What he is trying to do with the industries is a populist stunt and everyone knows it.He is oriented to grabbing rather than building; his concept of economic empowerment is narrowed to the transfer of businesses owned by whites to black. What Zimbabwe needs is the creation of small to medium sized business, which prosper and grow under astute and honest management. The government should focus on creation of wealth instead of transfer of wealth. In conclusion , the government must invest in training black entrepreneurs on how to run a business with emphasis on financial management and marketing of products.
As for Tsvangirai he is not a sellout he is a popular Zimbabwean who represents the aspirations of many Zimbabweans. Mugabe has already sold the country to the Chinese. Better the devil you know
To build these things you speak of takes capital,
Capital can be borrowed or earned.
Zimbabwe as the mineral wealth to earn it without borrowing, but the westrn companies operating in the country are stealing it...
Read this I posted it in another thread:
Finance Minister Tendai Biti has fallen short of calling for the
nationalisation of mines, saying that Zimbabwe's diamonds, gold and
platinum are "benefiting outsiders".
Frustrated by over a year of unsuccessful soliciting for western donor
financial aid to keep Zimbabwe's economy afloat, Biti now says the
country must look within for solutions -and he has set his sights on
the country's billion dollar mining industry.
"Last year, we only got US$44 million from the mining industry yet
they exported over a US$1 billion. This year, they have exported about
US$650 million worth of minerals but we have only gotten US$15
million," Biti told the Senate last week.
The Finance Minister said at the very least, the system where the
country gets royalties from foreign mining firms needed to be
reviewed.
"Zimbabwe is endowed with serious mining resources, but these are just
benefiting outsiders, the multi-nationals that own these mines," Biti
added. "If you take the Zimbabwe Platinum Mine, the biggest mine in
Zimbabwe, it is owned by Impala, a South African company.
"If you talk about our gold sector, again the major dominant players
are South Africans. We are not benefiting. The mining model we have in
this country where the government just depends on tax and royalties is
not good enough.
"This is why for Chiadzwa we have said only the State should mine
diamonds there. If we continue to give concessions to makoronyera
(dealers), it is a disaster for this country, let us have the State to
mine diamonds."
Biti's toughening stance on the mining industry will concern foreign
investors already fearful of Zimbabwe's new empowerment laws which
will force them to sell off majority shareholding to locals.
Biti revealed in his budget review speech two weeks ago that projected
foreign donor aid had not been forthcoming, and placed diamonds firmly
at the heart of the country's recovery efforts.
Economist Eric Bloch told the Financial Gazette last week: "Diamond
mining must be done by the private sector with proper controls in line
with KP (Kimberley Process) requirements.
"Governments are not capable of running businesses. Look at
parastatals the world over, including Zimbabwe. The private sector is
the one which has the skills."
Originally published by newzimbabwe.com website, London, in English
0000 28 Jul 10.
This shit is worse that Tsvangari getting a beating.....much worse!!!




