News / National
Minister Mushohwe at 6s and 7s over indigenisation as economic meltdown bites chefs!
31 Aug 2015 at 16:13hrs | Views
Minister Chris Mushohwe tells his audience in Mutare that there was nothing wrong with Zimbabwe's indigenisation law. Zanu PF has been blowing hot and cold over this law telling would be investors it is scrapping the obnoxious law and the party faithful the opposite!
The Minister can say what he pleases but what he cannot do is change the bottom line; investors are not going to invest in a country where they will be bullied into selling 51% of their investment to some political appointee who is nothing more than a blood sucking parasite with an infectious disease!
The economic meltdown has caused a great deal of suffering amongst the ordinary people but it has not spared the Zanu PF chefs either. The chefs got the farms but many have failed to make farming a viable proposition, they did not have the unlimited financial support and a captive market of Gushungo Dairy. Many of them a starving on their large farms and are desperate to escape and the promise of owning 51% of a viable business were their only ticket out of abject poverty.
Zanu PF passed the obnoxious indigenisation law in 2008 and ever since there have been more companies closing than starting and yet more and more chefs have been pushing the panic button. They are tired of waiting for the phone call telling them they are now the proud owner of 51% shares in some multi-million dollar company!
President Mugabe is caught between the rock and the deep blue sea, is damned if he does not scrap this obnoxious law and damned if he does. As long as retain this no he is not going to see any new investors, that is now a confirmed fact. On the other hand is he scrapped the law and any new investor in their midst would drive the starving Zanu PF loyalists insane - they would be like starving ticks that can sense there is a cow but always out of reach!
"Our (indigenisation) law was drafted after borrowing some concepts from thriving economies. We looked at China and Black Economic Empowerment (BEE) in South Africa. "What we only need to do is to believe in ourselves as Zimbabweans," said Mushohwe.
No Minister, you want us to believe Zanu PF has economically empowered us when it has impoverished us. You want the nation to believe that Zanu PF knows what it is doing when the reality on the ground is saying otherwise. You the nation to believe Zanu PF won the elections when we all saw the blatant vote rigging. President Mugabe, you and the rest in Zanu PF are asking for too much and are not listening to what we want!
We want to have a meaningful say in the governance of this country; we want all the democratic reforms implemented and an end to this political culture of violence and rigged elections. We demand free, fair and credible elections as a birth right and not some privilege to be given to some and denied to other as President Mugabe and Zanu PF sees fit!
The Minister can say what he pleases but what he cannot do is change the bottom line; investors are not going to invest in a country where they will be bullied into selling 51% of their investment to some political appointee who is nothing more than a blood sucking parasite with an infectious disease!
The economic meltdown has caused a great deal of suffering amongst the ordinary people but it has not spared the Zanu PF chefs either. The chefs got the farms but many have failed to make farming a viable proposition, they did not have the unlimited financial support and a captive market of Gushungo Dairy. Many of them a starving on their large farms and are desperate to escape and the promise of owning 51% of a viable business were their only ticket out of abject poverty.
Zanu PF passed the obnoxious indigenisation law in 2008 and ever since there have been more companies closing than starting and yet more and more chefs have been pushing the panic button. They are tired of waiting for the phone call telling them they are now the proud owner of 51% shares in some multi-million dollar company!
President Mugabe is caught between the rock and the deep blue sea, is damned if he does not scrap this obnoxious law and damned if he does. As long as retain this no he is not going to see any new investors, that is now a confirmed fact. On the other hand is he scrapped the law and any new investor in their midst would drive the starving Zanu PF loyalists insane - they would be like starving ticks that can sense there is a cow but always out of reach!
"Our (indigenisation) law was drafted after borrowing some concepts from thriving economies. We looked at China and Black Economic Empowerment (BEE) in South Africa. "What we only need to do is to believe in ourselves as Zimbabweans," said Mushohwe.
No Minister, you want us to believe Zanu PF has economically empowered us when it has impoverished us. You want the nation to believe that Zanu PF knows what it is doing when the reality on the ground is saying otherwise. You the nation to believe Zanu PF won the elections when we all saw the blatant vote rigging. President Mugabe, you and the rest in Zanu PF are asking for too much and are not listening to what we want!
We want to have a meaningful say in the governance of this country; we want all the democratic reforms implemented and an end to this political culture of violence and rigged elections. We demand free, fair and credible elections as a birth right and not some privilege to be given to some and denied to other as President Mugabe and Zanu PF sees fit!
Source - Patrick Guramatunhu
