News / National
'Indigenisation not meant to nationalise private property'
28 Aug 2013 at 13:29hrs | Views
Victoria Falls - The Government has stressed that the on-going indigenisation and empowerment programme is not meant to nationalise privately owned property.
In the investment guide launched at the on-going United Nations World Tourism Organisation General Assembly co-hosted by Zambia and Zimbabwe, the Government said the programme was intended at allowing active participation of locals in the economy, the New Ziana reported.
Over 1 000 delegates from across the world are participating at the conference being hosted in southern Africa for the first time.
Zimbabwe's indigenisation and empowerment programme has come under sustained attack from the West, which has labelled it an expropriation exercise. But the "Invest in Zimbabwe 2013" guide says "it is not Government policy to nationalise or expropriate private assets."
"The focus of Government is on broad based economic empowerment whose thrust is to ensure that the majority of Zimbabweans are integrated into the mainstream economy."
In the investment guide launched at the on-going United Nations World Tourism Organisation General Assembly co-hosted by Zambia and Zimbabwe, the Government said the programme was intended at allowing active participation of locals in the economy, the New Ziana reported.
Zimbabwe's indigenisation and empowerment programme has come under sustained attack from the West, which has labelled it an expropriation exercise. But the "Invest in Zimbabwe 2013" guide says "it is not Government policy to nationalise or expropriate private assets."
"The focus of Government is on broad based economic empowerment whose thrust is to ensure that the majority of Zimbabweans are integrated into the mainstream economy."
Source - New Ziana
