Zimbabwe

Mugabe to continue black empowerment policy

2013-09-12 09:09
Zimbabwean President elect, Robert Mugabe at the country's Commemoration of Heroes day in Harare. (Tsvangirayi Mukwazhi, AP)

Zimbabwean President elect, Robert Mugabe at the country's Commemoration of Heroes day in Harare. (Tsvangirayi Mukwazhi, AP)

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Cape Town - Zimbabwean President Robert Mugabe has vowed to continue with his controversial indigenisation policy of seizing the majority stake in foreign-owned firms, a report said on Thursday.

Addressing journalists after the swearing-in of his new cabinet, the 89-year-old veteran leader said he wanted to see indigenisation, adding that the country's economic recovery would be anchored on the mining, manufacturing and agriculture industries, CNN reported.  

Mugabe's new cabinet has 26 ministers and a new Indigenisation Minister Francis Nhema replaces Saviour Kasukuwere who has been given the Water, Environment and Climate ministry. 

Critics of the policy have said it mainly benefits a few elites.

Read more on:    robert mugabe  |  saviour kasukuwere  |  zimbabwe  |  southern africa

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