EDITORIAL COMMENT: Zanu PF out of touch with reality

HARARE -  A few days ago, the former ruling party Zanu PF unveiled its 2013 election manifesto.

The dossier, pointing out the party’s plans or intentions on driving forward Zimbabwe’s economy, starkly shows Zanu PF’s fallacy.

It exposes how the President Robert Mugabe-led party is so detached from the realities on the ground.

The manifesto, themed: Indigenise, Empower, Develop and Create Employment, shows how Zanu PF is bent on continuing with its policies, having spent 33 years destroying the economy.

It outlines the party’s 22 goals, key among them indigenisation, job creation, housing and unlocking of minerals value.

There seems nothing new in this.

Over the 33 years Zanu PF has been in power, it has done nothing but bring down the country — once the bread basket of Africa and the continent’s promising economy.

It does not need a rocket scientist to note that Zanu PF policies have failed and rather, led to the country’s economic demise.

While empowerment is a noble idea, it should be done or implemented in an orderly way, taking into account the consequences and timing, which Zanu PF has failed.

It all started with the land reform in the late 1990s.

The chaotic repossession of land by black locals led to the total collapse of the country’s agricultural sector.

As if that was not enough, Zanu PF — in the name of empowerment — again introduced the indigenisation policy, compelling all foreign-owned firms to cede at least 51 percent shareholding to black locals.

It has been disastrous again. At a time Zimbabwe’s economy — still suffering a hangover from a decade-long economic decline — desperately needs foreign investment, the Indigenisation Act scared away investors.

There is lack of coherence in Zanu PF’s policies. In this manifesto, the party targets to create 2, 2 million jobs in the next five years.

How is this going to happen when you are scaring away investors?

The manufacturing sector and industry at large is struggling, operating at below 50 percent capacity.

Why? Because of lack of investor participation and limited lines of credit, particularly offshore, among other challenges.

In its latest manifesto, Zanu PF is not giving up on these economy-damaging policies.

“The essence of the policy is to take back the economy by indigenising at least 51 percent of the shareholding of at least 1 138 foreign-owned companies and unlocking empowerment value from idle assets of proven mineral claims and others in the hands of parastatals and local authorities to enable indigenous Zimbabweans to own 100 percent of business enterprises across the economy,” the manifesto has been quoted as saying.

Comments (4)

ZANU(PF) IS THE RULING PARTY and has been ruling since before and after the Government of National Unity---This is a bitter truth. What it says come to pass the latest example is the proclamation that harmonized election will be held on 31 July 2013. This was the ruling party, ZANU(PF)'s wish. The problem is that the mercenary editors of the Daily News will as expected of their ilk will write to please their paymasters. Typical of diehard mercenaries, they are bereft of conscience or morality where money is dangled in front of them. WHETHER THEY LIKE IT OR NOT ZANU (PF) HAS BEEN RULING THIS COUNTRY FOR THE PAST FIVE YEARS. THIS IS A FACT AT THIS POINT IN TIME. WHAT HAPPENS AFTER 31 JULY IS WILL BE DECIDED THEN.

Rabison Nyundo - 11 July 2013

Yes Zanu PF has been ruling this country through trickery for the last four years by deceit clearly proving that it was unprincipled and insincere partner. Zanu PF signed the GPA willingly unlike the two MDC formations who were coerced into it because of national interests. If Zanu PF had the national interests at heart as when it signed the GPA five years ago, it would not be bragging of having ruled the country on its own for the fast four years. Nobody forced it to sign the GPA in 2008.

Tapera Yemurai Choto - 12 July 2013

Tapera Yemurai Choto you are entiitled to your views. I glad you concede that ZANU(PF) was ruling for the duration of the GPA......how is another issue. What you should realise is that politicals is the art of the possible. The means justify the end. At the end of the day, success is what matters.

Robison Nyundo - 12 July 2013

You have said it all ! Pity your voice is inaudible to the sheep led by our former striker in chief now without any marbles left. The hyenas in his camp want to finish off what is left of this country.

MUONI - 14 July 2013

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