Harare(ZimEye)Indigenisation Minister Saviour Kasukuwere has poked Prime Minister Morgan Tsvangirai accusing him of making noise over the issue of indigenisation.
Tsvangirai had issued a statement advising stakeholders that contrary to Kaukuwere’s announcement “there is no such government position because no such issue has been discussed and agreed upon by Cabinet”
This was after Kasukuwere announced in a Government Gazette that the empowerment drive has now been extended to banks and schools bringing in further jitteriness in the unstable economy.
However Kasukuwere, on his facebook page updated on Wednesday said that the Act was now in full force and the noise was “expected.
“The regulations have been gazetted .All corporate citizens are encouraged to comply and fulfil the mandatory thresholds. We are engaged with all the banks and that should continue so that we bring finality to their compliance with the laws. As usual, noises will be made, but the law must be respected and fulfilled. The Act remains in force and is law,” wrote Kasukuwere.
Kasukuwere and Tsvangirai have clashed on numerous occasions over the indigenisation law that calls for all foreign owned companies to cede 51 percent of their shares to locals.
The law has been applied to mines and there have been debates whether there was any need to apply the law to the financial sector.
Tsvangirai’s however statement further stated:
“Government has not sanctioned the Minister’s actions that are a threat to investment in the country,” Tsvangirai said in a statement.
“The Indigenisation and Economic Empowerment Act does not empower the Minister to act and to project an image of a voracious government keen to compulsorily grab almost all institutions and companies in the country.
“We reiterate the position that the Prime Minister of Zimbabwe has executive powers and the Constitution of Zimbabwe bestows him with the authority to oversee and supervise ‘policy formulation and implementation’.
“The government forum that deals with implementation of government policy is the Council of Ministers, which has not discussed or approved the purported government position captured in the public notice.”
Reserve Bank of Zimbabwe Governor Gideon Gono and Finance Minister Tendai Biti have also voiced their concerns over the indigenisation of the financial sector
The two are expected to issue a statement on the latest move later this week. (ZIMBABWE, ZimEye)
28 Replies to “Tsvangirai making noise on bank takeovers – Kasukuwere”
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Cedrigay which world do you live in not to realise that the Chinese are now the masters in this world.If Americans are surviving on Chinese debt then what really is so fascinating about Zimbabwe doing the same.China is the number one investor the world over and that includes Europe,Greece has got its only hopes to revive their economy pinned on China saka pwetere pwetere kudii musur1 wako mhani..
The shona’s and their new chinese masters. Why can’t they do “ANYTHING” on their own without relying on others to do it for them. Take a look……
Viewers will have more reason to switch off from an already stale Zimbabwe
Broadcasting Corporation after the station entered into a deal that will see
them broadcast Chinese news programmes for the next three years.
On Monday ZBC chief executive Happison Muchechetere, and Luo Ming from China
Central Television (CCTV), signed a Memorandum of Understanding spelling out
the terms of the deal.
It was reported that CCTV will, among other things, provide ZBC with the
necessary equipment to receive the programmes. The deal however is not
expected to help ZBC arrest a shocking decline in audience figures.
Yes you spineless bit of uneducated shona meat Kaukuwere – keep stealing and do it quickly. This “ALL” goes to prove that a shona can only get a business going by stealing another mans business! You cannot build a business from scratch on your own – you need help! And that help is “theft by conversion”! I hope Barclays & Standard close shop quickly to teach these useless savages a lesson! To prove how uneducated they are – they want 51% control of a bank whose Depositors are 99% black. So! They are stealing their own shonas funds like they did with the other 23 shona owned banks that they looted. Now how clever a shona is that for you foreign people who read these forums??????
Pliz i hev alwayz had reservations about Kasukuwere’s attitude. Iwe kasukuwere being Minister does not mean u a very intelligent terera unzwe. Iwe une hidden agenda u want to destroy mabanks before the next general elections so that the electorate will blame it on President Mugabe i wish gushungo vashavhura nzveve nemaziso nekuti uri kuvaparira mhosva. Go back and revise you tactics ende teerera vamwe kwete kuita humbimbi ndoga.Walter Mzembi na Karikoga Kaseke vakagadzirisa Tourism industry yainge yafa, Gono murume my friend he knows what he is doing by being objective, Biti karikumiramira, Obert Mpofu nekuku he is trying and what are doing busy destroying zvirikuvakwa nevamwe because u a selfish youngman. There a lot businesses out there dziri kuda kuindigenization. Think you moron ende Gushungo ngwarirai umbwa iyoyi inokukonzereserai ndapota hangu.
He himself is the one making silly noises when everyone knows he is not capable of running a tuckshop let alone organising a fart in a bathtub full of warm water. At least Tsvangirai has made it clear that he is wise enough not to endorse a silly zanu muppet policy.
Bla miki – Barclays will win! Your own shona owned banks “ALL” collapsed and now you want to steal again. Barclays will close shop tomorrow instead of being told what to do by a little uneducated savage from your Mt Darwin area who has zero qualifications. He didn’t win with Zimplats or Anglo American – I suppose you think he did? He gave up and accepted a back-hander! Now go back to your chores as a useless little house nigger working for your chinese masters!!!
I know for sure most pipo will take their salary the moment its reflected kuti mari yapinda hapana chekumirira because with museyamwa banks we lost a lot of money back then hapana chinonaka, so all those dreaming kuti vachaite mari its a joke unless vatora maassets.
haha!ko ngavatange zvavoka vaitane empowerment,kuda kudya zvausina kushandira??imbwa yemunhu kasukiwere,pamazowe taipaziva ne maorange aitotengeswa kunze bt ds dyz pfura nepo uone,tumaorange twemusango tunovava zvekuti pfee,anofunga kti kuzoona vanhu ivavo vave ku owner zvinh zvavo inyore,it needs hardwork kwete mahara.nxt yr hamulume,iye Mugabe akangodara achiurairwa party nekampfana kari kuda kumiuwachisa????unlearned and greed pple vanonetsa
When will Tswangirai be accepted as Prime Minister by Zanupf? Zanupf Ministers do not seem to recognize the office of the Prime Minister which is constitutional in Zimbabwe. No wonder they still call themselves “the ruling party.” Why dont they learn from the white Rhodesians that political power changes? And the Prime Minister must also respect the Ministers. Denouncing them in public through the press results in such open disrespect of his office. As for us the majority of Zimbabweans, we are truly getting a row deal from this chaotic, dysfunctional and brutal government. May God quicken its collapse!
batai benzi iro murisunge ringatipisire musha
Our Minister of Industry & Commerce is busy painting Upper Tops – unolumila sure !
This means a new Zim wil open with a band of zanu bandits subotaging new improvements since they wl be clawng their fingers in mines and banks.Vadzvanyiriri vakaenda vakasiya hudzvanyiriri, true 100%.ths is what Smth did.no economic indpendence in a 1000y!
Tsvangirai needs to be focused and understand what it means 2 say 100pc indigenisation. Kasukuwere u a right. The zimbabwean econory is ailing because of the mdc called illegal sunctions!
Katsvukuviri is an idiot. He took over UTC and brought it to it’s knees. His employees have not been paid for months on end. The banks can agree in principal but they have one year to comply. I am sure there will be a different government in Zim early next year and all these gazzettes will be nullified and most of the Zanoid cabal will be in Chikurubi.
Where is the minister of industry and commerce in all this? Does this guy called Ncube exist? I hvbnt head anything not even a single word from him. Or is i t that he accompanied Bob to e east since they dine together.
Cedricat please enlighten us on the sad developments we are hearing about your European owned Barclays bank.
God save us from ministers who think they know it all and everybody else is clueless.i wonder why why he couldnt fix his Genesis if these laws will help anybody.
@lookeast, Mr 51% Kasukuwere would most probably claim 51% of someone’s husband before he goes for 51% of someone’s wife. You know what I mean….
This zanu muppet is clearly a dimwit. He has no business acumen or track record of achievement in this activity. He then goes forth blind as a bat to impliment a fatally flawed indigenisation policy. When those far wiser than himself, when those with greater responsibility admonish his disastrous actions and hare brained schemes. This numbskull will destroy an economy which was built over generations to spite the few foriegn investors. Elections are needed asap to put an end to the destruction of Zimbabwe wrought by these zanu muppets.
AND! Tsvangirai you spineless idiot – all you are known to do is “make a bit of noise” and that’s where it ends with you. You never ever put your foot down and say enough is enough! They walk all over you because you are a nothing! You sit there as if nothing has ever happened. You sat by and watched them destroy the agricultural industry, you sat and watched them destroy the mining industry, you are sitting by and watching them destroy the banking sector etc. etc. All because a bunch of savages despise the white man and what he has built up? Wait until everyone of them have left Zim,we will be just another Somalia! Yet behind our backs, these same savages go on begging trips to the Europeans and Americans – Tsvangarai included, while the man in the street suffers! I’m afraid to say that we will never ever be able to rely on these Northern savages to ever get anything right! What a despicable mob they are…
Zimbabwe has 24 Registered Commercial banks, of which 21 are indigenous and 3 are foreign owned. Is that not empowerment enough?
Kasukuwere is working round the clock to destroy the economy.He is the zpf agent sent to make as much harm to the economy as possible and scare away possible investors so that when MDC win in next election,they will inherit a sinking ship. At the same time these big wigs are busy looting as they know for sure that their days are numbered.
The “ONLY’ way to put a stop to a few of these individuals and their thieving ways is via a little copper jacketed bit of lead that travels at 2300 feet per second!PLEASE! Don’t for one minute think by talking to savages of this calibre will bring about change. They are on a mission of destruction and a ballot box certainly won’t bring about change!!! Think about it very very carefully. This GNU hasn’t changed their thieving ways – little else will apart from that little …….
this kasukuwere moron is actually the one making a lot of noise and i wonder what he really intends to achieve.seriously somebody urgently stop this fool.i have known him for some time now , he is just a person who is there for chaos and who has a difficult time to use his brains
Does this man have advisors. Next he will take over 51% of someones wife. Just have a look at his own company comoil. He is a total failure. He wants to bring zimbabwe down just like comoil. Shame
Aren’t these signs and symptoms of serious discord in the GNU? Is this conflict arising at implementation or it existed even at formulation of policies? I feel like we’re in a country run by two different governments. Let’s soon try fair and free elections pleeeease!!