Breaking News

Kasukuwere blasts Gono, Biti

by Staff Reporter
16 February 2013 | 5063 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

Is Itai Dzamara eyeing the US Green Card?

Yes
20.22%
No
73.95%
Not sure
5.83%
549

Comments

News Updates

Email:

Latest News

Man commits suicide after girlfriend withdrew lobola money without his...

by Mafu Sithabile | 26 May 2015 | 4012 Views

New political party launched in Zimbabwe - A new political party has b...

by Staff reporter | 26 May 2015 | 7390 Views

Listen: Mnangagwa preaching Zanu-PF gospel

by Staff reporter | 26 May 2015 | 2894 Views

Mangoma supporters beat up Tevera - THE case in which MDC Renewal Team...

by Takunda Maodza | 26 May 2015 | 4029 Views

Mnangagwa jibe angers Tsvangirai's MDC-T - The MDC, stung by a witheri...

by Staff reporter | 26 May 2015 | 3021 Views

'Tsvangirai unlikely to pave way for Mujuru' - Crisis in Zimbabwe Coal...

by Staff reporter | 26 May 2015 | 3533 Views

New breed of prostitutes at risk of HIV - The new crop of prostitutes ...

by Staff Reporter | 26 May 2015 | 3884 Views

Woman bashes, scaldes Hubby with hot water for changing his bank PIN ...

by Staff Reporter | 26 May 2015 | 2269 Views

Prostitute beds married man, grows male organ - A self-confessed 19-y...

by Staff Reporter | 26 May 2015 | 4881 Views

SA on desperate mission to mend it image after xenophobic attacks - On...

by Brian Sheriff | 26 May 2015 | 2843 Views

Indian religious leader in Zimbabwe for holiday - Indian religious and...

by Staff reporter | 26 May 2015 | 1689 Views

Tsvangirai threatens to boycott 2018 polls - The MDC-T has reiterated ...

by Staff reporter | 26 May 2015 | 2711 Views

Job Sikhala condemn 'adulterous' Mangoma - Former legislator Job Sikha...

by Thobekile Zhou | 26 May 2015 | 5395 Views

Jonathan Moyo settles Tsholotsho FC's hotel and other expenses in Hara...

by Staff reporter | 26 May 2015 | 3541 Views

Tsholotsho hold Dembare - Dynamos 0 - 0 TsholotshoA SECTION of Dynamos...

by Augustine Hwata | 26 May 2015 | 2543 Views

Zim will never develop with fraudsters at the helm - Sikhala

by Stephen Jakes | 26 May 2015 | 2976 Views

Tsvangirai a failed leader, says Biti

by Yoliswa Dube | 26 May 2015 | 2743 Views

Mnangagwa mocked for traveling over 400km to open beer hall

by Stephen Jakes | 26 May 2015 | 7256 Views

Zanu PF strives on blood bath - Biti

by Stephen Jakes | 26 May 2015 | 2816 Views

Tsvangirai's MDC-T suspends officials for using social media - FIVE MD...

by Staff reporter | 26 May 2015 | 2248 Views

'Dabengwa most likely to brew shocker' - POLITICAL analysts think the ...

by Staff reporter | 26 May 2015 | 5723 Views

Zimbabwean woman is UK town's first black councillor - BORN and raised...

by Staff reporter | 26 May 2015 | 5689 Views

Power generation to drop at Zambezi River

by Stephen Jakes | 26 May 2015 | 2245 Views

Mangoma embroiled in an adulterous saga with married woman

by Stephen Jakes | 26 May 2015 | 3894 Views

Mnangagwa is a small boy, says Tsvangirai

by Thobekile Zhou | 26 May 2015 | 3997 Views

Zanu-PF fumes over $30 million Mugabe debt claim - Taking a firefighti...

by Staff reporter | 26 May 2015 | 2931 Views

Biti attacks Tsvangirai

by staff reporter | 26 May 2015 | 2396 Views

Zimbabwean woman fined K5,000 for illegally staying in Zambia

by Stephen Jakes | 26 May 2015 | 2554 Views

Entertainment

Ex-Generations actress was once involved in an adulterous affair with ...

by Staff reporter | 26 May 2015 | 5225 Views

ZTV blackout looms - ZIMBABWE will likely miss the June 17 Internation...

by Staff reporter | 25 May 2015 | 4064 Views

Bulawayo snubs Big Nuz - AFTER gathering strength to make the long tr...

by Kusile Madlela | 25 May 2015 | 3868 Views

Winky D face 10 year UK ban for fraud

by Staff Reporter | 24 May 2015 | 6062 Views

Ngibhace ezizweni - Unkown Artist - ...

by Staff Reporter | 23 May 2015 | 4417 Views

Zimbabwe linked Tinashe nominated for a BET award - TINASHE Jorgenson ...

by Staff reporter | 23 May 2015 | 2981 Views
iBlog

Four In 10 Americans Face Regular Online Fraud Attacks

Microsoft offers four primary tips to help protect users from identity theft:• be selfish and defensive with personal information by not sharing sensitive details in emails, and instant and text messages• create, use and keep secret so-called “... Read More
SecNews 24 October 2014 ago

Auslogics Boostspeed 7 - More Powerful And User-friendly Than Ever

Auslogics boostspeed 7 - more powerful and user-friendly than ever!wondering how to fix slow computer performance? experts recommend auslogics boostspeed 7 - the most comprehensive system optimization software! auslogics boostspeed 7 is here!the bran... Read More
ITnews 26 August 2014 ago