via Has Mugabe seen the light? – DailyNews Live 26 MAY 2014
News that the cash-strapped government will review the indigenisation and empowerment policy with a view to lure investors, shows the seriousness of the economic situation facing the country.
Government announced at the weekend that there would be a review of the indigenous and empowerment policy to facilitate “sector-specific implementation.”
The review will allow investors to recover initial capital investment, receive an appropriate return on investment and recoup operational costs, it was said.
But there is no escaping from the fact that President Robert Mugabe and his colleagues in government have limited options to get the stuttering economy out of “jail.”
It is squeaky bum time for the leadership as the financial meltdown is being felt in huge proportions.
We have said it before, joining many choruses, how Mugabe and his cronies in Zanu PF need to adopt an approach that is investor-friendly in rolling out the implementation.
It must be noted that no one is against indigenisation and empowerment but its implementation in which former minister, Savior Kasukuwere, drove home the largely archaic one-size-fits-all, plan.
Just like the land reform programme in which many cool heads favoured a phased takeover with compensation, the indigenisation has had the same effect — scaring away investors.
The negative ripple effects of this have been felt especially after last year’s elections which saw massive capital flight out of the economy. Capital is timid and those who own it are so suspicious of those that they deal with if there are cloudy issues.
Now that Mugabe’s government is beginning to smell the coffee, we expect an aggressive campaign to lure investors to these shores. There is no doubt that we need massive capital injection and foreign direct investment to resuscitate industry and other sectors of the economy that are in a comatose state.
The Zanu PF government must swallow its liberation pride which we all admire although it is wrongly mentioned whenever faulty lines are exposed in the liberation movement.
Times have changed.
The world is fast-paced and there is need to embrace policies that help Zimbabweans grow the economy and their personal lives.
This is why a new policy shift on indigenisation and empowerment tickles progressive minds.
More importantly, it is a subtle but very real admission that Zimbabwe’s leadership has noticed the warnings of the route to quicksand.
COMMENTS
U journals so gullible naive. Can’t see beyond u noses
What light stupid ?
The global universe of investors will not be fooled by these bumpkins…….
Screw me once, shame on you,
Screw me twice, shame on me.
Nothing will change investment flow wise until these thieves are gone once and for all !!!!!
If Mugabe is seeing any light it must be through the hole in his butt. Nobody who counts is tickled by anything this travesty of a president says or does. ZANU must go.
Nobody is going to invest in Zimbabwe, it would be like throwing money away zanu is a joke nobody believes a word they say they lost all credibility long ago, until these clowns are gone things will get worse and worse. They could not run a bath let alone an economy
With astronomical levels of corruption and untrustworthy leadership, only crooks will come and join the looting expedition .
The Zanu looters are already setting their traps.
These announcements are meant to give hope to the restless masses. Do nit be fuled ,Zanu has no desire or will power to implement anything . Its the looting party.
Zanu must just go.
The only light Mugabe has seen is the light of self preservation. Don’t believe for a minute that any rethink on indigenisation is actually done with the interests Zimbabwe at heart. Bottom line to all of this propaganda and rhetoric on indigenisation will be whether or not they actually amend the existing statutes and regulations that currently drive the policy on stealing 51% of all white/foreign owned businesses.
No matter how sweet tongue they want sound, investment will never be in Zim when Zanu is power. They have been employing this stupid and tied trick to blind people when election are still far. No one will be fooled. ZANU MUST GO!!
Dream on if you think MUGABE has “seen the light”. Nobody with half a brain will invest until they are gone and a decent Government takes over.
Mummified policies have killed this nation called ZIMBABWE.
Seen the light? But the man is blind. And he’s 90.
With all the billions this lot have stolen are they unable to come up with an intelligent workable business plan for them to create industry, legitimate businesses? No it seems they stash everything abroad and look to see where they can steal more. After 34 years in power and the people are worse off than they were in the 50’s is a dismal failure of leadership. Don’t blame business for your own failings and ineptitude.
Lies, the gukurahundi will never see the light. He is 90 years – how do you expect such an old dog to change.
The world he lives in is all Black or White and nothing in between!!
Come election time, Mugabe will not see that light and go back to his old ways for self preservation. This guy is not worried about the economy or Zimbabwe. It’s about him.
if Bob can shout out to the world “Zimbabwe is Mine” Leave my Zimbabwe and then decides to change his tone – Dream On this man knows he is going to die any time from now – he is trying to go out as a saint pulling the wool over peoples eyes after squandering alot – he is no saint he is a real devil – people are not stupid
So much about Sekuru Bob & his accomplices. I hear the chorus “THEY MUST JUST GO!!!!”. The question we should answer & more importantly act on is HOW DO THEY GO???
Hamba Hamba Hamba Satan
Easy there are many ways for them to go
Bob The devil must go
The only light you,Mugabe, and your evil mentally retarded despots will see is the fire of hell.Suffer and rot you thieving murderer.