Dont grab, create new firms, Zhuwao told

via Dont grab, create new firms, Zhuwao told – NewZimbabwe 24/01/2016

UNIVERSITY of Zimbabwe Economics Department Chairperson Dr Pheneas Kadenge says government should encourage the creation of new indigenous enterprises instead of targeting existing foreign and white owned businesses, warning that the latter would have disastrous outcomes.

“The indigenisation of enterprises does not necessarily lead to economic expansion; what is required for that to happen is economic empowerment itself,” Kadenge told a business meeting which was graced by Indigenisation minister Patrick Zhuwao in Harare last week.

He added: “And really the point here is that there is need for strong support for the establishment of new indigenous enterprises, why don’t we encourage the establishment of new indigenous enterprises rather than taking over existing ones.”

Kadenge warned that continued seizure of foreign-owned companies without economically empowering the grabbers was a recipe for disaster.

“You can have economic indigenisation without economic empowerment like what is happening in the case of farms; there is just a change in the ownership but the persons on the land cannot produce because they are not economically empowered,” said Kadenge after he had warned the meeting that “I am going to tell the truth”.

Zhuwao, however, insisted that government was not going to re-open debate on indigenisation.

“The position from a policy point of view is extremely clear, ( Totongo gara nayo yatofanana nechirwere kana watoenda kuNew Start centre waongororwa ropa wangoziva kuti ndozviripo wotopinda pachirongwa) It is like HIV after you have tested positive; you have no option but to start taking Anti-Retroviral drugs,” said Zhuwao.

“No matter how much you may want to turn around and say to political powers listen can we re-look at this, the political powers have been given a particular mandate. So, it will be a waste of time to talk about renegotiating the policy that is a reality; that we need to live with.”

The indigenisation laws which dictate that foreigners get minority share-holding in business ventures with locals have divided the President Mugabe administration with conflicting statements coming from cabinet ministers.

Many observers blame the law for the reduced investment zeal from would be investors who fear losing their firms if they start their businesses without government clarity on the measures.

Last week, Australia said its nationals were seating on the fence with their “long” term investment plans waiting for government to clarify the black empowerment laws.

COMMENTS

WORDPRESS: 12
  • comment-avatar
    C Frizell 5 years ago

    So, nothing changes? Stupidity and greed win again. Pamberu ne Zanoooo

  • comment-avatar
    Sekuru Murehwa 5 years ago

    Zhuwao is a disgrace, just like the aunt. when you take over the businesses owned by whites does that crate jobs for the peopl? instead of thinking broadly all you do is think of grabbing. you really disgusting. how many graduates do we have each year who are selling airtime on roads because of selfish people like Zhuwao. Each time l think of this name my spirit faints. God help us, Zimbabwe has bee turned into a circus by this family, brood of vipers.

  • comment-avatar

    Zhuwao is a disgrace, just like the aunt. when you take over the businesses owned by whites does that crate jobs for the people? instead of thinking broadly all you do is think of grabbing. you really disgusting. how many graduates do we have each year who are selling airtime on roads because of selfish people like Zhuwao. Each time l think of this name my spirit faints. God help us, Zimbabwe has bee turned into a circus by this family, brood of vipers.

  • comment-avatar
    Tiger Shona 5 years ago

    Well done Mr. Kadenge

  • comment-avatar
    IAN SMITH 5 years ago

    Zhuwao do take note. “Stupidity is the same as evil if you judge by the results.”
    ― Margaret Atwood,

  • comment-avatar
    Nyoni 5 years ago

    What school did this Mugabes child go to. In fact did it go to any school at all. Blind rascism from someone who has nver grown up knowing it.

  • comment-avatar
    C Frizell 5 years ago

    I would be embarrassed if I was so useless that I had to steal someone else’s business or farm.

    But it seems that to a great number of people the motto is, “If you can’t do it yourself – just steal it”

  • comment-avatar
    Zambuko 5 years ago

    Grace.

    I want some shopping therapy.

    What do you have in mind dear?

    Give me a list of foreign owned businesses.

    Will do dear. Sugar?

    Just the one.

  • comment-avatar
    Zambezi 5 years ago

    Too bone idle to start-up their own businesses – too much hard work required – too much thinking required….. welcome to ZANUPF!!!!!

    We Zimbabweans have always been regarded as hard working, honest, educated individuals – sadly, this is now no longer what is thought of us. The world only thinks of us as a thieving, lazy, racist nation… because of a few CHEFS and their families.

    Empowerment… “Give a man a fish, and he will become a begger”, “Teach a man to fish, and he will become a businessman……”.

    Aye…. My country…. I cry for you!!!!

  • comment-avatar
    Patriot 5 years ago

    Wanting to reap where you did not sow……..better to create an environment where entrepreneurs of all races can succeed.

    For that you need the rule of law, respect for each other, and zero tolerance for corruption. The Debt Assumption Bill last year was a nice little tidy up to clear the extreme corruption from the Gono Era. Lets not repeat mistakes.

  • comment-avatar
    Mazano Rewayi 5 years ago

    Poor souls we sure are. The world is getting smaller by the day. The “boundaries” drawn by the imperial drunkards in Berlin 130 years ago no longer mean much. To call ourselves indigenous on the basis of these foolish lines is idiocy. We need to stand up and compete. There are 7.5 billion customers out there waiting for our products, wherever we produce them. Fighting over Rhodes’s legacy and Smith’s construct is folly of the highest order. For our stupid politicians – Better be small fish in a big sea than tadpoles in a mud pond! Quoting your own foolish policy as if it is the Ten Commandments from God himself is frankly, madness. With this kind of “leaders” we are doomed. Zpf out.

  • comment-avatar

    Dont grab, create new firms, Zhuwao told….THEY WOULD IF THEY COULD BUT THEY CANT’T SO THEY DON’T…EASIER TO STEAL..