News24

Mugabe expected to 'save' foreign banks

2012-07-05 14:20

Cape Town - Zimbabwe’s Central Bank boss says he will be consulting with President Robert Mugabe for guidance on the latest moves by the country's indigenous minister to have foreign banks seized under the Zanu-PF led asset grab programme, a report said on Thursday.

According to Newsday, President Robert Mugabe was now expected to intervene in the battle between Reserve Bank of Zimbabwe's (RBZ) governor Gideon Gono and indigenous minister  Saviour Kasukuwere after Gono declared that foreign banks would be not be seized.

The indigenous minister last Friday extended government’s asset grab programme under the indigenisation laws to include banks, crèches, primary and secondary schools as well as institutions of higher learning. He gave foreign-owned banks a year to transfer 51% of their shareholding to locals.

But Gono on Thursday warned the move breached the country's own banking laws. He said he was now seeking a meeting with Mugabe - who is in Singapore until this weekend for a medical check-up - for guidance.

"The Zimbabwean banking sector needs to be advised that there is no law that provides for arbitrariness on the part of anyone and/or expropriation of banking assets in Zimbabwe," he said.

"I will soon... be consulting with and obtaining further guidance from President Mugabe on the latest moves by the minister [Kasukuwere] in relation to the sector that I superintend, the banking sector, and his [Mugabe’s] instructions will be final in the manner in which we will proceed.

"Until such guidance is received from the president, we regard the regulations as gazetted as devoid of detail and rationality as they are contradictory in many respects with existing laws in the country such as the Banking Act and the RBZ Act which stand at par with any other law in the country except the Constitution," he said.

Gono said Kasukuwere’s notice had been published without consultation with "monetary authorities in the country".

Comments
  • charlesdumbwin.dumbwin - 2012-07-05 14:28

    This m@nkey should have been assassinated long time ago

      felix.feline.3 - 2012-07-05 14:30

      Drone Strike! Take his little posse with him.

      patrick.buckley.712 - 2012-07-05 14:41

      The useless in perpetual pursuit of a freebie.

      david.w.bakker - 2012-07-05 17:32

      kasukuwere's was CEO of a bank in Zim that had to CLOSE down. Nowonder he wants to get back into the banking business, so he can f*ck that up aswell

  • Henk - 2012-07-05 14:40

    Now he is going to be the Hero when he turns on his own ideas! Hulle jaag ook net K2K aan!

  • miemie.fick - 2012-07-05 14:42

    Stupidity in overdrive.....

  • Provence - 2012-07-05 14:57

    Maybe Mugabe has not gone to Singapore for medical reasons after all. Maybe he has gone to make deposits?

  • sizwe.bwana - 2012-07-05 15:03

    We need him to come help us with getting our economic freedom, he can become our minister of economic freedom. Problem solved!

      butch.poulter - 2012-07-05 15:17

      Rather you move to Zimbabwe and starve with your brothers, MORON. Who taught you to work with the white mans computer.

      justin.ware17 - 2012-07-05 15:29

      Ignorant troll knows nothing of the suffering in Zim. He would be the first to jump the border fence when he feels the pinch of his so call economic freeDOM.

      Jack - 2012-07-05 17:15

      Good answer Butch. Send a whole lot to go live there for a month and you'll see them coming back kissing white people

      Chumscrubber1 - 2012-07-05 21:20

      Free dom? Not a good idea...

      trevor.roberts.148 - 2012-07-05 23:50

      You are obviously a whitey who is taking the p*ss. If so good one.If not a total idiot.

  • Gavin - 2012-07-05 15:12

    die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die die

      keith.f.murphy - 2012-07-05 15:25

      you sound like a damn poepsak idiot with a brainless box you pigskin vampire

      Chumscrubber1 - 2012-07-05 21:21

      pigskin vampire! - eish, nice keith, nice ...

      badballie - 2012-07-06 14:09

      Of course if the ANC weren't in power you would have been able to go to a state hospital to have that terrible stutter seen too.

  • devon.riley.52 - 2012-07-05 15:22

    Just as we thought they couldn't sink lower into the dwang they prove us wrong. What a bunch of retards, soon we will have the whole of Zimbabwe living here

  • reine.marais - 2012-07-05 15:23

    Just think of the impact that this will have on any foreign investment that might still be happening in Zim? And are we, in ZA, heading in the same direction? Tragically, it is not garbage. It is actually happening, and similar could be coming our way soon. HELP!

  • sizwe.bwana - 2012-07-05 15:40

    You whiteys don't understand, Africa is for blacks, you should all go to Australia where you will be welcome. We understand Mugabe, he's the man, Zuma can learn a lot from him.

      justin.ware17 - 2012-07-05 15:43

      Troll words from a troll mind.

      ernst.j.joubert - 2012-07-05 15:46

      @Sizwe: Whites contribute to the economy, they pay taxes that support millions of blacks and they put their blood, sweat and tears into SA. We have just as much right to the land in this country as you have.

      Duke Dukem - 2012-07-05 16:10

      sizwe crap like you should leave the country, brainless people like you are f***** it up for everyone else.

      Jack - 2012-07-05 17:04

      I would go to europe, but I hear the blacks have taken over there too

      justin.pretorius - 2012-07-05 18:04

      So Sizwe, why don't you go live in Zim since it's run so brilliantly? What, too scared?

      Ian - 2012-07-05 19:23

      especially when you are starving to death

      jimzimbo - 2012-07-05 20:03

      @ sizwe.... hey darkie it's whitey here, i mentioned matabele in zim and asked what you knew about them and my comment was removed by NEWS 24, I wonder why?? anyway what do you know about the matabele and their plight under bob, not only now but historically??

      Lacrimose - 2012-07-05 20:16

      Australia now out-performs us in *mining*, engineering, construction, water, education, telecommunications, and the list goes on. Most embarrassing is the mining part. The Alliance has managed to take mining from 66% of GDP all the way down to 7% of GDP in 18yrs. So please learn that lesson - soon. Because all the lessons 'the man' has taught Africa have just made Africans poorer.

      Kevin - 2012-07-05 20:55

      What could Zuma learn from Mugabe? How to ruin a vibrant economy, render most of the population unemployed, force 3m people to become economic refugees, how to commit genocide, how to rig elections and how to live the rich life on the taxpayers money.

      lindela.e.mtshali - 2012-07-05 20:56

      Sizwe its better to be quiet and people think you are stupid. Than to talk and remove all doubt. People can't eat slogans and ideologies! They eat food. Just visit Zim and then you will know why they are all here and they have taken all the restaurant jobs in Joburg. They grew up with the Chimurenga. We should not make excuses when we make stupid decisions and blame white people. Blindly worship politicians because they were in the "struggle". Many never fired a single bullet at the SADF. Whites did not lose a war here. The sanctions messed up the economy. Just like they have pushed Zim to the scrap heap. People stop speaking rubbish about nationalisation. Just read history books instead of watching Generations. I personally don't want to be a refugee in some cold country in Europe waiting tables and expecting people to feel sorry for me. We have children to raise in this country. Its a beautiful country. The whitey's belong here. Just like you and me

      Chumscrubber1 - 2012-07-05 21:24

      And leave you to throw litter all over the place, and break everything you take from us. No siswe, we can't be that cruel, we need to stay here and look after you, protect you from yourselves.

      kevin.gleeson.54 - 2012-07-05 22:17

      Nice one Sizwe, once we have all left, you will be begging us to come back and help your famine impoverished Africa and begging for handouts, you must be part of the African gravy train to believe your comment.

      badballie - 2012-07-06 14:14

      Please buy me a ticket, I would go like a short, but I hear that you guys have been there already and even mentioning South Africa at customs now will get you cavity searched. But I will gladly post you comment on to the right people in Britain who are just dying for a good reason to tell your relatives there the same thing.

  • sizwe.bwana - 2012-07-05 16:59

    Foreign banks in big trouble and need to be Saved. So proud of Mugabe, he's the only one who cares and can do it. Viva Mugabe Viva

      justin.pretorius - 2012-07-05 18:03

      HEHEHEHhhhehh

      Provence - 2012-07-05 20:45

      @Sizwe move to Zimbabwe then and enjoy economic freedom, please go, we will be proud of you. No, you won't you are too yellow man. Talk is easy, try living in Zimbabwe, you won't survive a day weakling. Bow down and worship what you still have, be thankful you don't live under the brain damaged Bob. Wake up you simpleton.

      Kevin - 2012-07-05 20:59

      Fool they aren't foreign banks, they are Zimbabean Banks. Try doing business with them and you will soon find out how bloody useless they are, except for those where there is foreign training and input into their systems. Most of Zimbabwes indigenous banks have been looted and are technically insolvent.

      Chumscrubber1 - 2012-07-05 21:26

      Tee hee hee hee ....

      kevin.gleeson.54 - 2012-07-05 22:25

      Maybe while the "whiteys" are heading to first world countries where their contributions are valued, you (Sizwe Bwana) can gain some insight into the real Africa by spending some time in Somalia, Djibouti, Mali, Nigeria, Swaziland, Sierre Leone, Liberia etc etc, then be happy you live in a country like South Africa, that without the help of hard working people, black and white, you would be wondering where your next meal was coming from.

      david.w.bakker - 2012-07-06 07:46

      With all theses comments sizwe, you now know why you don't have friends on FB. actually I think you don't exist only commenting to stir up racial hate. F*ck you

  • popeye.sailor.1884 - 2012-07-05 17:01

    Why is this excuse for a human being still alive?

      badballie - 2012-07-06 14:16

      who Sizwe or uncle Bob and the boys?

  • timgregorysa - 2012-07-05 17:09

    News24 Editors - Saviour Kasukewere is not "the countries indigenous minister"... he is the Minister of Indigenisation", i.e. making sure black Zimbabweans own stuff. Check your own Who's Who link if you don't believe me

  • justin.pretorius - 2012-07-05 17:59

    Running out of money already again?

  • Chumscrubber1 - 2012-07-05 21:27

    Lost cause Zim ... yawn ... same old, same old ....

  • trevor.roberts.148 - 2012-07-05 23:46

    Is anyone suprised by this rubish.

  • henry.bosman.5 - 2012-07-06 08:41

    These zimbo's think targeted sanctions were bad. Perhaps it's time for full blown sanctions,starve them all.No loss to humanity.

  • badballie - 2012-07-06 14:07

    It is so unfortunate the greed is the driving force of the business concerns like mining and banking that prevent these foreign business's from puling out of Zimbabwe completely. The refusal to act in the common good by these companies must therefor be seen as and act of solidarity by these companies with the ruling party and as an action that not only confounds the efforts of the citizen to break free from its repressive regime, but also as a instrument which prolongs and exacerbates the suffering of the common people of Zimbabwe. It is the duty of every free man to actively boycott any company operating in Zimbabwe on an international basis, until such time as they withdraw. In short the human rights abuses that have become synonymous with the ZANU-PF rule only made possible by the foreign business's that through their business dealing in that country have financed and promoted the ruling parties agenda.

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