The
sight of the empty ZimAsset begging bowl is forcing Mugabe and his cronies to denounce
their myopic indigenisation policy as “nonsense”.
“I have indicated in private discussions with investors that what is sometimes peddled that you bring in your $20 million and we take 51% of that is nonsense and let it go out that it is nonsense,” Finance Minister Patrick Chinamasa has said.
“We have never said it
and we will not do it. That is one area that needs to be emphasised over and
over again. We are not going to get 51% of anyone’s money, it is not the policy
of this government,” Chinamasa said
Yes, Minister Chinamasa; Mugabe and other Zanu PF officials include Minister Kasukuwere have said foreign owned companied including Banks were to cede 51% of their shares to blacks. They have said it countless times! At the Zanu PF congress in December 2013, Mugabe said there was no going back on this Zanu PF policy.
ZimAsset, Mugabe’s flagship economic recovery blue-print, flopped; no one, not even the Chinese, have contributed a penny to the programme. Instead of asking for a modest amount Mugabe had asked for $27 billion and the empty ZimAsset begging bowl is mocking him. The Minister’s attempt to sugar coat this cyanide pill by denying the regime ever proposed the policy is laughable and a measure of just how desperate the regime is to get some money into its begging bowl!
The
Finance Minister said government was now working on a policy framework that
will clearly spell out the indigenisation thresholds for the economy’s
different sectors.
“What we have said is
that we want to encourage local participation and they will do it on the basis
of a given framework and they will pick their own local partner and decide the
price,” said the Minister.
In
other words the regime is not insisting on the 51% of the shares, in the banking
sector at least, but has yet to decide on what the new percentage will be. Well
that is just about as reassuring as being told there are no more crocodiles in
a river known for its killer crocs just because none has been enter the muddy
waters!
It
is not just the regime's indigenisation policy that is has scared away would be
investors and ZimAsset funders alike; there is the scourge of the rampant corruption
the regime has failed to address all these last 34 years and, without doubt the
mother of all the regimes problems, the problem of lawlessness.
No
amount of tinkering with economic policies will change the Zanu PF regime’s
image of a one not to be trusted. How many times has the regime said one thing
and then done the exact opposite the next day? By blatantly rigging the 2013
elections Mugabe not only demonstrated his contemptuous disregard of the rule
of law but, worse still, made his regime illegitimate.
How
can anyone trust a regime that has so blatantly and without any sign of remorse
violated the right of millions of its people to a meaningful vote, thus committing
high treason, to honour and guarantee a less stringent right such as the right
to own property? How can an illegitimate regime be the fountain of law and be
trusted to uphold the rule of law!
8 comments:
@ New Zimbabwean
There is a world of difference between a mere label and the truth. Calling Mugabe a corrupt and murderous tyrant is more than a label it is the truth. There is the country's economic melt-down, idiots like Philip Chiyangwa, Obert Mpofu, Mai Mujuru include Mugabe himself who will never explain where their huge fortunes came from either than corruption. The tyrant has murdered over 30 000 innocent Zimbabweans to establish and retain this dictatorship. These are all historic facts and, before you ask, they will be proven beyond doubt the day the regime s forced out of office.
Mugabe blatantly rigged the last elections to stay in power and stop the facts of his past coming out, but as you can see the tyrant is failing to rig economic recovery and it is the economy that is spelling his final demise!
You are calling me an idiot because I dare say the truth about Mugabe. If I am an idiot or speaking the truth then that is a label that will never stick because only an idiot would utter such nonsense
@ Shumbar
Zimbabweans are a naïve and gullible lot; that much I will admit. Still the majority of Zim-babweans did not vote for Mugabe in 2013. They were foolish enough to believe Tsvangirai’s promise that the weak and feeble Copac constitution would bring free and fair elections. It was the failure to implement the reforms plus the weak new constitution that allowed Mugabe to blatantly rig the elections.
It is true that many Zimbabweans have yet to figure it out how Mugabe rigged the elections and to see the connection with the democratic reforms. Tsvangirai and many of his MDC friends are as much in the dark on these issues which makes one wonder how the idiot plans to end the Zanu PF dictatorship.
Still it is important to distinguish between Mugabe rigging the elections and the people voting for him because there is a world of difference!
@ New Zimbabwean
You can be rest assured that the truth of what has happened under this murderous dictatorship will be properly documented and those responsible punished. You want evidence of the vote rigging you will have it. You asking for evidence of the people Mugabe murdered you will have that too plus a lot more beside! We only have to catch one of his thugs and he rat will rat on who else was involved - it is in the nature of rats to tell on their fellow rats!
We will know who is hiding behind the name New Zimbabwean, for example, and more significantly what dirty work you have done for Mugabe.
@ Rafique 702
Mugabe has perfected the art of diverting the nation's attention from the important issues with trivia but there is a limit. Mugabe is now like someone making bad jokes at a funeral; no one is paying attention to what he is saying but question his motive for saying all these stupid things!
80% plus of the people are out of work and hundreds more are losing their jobs every month and all he talks about is Europe's homosexuals? He clearly does not care about the daily hardships millions are facing and the sense of hopelessness covering the whole nation. It is this careless indifference that breeds hatred.
Given half a chance Zimbabweans will kill Mugabe the same way Libyans dispatched Gaddafi that is what deep seated hatred of a tyrant does to a nation!
@ Nofool
You some to be hanging all your hopes on these EU "pusillanimous policy towards Muga-be.” What Mugabe needs desperately right now is cash in that empty ZmAsset begging bowl the EU know and are not going to give him a penny! If Mugabe thought he will force the EU to give him some money threatening to deport any diplomats who support "homosexuality" in Zimbabwe the idiot has the wrong end of the stick. He can start the deportations because is NOT getting a penny into that begging bowl!
He was expecting $27 billion into that ZimAsset begging bowl; he is like a hunter who takes with him a whole army of assistant to help him carry back the game he is sure to kill five ku-dus, ten buffalo, twenty impalas, etc. only to return empty handed without killing even a lo-cust! That empty begging bowl is mocking Mugabe; how he must be wishing he had asked for a more modest amount like $4 billion as MDC had done for their JUICE!
Instead of a plate-size begging bowl Mugabe has an Olympic swimming - size begging bowl. What a joke!
“The essential basis for a growing economy is confidence. Confidence that government poli-cies will be predictable and implemented consistently; confidence that private property and intellectual property will be protected; confidence that courts will treat all people fairly in accordance with the law," said US Ambassador Bruce Wharton.
But what can a regime that has so blatantly rigged elections committing high treason ever be trusted to honour lesser laws like property rights? When it comes to getting what they want; Mugabe and Zanu PF have shown that they will stop at nothing; whatever assurance the regime may give now they will all be brushed aside the next day to suit the regime’s selfish agenda.
The regime has no respect of the rule of law and does not care about the suffering the eco-nomic melt-down is causing. By rigging the elections the regime placed itself above the will of the people and the law. The regime is illegitimate and what Zimbabwe needs to move forward is a legitimate government. We need fresh free and fair elections.
Mugabe should stop wasting time tinkering with the indigenisation policy, implementing half-hearted measure to cub the rampant corruption, etc. none of these things will restore the confidence that the regime can be trusted.
Ambassador Wharton we should cut out the diplomatic niceties; Mugabe is illegitimate; he must go, period!
@ Djose
When a Minister publicly call a flagship policy "nonsense" it is much more than "a minor clarification". Not that it matters because it is all too little too late!
Minister Chinamasa is once again in denial of Zimbabwe’s economic problems.
“The land reform programme and resulting sanctions that were imposed have caused the arrears, but as far as they (IMF and other creditors) are concerned, they don’t accept that,” the minister told reporters.
“They say it’s because of poor policies and basically I dispute that. It’s not because of poor policies, it’s because our land reform has come at a heavy cost.
“And one of the costs is sanctions debilitating our economy, incapacitating our economy, and our country failing to meet its international obligations,” he said
Zimbabwe was already up to her ears in debt before the sanctions were imposed, Chinamasa is lying and he knows it!
How can the world take this regime serious if it cannot be trusted to face its own mistakes honestly!
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