Zimbabwe: Friday, 08 February 2013 - Issue 511

press release

One of the biggest challenges that faced the Government of National Unity is to do with policy discord as manifested in the infamous Indigenisation and Economic Empowerment Act (IEEA) which is sponsored by Zanu PF. The somewhat aggressive and clumsy implementation of the IEEA, since 2010 has created the impression that investors are an unwanted lot in Zimbabwe and that indeed has been the heaviest impediment to investment in the country.

The tragedy is that Zanu PF wants to project itself as uncompromising in defending the masses even if it means fighting business. Unfortunately this stance has become hostile to foreign investors; President Tsvangirai speaks on this and more;

"The challenges we faced largely arose from policy discord especially around indigenisation. It would appear the Government was split with Zanu PF going with its so called indigenisation plan which scared away investors.

The policy discord affected investor confidence in the country because of the manner in which indigenisation was implemented. It created so much discord. We hope the nation will be able to set the real priorities when we come to economic empowerment which we all subscribe to..." President Tsvangirai said.

One of the biggest challenges that faced the Government of National Unity is to do with policy discord as manifested in the infamous Indigenisation and Economic Empowerment Act (IEEA) which is sponsored by Zanu PF. The somewhat aggressive and clumsy implementation of the IEEA, since 2010 has created the impression that investors are an unwanted lot in Zimbabwe and that indeed has been the heaviest impediment to investment in the country.

The tragedy is that Zanu PF wants to project itself as uncompromising in defending the masses even if it means fighting business. Unfortunately this stance has become hostile to foreign investors; President Tsvangirai speaks on this and more;

"The challenges we faced largely arose from policy discord especially around indigenisation. It would appear the Government was split with Zanu PF going with its so called indigenisation plan which scared away investors.

The policy discord affected investor confidence in the country because of the manner in which indigenisation was implemented. It created so much discord. We hope the nation will be able to set the real priorities when we come to economic empowerment which we all subscribe to..." President Tsvangirai said.

President Tsvangirai also singled out the selective application of the law as scaring away investors, "In the MDC we have always not been happy about the selective application of the law mirrored by the Glen View activist arrests and denial of bail. The perception that there is selective application of the law does not bode well for a government that is crying to instil a sense of rule of law" President Tsvangirai said.

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