Mushowe lost in wilderness

HARARE - Mixed signals and confusing statements are not what Zimbabwe as a country and economy need right now, considering this is what has led us to where we are right now — a collapsing economy.

What we desperately need at the moment as a nation is some form of direction and stability, which allows us to pick up the pieces from the little that is left.

For any sane investor, consistency and stability are key but statements uttered by newly-appointed Indigenisation minister  Christopher Mushowe have not helped the situation.

The indegenisation policy was badly handled by Saviour Kasukuwere, whose militant approach and lack of knowledge on how to get the best out of the policy left the country without investors.

When Mushowe was appointed to the ministry many people doubted if he would be able to cope with the pressure associated with the job.

And the critics were right — Mushowe is the wrong person for the job.

He recently said his ministry would not be revising the current structure of the controversial indigenisation policy which calls on locals to hold a controlling 51 percent shareholding in any entity despite the newly-appointed VP Emmerson Mnangagwa committing to do so.

“In fact, they (foreigners), are very lucky that they get 49 percent, in fact 49 percent is the maximum and 51 percent is the minimum so it’s not cast in stone, it can be one percent to foreigners and the 51 percent  for locals can be 99 percent because it’s a minimum,” he said.

With all these developments playing out, one thing for sure is, ordinary Zimbabweans face tough times ahead — both politically and economically, with no solution and idea in sight from the clueless Zanu PF government.

What we need is huge investment in the country to turn our economy around but we cannot do that as long as we have loud-mouthed ministers like Mushowe, who himself is yet to cleanse himself of  scandals associated with the Presidential scholarship fund.

Zimbabwe right now, needs policies that protect investors’ funds, that give guarantees to property rights and that ensure investors get value for their money.

At the moment, we don’t need misguided political statements as pronounced by Mushowe.


Comments (2)

I continue with my line of argument! The indigenisation law, the land redistribution, sanctions cry, sovereignty etc. are political not economic issues. Mushowe has no interest in economic solutions but total political control and domination by his employer? I thought it important for people to be aware of the distinction so as to approach the problems properly.

Okech - 28 December 2014

indeed Zimbabwean policy is not a national issue but a way of zpf to rule .if you make money you are able to remove them from power.

Watson hondo - 1 January 2015

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