Business / Economy
'No Zimdollar return in the near future,' says Kasukuwere
06 Aug 2013 at 13:03hrs | Views
Zanu-PF has made the economy top of its agenda when government is sworn and the Zim dollar will not return in the near future as being peddled by speculative sections of the country, Zanu-PF politburo member and former Indigenisation Minister Saviour Kasukuwere said today.
Kasukuwere spoke as ZERA dismissed reportes that it has increased fuel prices. South Africa also dismissed claims that it had reintroduced visa fees in the wake of President Mugabe's crushing victory in the harmonised elections to stem an anticipated influx of economic refugees. Some pro-MDC-T websites and the party's trolls on social media claimed South Africa was closing its borders to stem an influx of Zimbabweans fleeing hardships that MDC-T claimed would engulf the country in the wake of its crushing defeat.
Kasukuwere urged people to read the Zanu-PF manisfesto on the Zim dollar and stop peddling information that is intended to fuel uncertainty to the economy. MDC-T activists have been urging people to withdraw their money from the bank to fuel a run on the banks for the economy to feel the pinch.
Kasukuwere also said his party will continue a steady and firm implementation of its indigenisation policy.
"Over the next five years Zimbabwe is going to witness a unique wealth-transfer model that will see ordinary people taking control of the economy," Zanu-PF said in a statement handed to reporters in Harare today.
"When it comes to natural resources, Zimbabwe will not pay for her resources," Kasukuwere said.
"If they don't want follow the law that's their problem."
Non-compliant mine owners risk losing their licenses, he said.
The government will open a new stock exchange to trade the black-owned stakes in the companies, he said.
Trading at the Harare Stock Exchange, which would rival the Zimbabwe Stock Exchange, may start within 100 days of the new government taking office and will only be open to black Zimbabweans, he said.
Investments in Zimbabwe will be protected by the government as long as companies do not seek to exploit the country without its people benefiting, Kasukuwere said.
"We want to welcome investors, as long as it's in partnership with our people," he said.
"It's a logical economic plan that has been put forward by our party for Zimbabweans to achieve greater benefits from their resources. Forty-nine percent is a huge part of the cake."
Kasukuwere spoke as ZERA dismissed reportes that it has increased fuel prices. South Africa also dismissed claims that it had reintroduced visa fees in the wake of President Mugabe's crushing victory in the harmonised elections to stem an anticipated influx of economic refugees. Some pro-MDC-T websites and the party's trolls on social media claimed South Africa was closing its borders to stem an influx of Zimbabweans fleeing hardships that MDC-T claimed would engulf the country in the wake of its crushing defeat.
Kasukuwere urged people to read the Zanu-PF manisfesto on the Zim dollar and stop peddling information that is intended to fuel uncertainty to the economy. MDC-T activists have been urging people to withdraw their money from the bank to fuel a run on the banks for the economy to feel the pinch.
Kasukuwere also said his party will continue a steady and firm implementation of its indigenisation policy.
"Over the next five years Zimbabwe is going to witness a unique wealth-transfer model that will see ordinary people taking control of the economy," Zanu-PF said in a statement handed to reporters in Harare today.
"When it comes to natural resources, Zimbabwe will not pay for her resources," Kasukuwere said.
Non-compliant mine owners risk losing their licenses, he said.
The government will open a new stock exchange to trade the black-owned stakes in the companies, he said.
Trading at the Harare Stock Exchange, which would rival the Zimbabwe Stock Exchange, may start within 100 days of the new government taking office and will only be open to black Zimbabweans, he said.
Investments in Zimbabwe will be protected by the government as long as companies do not seek to exploit the country without its people benefiting, Kasukuwere said.
"We want to welcome investors, as long as it's in partnership with our people," he said.
"It's a logical economic plan that has been put forward by our party for Zimbabweans to achieve greater benefits from their resources. Forty-nine percent is a huge part of the cake."
Source - bloomberg
