News24

Mugabe vows to overhaul business laws

2012-12-07 22:52

Gweru - Zimbabwe President Robert Mugabe on Friday vowed to overhaul business laws to require 100% black ownership of firms, up from 51%.

In a pre-election address to the Zanu-PF party faithful, Mugabe said the government would press ahead with controversial indigenisation policies, despite protestations from foreign investors.

"The notion that capital is more important than any other factors is nonsense," Mugabe told 5 000 delegates in the central city of Gweru. "That philosophy is dirty, filthy and is criminal."

Mugabe's government passed a controversial indigenisation law two years ago, forcing all foreign-owned firms to cede a 51% shares to locals, arguing it would reverse imbalances created during colonial rule.

"I think now we have done enough of 51%. Let it be 100%," he told the last party conference before 2013 polls, which could well see the 88-year-old's name on the ballot for the last time.

In typically bombastic style, Mugabe's comments plotted a clear populist platform for his re-election campaign.

Internal splits

"If you don't want to abide by the rules go away."

Mugabe and Zanu-PF face an uphill struggle to win over voters, many of whom are angered at the poor state of the economy.

The party must also patch up the damage done by internal splits that cost the party dearly in the 2008 general elections.

In that election, for the first time since independence in 1980, Zanu-PF lost its majority in parliament.

That helped force the veteran leader into a shaky power-sharing government with long-time rival Prime Minister Morgan Tsvangirai, whom he will face at the polls.

Comments
  • Devin.F.1991 - 2012-12-07 23:01

    The day people see that truth that there is NO BIOLOGICAL BASIS for "race" and it stops being an issue is the day humanity enters the next cultural renaissance. May that day come soon, for all our sakes.

      Bob - 2012-12-07 23:11

      Races are biologically different. Different physical structure, aptitudes, capabilities and so forth. But I get what you're saying, discrimination hinders development and social cohesion.

  • Bob - 2012-12-07 23:05

    Mugabe continues to prove that you can be incredibly well-educated and still be as stereotypical African as can be. There is no hope for this continent - not in our lifetime.

      john.rhodes.12576 - 2012-12-08 05:37

      Trouble is, he is clinically insane with power, oh and harvesting billions from the Zim coffers also keeps a smile on his face!

  • Omnivore - 2012-12-07 23:08

    Then I guess Hitler was a stereotypical African also.

      EricksonTL - 2012-12-07 23:47

      No. Hitler was proof that you don't have to be an African leader to be an idiot. But it helps!

      Bob - 2012-12-07 23:51

      Yeah Omnivore, because when you say the word 'Africa' all I can think of is prosperity, free elections, low unemployment, high standards of living and no political violence...

      blip.noodlum - 2012-12-08 02:12

      Hitler inherited a Germany with a Reichsmark just as devalued as the Zimdollar, with 30% of the country unemployed (as he himself was for some years after being demobbed) and burdened by war-reparations debts taller than Everest. In under five years the Mark was the second-strongest currency in mainland Europe after the Swiss Franc. Unemployment was down to zero. Massive infrastructure capital projects were under way all over -- including the miraculous autobahn network still in use today, but also new dams, power-stations, rail branch networks, telephones, radio, tunnels and pipelines etc. Innovative experiments were under way with Zeppelin airships and Junkers passenger aircraft. Germany re-industrialised almost overnight, with a focus on comsumer goods for the working man, such as the cheap, sturdy Volkswagen car. And then his dark, hateful, bigoted and heartless side took over and ruined it all. Mugabe's Zimbabwe never ever rose that high, but it has certainly fallen as low under the vile brutish Mad Bob.

  • louis.vantonder.98 - 2012-12-07 23:19

    How does one educate the willful ignorant electorate?

      Wally Wal - 2012-12-07 23:31

      worm are eating this ou,s brain; shame!!

      MagdaKus - 2012-12-08 09:28

      Lois- I don't think Zimbabweans are an "ignorant electorate"- they're just not much into violence. Difficult to defeat a dictator peacefully. And Bob did not concede he lost the last elections.

  • Stefan Erasmus - 2012-12-07 23:40

    And where is Hitler today???

      blip.noodlum - 2012-12-08 02:13

      dust and ash somewhere

      kortbroek.duplessis - 2012-12-08 07:15

      Ag never mind Hitler what about Qadaffi, oh how I wish Mugabe can have the same ending as Qadaffi at the hands of the white man he so much hates.

  • ludick.media - 2012-12-07 23:47

    Aurvua Zim . . . You will forever after a law like this be seen as the country that could have, but never did thanks to a senile dictator...

  • ludick.media - 2012-12-07 23:49

    Apartheid ....The devil ...... Zim Atrocities ..... Willing to let it fly by because its not the white man saying stuff like this .... Where is the world now ?

      blip.noodlum - 2012-12-08 02:15

      It's Africa. They're fatigued with Africa. Couldn't be bothered any more. Africa must find its own way forward.

      nic.nomicos.3 - 2012-12-09 00:00

      #Blip...unfortunately Africa will never be able to find it's own way forward....

  • Bob - 2012-12-08 00:03

    Let's say good ol' Rob manages to kick out every bit of white out of the country. Then what? Who's he going to project his bitterness and hatred towards then?

      blip.noodlum - 2012-12-08 02:16

      Matabeles.

  • Ryan - 2012-12-08 00:16

    The companies will go away, just like you want Bob. It's really uncanny how racist some of these African leaders are --- obsessed with race in almost every declaration.

  • mark.g.truscott - 2012-12-08 00:50

    Lets have some tolerance! Bob on his way out....he knows it....all propaganda!

  • EsteGerritz - 2012-12-08 01:10

    1000% more evil than Hitler. Cannot for the life of me understand why he is still alive,

      nick.tarr.39 - 2012-12-08 07:49

      Cant believe so many people thumbed up that comment! Hitler wantonly slaughtered hundreds of thousands of people. Created a world war that killed even more... Lets be realistic. Maybe compare Bob to Idi Amin...

  • rodney.green.9406 - 2012-12-08 01:44

    This is an admission of massive failure.Bob Mugabe is saying that the population is unable (does not have the ability,)to create businesses themself.Therefore the only way to obtain a slice of the economic pie is to steal (through legalised theft,)the businesses from the creators of those businesses.

      Rhimigious Percy Mhlabi - 2012-12-08 06:22

      The idiot is @ it again trying to buy votes.

  • douglas.reid.921 - 2012-12-08 03:25

    Tell that to your chinese investors, maybe you just asking to be shot. Funny how when it comes to racism the african leaders are the worst. And our government support him. Like Gadaffi he had plundered his country and taken all the money overseas. Gadaffi had taken $ 200 billion, I wonder how much bob has taken. And the west who put him into power just stand by and do nothing. I will never forget the picture of bob walking holding hands with our leaders. Hitler number 2.

      herman.letlalo - 2012-12-08 14:11

      I read the book, dinner with Mugabe, the guy started good, skilled his people, and progressed towards economic equality, faster than the anc will ever dream of, the problem got to be similar to one we have with zuma. Manipulations by cadres, selfishly craving undeserved wealth, blackmailing him with threats of civil war, with the lancaster house agreements not delivering, he stood on the fence and witnessed the economic plummet of the country. We could lead the same direction with zuma in power,if he gives way to cadres .

  • Gerald Jordaan - 2012-12-08 03:27

    What sh*t you smoking Bob ? You're totally f*cked in the cranium boet !!Do us all a favour and f*ck off and die u bastard !!

      kortbroek.duplessis - 2012-12-08 09:45

      It's either the old age or syphilis talking

  • digger.dighead - 2012-12-08 03:36

    Ok let me see if I have this correct....If I am an investor, I come give my money over to 100% black people then leave? If I am a white Zim, born and bred...I take all my savings start a business (because I can’t get a job), then hand it over to 100% blacks and then starve to death because I have no way of earning a living because I am white? Yip that's going to work, good plan at least that way we can all die together of starvation, black and white.

  • douglas.reid.921 - 2012-12-08 03:38

    People are going to queue up to urinate on his grave.

  • dragonfire47 - 2012-12-08 03:43

    ha ha ha really you mad lunatic what business's would that be as all the big firms pulled out of your crap hole of a country years ago, even zim cricket is dead, freaking fruitcake

  • jomdubai - 2012-12-08 04:58

    Nice shirt with gold bar print... :)

      reg.nagel - 2012-12-24 20:38

      Jomdubai..He looks like a,F.......clown..

  • ian.robertreid - 2012-12-08 05:18

    Dictator~ should have stopped him in his tracks long ago!

  • WuXingShou - 2012-12-08 06:03

    Vrek jou moer!

  • otis.mugwira - 2012-12-08 06:10

    most comments are from whites who are opposed to black empowerment,yet they foget that what they have was inherited from there forefathers.mugabe is doing for the future generation not himself coz he is about to die.Zimbabwe will never be a colony again!viva bob!

      Rhimigious Percy Mhlabi - 2012-12-08 06:19

      You are an idiot, stupid post,

      Warren Wepener - 2012-12-08 06:25

      Half of Zimbabwe is in South Africa you dumb racist who relies on racist laws to see your way through life can you not see that it makes the mind of white people stronger more intellectual that will slowly eat up your space in future without you even know it stop waiting for a law to create your future and act as a person not a protected black

      percyferrao - 2012-12-08 06:48

      @OTIS... I dont know where you get your info.. its just stupid. 99% of whites are fed up of the unemployment and suffering amongst black people in this country. Why do you think we are so angry about corruption and poor education. Unfortunately though it is the poor and unemployed who keep voting for idiots like this. I would be happy to pay even more tax to help the poor (black or white) if my tax money was being used correctly. Secondly I inherited nothing from my forefathers, my parents were refugees and anything I have now is as a result of their hard work, my determination and many years overseas gathering skills and finance to invest in a future for myself in South Africa! Try to think about what you write!

      nick.tarr.39 - 2012-12-08 07:55

      Yeah whites came and took the big businesses from the indeginous people. Walked in and through legislation took the big mining firms, legal firms, commercial farms, etc. Oh wait.... There was nothing before white people came except subsistence farming and tribal waring. Whats the bet you are a Zimbabwean living in South Africa otis?

      dragonfire47 - 2012-12-08 07:57

      yeah otis and it will never be the bread basket of africa either, nothing but a barren dustbowl of starving masses but you dont get it do you

      michael.kleber.376 - 2012-12-08 08:08

      well otis mugabe has taken away 51% of businesses in zim and are they now flourishing ? they are being run by his cronies are they now successful companies ?

      Zahir - 2012-12-08 10:06

      There is no pill to cure stupid people u must be a mugabe cronie

      makarapakaplan - 2012-12-08 10:38

      Otis pls go back to zim. Why are you here in SA

      louwc - 2012-12-08 12:40

      I nearly fell of my chair laughing reading your comment Otis! You are a real comedian thanks for making my day! The "forefathers" have not even invented the wheel when the "devils of colonialism" arrived - let alone built a ship that could sail here and not even to plant crops never mind doing it in straight lines! Otis, it is clear, Bob is going to and already is, starve his people to death! While he dines on lobster and caviar! Wake up Makweri-kweri!

      nic.nomicos.3 - 2012-12-08 23:45

      You poor retard....

      reg.nagel - 2012-12-24 20:39

      otis...same old f...story

  • morne.toit - 2012-12-08 06:22

    What a joke.....Mugabe has been ruling for 30 years and wants to fix issues from colonial rule.............he is senile and should not even be ruling his own household..........

  • dorette.forrester - 2012-12-08 06:23

    He either has dementia or some other mental condition but this guy has done everything in his power to destroy that country! There really is no hope for Africa - it seems they all just want to die from hunger and starvation and the leaders want to fill their own pockets as much as they can. If you are corrupt and incompetent it seems you have all the credentials to be an African leader.

  • Prince Kgwale - 2012-12-08 06:41

    Can anyone please wake this Madala up? He's still asleep since 1980. Bob we know that u die and wake again please with that madness of yours.

  • gaeleen - 2012-12-08 06:45

    Hell's Kitchen awaits him

  • magwaza.mfundo - 2012-12-08 07:06

    Economic FReedom is becoming a reality for the people of Zimbabwe..The lord has blessed them with a visionary leader Mr R. Mugabe..Its a fact that white people hate Mugabe becaused he fights for his people and is not kissing the toes of the Britain Queen. Here in South Africa, we must also address all these apartheid-created inequalities we see daily..It doesnt make sense that the land and wealth of our country is only enjoyed by the white minority community. We must deport all racists and work together with those who want to stay and spread the wealth and land so that we enjoy and benefit from our rich beautiful country in equal measure...

      dragonfire47 - 2012-12-08 07:40

      thats right you uneducated moron, deport every single white person on this this sinking continent, just remember no west facing begging bowl, the only aid you will get is a tomahawk up your useless ass

      nick.tarr.39 - 2012-12-08 08:00

      You talk about equal measure in the same paragraph that you say you want to take everything from the whites and give it to blacks. You cant even keep a coherent thought together... Also "the land and wealth of our country is *only* enjoyed by the white minority" ... are you living in a shack in the transkei having to subsitence farm while using the internet to post this comment? Are you forgetting the Cyril Ramaphosa's, Tokyo Sexwales, etc etc Stop trying to blame whites for your inability to create wealth. Look at your own personal shortcomings (of which there seem to be many) instead of looking for a scapegoat.

      daniel.rossouw1 - 2012-12-08 08:14

      Mugabe is a moron, pel. His country is bankrupt and behind scenes US AID is being off loaded to feed the hungry but you think its so wonderful. If its so wonderful why is Zimbabwe people flocking to RSA?

      magwaza.mfundo - 2012-12-08 08:35

      Daniel, dont be ignorant..A lot of people flock into SA..What do you say about all these Europeans that are here??What do you say about the Americans that "adore" SA?? What do you say about the Australians that cant get enough of our country?? What about Nagerians, Somalis, Namibias?? Why should Zimbabweans be an exception?? Everybody is flocking into SA as it iz and that includes you Daniel..You are not South African, your racist forefathers came here with boats and weapons to oppress South Africans and now you have the decency to tell us who should be here and who shouyld not??

      duane.vanvuuren - 2012-12-08 09:11

      magwaz.mfundo : Then you and your troop best bugger off back north, pal! According to historians it's only the Khoisan that have "rightful claim" as indigenous South Africans.

      Zahir - 2012-12-08 10:00

      You have a loser mentality because u failed to progress u blame whites the wealth of SA is with anc u must ask them to share their billions they wont give u R1

      nic.nomicos.3 - 2012-12-08 23:37

      Economic freedom is becoming a reality for the people of Zimbabwe...HAHAHA...what a ###%

      digger.dighead - 2012-12-09 02:38

      magwaza.mfundo Firstly, there is a massive difference between economic freedom and economic suicide...and your hero that's not kissing the queens feet is begging behind closed doors for money because his country is down the tubes. Your hero has destroyed the economy to such a point that they must use "white man money"...the US dollar, because their currency is useless. As far as deporting all racists, you better start with yourself and working together, spreading the wealth...you mean the ones that are willing to do all the work and give people like you money for nothing so you can sit on your fat ass and complain how done in you are. Grow a brain and do something for yourself.

  • regis.matipano - 2012-12-08 07:16

    @Otis.mugwira u so dumb is astonishing. Bob is doing it for homself. Wake up and smell the coffee.

  • regis.matipano - 2012-12-08 07:17

    @Otis.mugwira u so dumb its astonishing. Bob is doing it for himself. Wake up and smell the coffee.

  • Willie Olivier - 2012-12-08 07:19

    magwaza, why don't you move then to Zimbabwe

      magwaza.mfundo - 2012-12-08 07:40

      Why should I move?? This is my country of origin! The only one that needs to move is you..Willie,why dont you go back to the over-populated Europe??

      nic.nomicos.3 - 2012-12-08 23:41

      And that, kids, is the comment of a rocket scientist....

  • dragonfire47 - 2012-12-08 07:37

    whay didnt the senile fruitcake start his crap when he took power in 1980, aaaaaah the good ol SADF, the coward waited from his pals the anc to start slowly destroying this country first, the story of africa

  • Johnson - 2012-12-08 07:38

    Let them have 100% - why do they need foreign investment and for that matter foreign aid ever

      nick.tarr.39 - 2012-12-08 08:02

      I agree. Let the country turn to dust under mugabe's policies. Just be sure to fix that hole on our border. Let the Zimbabweans sleep in the bed they make.

  • warren.carne.9 - 2012-12-08 07:49

    Good by investment,Good bye jobs-Bob you legend,what a legacy you left, one things for sure you will never be forgotten,the leader who wrecked his country

  • flysouth - 2012-12-08 08:11

    Dinner with Zuma, a parable..... Once, not so long ago, I was invited to Tynhuis for a private dinner with the President. I am a respected businessman, with a factory that produces memory chips for computers and portable electronics. There was some talk that my industry was being scrutinized by the administration, but I paid it no mind. I live in a free country. There's nothing that the government can do to me if I've broken no laws. My wealth was earned honestly, and an invitation to dinner with the South African President is an honour. I checked my coat, was greeted by President Zuma’s chief assistant and joined the President in a yellow dining room. We sat across from each other at a table draped in white linen. Uniformed staff served our dinner. The meal was served, and I was startled when my waiter suddenly reached out, plucked a dinner roll off my plate, and began nibbling it as he walked back to the kitchen. "Sorry about that," said the President. "Sipho is very hungry." "I don't appreciate..." I began, but as I looked into the calm brown eyes across from me, I felt immediately guilty and petty. It was just a dinner roll. "Of course," I concluded, and reached for my glass. Before I could, however, another waiter reached forward, took the glass away and swallowed the wine in a single gulp. "And his brother Bongani is very thirsty." said President Zuma.

  • flysouth - 2012-12-08 08:12

    I didn't say anything. The President is testing my compassion, I thought. I will play along. I don't want to seem unkind. My plate was whisked away before I had tasted a bite. "Bongani's children are also quite hungry," Murmured Msholozi. With a lurch, I crashed to the floor. My chair had been pulled out from under me. I stood, brushing myself off angrily, and watched as it was carried from the room. "And their grandmother can't stand for long." I excused myself, smiling outwardly, but inside feeling like a fool. Obviously I had been invited to Tynhuis to be sport for some game. I reached for my coat, to find that it had been taken. I turned back to the President. "Their grandfather doesn't like the cold," he said. I wanted to shout- that was my coat! But again, I looked at the placid smiling face of my host and decided I was being a poor sport. I spread my hands helplessly and chuckled. Then I felt my hip pocket and realized my wallet was gone. I excused myself and walked to a phone on an elegant side table. I learned shortly that my credit cards had been maxed out, my bank accounts emptied, my retirement and equity portfolios had vanished, and my wife had been thrown out of our home. Apparently, the waiters and their families were moving in. The President hadn't moved or spoken as I learned all this, but finally I lowered the phone into its cradle and turned to face him.

  • flysouth - 2012-12-08 08:12

    "Sipho's whole family has made bad financial decisions. They haven't planned for retirement, and they need a house. They recently defaulted on their mortgage. I told them they could have your home. They need it more than you do." My hands were shaking. I felt faint. I stumbled back to the table and knelt on the floor. The President cheerfully cut his meat, ate his steak and drank his wine. I lowered my eyes and stared at the small grey circles on the tablecloth that were water drops. "By the way," He added, "I have just signed an Executive Order nationalizing your factories. I'm firing you as head of your business. I'll be operating the firm now for the benefit of all Comrades. There's a whole bunch of Bongani’s and Sipho’s out there and they can't come to you for jobs grovelling like beggars."

  • flysouth - 2012-12-08 08:12

    I looked up. The President dropped his spoon into the empty bowl which had been his Creme Brulee. He drained the last drops of his wine & burped. As the table was cleared, he lit a cigar and leaned back in his chair. He stared at me. I clung to the edge of the table as if it were a ledge and I were a man hanging over an abyss. I thought of the years behind me, of the life I had lived. The life I had earned with a lifetime of hard work, risk and struggle. Why was I punished? How had I allowed it to be taken? What game had I played and lost? I looked across the table and noticed with some surprise that there was no game board between us. What had I done wrong? As if answering the unspoken thought, the President suddenly cocked his head, locked his empty eyes to mine and bared a million teeth, chuckling wryly as he folded his hands. "You should have stopped me at the dinner roll," he said

      hendrik.breed - 2012-12-08 08:24

      Fantastic!!

      nic.nomicos.3 - 2012-12-08 23:18

      DITTO...

  • craig.s.pepper - 2012-12-08 08:12

    I see that the chronic effects of syphilis has finally rotted away the last braincell. There are no adequate words in the English vocabulary to describe this pathetic organism.

  • goitsemodimo.tawana - 2012-12-08 08:13

    I don't necessarily agree with Mugabe's radical and obtrusive approach to equitable wealth redistribution and economic empowerment, however, I do believe that he has layed down a solid foundation for a prosperous, equitable and economically powerful Zim in the next 20 to 30 years.

      Ryan Makowem - 2012-12-08 09:52

      You don't necessarily agree...are you serious? How would you react to the US or UK adopting such policies? A simple comment in a football game brings excessive fines and court dates but God forbid such racial discrimination on African soil and it's ok. Zim was the bread basket of Africa, but look where it is now! Your Naivete is only rivaled by your intellect mate. You sound like an intelligent person...act like one!!!

      vluiz - 2012-12-08 12:21

      Idiot. Do you really think he gives a damn about Zim in the next 20 to 30 years? He is just making the kind of policies that will win him a few more votes come election time.

      nic.nomicos.3 - 2012-12-08 23:14

      prosperous,equitable and economically powefull Zim in the next 20 to 30 years. What drugs are you on dude???

  • altus.kirsten - 2012-12-08 08:19

    Strange that Zim asked SA for money for their elections. Looks like the new business laws are working like a dream. Knak die bra soos 'n windbuks en laai hom vol lood.

  • Piet - 2012-12-08 09:32

    This Guy is an Insane Dickhead. Why he continues to live beats me.

  • annelise.vanderschyff - 2012-12-08 09:36

    He is nutier than a fruit cake!!!zuma se maaitjie!!!!!

  • Marcel Marais - 2012-12-08 09:36

    Ja now lets not wonder why zim is so messed up!!! if there is no investors there is no money!!! stupid

  • chrisfourielipman - 2012-12-08 09:49

    ANC + ZUMA + Mugabe = ONE

  • grace.murindiwachisimba - 2012-12-08 10:20

    still alive?

  • mordikaai.speak - 2012-12-08 10:48

    Like all else there should be an age when one needs to hand over control and take a break

  • terry.palmer.562 - 2012-12-08 18:31

    die alreay old man

  • douglas.reid.921 - 2012-12-08 21:03

    The prince of plunder.

  • dragonfire47 - 2012-12-08 21:20

    vrek jou moodenaar, vrek

  • nico.dejongh.90 - 2012-12-09 08:22

    "The notion that capital is more important than any other factors is nonsense." and in the same breath this snake fossil wants 100%.

  • jack.levitt.98 - 2012-12-10 00:57

    I hope President Obama doesn't get any ideas from this brilliant move.