With the deadline of January 2014 for foreigners to handover 51% of their shares looming; the looters were getting as excited as hyenas at the smell of blood. So Minister Nhema has been forced to step in and hold back the hyenas. So the Minister told the concerned foreign business owners that they should not entertain individuals who seek partnerships or takeovers without going through the National Indigenisation and Economic Empowerment Board (Nieeb).
“We are a business community, which should follow proper business procedures and maintain sanity in our country,” the Minister said.
Minister Nhema what you are doing is called looting. No business school will teach you that anyone could ever prosper from reaping where they did not sow. So what “proper business procedures” are you wittering about!
Unemployment is seating at a nauseating 85% plus, the Zimbabwe economy is in dare straits and the Zimbabwe government is broke following the reckless spending by Mugabe to pay for the vote rigging operations. Zimbabwe should be bending over backwards to keep the few businesses still operating in the country, to attract new investors and to attract financial help. Instead Mugabe and Zanu PF are kissing goodbye to any chance of economic recovery by continuing to pursue the country’s looting policies in the thin disguise of indigenisation.
Zimbabwe is in a deep hole. When you are in a hole; stop digging! None of the foreign business owners and would-be investors and financers will be assured the appointment of NIEEB, a board to supervise the looting.