IF STATISTICS are to be believed, eight in 10 Zimbabweans are unemployed. As at 2010, only 0,9 million people were recorded as being in formal employment. To put it in perspective (using a rather dramatic example), the total number of … Read more
LATEST POSTS
Indigenisation policy: sharing the crumbs of a cup cake
WHEN it comes to populist policies such as indigenisation, you cannot question the craftsmanship and frothing passion of its most avid political proponents. It’s a zero sum game; foreign shareholders and the private sector have been bullied and marched into … Read more
For his courage alone, Mugabe deserves our praise
AS A frustrated and naive Zimbabwean citizen a few years ago, I just assumed that President Robert Mugabe was rotten to the core. I convinced myself that he was a dishonourable man who cared only about himself and who was … Read more
New bank capital requirements: a red herring
IN THE recent Mid-Term Monetary policy statement, the central bank has proposed a 10-fold increase in bank capital adequacy requirements (CAR) to US$100 billion. Whilst the chronic fragility within the Zimbabwean banking sector requires urgent redress, the proposed adjustments are … Read more
Gono-Kasukuwere spat clouding policy
THERE are very few people in Zimbabwean public life with finer qualities than Reserve Bank Governor Gideon Gono. I truly believe that Zimbabwe can only stand to benefit from his talents, wisdom and many years of experience both as Governor … Read more
The risk of indigenising banks
A YEAR ago, David Brown – the head of Impala Platinum – believed Zimbabwe’s indigenisation plans for foreign-owned mines “would not happen”. The policy, which required all companies with a share capital above US$500,000 to arrange for 51 percent of … Read more
Indigenisation: MDC-T losing the argument
ZANU PF has historically stood up for the underdog, but there is a much more significant reason why Indigenisation Minister Saviour Kasukuwere should continue to stand up to the forces of evil currently emanating from the MDC-T establishment: if he … Read more
A new ‘indigenous’ stock market for Zimbabwe?
I WONDER if designers of the indigenisation laws considered the practical ramifications of the 51% indigenous ownership rule particularly in the case of publicly-listed companies. It is effectively means that 51% of all publicly-traded companies required to comply with the … Read more
Economic freedom in our lifetime: a just cause
AFTER years of reprehensible neglect, Zanu PF is finally restoring Zimbabwe back to its dignified ways. And it may still be guilty of a few things including widespread corruption and limitless greed but its present attempt through the indigenisation drive … Read more
Sinister agenda behind indigenisation misrepresentations
THE distortion by Reuters of Saviour Kasukuwere’s July 20 speech on indigenisation was ample proof that some journalists have become more concerned about the headlines than the spirit of journalism. And although it may not have been as spine-chilling as … Read more
