ZVIMBA - President Robert Mugabe has incited youths to invade foreign-owned companies and mines.President Mugabe, who was addressing students at the re-launch of Kutama Association on Saturday, said the youths should have a stake in the foreign owned mines and companies.
“I don’t admire a young man who wants to be a manager for the rest of his life. He must be thinking all the times that he must be also the owner of that company not just manager. Some will say you will make us lose our jobs, but if we are going to lose
jobs because of that let that be. Let our young people create the jobs,” said President Mugabe.
He said like the land reform embarked by the country in 2000 the controversial Empowerment Act was aimed at controlling the country’s resources.
“I know that a lot will say Mugabe is doing his own thing he started from land and now is in the mining sector, if the minerals are ours I am not ashamed because this is what God gave us and we must protect our resources and make them more productive if they are raw and more meaningful in terms of them being utilized in developing our people,” he added.
The controversial Empowerment Act has been viewed by analysts as a discouraging factor for investment. The act has also created tension in the coalition government with parties forming transitional government differing in their views of the law.
MDC says the Empowerment Act should be revised to so that it won’t scare
away investors, while Zanu (PF) said that it was an answer to the sanctions which were imposed by the west.
Post published in: News