Minister Kasukuwere Bashes Pretoria Portland Cement

 

 

“We are very good at defending foreigners when we go outside Zimbabwe and say bad things about Zimbabwe,” he said in Harare.

“But just go to Bulawayo and look at Pretoria Portland Cement and what they have done to their area where they operate. They have done nothing for their community and the workers are not benefiting at all from the cement they get.”

Pretoria Portland Cement (PPC) is listed on the Zimbabwe Stock Exchange (ZSE) and is among the major cement producers in Zimbabwe right now.

Kasukuwere accused prominent chartered accountant and economic commentator, Dr Eric Bloch, of being unpatriotic because he usually criticizes the Government of National Unity (GNU) and yet he is an advisor to many companies listed on the ZSE.

Bloch is said to be an advisor to more than 80 firms operating in Zimbabwe especially those based in Bulawayo, the second largest city in the country.

He is also believed to be an advisor to PPC based in Bulawayo.

“There is no foreigner who will just come here to help you,” Kasukuwere said.

 

“They want to benefit and they will do anything for their benefit.”

The minister has ruffled feathers in Zimbabwe and abroad by his indigenisation regulations where foreign owned companies must cede at least 51 percent to indigenous Zimbabweans.

 

Analysts have said this is seriously stifling investment but Minister Kasukuwere says he will not go back to the days of colonialism where Whites ran the economy “at will”.

 

He has dealt with commercial banks, some mines and is now moving into the lucrative tourism industry in Zimbabwe.