Sound policies key to economy

HARARE - President Robert Mugabe and his Zanu PF party have a mammoth task of convincing a sceptical world that Zimbabwe can grow its economy.

There is no doubt that the gains of the four-year transitional government are at risk of being reversed as the world shivers at the prospect of a five-year Zanu PF-driven economy.

The jittery is understandable given some of the hawkish policies implemented by the liberation movement such as the controversial indigenisation and empowerment legislation.

Indigenisation  policy dictates that foreigners cede 51 percent stake in local companies without compensation.

And this week’s plunge in share prices on the local bourse is in reaction to such policies and the prospects of it being fully implemented.

More than 1 000 foreign-owned companies are targeted and there are no assurances that Zanu PF will defer the implementation given that the empowerment and creation mantra formed its trump cards in the run up to last month’s election.

But this is an opportunity for Mugabe to correct the wrongs of the past and put in motion a plan that rejuvenates the economy.

Zimbabwe needs an economic blueprint that is not only good on paper but also in practice.

What the economy needs are men and women whose ideas must be respected and implanted not the tokenism that has previously accompanied Cabinet appointments where technocrats were appointed but their advice ignored.

Mugabe must prove his doubters wrong.

This is the time to do that.

While his inauguration speech will largely point the direction Zimbabwe will take, his Cabinet should raise hopes that our country will rise again.

A cursory glance at what is at his disposal shows a man with little options in terms of having fresh ideas that are consistent with the ever evolving economic world.

This is why he will need to take a look at technocrats and young blood well-grounded in constructive policies that are deeply detached from the ‘‘bush’’ ideologies that Zanu PF still carries to this day.

It is our hope that a Zanu PF government will not drag the country backwards as it continues its onslaught against the West.

Politics of today require accommodation and Zimbabwe must shed off some of its indignant attitudes towards those who can help it recover its way.

It is true that Zimbabwe must never be a colony again but it also a reality that Zimbabwe cannot go it alone.

We need each other but Zimbabwe must show the world that it is ready for engagement and has abandoned its confrontational attitude towards those who can help her.

Comments (6)

ZANU PF should swallow their pride and accept that they need the WEST,Truly speaking the LOOK EAST POLICY did not work ,so this thing of doing business with CHINA is a transaction that leave us on the lossing end everytime.As for now the only answer to this crisis is to go WEST .ZANU should stop living in the past the world is changing everyday ,Our Agricultural sector is in shambles as we speak ,we talk of TOBBACO as major foreign currency earner but this commodity is being phased out by a lot of countries causing us to be affected negatively on our foregn currency earnings.There is no TECHNOCRAT who can change this situation without the INTERNATIONAL community ,so the first thing that must be done is to go back to the world & leave politics out of this .

CASHTALK - 9 August 2013

ZANU PF should swallow their pride and accept that they need the WEST,Truly speaking the LOOK EAST POLICY did not work ,so this thing of doing business with CHINA is a transaction that leave us on the lossing end everytime.As for now the only answer to this crisis is to go WEST .ZANU should stop living in the past the world is changing everyday ,Our Agricultural sector is in shambles as we speak ,we talk of TOBBACO as major foreign currency earner but this commodity is being phased out by a lot of countries causing us to be affected negatively on our foregn currency earnings.There is no TECHNOCRAT who can change this situation without the INTERNATIONAL community ,so the first thing that must be done is to go back to the world & leave politics out of this .

CASHTALK - 9 August 2013

ZANU PF should swallow their pride and accept that they need the WEST,Truly speaking the LOOK EAST POLICY did not work ,so this thing of doing business with CHINA is a transaction that leave us on the lossing end everytime.As for now the only answer to this crisis is to go WEST .ZANU should stop living in the past the world is changing everyday ,Our Agricultural sector is in shambles as we speak ,we talk of TOBBACO as major foreign currency earner but this commodity is being phased out by a lot of countries causing us to be affected negatively on our foregn currency earnings.There is no TECHNOCRAT who can change this situation without the INTERNATIONAL community ,so the first thing that must be done is to go back to the world & leave politics out of this .

CASHTALK - 9 August 2013

Some technocrats have resorted only to writing 5 pages in the newspapers.That efforts shows that its either they underemployed and they have no space to test their ideas through implementation.

TRUTH - 10 August 2013

It is going to be a miracle for a system that has been around for the past 33 years with the same leader to suddenly changes and implement sound policies to rescue the economy after stealing the elections.let's see maybe its possible since now the leader is madzibaba Gabrial.

chimwango - 10 August 2013

We can all see that the "Look East Policy" is not going to pick Zimbabwe's economy up. Because off the reputation of our newly "Re-elected" leadership, I cannot see the West getting friendly with them. Speaking to people on the ground, it is very obvious that most people voted for Zanu out of fear. This indiginization policy is bound to hammer the economy in the same manner that the land reform did.

Tiger Shona - 11 August 2013

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