The Zimbabwe Stock Exchange (ZSE) last week ended its losing streak as trades rebounded across the board from Wednesday following reports that government would relax its empowerment policies to improve the investment climate.
The ZANU PF led empowerment ministry is planning to legalise the unpaid takeover of foreign owned companies in Zimbabwe, in the latest twist in the indigenisation campaign.
Youth and Indigenisation Minister Saviour Kasukuwere has been anything but a ‘saviour’ for Mount Darwin South, where he is an MP. A comprehensive dossier exposes him as a violent thug who from 2000 to 2008 beat up and killed opposition activists.
HARARE – The Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has assured Standard Chartered Bank depositors that the bank will not be closed despite repeated threats by an empowerment board run by minister Saviour Kasukuwere.
HARARE – Robert Mugabe’s regime on Monday invoked controversial legislation to suspend the bail granted to the head of the Zimbabwe Anti-Corruption Commission (ZACC) amid allegations the anti-graft body is being punished for investigating three Zanu PF ministers.
Reading the meme written by Amai Jukwa, published by the New Zimbabwe, the new scribe, and apparently a new addition to the usual choir of ZANU(PF)’s praise-singing rented agents, I could not help but think about Shakespeare’s play Julius Caesar.
Zanu PF is guilty of many things – the collapse of the economy, the genocide of Ghukurahundi and the wholesale destruction of homes in Murambatsvina. Everybody recognises these as gross human rights abuse and crimes against humanity.
HARARE – The High Court has stopped the Zimbabwe Anti-Corruption Commission from conducting searches at the offices of the National Indigenisation and Economic Empowerment Board.
HARARE – President Robert Mugabe says Indigenisation minister Saviour Kasukuwere “got it wrong” in some empowerment deals stitched together with several foreign-owned companies.
European firms, in particular British banks and some German companies in Zimbabwe are set for forced government take-over under it’s controversial indigenisation law, after being accused of perpetrating economic sabotage, Nehanda Radio has learnt.
HARARE – Zimbabwe’s indigenisation drive has turned out to be a massive cash cow for well-heeled and politically-connected elites, as details of massive misrepresentation and grand looting for deal makers emerge.
HARARE – As the battle for votes in the 2013 elections intensifies, Finance Minister Tendai Biti has described the empowerment model being pursued by their rivals in Zanu PF as the “predatory accumulation from the rich to the rich.”
Youths in the country have heavily critiqued the government’s Indigenisation and Empowerment programmes as politicised. ZANU PF has taken over this government initiative and has used it as a political tool for campaigning.
The Minister of Youth Development, Indigenisation and Empowerment Saviour Kasukuwere must now start to take responsibility like Arsenal football club Manager Arsene Wenger; accepting adulation in triumph and take the hit for catastrophic results.
Indigenisation minister Saviour Kasukuwere has slammed Kevin James, the franchise holder for the fast-food giant for opting for South African imported chickens as he re-establishes KFC in Zimbabwe in the New Year.
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