War vets slam looming takeover of companies

via War vets slam looming takeover of companies – NewsDay Zimbabwe March 29, 2016

WAR veterans’ national chairman Christopher Mutsvangwa has raised concern over the proposed “nationalisation” of companies accused of defying government’s indigenisation laws.


Mutsvangwa told NewsDay in an interview yesterday that the former fighters would oppose government’s move to “nationalise” companies that would have failed to cede 51% shares to local investors by April 1.

“It is a plan to loot the country’s resources and we will not fold our hands. War veterans want a country that is open to business, that is attractive to investment from anyone and there is no need for us to slam doors in the faces of those who want to bring in new money,” Mutsvangwa said ahead of the April 1 deadline issued by Indigenisation minister Patrick Zhuwao.

Zhuwao has indicated that companies that would have failed to comply risk having their registration licences withdrawn by government, but Mutsvangwa claimed the threat was to force companies to part with money that would “end up in the wrong pockets”.

“They (ministers) are parcelling out to each other money that should be going into the Consolidated Revenue Fund to finance their egoistic rush to build 50-roomed houses. Every minister wants to control some kind of levy. It has happened to the Zimbabwe Revenue Authority (Zimra) with the creation of the Border Control Authority,” Mutsvangwa said.

“These kinds of levies, including the fines being collected by the Zimbabwe Republic Police, are not benefiting the country, but individuals. That should be stopped; it is an assault on the very essence of our nationhood. We are in opposition to expropriation, but want a new modern State open to capital.”

Zhuwao, in response, said if war veterans had any issues with a particular government policy, they should follow correct channels to air their grievances.

“I am not sure war veterans would want to give instructions to me. Their patron (President Robert Mugabe) and other members of their association were part of a collective Cabinet decision that I announced,” Zhuwao said.

He added: “It is hard for me to think that chairman Mutsvangwa would say such things when he is aware of Cabinet processes. I am certain they would not want to give me instructions because that would be tantamount to usurping the powers of my appointing authority (Mugabe), their patron.”


  • comment-avatar
    Joe Cool 8 years ago

    Always hiding behind the uncle’s name.

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    njabulo jb 8 years ago

    Now this country is going down for ever..wait an cee with this stuped clueless thinking government.

  • comment-avatar
    njabulo jb 8 years ago

    Now this country is going down for ever..wait an cee with this stuped clueless thinking government,someone must be held responsible on this.

  • comment-avatar
    Donato 8 years ago

    nyika yacho yangova yeOne family here nhai veduwe?

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    The 51 percent legislation must be followed to the later or else it is corruption at large.

    Zimbabweans are simply paying US$150 to register a company or buy a shelf company for US$30. They copy multi-million dollar projects on the internet and then approach government institutions to tender these services. Through connections such as Generation 40, G40, they are allowed to search on the internet for multinational conglomerates doing such business elsewhere. The indegenisation minister make noise that these companies can not set foot in Zimbabwe without the 51% so big companies are told to get into a one off contract Outside Zimbabwe with individuals (G40) and then come to operate as if these Zimbabweans have set a business here.

    All companies running in our mining, parastatals are foreign but they have local representation from the faction of G40 headed of cause by Kasukuviri. They are making billions purporting to love the President and sponsoring his family and campaigns.

    What a shame Zimbabwe!

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    They are going to do this because their policy on the farms is working so well…. they will not be happy until we are ALL starving… signs of madness….