Business / Economy
Zim policy conflict cannot create investor confidence: Tsvangirai
11 Sep 2011 at 06:42hrs | Views
Prime Minister Morgan Tsvangirai on Saturday said discordance in the country's power-sharing government was hampering economic recovery.
"The inclusive government cannot create jobs because of policy conflict," Tsvangirai told thousands at a rally to celebrate the 12th anniversary of his Movement for Democratic Change (MDC) party, warning that Zimbabwe's high rate of unemployment was a time-bomb.
"Mugabe comes out and tells investors 'your investment is safe'. The following day Kasukuwere says, 'I want to close this and that mine'.
"This kind of policy conflict cannot create confidence. We need more confidence, not less."
Tsvangirai was referring to Mugabe's reassurances to foreign companies that they will not be nationalised if they comply with the country's new equity laws.
Within days Kasukuwere threatened to revoke mining giant Zimplats' licence for failure to submit their plan on how they intend to sell their majority stake to local blacks.
Tsvangirai formed a power-sharing government with Mugabe to avoid a descent into conflict and mend the country's economy in the wake of a bloody presidential election run-off.
Although the unity government has brought some stability, uncertainty caused by the government's indigenisation drive has scared away foreign investors.
"The inclusive government cannot create jobs because of policy conflict," Tsvangirai told thousands at a rally to celebrate the 12th anniversary of his Movement for Democratic Change (MDC) party, warning that Zimbabwe's high rate of unemployment was a time-bomb.
"Mugabe comes out and tells investors 'your investment is safe'. The following day Kasukuwere says, 'I want to close this and that mine'.
"This kind of policy conflict cannot create confidence. We need more confidence, not less."
Tsvangirai was referring to Mugabe's reassurances to foreign companies that they will not be nationalised if they comply with the country's new equity laws.
Within days Kasukuwere threatened to revoke mining giant Zimplats' licence for failure to submit their plan on how they intend to sell their majority stake to local blacks.
Tsvangirai formed a power-sharing government with Mugabe to avoid a descent into conflict and mend the country's economy in the wake of a bloody presidential election run-off.
Although the unity government has brought some stability, uncertainty caused by the government's indigenisation drive has scared away foreign investors.
Source - AFP
