Gono finally sees the light

makumbe_headerTime to read the riot act
The battle between the Reserve Bank of Zimbabwe (RBZ) governor and the Minister of Indigenisation and Empowerment, Saviour Kasukuwere, raises several interesting points in relation to policy-making in Zimbabwe and within Zanu (PF). Reliable sources have indicated that at a recent Zanu (PF) politburo meeting,

The rest of the 62 members of that body raised concerns about capital flight and the discouragement of foreign investors from Zimbabwe at a time when the national economy is desperate for such investment. Although Gono argues that he had opposed the proposed approach to the indigenization process as far back as 2007, he himself had also contributed significantly to the demise of the national economy through his quasi-fiscal activities in relation to the agricultural sector. Perhaps he has now seen the light and repented from his irrational ways.

Gono is quite correct to argue that while it is necessary to indigenize foreign owned businesses, the approach espoused in the recently gazette regulations is clearly suicidal for the Zimbabwe economy. Kasukuwere disagrees and insists that there is nothing wrong with the approach, although he has been forced to agree to some significant changes to the original version of the regulations. Kasukuwere needs help to understand that all major decisions of governance under the GNU require the concurrence of the principals to the GPA.

This requirement is enshrined in the GPA and in Constitutional Amendment 19, which is now part of the Constitution of Zimbabwe. The fact that the Indigenisation Act was passed before the inauguration of the GNU does not preclude compliance with the dictates of the GPA. Tsvangirai is therefore correct to declare the indigenization regulations null and void since he was not consulted before the regulations were gazette. But we all know that Kasukuwere took this action with the full support, if not encouragement, of Mugabe.

It would appear that the individual who has a serious problem with regard to this matter is actually Mugabe. Two of his most loyal underlings are, apparently, at each others throats. In most of his utterances these days, Mugabe sounds very much like he supports Kasukuwere and is opposed to most of what Gono is arguing on the matter. Does this mean that Gonos flirtations with Zanu (PF) have finally reached their zenith? Is it likely that we might see Kasukuwere appointed as the next governor of the RBZ and Gono appointed to represent Zimbabwe in South Africa?

It is not beyond Mugabe to make such ridiculous appointments. We have seen similarly laughable re-assignments before. Mugabe is most certainly irked by Gono likening the Indigenisation and Economic Empowerment regulations to farm-type jambanja [violence] of the chaotic fast track land reform programme. Indeed, Mugabe has never condemned the violence of the commercial farm invasions, and he is not about to do so now. Gono is obviously economically and rationally right but grossly politically incorrect according to Mugabe, Kasukuwere and Zanu (PF).

The nation waits for the logical conclusion of this critical matter. Here is yet another opportunity for patriotic men and women of Zimbabwe to make a stand against the willful destruction of our national economy by those who are mentally challenged and myopic, who see the tip of their nose as essentially defining the world as a whole.

They say if you cannot stand for something you will fall for anything. It is time to read Mugabe and his ilk the riot act. Posterity will judge us harshly if we, once again, allow the dictator to get away with the murder of our national economy.

Post published in: Opinions

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