Photo: Saviour Kasukuwere/facebook Nyanga — Addressing members of the Youth Empowerment Trust in Nyanga last week, Kasukuwere said he was targeting the banks namely Barclays, Stanbic and Standard Chartered which are still to comply with the indigenisation law.
"These three banks are on top of the list among others. All foreign banks must comply with the indigenisation law," he said.
"Zimbabweans should be their own investors. Zimbabweans should invest in their economy. The banking industry is the key to the economy and this move will go a long way in empowering our people."
The minister did not indicate when the elections would be held. President Robert Mugabe has said elections will be held in March this year but the MDCs have vowed that the polls would only he conducted after the implementation of reforms to level the electoral playing field that currently favours Zanu PF.
Analysts have however, dismissed the March poll date saying it was too near because the country still had to complete the constitution-making process, hold a referendum and then synchronise different laws of the new charter.
Kasukuwere said Zimbabweans should not be treated as aliens in their country.
"This is our country and we should benefit from all that is in it. These banks should comply or ship out. We are not going back on indigenisation," Kasukuwere added.
Kasukuwere's ultimatum comes a week after he warned foreign banks to adhere to the law meant to address historical imbalances or face stern measures.
Addressing guests at the signing ceremony for the terms agreement between Zimplats and government recently, Kasukuwere warned that the government would rein in banks that defied the indigenisation legislation.
"I would like to encourage other companies, particularly in the banking sector, to comply with our laws as non-compliance will no longer be tolerated," said Kasukuwere.
"Uncalled-for defiance and arrogance will not be tolerated as all companies must respect the law and desist from provoking the State," he said.
Kasukuwere's latest ultimatum to banks is likely to be met with resistance from Reserve Bank of Zimbabwe governor Gideon Gono and Finance minister Tendai Biti, who have in the past called for caution when dealing with the delicate banking sector.
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Its so sad to see but its the truth that cannot be accepted. They the people, cant build anything for themselves without taking it from others. If you can do it without taking from others. Prove the outsiders wrong. 150 years ago the pictures of Harare were a view of vast open grass velt. Where was the town, the train station, the supermarkets, the beer halls, the roads and the busses. They did not exist nor were they even thought of ! And now anything foreign is threatened through racial grounds because its not Black indigenious owned. What a shamefull way to destroy everything that was built to build a great nation. Shame on you all.
SAYING SOMETHING WITHOUT A REASEARCH, IS LIKE A RESAVOIR GOING DRY. BESIDES AFRICA, WHAT OTHER NATIONS OR PART OF THE WORLD DO ALLOWS GREEDY INTERNATIONAL MULTI-INDUSTRIES OR ORGANIZATIO TO DOMINATE THEM?? WHAT OTHER NATIONS, OR COUNTRIES?? CAN YOU MENTION THEM ON THIS SITE. SO, BEFORE WE SPEAK; LET'S DO OUR REASEARCH VERY CAREFULLY. THUS, THE AFRICAN INDIGENOUS DESERVE BETTER AFTER CENTURIES OF DEPRIVATION AND SLAVERY IN THEIR OWN LAND AND CONTINENT BY GREEDY AND SELFISH OUTSIDERS.