in June, though high demand for US dollars by importers means that there is only a limited supply.

Monetary authorities met with the Bankers Association of Zimbabwe on April 12 to discuss “due diligence and know-your-customer requirements” in order to ensure economic stability, Mangudya said.

Ralph Watungwa, president of the Banker’s Association of Zimbabwe, didn’t immediately answer two calls to his mobile phone seeking comment.

Zimbabwe reintroduced its own currency in 2019 after a 10-year hiatus and has been battling bouts of high inflation and shortages of everything from foreign currency to food. The local unit, which was pegged at parity to the US dollar as recently as February 2019, has plunged to 84 per US dollar.

The gap between the official exchange rate and parallel market has widened by 36%, with a US dollar selling for 115 Zimbabwean dollars on the streets of Harare.

© 2021 Bloomberg
 Tweet

Comments

Post a Comment

Popular posts from this blog

Andrew Watson: The 'most influential' black footballer for decades lost to history

-
Image
  By Andrew Aloia BBC Sport Last updated on 11 October 2021 11 October 2021 . From the section Football Watson was a trailblazer who helped transform how football was played There are two murals of black footballers facing one another across an alleyway in Glasgow. One helped shape football as we know it, the other is Pele. Andrew Watson captained Scotland to a 6-1 win over England on his debut in 1881. He was a pioneer, the world's first black international, but for more than a century the significance of his achievements went unrecognised. Research conducted over the past three decades has left us with some biographical details: a man descended of slaves and of those who enslaved them, born in Guyana, raised to become an English gentleman and famed as one of Scottish football's first icons. And yet today, 100 years on from his death aged 64, Watson remains something of an enigma, the picture built around him a fractured one. His grainy, faded, sepia image evokes many differen...
Read more

Are there any planets outside of our solar system?

-
Image
  Academic rigour, journalistic flair COVID-19 Arts  +  Culture Business  +  Economy Education Environment  +  Energy Health  +  Medicine Politics Science  +  Technology In French Artist illustration of an exoplanet.  dottedhippo/iStock via Getty Images Are there any planets outside of our solar system? July 19, 2021 2.06pm SAST Author Jean-Luc Margot Professor of Earth, Planetary, and Space Sciences, University of California, Los Angeles Disclosure statement Jean-Luc Margot receives funding from the National Aeronautics and Space Administration, the National Science Foundation, and philanthropists. Partners University of California  provides funding as a founding partner of The Conversation US. The Conversation is funded by the National Research Foundation, eight universities, including the Cape Peninsula University of Technology, Rhodes University, Stellenbosch University and the Universities of Cape Town, Johannesb...
Read more

If everyone on Earth sat in the ocean at once, how much would sea level rise?

-
Image
  There are a lot of people, but the oceans are very big.   Rosley Majid/EyeEm via Getty Images If everyone on Earth sat in the ocean at once, how much would sea level rise? March 29, 2021 2.07pm SAST Author Tony E. Wong Assistant Professor of Mathematical Sciences, Rochester Institute of Technology Disclosure statement Tony E. Wong does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. Partners Rochester Institute of Technology  provides funding as a member of The Conversation US. The Conversation is funded by the National Research Foundation, eight universities, including the Cape Peninsula University of Technology, Rhodes University, Stellenbosch University and the Universities of Cape Town, Johannesburg, Kwa-Zulu Natal, Pretoria, and South Africa. It is hosted by the Universities of the Witwatersrand and Wester...
Read more