The present controversial Indigenisation and Economic Empowerment Act requires locals to own at least 51 percent of any firm with a minimum capital value of $500,000.
MDC-T Secretary General Tendai Biti is on record saying there is need for a rethink of the law in order to allow the free buying of shares with no government restrictions.
However, Sibanda, said the war veterans were not satisfied with the 51/49 share ownership structure.
“People who died for this country during the liberation struggle did so in order to completely take over the economy. No one died for 49 percent or 51 percent. They died for 100 percent,” he said.
Zimbabwe would perhaps be the first country in the world to have its businesses wholly owned by locals if the war veterans’ agenda succeeds. Ecomists say Zimbabwe lacks the capacity to go it alone.
Post published in: News
We dont even have a currency because of you and you wont stop. Somalia is even than us.
well done Sibanda god bless Zimbabwe with mindless people like you
Did this Sibanda fall on his head at birth or was he shot in the head during the liberation struggle if he ever was there. Surely we have some war vet out there with more grey matter in his small toe nail then this guys over grown head. ZPF this guy will cost you the elections. get rid of him, he is no good even to himself.
Jail beckons for this mindless thug, Wakarwa hondo kupiko at your age. Shame on you.
They fought for this country using Chinese and Russian weapons. Then they sat down to negotiate the Lancaster House agreement through the help of the British and Americans.
We are using the U.S. dollar, being economically bank-rolled by the Chinese, politically influenced by the British, and scorned at by the Russians (some of whom are racists par-excellence).
We were never really independent.
Its the internet age, now. Its too late for Johnny-come-lately ideologies like Sibanda’s.