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Oct

25

2010

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This Madness Must Stop

This Madness Must Stop

Chiyangwa is said to have indicated that he wanted to be given the enterprise as part of Mugabe's indigenisation exercise to transfer wealth from the whites to the blacks.
When a tender was put for interested bidders on Zisco, Chiyangwa did not bother to apply. He just wants Zisco to be his ahead of all other Zimbabweans.

This is but one of the reasons why the controversial Indigenisation Act has already been condemned locally and internationally with serious investors withdrawing or threatening to do so if the country goes ahead with the full implementation of the process.

Zimbabwe's economy went on its knees in the past decade due to rogues who wanted to acquire wealth for their own personal gains and egos. The very fact that US$ 300 000 was raised for Mnet's Big Brother Africa second place winner, Munyaradzi Chidzonga over night showed there was money in Zimbabwe albeit in the hands of few men. The question is why is this money not going into the productive sector?

The national treasury is currently operating in the red and it is failing to increase the current pathetic salaries for teachers and other civil servants who earn an average US$ 150

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