Indigenisation, no going back

There is no going back on indigenisation, Minister Saviour Kasukuwere has announced.


He hit back at Economic Planning and Investment counterpart Tapuwa Mashakada over the controversial black empowerment policy during a public lecture at Midlands State University.

He said locals would not pay for shareholding. This is contrary to what Mashakada told parliament last week when he clearly stated that black ownership was not nationalisation and should not scare away investors.

"There is no going back on indigenisation. There are always problems in every change but let me say, those who oppose this programme will not succeed," Kasukuwere said.

Asked whether he is aware of the negative impact the policy has had on the country, Kasukuwere said the effects had no substance because there was no way locals could benefit from the economy without carrying on the programme.

Post published in: Business

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