Has Mugabe seen the light?

HARARE - News that the cash-strapped government will review the indigenisation and empowerment policy with a view to lure investors, shows the seriousness of the economic situation facing the country.

Government announced at the weekend that there would be a review of the indigenous and empowerment policy to facilitate “sector-specific implementation.”

The review will allow investors to recover initial capital investment, receive an appropriate return on investment and recoup operational costs, it was said.

But there is no escaping from the fact that President Robert Mugabe and his colleagues in government have limited options to get the stuttering economy out of “jail.”

It is squeaky bum time for the leadership as the financial meltdown is being felt in huge proportions.

We have said it before, joining many choruses, how Mugabe and his cronies in Zanu PF need to adopt an approach that is investor-friendly in rolling out the implementation.

It must be noted that no one is against indigenisation and empowerment but its implementation in which former minister, Savior Kasukuwere, drove home the largely archaic one-size-fits-all, plan.

Just like the land reform programme in which many cool heads favoured a phased takeover with compensation, the indigenisation has had the same effect — scaring away investors.

The negative ripple effects of this have been felt especially after last year’s elections which saw massive capital flight out of the economy. Capital is timid and those who own it are so suspicious of those that they deal with if there are cloudy issues.

Now that Mugabe’s government is beginning to smell the coffee, we expect an aggressive campaign to lure investors to these shores. There is no doubt that we need massive capital injection and foreign direct investment to resuscitate industry and other sectors of the economy that are in a comatose state.

The Zanu PF government must swallow its liberation pride which we all admire although it is wrongly mentioned whenever faulty lines are exposed in the liberation movement.

Times have changed.

The world is fast-paced and there is need to embrace policies that help Zimbabweans grow the economy and their personal lives.

This is why a new policy shift on indigenisation and empowerment tickles progressive minds.

More importantly, it is a subtle but very real admission that Zimbabwe’s leadership has noticed the warnings of the route to quicksand.

Comments (7)

I doubt it, the 1980 / 2013 constitutions are in writing , yet Mugabe still ignores them. So even if the indigenisation laws are modified in writing ( which they are not) or verbal, they will still be ignored by him and his government when ever it suits them, believe me. We the majority of the people in Zimbabwe and the world know they cannot be trusted . Unfortunately in the real world of business you have to earn respect and trust, once you lose it , it takes many years to regain it , if ever. So my message here, is if the President and his merry men want a quick recovery and have the best interests for the well being of Zimbabweans, the whole lot of them should step aside and let others who are capable and more to the point TRUSTWORTHY do the job. It was only a short while ago , that the president himself alluded to this very fact. It was excellent advice, so why does he not lead by example ???

ronaldos - 26 May 2014

Just scrap indigenisation and let the free market prevail. The people of Zimbabwe have not gained anything from indigenisation at all. It has never worked and never will. We are sick and tired of this word indigenisation, it's rotten and stinks of corruption .

ronaldos - 26 May 2014

hakuna mumwe anoita zvaanoda,isu chete tinoita zvatinoda after all we won the elections on our own ingenuity,fo a fact we wouldnt care less

zanu ndonga - 26 May 2014

Whether you review or do what nothing will improve our economy as long as zanu is in power that is the problem for this country nothing else . The problem is zanu and Mugabe finish and kla

Diibulaanyika - 26 May 2014

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WERTHJITFCF - 27 May 2014

Ronaldos spot on brother,we need trust which is not forthcoming as history can tell. We can never do as we like simply because we 'won' the elections.We are now living in a global village. KUGARA NHAKA HUWONA DZEVAMWE. True, the oldman with his crew must call it quits....

KAKARAKUNUNA. - 27 May 2014

Mugabe can scrap the indigenisation and empowerment policies and have that written in blood on the forehead of everyone of his Zanu PF thugs that will not restore investor confidence because the regime will write the exact opposite the next day on the same foreheads! The only thing the world knows and understand about Mugabe is that he is a tyrant and that he is not to be trusted! The only way out is for Zimbabwe to hold free and fair elections and whoever is elected will have the people's mandate to rule and the trust of the world.

Wilbert Mukori - 27 May 2014

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