Zimbabwe Govt Splits Over Seizing Banks
Prime Minister Morgan Tsvangirai has repudiated a bid by President Robert Mugabe's wing of the unity government to force banks, schools and other institutions to hand over control of their operations to locals.
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Zimbabwe: Tsvangirai Rejects Plan to Take Over Banks
SW Radio Africa, 3 July 2012
The already gaping cracks in Zimbabwe's unity government have been further widened this week, after the Prime Minister publicly dismissed the ZANU PF led indiginisation plans for ... read more »
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Zimbabwe: In Killing Enterprise, Robert Mugabe Is Not Alone (opinion)
Rwanda Focus, 9 July 2012
In Zimbabwe, there is a minister for Empowerment. His name is Saviour Kasukuwere--a man often described as a rising star in President Robert Mugabe's ruling ZANU-PF party by ... read more »
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Zimbabwe: Tsvangirai Repudiates Bid to Seize Banks, Schools (press release)
Office of the Prime Minister of Zimbabwe, 3 July 2012
The Ministry of Youth Development, Indigenization and Economic Empowerment last Friday gazetted a notice announcing that all foreign-owned banks and other sectors including ... read more »
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Zimbabwe: Banking Sector Confused By Mixed Indigenisation Messages
SW Radio Africa, 2 July 2012
Zimbabwe's banking sector is said to be in a state of serious confusion, because of the mixed messages emanating from key figures in the industry about indigenisation. read more »
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Zimbabwe: Gono Calms Banking Sector
Zimbabwe Standard, 1 July 2012
RESERVE Bank of Zimbabwe (RBZ) governor Gideon Gono said yesterday there won't be any changes to the bank's stance on empowerment unless the laws governing the banking sector were ... read more »
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Zimbabwe: Banks - What's There to Indigenise? (analysis)
Zimbabwe Independent, 28 June 2012
THE indigenisation requirements gazetted by the government last year have been received with mixed feelings within various sectors of the economy. Debate has been mainly on how the ... read more »
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Zimbabwe: 'No Going Back On Banks'
Zimbabwe Independent, 29 June 2012
ZANU PF secretary for indigenisation and economic empowerment Saviour Kasukuwere has declared there will be no going back on indigenisation of the banking sector saying financial ... read more »
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Zimbabwe: Battle Over Banks Intensifies
Zimbabwe Independent, 14 June 2012
A SERIES of private meetings between Indigenisation minister Saviour Kasukuwere and Barclays Bank managing director George Guvamatanga, as well as other foreign-owned banks, in the ... read more »
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Zimbabwe: AAG to Grill RBZ, Foreign Banks Over Empowerment
Zimbabwe Independent, 1 June 2012
HEATED debate is expected at an Affirmative Action Group (AAG) symposium at a hotel in Harare today, where the Reserve Bank and foreign-owned banks are expected to be grilled over ... read more »
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Zimbabwe: Gono Proposes Different Empowerment Model for Banks
Zimbabwe Standard, 11 June 2012
RESERVE Bank of Zimbabwe (RBZ) governor, Gideon Gono, has proposed an empowerment model for the banking sector based on a supply-chain approach, in a bid to protect the fragile ... read more »
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I HOPE THAT NOT BECAUSE THE WEST IS BANKROLLING THE PRIME MINISTER HE IS NOT BIDDING TO DISENFRANCHISE THE BLACK PEOPLE FROM IDNIGINASTION. THIS IS A VIRTUOUS THING WHERE CHILDREN WILL BE ABLE TO ATTEND SCHOOLS ENMASEE, EDUCATION WOULD BE ACCESSIBLE TO ALL, AS THERE WOULD BE WITHOUT DOUBT ,AN ESTABLISHED MIDLE CLASS WITHIN THE COUNTRY.POVERTY WOULD BE ERADICATED ENMASSE AND THE FUTURE WOULD BE ALOT BRIGHTER WHEN THEY KNOW THEY ARE THE MASTERS OF THIER DESTINIES. THERE SHOULD BE NO PPROBLEMS WIH INDIGINESATION WHY? SHARE HOLDERS WILL NOW HAVE TO EITHER BE LESSENED FROM THE MINORITY SIDE OR THEY MUST ACCPT TH FACT THAT THEY CAN NOT JUST LIVE OFF AFRICAN WEALTH WITH OUT THE AFRICANS BENEFITING. HOW LONG SHOULD AFRICANS BE SLAVES, DOES SOMEPEOPLE RECKON? DO THEY BELIEVE WHITE PROPOGANDA THAT SAY WE WERE BORN TO BE SRVANTS? IS THAT THIER POLICY. OR ARE THEY JUST COMPLETELY BRAIN WASHED BRAIN DEAD TO KNOW THAT THIS THE BLACK MNS TIME!!! THE TIDER IS NOT ROLLING BACK IN FRVAOUR OF THOSE WHO WANT TO BE SEVANTS THOSE WHO POTRAY THEMSLVES LIKE LACKEYS AND SERVANTS WHO SHOULD BE HOLDING A TOWEL WITH A WAITER BRINGTING DRINKS AND FANNING HIS MASTER WHEN HE GETS HOT. THIS MAN MAY HAVEA POITN BU TO DISTRESS THE APPLE CART WHEN IT IS ROLLING STEADILY IS NOT A GOOD THING IT SHOWS WEAK NESS AND AN DESIRE TO BE SUBSERVIENT TO THOSE WHO ARE EXPLOITERS !! HOW EVER ANY ONE LOOKS ATIT THE WEST HAS BEEN EXPLOTING AFRICA FOR HUDREDS OF YEARS AND THY HAVE NT STOPPED. SO EITHER WE BUCK UP AND TAKE WITH A PRACTICAL SENSE WHICH INDIGINSATION SI THEY ARE NOT NATIONMLISNG THEY ARE BEING FAIR IN SAYING WELL WE WILL SHARE THE PROFITS AS THE OWNERE OF TEH MINES. WE ONT ELECT TO TO SHIFFON ANY MONEY WE WILL STAKE A MAJOURITY HOLD OVER ALL PROFITS WHICH THE PEPLE WILL BE THE INEHRRITORS. WHAT THE MILLIONS OF PEOPLE NEED TO DO TO BENIFIT IS TO HAVE THIER BANK ACCOUNTS WHRE THEY WILL RECEIVE A MONTHLY STIPEND OR HOW EVER THEY CHOOSE TO BE PAID. THIS VENTURE WILL PAY FOR ITSELF . I DO NOT SEE WHY THIS MAN SEEMS TO EB AGINST THE BENIFIT OF ZIMBAWEANS GAINING A FOOT HOLD IN INTERNATIONAL BANKING , WHERE THEY LIKE VERY OTHER WHIE CITIZEN WHOM CHJOOSES HAS SHARES IN BARCLAYS OR ANY BANK. THESE BANKS HAVE BENIFITED FROM THE LABOUR OF BLACK PEOPLE FROR CENTURIES. THE EXPLOITATION OF AFRICA HAS BEENTHE KEY TO ALL EUROPES SUCCESS MORE S THAN ANY OTHER CONTINENT . THEY BENIFTED FROM SLAVEREY WHICH WAS FREE WORK FOR FIVE HGUNDFRER YEARS WHAT HAVE THEY DONE TO SHOW SOEM REMORSE? NOTHING WE DONT EXPECT THEN TO!!! THIS IS NOT IN THIER CHARCTER SO WE KNOW THESE THINGS. WE DO KNOW THEY ARE ALWAYS BEING CLEVER THEY ARE SUING THIER BRAIN AGAINST US MOST FOF THE TIME EVEN WHEN THEY THINK THEY ARE NOT THEY MOST CERTAINLY ARE. IT SI TIME FOR AFRICANS TO LE3ARN EVERY SINGLE TRADE THERE IS TO KNOW AND WE MUST BE THE MASTERS OF THESE THINGS AND AT NO TIME SHOULD WE BE SUBJECT TO SUBSERVIENTS AS MR PRIME MINISTER WANTS TO BELLOW TO THE WORLD!!!! AFRICA IS OUR CONTINENT WE ARE ITS MASTERS !!!!!!! TIRED OF BEING SLAVES OF ENVY DECEIT HATE DISCRIMINATIONB BIGGOTRY INMJUSTICE DEATH WAR CRIMINAL ACTS. THE PRIME MINISTER NEEDS T KNOW ANY OTHER WAY FORWARD OTHER THAN INDIGINESATION IS SERVITUDE SLAVERY AND WEAKNESS
Raz - I tried to read your rambling rave but unfortunately you never got close to the point.
Government policy is directed by Cabinet, chaired by Robert Mugabe, as we are reminded constantly by the Zanu-PF aligned media. A Minister can't just go off half cocked like Kasukuwere has done on an issue of national importance and affecting other Ministries without discussing it in Cabinet. In any functioning government he would be sacked for this sort of behaviour. Unfortunately this won't happen. Zimbabwe is stuck, at least in the short term, with a conniving old crook as President.
ragtimer your comments are very derogative one cannot help but view your sentiments with disgust. We are now in the 21st Century where we are talking about human rights and equality for all. you appear to insinuate that Zimbabweans have no human rights, further more you are very biased if not racist in you adaptive tone, it appears that you are not aware that Zimbabwe has a multicultural society that in the first instance apartheid type rule By white people who committed atrocities that have never been brought to book. In the second instance it was British officials backed by an international forum that supervised Mugabe to power. lets not play the blame game here when there are human beings lives at stake, there are lessons to be learnt here and one of them is the British and other entities will support you when things can be described as correct in their books however if you so much as contemplate challenging their supremacy then you will end up where Zimbabwe is today or worst still like Iraq, Afghanistan, Libya or even Syria for that matter. Yes you may get away with what you are saying now but somewhere along the line you will face the consequences of your words.
"lets not play the blame game here when there are human beings lives at stake, there are lessons to be learnt here and one of them is the British and other entities will support you when things can be described as correct in their books however if you so much as contemplate challenging their supremacy then you will end up where Zimbabwe is today or worst still like Iraq, Afghanistan, Libya or even Syria for that matter. Yes you may get away with what you are saying now but somewhere along the line you will face the consequences of your words."
And here we see how twisted the logic gets for those who reject whatever they don't want to hear. I'm a "racist" for saying Africans should be able to handle their own problems, and Mutetwa thinks freedom from the Rhodies involves performing whatever songs and dances they demand in the hope of winning their support, and possibly a shilling or two in the begging bowl. The reality could not be more different, but once again we see the human mind's infinite capacity for self-delusion on vibrant display when disconnected from the ugly truth of reality.
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