Govt revisiting policies: Mujuru

HARARE - Acting President Joice Mujuru yesterday said, her government was revising some of the controversial policies after facing serious economic challenges which she said need every person to put shoulder to wheel.

Mujuru told mourners at the burial of brigadier general John Zingoni, who was interred at the National Heroes’ Acre, that “government continues to revisit some of its policies, revise its modes of doing work.”

Populist policies such as indigenisation, which compels foreign companies to cede 51 percent of their shareholding to local blacks, have spooked investors, causing capital flight.

Invoking war, Mujuru said “the war years taught us a key slogan: ‘iwe neni tine basa’ (you and me have work to do).”

“It was and continues to be a slogan of self-application,” Mujuru said. “Even when things are hard, we stood by that slogan. It gave us inspiration and propelled us to victory. Let the same slogan continue to do the same as we march into the future.”

Zimbabwe is desperately seeking $27 billion to implement the economic blueprint, Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), aimed at resuscitating the economy, but it is stymied by lack of funding.

ZimAsset, the government’s policy framework document, covering the period between 2014 and 2018, seeks to grow the economy by 6,1 percent this year, create value of $7,3 billion from the indigenisation of 1 138 companies across 14 key sectors of the economy and unlock as much as $2 trillion in the economy. It has been dismissed as “pie in the sky” by economic analysts and Zanu PF critics.

But Mujuru claimed that Zimbabwe is poised for economic growth underpinned by an improved agricultural season.

“If one realises that this economy leans on agriculture, it should be clear we may be witnessing the beginning of recovery,” Mujuru said.

“Today as we bury Cde Zingoni, let us pledge ourselves to a new outlook, a positive outlook of embracing challenges and generating solutions.”

Mujuru told mourners, largely drawn from the Zimbabwe Defence Forces, that “only Zimbabweans, and no other people, will develop Zimbabwe.”

Zingoni is survived by his wife and three children.

Comments (13)

Hazvibatsire zvemaslogan emusango, this is national economy and needs morden economic policies that attract investment. What used to work in the days of liberation cannot work today. Thats why the economy is collapsing.

Edzai - 22 May 2014

you Have failed mabvumaka, ndatenda hangu newanoacceptor defeat

tuo - 22 May 2014

you Have failed mabvumaka, ndatenda hangu newanoacceptor defeat

tuo - 22 May 2014

'iwe neni tine basa' (you and me have work to do).” Well I say, you never consulted us when you came with these disastrous policies so very sorry but you are on your own

saundy - 22 May 2014

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ORIGINAL - 22 May 2014

Zanu PF is already showing signs that it bankrupt. Mujuru is causing families of Zisco steel to suffer after looting mercilessly. we dont want such leaders. ZimASSet is not an economic blueprint it is just an essay by Prof Moyo who destroyed ZBC with his jingles therefore zim ASSet is the last nail on the coffin.

citizen - 22 May 2014

Zanu PF is already showing signs that it bankrupt. Mujuru is causing families of Zisco steel to suffer after looting mercilessly. we dont want such leaders. ZimASSet is not an economic blueprint it is just an essay by Prof Moyo who destroyed ZBC with his jingles therefore zim ASSet is the last nail on the coffin.

citizen - 22 May 2014

I really don't know with others, but i find this woman so boring and dull.

reason - 23 May 2014

Slowly and painfully so, quite a sizeable chunk of our people in government are realising their foolhardiness and coming back to their senses, it has too long though and the damage caused will take equally longer to fix. The way in which indegenisation was being carried out only results in enriching a few who become very pompous like that humpty dumpty Wicknell that boasts everyday to the public on Facebook of his very recently acquired wealth through this warped policy.

Dr Know - 23 May 2014

kkkkkkkkkkk uneshuwa mujuru

obvious takuranavo - 23 May 2014

truly mai mujuru, are those the words which should come from the lady to lead our country soon. we are in great trouble zimbabweans.

see - 23 May 2014

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WERTHJITFCF - 23 May 2014

I LIKE YOUR PHRASE" ONLY ZIMBOS WILL DEVELOP ZIM".....EITHER BLACK OR WHITE LETS EMBRACE THE UNITY OF PURPOSE AND MOVE FORWARD

SHUNGU - 25 May 2014

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