Breaking News

Kasukuwere blasts Gono, Biti

by Staff Reporter
16 February 2013 | 4608 Views
Indigenisation minister Saviour Kasukuwere has attacked central bank governor Gideon Gono and Finance minister Tendai Biti over their utterances against his empowerment programme, labelling them "noisy characters."

Kasukuwere yesterday told Parliament's committee on Women, Youth and Gender that the two wanted to hog the limelight every day and were glory-seekers.

He was responding to a question asked by the committee's MDC MP Miskeck Kagurabadza, on whether he was singing from the same hymn with Gono and Biti who have openly condemned his indigenisation drive, particularly in relation to banks.

A fortnight ago, Gono took a swipe at Kasukuwere, warning him to be careful in the indigenisation of financial institutions.

In presenting his 2013 Monetary Policy Statement Gono said while the banks should observe the laws of the country including the Indigenisation Act, "the process… should, however, take cognisance of the sensitiveness around the operation of the banks to restore confidence, trust and stability in the sector."
"One-size-fits-all does not work," the Central Bank boss said.

He said the bank was working together with the Indigenisation ministry "to ensure that compliance with appropriate laws is done in an orderly manner."

"Any pronouncements that encroach into the financial sector will remain pronouncements until they know who to consult," Gono said adding that, he will not keep quiet or fold hands while there are "frequent and flagrant attacks by some who are not as knowledgeable as us."

But, Kasukuwere argues indigenisation is a government programme and is of national interest.

"I am not implementing my own policy. It is not an individual view. I am implementing a country's law and it is not a Kasukuwere law. The problem is that this country is full of noisy characters.

"They have a lot of egos, many of them that are dangerous to the country."

He insisted government was going ahead to indigenise banks and private schools.

"The laws must be followed. We don't want to sing a different hymn as we have an indigenisation law and lets follow it, "said Kasukuwere.

Kasukuwere said he does not understand why Biti was not supporting empowerment programmes for youths by not giving them enough funds.

"I don't know whether it is a case of lack of desire or antagonism or whether it's both.  We could have raised cash and buy shares for youth  empowerment and he has been refusing to fund. I think it is different  political ideologolgy. Clearly he does not believe in the empowerment  and indigenisation programme," said Kasukuwere.

Biti has been quoted as saying an; "(MDC government) will review the entire Indigenisation and Economic Empowerment Act so that it is not about percentages."




"We will allow a law that ensures that there is genuine empowerment in Zimbabwe, children are going to school, hospitals are coming. It is not about figures. It is about ensuring that everyone is participating. The 51/49 percent is a wrong concept. That is why you only find that model here in Zimbabwe. You don't find it in South Africa. The BEE in South Africa is totally different."

He said empowering the people by giving them jobs, education, information and communication technology was key. 

Kasukuwere Gono Biti

Source: DailyNews

Should airtime and street vendors pay the $1 a day State levy?

Yes
18.31%
No
71.83%
Desperation
9.86%
71

Comments

News Updates

Email:

Latest News

President Khama election rival killed in car accident

by Staff Reporter | 30 July 2014 | 823 Views

Farmers urged to desist from side marketing - Harare - Soyabean farmer...

by Portia Sigauke | 30 July 2014 | 168 Views

Govt set aside $460 000 for Graduate Entrepreneur and Employment Promo...

by Portia Sigauke | 30 July 2014 | 213 Views

EU-Zimbabwe re-engagement Prudent - The EU-Zimbabwe re-engagement effo...

by Suitable Kajau | 30 July 2014 | 298 Views

Let's rally behind Amai's candidature

by John Mukumbo | 30 July 2014 | 992 Views

Tsvangirai must accept defeat

by Peacemaker Zano | 30 July 2014 | 1046 Views

Zimplats should be serious - Editor,It is a fascinating paradox to he...

by Sewart Murewa | 30 July 2014 | 522 Views

Nothing amiss in the elevation of Grace Mugabe

by Tafara Shumba | 30 July 2014 | 792 Views

The Presidential Scholarship should be localized - The Zimbabwe Presid...

by Stewart Murewa | 30 July 2014 | 627 Views

Tsvangirai returns home today - MDC-T leader Morgan Tsvangirai who yes...

by Staff reporter | 30 July 2014 | 1758 Views

Tsvangirai meets British Africa minister - MDC-T leader Morgan Tsvangi...

by Staff reporter | 30 July 2014 | 1563 Views

Conspiracy against Prophet Makandiwa? - The Zimbabwe Revenue Authority...

by Staff reporter | 30 July 2014 | 2621 Views

MPs exempted from tollgate fees - Legislators have been exempted from ...

by Staff reporter | 30 July 2014 | 1520 Views

Econet drives towards cashless society - Econet Wireless Chief Executi...

by Staff reporter | 30 July 2014 | 1682 Views

EcoCash launches Mobile Money Companion Debit Card in Zimbabwe - Econ...

by Staff reporter | 30 July 2014 | 1653 Views

Has Choppies become some loan shark? - WhatsApp

by Concerned Citizen | 30 July 2014 | 1658 Views

Border post still using this shack - WhatsApp

by Concerned citizen | 30 July 2014 | 1825 Views

Masvingo Beitbridge Road; Mpofu please give us a better answer

by Bekezela Maduma Fuzwayo | 30 July 2014 | 2111 Views

New twist to Bosso Nyaradzo bus; 'Bosso has no qualified driver' - The...

by Staff Reporter | 30 July 2014 | 2720 Views

Young kombi driver escapes from accident scene - several injured

by Ezra Tshisa Sibanda in Bulawayo | 30 July 2014 | 2941 Views

Mnangagwa behind Grace Mugabe's Zanu-PF Politburo rise?

by Itai Gwatidzo Mushekwe/ Mary-Kate Kahari | 30 July 2014 | 4272 Views

Baba Jukwa suspect's mom grilled by CIOs

by Staff reporter | 30 July 2014 | 3216 Views

Deco turns down Bosso

by Sports reporter | 30 July 2014 | 1912 Views

MDC-T constitutional amendments to create an expanded presidium

by Staff reporter | 30 July 2014 | 1220 Views

Baba Jukwa link, student refused UZ student ID card

by Staff reporter | 30 July 2014 | 1865 Views

'Mnangagwa has no faction'

by Staff reporter | 30 July 2014 | 1203 Views

Mawere distances self from MDC-Renewal merger

by Staff reporter | 30 July 2014 | 1629 Views

'Munotidako' up for theft - SUNGURA artiste Jacob Moyana, popularly kn...

by Staff reporter | 30 July 2014 | 1975 Views

Entertainment

Miss Zimbabwe UK 2014 aims to raise bar in quality

by Staff Reporter | 29 July 2014 | 1492 Views

Gospel singer wants prostitution to be legalised - Controversial gospe...

by Staff reporter | 27 July 2014 | 3952 Views

Zimbabwean boy revels in Soul Brothers music

by Lovemore Dube | 26 July 2014 | 7069 Views

Carl Joshua Ncube to tour with brand new material - The brand new stan...

by Staff Reporter | 24 July 2014 | 995 Views

Macheso gears up for UK tours - In an apparent joint preparation for t...

by Entertainment reporters | 23 July 2014 | 1927 Views

DJ Munya is back - After a two-year hiatus, DJ Munya - real name Munya...

by Entertainment Reporter | 23 July 2014 | 3998 Views

White guy plays chitekete - https://www.youtube.com/watch?v=kp16XF-Tcf...

by Staff Reporter | 23 July 2014 | 5685 Views