15 February 2013

Zimbabwe: Friday 15 February 2013 - Issue 516

press release

The MDC supports calls by the Finance Minister and its Secretary General; Hon. Tendai Biti to investigate indigenisation agreements reached with various foreign companies amid serious concerns that only one Harare financial advisory company has handled the transactions pocketing millions of dollars.

Recent media revelations on the skewed Zanu PF's indigenisation and empowerment policy once again vindicates the MDC's position that the Zanu PF policy is inconsistent, incoherent and will not in any way benefit the people of Zimbabwe but only a few elite Zanu PF politicians.

The MDC maintains that the Zanu PF economic policy is presiding over a collapsing economy instigated by a regime of incoherent and disastrous policies.

Media reports reveal that the Zimbabwean government has lost over US$1 billion in the Zimbabwe Platinum Mines (Zimplats) indigenisation deal due to contradictions and misrepresentations.

From the beginning the MDC's position has been that the Zanu PF's indigenisation and empowerment policy has been vaguely crafted to legitimise enormous pilfering of the country resources by Zanu PF fat cats while the people of Zimbabwe continue to languish in abject poverty.

The recent Renco Mine debacle involving Zanu PF's Walter Mzembi and other senoir party officials in Masvingo, in the grabbing of the mining venture points to a history of plunder and asset stripping that has characterised Zanu PF since independence in 1980.

The not so long, the revelation of corruption in Manicaland where the Zanu PF provincial leaders extorted over US$700 000 from diamond mining firms was just a precursor of a deep-rooted scourge of plunder and expropriated entrenched in the Zanu PF system.

As a party, the MDC will continue to boldly and candidly expose Zanu PF's dishonest and insincerity in this whole facade of empowering people.

The current unbelievable revelations in the local newspapers prove correct the MDC fears on the whole indigenisation circus as advanced by Saviour Kasukuwere. It is indeed regrettable that the continued rise in corruption activities by Zanu PF officials as exposed in the local media comes in the backdrop of Robert Mugabe's recent admission at the just ended Zanu PF congress in Gweru that there is rampant corruption in Zanu PF.

The shocking revelations of unimaginable proportion of corrupt deals, involving Kasukuwere's indigenisation project and Brainworks Capital company vindicates our earlier assertions that the indigenisation drive was nothing but a massive cash cow for only well connected Zanu PF fat cats.

Despite Mugabe strongly promising the nation at the just ended Zanu PF congress, that he is going to deal with this scourge, there is absolutely no hope that the ageing Zanu PF leader still has the capacity to reign in his corrupt lieutenants leaving the nation at the mercy of the indefatigable corrupt barons. This clearly shows that Mugabe no longer has the capability and stamina to take this country forward.

The MDC is not against the economic empowerment of the people of Zimbabwe but is strongly against the Zanu PF model that will benefit its wealthy elite and does little to solve the country's employment crisis while scaring away the much-needed foreign investment.

The MDC has come up with an economic policy, Jobs, Upliftment, Investment, Capital and the Environment (JUICE) that will address Zimbabwe's long standing economic problems of high unemployment, deepening poverty and inequality and be a pathway for inclusive and sustainable long-term growth based on a broad-based human upliftment model.

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