President Robert Mugabe’s nephew Patrick Zhuwao cut his Christmas celebration Thursday to attack Patrick Chinamasa saying an indigenisation easing pronouncement by the Finance Minister is null and void.
The outspoken Zhuwao bustled journalists to his emergency press conference where he said Chinamasa betrayed his uncle by allowing foreign owned companies to continue operating without complying. Zhuwao also said the extending of the compliance deadline to March 2016 was mischeveous.
The Indigenisation dictation forces foreigners to cede 51% of their investment to local black Zimbabweans.
Zhuwao rubbished Chinamasa saying, “Government is not backing down on indigenisation; President Robert Mugabe has pronounced himself on that. The timing of that statement is very unfortunate because it was timed specifically when the President was out of the country, when the President has gone on leave,” he said.
He added “and that to me appears to be very treacherous because we are all supposed to follow the leader of the country because he is the one who has the mandate and for one to then issue a statement around policy issues without having cleared them with the President does not make sense.”
The Indigenisation Act was passed in 2008. “All companies that have not yet submitted their indigenisation implementation plans as required by the Act should submit their applications by the new deadline of 31 March 2016,” Patrick Chinamasa said in the statement.