Zimbabwe law targets foreign businesses with new indigenisation law

[Alpha Blondy]

 

 

 

 

Zimbabwe is moving ahead with a new "indigenisation" law, known as the National Community Trust, which will force foreign companies to hand 51 per cent of shares to black Zimbabweans.

 

Impala Platinum, a South African-owned company, has already agreed to turn over a 10 per cent of its stake in its Zimbabwean Zimplats operation. In September the government threatened to take away the company's licence to mine the world's second largest platinum reserves.

 

More companies are expected to follow but some fear that the law is a plan to help strengthen President Robert Mugabe's hold on the country ahead of possible elections in 2012.

 

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Another black economic empowerment in the making?

 

Very positive news from Zimbabwe.

[Abtigiis]

What Zimbabwe has done since 2000 is remarkable and is for sure going to be replicated by many African nations. Political independence without economic empowerment of the indigeous is nothing. Those who falsfiy the records and talk of Mugabe ruining Zim agriculture need no more confessions than the British academicans themeleves. Ian Scoons, "Zimabwe land reform: myths and realities" is not written by George Charamba, Mugabe's intelligent, firey and controversial spokesman, but by a reputed scholar from University of Sussex. Sata would want to do some of Mugabe's reforms in the mining industry in Zambia and Malema (Tokyo Sexwale is the real man here) is gearing for something similar in South Africa. The era where black africans were mere workers in their own soil for rapacious multinational companies when they could have been employers is about to end. Education changes everything and Africans are getting educated.

 

Defending Mugabe Indigenisation policy, Charamba said " let the point be made here and now: those racists whom our prime minister (Morgan Tsvangaria) wants to call "investors" are actually saying we cannot partner those blood african bobjans in exploiting their resources! Their real place is in trees, on the margins of the global economy, drawing water and hewing wood. Bloody calibans! That is it. We dignify that by denouncing our own empowerment policies as "warped"? We dignify such naked racism? have we become so inured and conditioned to servitude that we cannot visualize anything else better? So conditioned that we dare tell ourselves we liberated ourselves so we become chattels of white investors?...The PM got a donation of second-hand shoes from the mayor of Chicago in his visit there. What is wrong with us craving second-hand shoes from compassionate America, while shitting on platinum, gold, diamonds, copper, tin, nickel, iron,. bauxite, uranium, vanadium, palladium, and many other-diums? Is this not the age of natural resourcess, the century for natural resource-endowed nations?"

[Alderman]

From 1965 to 1979, Rhodesia (its original name) was one of the most wealthiest nations in the world and was the bread basket of Africa. They managed to do that with economic sanctions, boycotts, riots, rebellions etc..

 

From 1980 onwards it has been a hell hole. Don't defend the indefinsible!

[Abtigiis]

Alderman;752294 wrote:

From 1965 to 1979, Rhodesia (its original name) was one of the most wealthiest nations in the world and was the bread basket of Africa.

True! but for who? for a small white minority. Do you know how many blacks were rich in that day's Rhodesia?

And do you know the litracy rate for the blacks is currently at about 95% and this has been achieved after independence?

 

That argument you made is fale and the whites who peddled it, with the might of BBC and anglo-saxon media, know it.