Respect property rights first

via Editor | The Zimbabwean | Zimbabwe News. 16 June 2014

 

The Zanu (PF) government is talking loudly about how it plans to make the indigenisation policy more attractive to investors by making shareholding demands sector specific rather than adopting a one-size-fits-all approach.

It is clear that this abandonment of the hard-core stance that had become synonymous with indigenisation is meant as a desperate, last-ditch, piece-meal strategy to convince investors to start pouring money into the country to rescue the moribund economy.

However, if it is investor confidence that Mugabe and his government are looking for, they are obviously not doing enough. They seem to have forgotten that one of the main reasons why they got into trouble with both local and international investors in the first place was that they showed a stubborn disrespect for property rights. So if they genuinely want to see economic recovery they must adopt a positive and holistic way of restoring and respecting property rights. There are no short cuts.

Widespread reports of the invasion of conservancies, farms and other properties have hit the headlines once again. Army officers, politicians and selfish individuals masquerading as war veterans are once again grabbing properties willy-nilly.

What is particularly disturbing about this is that the government does not seem to have the capacity to deal with the invaders, who seem to have developed a thick skin and now refuse to listen even to their senior leaders. No investors would want to risk their shareholders’ money investing in a country so obviously full of lawlessness. They do not want to risk their properties being seized at the drop of a hat.

The government, starting with the Head of State, must urgently address the problem of property rights. They have to deal with past offenders and put in place an effective mechanism to compensate those who have lost their properties in the past.

Even if they completely ditched the indigenisation policy, investors would still shun this country if there continued to be no guarantee that property rights would be respected in the future. The trouble is – nobody believes what they say any more. If they want people to take them seriously they have to ACT.

 

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7 comments on “Respect property rights first
  1. Gomogranny says:

    ZANU are too thick to recognise the connection between property rights and investment. Too thick and too used to stealing what is not theirs. Title Deeds underpin a stable economy and any sound investment. There is no way around it. Pay up – your chickens are coming home to roost! Suffer you b**tds, suffer.

  2. zanupf fear me says:

    Soon u zanoids we won’t recognize your ‘ title deeds ‘ . By the way kaukonde chiyangwa mliswa grace etc etc in terms of the bogus land reform legislation we will invade your I’ll gotten palaces and turn them into orphanages etc. Remember also that treason by law is punishable by death. There will be thousands applying for job of hangman. Wow he will be a very busy executioner when the Chinese curtain falls

  3. John Thomas says:

    Our much degreed ZANU government has the economic understanding of an itinerant parking lot vegetable seller. They need help and advice, but are far too arrogant and guilty to listen. ZimAsset is a childlike dream.

    • Gomogranny says:

      ZIMASSET, ZIMASSET it might as well be a football chant and perfectly reflects the brainless bunch who laud over us: AN ASSET – first what is that asset and second if you have to prove an asset belongs to you the how do you do that? AH yes – THAT is what a TITLE DEED does………dduuuh! No property right = NO ASSET, stupid. Yes ZANU we are talking to YOU. A TITLE DEED is not a piece of toilet paper (unless you are in Zimbabwe)

    • Fake degrees and diplomas courtesy of Zimsec, ZOU and fake external universities! The only degrees they have are those in violence!

  4. Roving Ambassador says:

    Vegetable seller still makes a profit. ZANU kills the milking cow.

  5. Mlimo says:

    No one wants zanupf what don’t they understand? Doesn’t matter if you cast the right of tenure in stone no one will believe zanupf won’t renegade on their laws. This is to get more money in so the looting can continue but the end is in sight. So we don’t care. Any loans and agreements wil not be respected by the new govt. be warned.

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