Mugabe to redouble indigenisation efforts

2013-09-18 07:53
Robert Mugabe (AP)

Robert Mugabe (AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Special Report

Zim: EU insists on electoral reforms
Zim: EU insists on electoral reforms

The EU has reportedly set the implementation of electoral reforms as a key requisite for Zimbabwe's full re-engagement with the bloc.

Johannesburg - Zimbabwe's president Robert Mugabe on Tuesday vowed to pursue controversial indigenisation policies with "renewed vigour", in a speech to parliament that was boycotted by the opposition after disputed elections. 

Opening the new session of parliament, 89-year-old Mugabe vowed to redouble efforts to put foreign firms under national control, saying Zimbabweans must not be "bystanders" in running the country's economy.

"The indigenisation programme is to be pursued with renewed vigour," the veteran leader said, in the first session following the contested 31 July election.

"Indigenisation and empowerment legislation will be reviewed and strengthened during this session," he added.

The past decade of Mugabe's 33-year rule has been marked by land seizures from white farmers and a controversial indigenisation law, first implemented in 2010, that forced foreign companies to cede 51% shares to Zimbabwean partners.

So far it has been applied to mines only. Retailers and banks are next in line.

Critics say the law benefits Mugabe's allies and scares away foreign investment at a time when the country is grappling with high unemployment.

The president's speech was boycotted by lawmakers from the main opposition party, the Movement for Democratic Change, who have branded Mugabe's election win a sham.

Mugabe "has no right to open parliament and we can't participate in the ceremony presided over by him," the party's chief whip Innocent Gonese said.

High unemployment

Zimbabwe's electoral commission declared Mugabe the winner of the July election with 61% of the vote, extending his rule by up to five years.

But the vote was rejected by MDC leader Morgan Tsvangirai as "a massive fraud". He has claimed that large numbers of voters were turned away in opposition strongholds, and he has also criticised the chaotic state of the voters' roll.

Outside parliament on Tuesday scores of Mugabe supporters, clad in Zanu-PF party t-shirts, sang songs of praise and beat traditional drums in honour of the octogenarian.

Mugabe, who arrived at parliament in a black Rolls Royce accompanied by his wife Grace, said in his address that he was ready to mend fences with Western countries.

"We stand ready to work with even those who before were at odds with us," he said.

"On the other hand, we will continue to demand the immediate and unconditional removal of sanctions imposed by some arrogant Western countries."

Some Western nations imposed sanctions on Zimbabwe after elections in 2002, which Western observers said were rigged to hand Mugabe victory.

In the same speech, Mugabe acknowledged the country's economy was in bad shape and said the mining sector should be used to shore it up.

"Our economy continues to face numerous challenges characterised by declining production levels, high costs of production, company closures and high unemployment," he said.

"The mining sector is poised to play a greater catalytic role in the country's industrial development process."


Read more on:    mdc  |  zanu-pf  |  morgan tsvangirai  |  robert mugabe  |  zimbabwe  |  southern africa

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Inside News24

  • Wednesday Cape Town - 18:43 PM
    Road name: M3 Southbound
    DELAYS approaching the Rhodes Avenue exit
  • Wednesday Bellville - 18:34 PM
    Road name: Strand Road Eastbound
    DELAYS between Old Paarl Road and the R300 Highway
More traffic reports...

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

BlackBerry Bold 9790

Bold Design The BlackBerry Bold 9790 smartphone combines the iconic BlackBerry...

From R2979.00

I'm shopping for:


You may find yourself fascinated by something which could draw you in to obsessively exploring this subject in depth....read more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.