Mavhinga made the call on the sidelines of a Kimberly Process seminar held by the South African Institute of International Affairs (SAIIA) at the University of the Witwatersrand, Johannesburg, Wednesday.
“Organisations like the AAG should be led by real black entrepreneurs with a clean and traceable record of achievement like telecommunications guru, Strive Masiyiwa, banking executive-NigelChanakira among others and not political activists masquerading as entrepreneurs”, said Mavhinga in his scathing attacks.
Mavhinga also questioned the indigenisation exercise being promoted by some elements within Zanu (PF) and raised concern that the planned companies takeover would just end like the controversial land reform.
“The Kasukuwere mooted (Minister of Indigenization) indigenisation that has split Zanu (PF) into two is misguided, a lame excuse for loot and plunder by people who have neither vision nor innovation to take Zimbabwe forward”, lamented Mavhinga.
Supa Mandiwanzira of the AAG said his organisation supported the indigenisation initiative as espoused by Minister Kasukuwere arguing that the move was simply an execution of Zimbabwe’s supreme laws adding that unlike Reserve Bank Governor, Gideon Gono, the AAG fully supported the exercise.
“Banks just like any other private businesses are companies operating under the laws of Zimbabwe. As an organisation we fully support the application of indigenisation and empowerment act on all companies including banks”, said Mandiwanzira.
“Gono is allowed to have opinions by the virtue of him being a Governor but there are laws to be followed in Zimbabwe of which the indigenisation act is one of them”, reiterated Mandiwanzira.
Mandiwanzira in defence of the allegations that only elites would benefit from this exercise just like the land reform said, “ there is no democracy in business , there is no democracy in capitalism it’s who gets the opportunity first”.