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As of 2023, Zimbabwe's official unemployment rate stood at 9.3%. [ 30 ] [ a ] A 2014 report by the Africa Progress Panel [ 31 ] found that, of all the African countries examined when determining how many years it would take to double per capita GDP, Zimbabwe fared the worst, and that at its current rate of development it would take 190 years ...
The high unemployment rate led to a lack of professional expertise in different organisations following the exodus of qualified social workers as well as other professionals in search of greener pastures in neighbouring countries and abroad. Over 70% people migrating to South Africa, had an economic purpose for migrating. [7]
White immigration to the Company realm was initially modest, but intensified during the 1900s and early 1910s, particularly south of the Zambezi. The economic slump in the Cape following the Second Boer War motivated many white South Africans to move to Southern Rhodesia, and from about 1907 the company's land settlement programme encouraged more immigrants to stay for good. [5]
Zimbabwe's path toward hyperinflation began at the beginning of its independence in the 1970s. [3] In 2000, inflation within Zimbabwe hit its peak at the time, being at 230 percent. [1] In 2019, Zimbabwe has an inflation rate of about 300% which is the world's highest.
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By March 2000, little land had been redistributed as per the land reform laws that were passed in 1979, when the Lancaster House Agreement between Britain and Zimbabwe pledged to initiate a fairer distribution of land between the white minority, which governed Zimbabwe from 1890 to 1979, and the black population.
1945 Rhodesian rail strike [1] [2]; 1947 Dadaya school strike, strike by students at the Dadaya mission school in Southern Rhodesia. [3]1947 Mount Selinda High School strike, strike by students at the Mount Selinda High School in Southern Rhodesia, against the practice of students being forced to work for the mission during school breaks.
This experiment met with very mixed results and Zimbabwe fell further behind the first world and unemployment. Some market reforms in the 1990s were attempted. A 40 per cent devaluation of the Zimbabwean dollar was allowed to occur and price and wage controls were removed.