m oil companies years ago, simply because it was an easy way to bolster the (Swiss) bank accounts of Zanu (PF) heavies.
No sooner had they done so than the country was hit by a major shortage – a situation that has never been successfully resolved.
Then they turned their attention to land – and we all know the result of that. Recently the government announced plans to force commercial banks to lend money to newly-resettled farmers, despite the fact that its own land bank nearly collapsed when politicians interfered with its lending policies.
Now, it is the turn of fertilizer, one of the beleagured agricultural industry’s most vital inputs.
This hare-brained scheme to mug the shareholders of the fertilizer industry is just another step in the Mugabe regime’s doomed ideological economic ‘reform’ that can only lead the country into further chaos and misery.
If the fertilizer companies have virtually collapsed because they are unable to obtain foreign currency to continue operating, how will a change in ownership alter this? – given that there is no hard currency available in the country.
Post published in: News