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Killing the goose that lays the golden eggs PDF Print E-mail
Saturday, 06 March 2010 19:29

I, like many other Zimbabweans, am puzzled by the thinking  in Zanu PF especially at this critical juncture when we should all be working hard to remove any obstacles in the way of much-needed foreign direct investment. Firstly, Zanu PF says it is against Zimbabwe being classified as a Highly Indebted Poor Country in order to qualify for debt relief because they believe this will open floodgates of foreign interference in our economic affairs, but they are quite happy to mortgage our minerals and other resources to the Chinese.
In fact, downtown Harare is slowly but surely turning into another Chinatown as more and more of the shops are being taken over by the Chinese. I was suprised recently when members of the ludicrous Affirmative Action Group threatened xenophobic attacks against the Nigerians leaving out the more ubiquitous Chinese.
And then the recently gazetted empowerment law that has sent shivers through the investment community has certainly put paid to any prospects of economic recovery. There is no investor, not even from the East, who will come to a country where the government sanctions theft of businesses in the name of indigenisation.
Many of the companies targeted for takeover were built painstakingly over many years and to suddenly have some ignoramus come in and take up majority shareholding is like placing mice in charge of a sack of peanuts. In the typical Zanu PF way, this is another case of  reaping where they did not sow.
MDC-T must remain steadfast in its opposition to this ruinous piece of legislation which is bound to reduce our industry and commerce to the  same shambles as in agriculture.

Disgusted
Harare.

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