AAG to Zhuwao's defence

BULAWAYO - The Affirmative Action Group (AAG) has leapt to the defence of Indigenisation minister Patrick Zhuwao over his threats to sue foreign companies that will not comply with the controversial empowerment law.

Zhuwao recently threatened to close non-compliant firms, warning that he would assist workers of the non-compliant companies to take legal action against their owners and directors.

The move has been met with stiff resistance from industrialists, investors, opposition parties as well as war veterans, who accused Zhuwao of sabotaging the country’s already failing economy.

Speaking to the Daily News on Thursday last week AAG president Chamu Chiwanza said there is nothing amiss with the widely-condemned empowerment policy.

“The deadline for firms to comply is not a Zhuwao deadline,” Chiwanza said.

“This is a legislation passed through an Act of Parliament comprehensively as Indigenisation and Empowerment Act. What minister Zhuwao is simply doing is implementing what is contained in that document. This deadline was passed through a whole Cabinet presided over by the principal himself the President (Robert Mugabe).”

Chiwanza said anyone who wanted to do business in Zimbabwe should comply with the domestic laws or else they ship out.

“Those who want to do business must then subscribe to it and not politicise it and say Zhuwao is looking for political relevance and so forth. This is a law passed in 2008.

“We have taken so long to implement it and this is where we must say push has come to shove, people must ship out or comply,” he said.

The controversial indigenisation law which compels foreign-owned companies to cede 51 percent of their total shares to locals has been dismissed by analysts as an anti-investment legislation that is repealing the much needed foreign direct investment.

And Chiwanza lashed out at such economists whom he said are against the Indigenisation Act.

“The economists need to go back to their books of economics and study again. These laws are not only found in Zimbabwe, you can find them in Dubai or South Africa.

He added that foreigners wanted to use their local firms for political purposes.

“What is really shocking us is that foreign capital wants to have the control of our economy, they don’t want to let go that grip, they want to use it not only for economic purposes but also for political purposes, they want to pursue the regime change agenda.”

Since Mugabe’s appointed Zhuwao last year as the new minister of Indigenisation, there has been policy inconsistencies in government and he has also clashed with fellow Cabinet ministers.

Comments (3)

Indigenization in Chiwanza and colleagues' terms means corruption in its truest sense.

Mukanya - 4 April 2016

that rasta youngster minister is well initiated for corruption and his accomplices at aag are weighing in to buttress that populist legislation. akanyatorowa chinamwari checorruption akapasa mushure mekuchecheudzwa kakanda kanonzi ethics&goodgorvenence. while all this is happening, they are busy extorting money from non-compliant companies in xchange for protection from being shut down; just like zvaiita joyce paaitora ma10%. all these draconian acts are passed as fund-raising tools against anyone who fails to comply. worowa zvawo mari wakomana!

SaManyika Chaiye - 4 April 2016

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