Friday, 3 January 2014

Mugabe makes U-turn on flag-ship indigenisation policy but only to shoot himself in the foot!


Zanu PF has repeatedly said all foreign owned businesses in certain sectors such as bakery, retail, etc. must other sell 51% shares of their business to black Zimbabweans or sell everything by 1st January 2014. Those who do not do so will be forced to sell. The deadline day has come and gone and none of the white-owned farms invasions of the last 13 years have taken place.

 

Minister Nhema has made a humiliating U-Turn; the foreigner will be allowed to continue owning their business for another four years unmolested.  “In some areas, they will be given four years in some areas, five. It all depends on the area and individual circumstances,” he said

 

A few weeks ago, at the Zanu PF Congress, Mugabe said the takeover will go ahead contrary to what Minister Nhema had been saying all along. Well the deadline of 1st January 2014 has come and no foreigner-owned business has been taken away. Not even one.

 

The threatened takeover of foreign businesses was all hot-air. Not that there were that many businesses to loot anywhere. This is sure a humiliating U-Turn for Zanu PF but more so Robert Mugabe himself.

 
What makes the U-Turn a real tragedy is that not only has Zanu PF and Mugabe been humiliated but the grudging way the U-Turn was made has not done anything to restore confidence in the business sector. The threat of Zanu PF thugs walking in and taking over someone else's business continues to hangover the foreign business owners like the sword of Damocles. So none of these business owners would want to invest another penny in their business; they would be foolish to draw Zanu PF thugs’ attention onto themselves. There will be no new foreign investors; that goes without saying.

4 comments:

Zimbabwe Light said...

National Indigenisation Economic Empowerment Board (NIEEB) chief, Wilson Gwatiringa, said most of the foreign retail business owners are Nigerians or Chinese and that 90% of them are not paying tax. The pressure on foreign business owner is relentless!

Zimbabwe Light said...

We have to shut these dead horses, they are making too much noise; how is one supposed to hear oneself think with all that empty drum racket!

Zimbabwe Light said...

@ Azad

Pray for what? For some one to come and liberate us because we are too lazy to do so ourselves. The solutions to Africa's problems of mismanagement, corruption political repression are staring us in the face - the ruled must hold the rulers to account. We must have a fully functional democratic system of government in place of our autocratic and totalitarian systems. We have working and well established democratic systems to learn and copy from ; we do not need to reinvent the wheel.



The only reason why we have not adopted democracy is because we are too lazy to learn the system and make it work. Yes let us pray although we are not even sure what we would want to ask from God. Just as well because if the Lord was to ask why we need help when other nations have done well without His help we will have to admit "because we are too lazy to do what those other nations have done!"



Of course the Lord is not going to hear our prayers because He only helps those who help themselves.



Where other nations have used their resources and talents well and have harvested a hundred, a thousand and a million fold; we have notorious for our mismanagement and corruption. And so. like the servant who failed to make use of the money his master had left him, "the little he has will be taken away" said Jesus.



I suppose you will soon be blaming God for not answering your prayers to help end Africa's problems because no help will ever come. God gave Africans the brains same as everyone else; it is not God's problems that Africans brains have turned to fatty tissue for lack of exercise!



Pray?! Yeah that is the lazy man's answer to everything - ask some one else, in this case GOD, to do everything for him!

Zimbabwe Light said...

@ S Terrill

Kagame has turned out to be just another typical African tyrant - he said the right think when he first arrived but transformed into a tyrant soon thereafter. He has destroyed all hope for the seed of democracy to take root and so the nightmare of another bloody uprising hangs over the nation like the sword of Damocles!

Paul Kagame is just another African tyrant, corrupt and ruthless!