Business / Companies
Mugabe threatens 'tit for tat' on US, UK firms
25 Aug 2013 at 17:21hrs | Views
President Robert Mugabe threatened on Sunday to retaliate "tit for tat" against companies from Britain and the United States if these Western powers persisted in pressuring his government with sanctions and what he called "harassment".
Mugabe's latest verbal broadside against his main Western critics followed their questioning of his re-election in a July 31 vote that his rival Morgan Tsvangirai has denounced as a "coup by ballot" involving alleged widespread vote-rigging.
Mugabe, who at 89 is Africa's oldest leader, has rejected the fraud allegations and was sworn in on Thursday for a fresh five-year term in the southern African nation that he has ruled since its independence from Britain in 1980.
"They should not continue to harass us, the British and Americans," he told supporters at the funeral of an air force officer.
"We have not done anything to their companies here, the British have several companies in this country, and we have not imposed any controls, any sanctions against them, but time will come when we will say well, tit for tat, you hit me I hit you."
British companies in Zimbabwe include banking groups Standard Chartered and Barclays. These are already the target of a so-called "indigenisation" policy that requires they cede a majority stake to black Zimbabweans.
Mugabe and prominent members of his ZANU-PF party, which won a two-thirds majority in the July 31 election, are the targets of financial and travel sanctions imposed by the United States and the European Union. These were applied by Washington and Brussels to punish alleged election-rigging and abuses of power.
Britain said last week Mugabe's re-election could not be deemed credible without an independent investigation into allegations of voting irregularities.
US officials also said the July 31 election was flawed and Washington had no plans to loosen sanctions until there were signs of change in the country.
In contrast, observers from the regional 15-nation Southern African Development Community (SADC) and the African Union broadly endorsed last month's Zimbabwean vote as free and peaceful and called on all parties to accept its results.
Mugabe still enjoys support in Africa for his role in the liberation guerrilla war that helped end white-minority rule in what was formerly Rhodesia, and led to its independence.
Mugabe's latest verbal broadside against his main Western critics followed their questioning of his re-election in a July 31 vote that his rival Morgan Tsvangirai has denounced as a "coup by ballot" involving alleged widespread vote-rigging.
Mugabe, who at 89 is Africa's oldest leader, has rejected the fraud allegations and was sworn in on Thursday for a fresh five-year term in the southern African nation that he has ruled since its independence from Britain in 1980.
"They should not continue to harass us, the British and Americans," he told supporters at the funeral of an air force officer.
"We have not done anything to their companies here, the British have several companies in this country, and we have not imposed any controls, any sanctions against them, but time will come when we will say well, tit for tat, you hit me I hit you."
British companies in Zimbabwe include banking groups Standard Chartered and Barclays. These are already the target of a so-called "indigenisation" policy that requires they cede a majority stake to black Zimbabweans.
Mugabe and prominent members of his ZANU-PF party, which won a two-thirds majority in the July 31 election, are the targets of financial and travel sanctions imposed by the United States and the European Union. These were applied by Washington and Brussels to punish alleged election-rigging and abuses of power.
Britain said last week Mugabe's re-election could not be deemed credible without an independent investigation into allegations of voting irregularities.
US officials also said the July 31 election was flawed and Washington had no plans to loosen sanctions until there were signs of change in the country.
In contrast, observers from the regional 15-nation Southern African Development Community (SADC) and the African Union broadly endorsed last month's Zimbabwean vote as free and peaceful and called on all parties to accept its results.
Mugabe still enjoys support in Africa for his role in the liberation guerrilla war that helped end white-minority rule in what was formerly Rhodesia, and led to its independence.
Source - www.businessdaily.co.zw
