Posted on 05/09/2011 8:22:28 AM PDT by vikingd00d
BULAWAYO - Zimbabwe’s black empowerment lobby group has accused foreign owned companies of sabotaging the controversial indigenisation policy by deliberately closing shop and stripping assets to avoid take-over.
Affirmative Action Group (AAG) regional treasurer, Elias Mashava on Wednesday said the indigenisation drive faces a setback if no action was taken against the companies.
“We have a situation here where some companies are deliberately closing, stripping assets and selling machinery so that they are not included when the indigenisation drive is in full swing.
“The government should take action against such companies who want to sabotage the black empowerment policy,” Mashava told business leaders attending a business conference at the just ended Zimbabwe International Trade Fair.
Prince Mupazviriho, the Youth Development, Indigenisation and Empowerment permanent secretary said the ministry had received information on companies that were closing shop to evade the empowerment laws.
Mupazviriho and Mashava could however not name the “culprits”.
The one day conference on Wednesday was held alongside the country’s annual premier trade showcase.
The conference, opened by Vice President Joyce Mujuru, was held under the theme “Optimising Growth Synergies in an Emerging Investment Destination: Turning Opportunities into Value.’
Deputy Prime Minister, Thokozani Khupe among other government Ministers attended the conference.
President Mugabe has vowed to forge ahead with plans to handover 51% of shareholding of white owned companies to blacks to enable locals to own the country’s resources.
Mugabe at the launch of the anti-sanctions campaign urged party supporters to seize foreign owned companies as way of pushing the West to remove sanctions slapped on him and his close allies.
The veteran ruler argues that seizures of white-owned farms and now the indigenisation programme serve as concrete and living examples of empowerment programmes designed chiefly to redress the historic imbalances in ownership of the economy.
The MDC-T and critics have expressed concern that the black empowerment programmes will chase away much needed investment and fear that like the land reform programme, Mugabe’s loyalists would benefit.
So after seizing the farms, the land goes fallow and the country has to import food. Take the industry and the equipment rusts. Thug communism at its best, coming to a neighborhood like yours.
Mugabe is running out of villains. What’s he going to do when 100% is reality?
Mugabe
She spoke evenly, looking straight at him. "If you want to know, I have left nothing but junk on the San Sebastian Line, and as little of that as possible. I have moved everything that could be moved—switch engines, shop tools, even typewriters and mirrors—out of Mexico.""Why in blazes?"
"So that the looters won't have too much to loot when they nationalize the line."
Zimbabwe used to be the “Bread Basket” of Africa as a net exporter of food. Now the country is poverty stricken and has to import food. More proof that Communist policies are a failure.
These assjacks have to learn that just like farming, there are 4 seasons to capital.
Whatever they take will just be squandered and lost, just like their “farming”. Just like any lottery here, within 18 months the windfall is given up and the individual is restored to his original station in life.... and probably with fewer friends.
The communist parrots and monkeys will have a few days of partying, then it will be worse than before.
Idiot assjacks.
Any non “Indigenous” person still in Zimbabwe should RUN. Get the Hell out! Let these savages start eating each other and the sooner the better! They have eaten virtually everything produced by their betters. Let’s see how they do on their own!
So long, Rhodesia...
...and a big 'Thank You' to America for all your rabid anti colonial help.
...and a big 'Thank You' to America for all your rabid anti colonial help.
And to think that Mugabe was educated at the London School of Economics. You’d think an economist would know better, but, then, Paul Krugman’s an economist, too. So, I guess that negates my point.
More important is to remember that Mugabe was elected to transfer wealth.
He's destroying it and creating a subsistence society based on peasant values, just like our progressives want for America.
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