Breaking News

Community Share Ownership Scheme politicised, polluted

by MDC-T
06 February 2013 | 3730 Views
The MDC-T's position is that Kasukuwere's Community Share Ownership charade is nothing but another ploy to hoodwink voters ahead of elections.

The Community Share Ownership Scheme in its current form is tantamount to theft by Zanu-PF where companies are arm-twisted into supporting an illegal scheme that has no credence in a normal country. Zanu-PF is on a crusade to fleece companies in order to fund its election war chest. The recent revelation of corruption in Manicaland where the Zanu-PF provincial leaders extorted over US$700 000 from mining firms is just a tip of the iceberg. The MDC will continue to boldly and candidly expose Zanu-PF's dishonest and insincerity in this whole facade of empowering people.

The MDC has robust policies that will grow the economy for the benefit of all Zimbabweans, and not just party cronies. Our mining policy explicitly spells out that as part of corporate social responsibility, mining companies are to ensure the provision of housing, health facilities, roads, schools, water and sanitation facilities in the communities they operate in.

The MDC will also establish a proper Sovereign Wealth Fund (SWF) which will be financed and managed through clearly defined statutes on Resource Rent Tax not donations or bribes as manifested in Kasukuwere's Community Share Ownership Scheme. The Sovereign Wealth Fund will be funded by ring-fencing the Resource Rent Tax (RRT) to invest in long term projects and instruments that ensure economic prosperity beyond the depletion of our mineral resources.

Kasukuwere's empowerment scheme is a replica of the usual Zanu-PF's unstructured policies on land expropriation, thus his indigenisation programme is carried out in an opaque and often corrupt manner. Just recently Kasukuwere "went to town" claiming to have raised US$4 billion for the government's National Indigenisation and Economic Empowerment Fund (NIEEF) and community trusts.

Surprisingly he has not given the same publicity of the record of payments being made nor of the share transfers to the National Indigenisation Fund. Therefore the fund being created by Kasukuwere lacks a clearly defined structure, financing and staffing and proper legal existence. The fund clearly lacks any institutional structure for transparency and accountability.

In normal circumstances, a Sovereign Wealth Fund (SWF) should be responsible to, but independent of, government ministries. It should be established under the ambit of the finance ministry, with an autonomous board made up of professionals just like other quasi-government entities like the Reserve Bank of Zimbabwe.

The people of Zimbabwe should be made aware that the issue of Community Share Ownership Scheme is not a new phenomenon, but rather has been part and parcel of corporate social responsibility of companies since time immemorial. It is thus very wrong for Zanu-PF to now run with the programme as if it is their initiative. Instead of supporting companies who have all along been carrying out these programmes professionally and transparently, Zanu-PF has in fact high jacked this noble undertaking, laced it with political overtones while at the same time extorting money from these companies.

The MDC believes that the role of the state should be to create conditions for enterprises and individuals to flourish and not to decimate existing businesses under the guise of empowerment. Following more than a decade of economic regression Zimbabwe requires access to investment capital and this can only be unlocked by a sound policy regime.

The people of Zimbabwe do not want handouts. They want a government with forward looking and sustainable policies to allow them to live to their full potential. They want a government with a vision to drive this country forward. They want a government with policies that can create jobs, attract investment from domestic and international sources, and put in place measures towards rural transformation and mass upliftment.




This is why over 78% of Zimbabweans concur with the MDC that the current policy of indigenisation is inimical to development and economic growth. It is narrow and only meant to enrich a few politically connected people. It is a continuation of a patronage system that has been at the epicentre of destroying this economy.

Zimbabweans are not lazy. They want to work for themselves, to provide for their families and communities and they want to develop their country.

Politicised Polluted.Kasukuwere


Disclaimer:
All articles and letters published on Bulawayo24 have been independently written by members of Bulawayo24's community. The views of users published on Bulawayo24 are therefore their own and do not necessarily represent the views of Bulawayo24. Bulawayo24 editors also reserve the right to edit or delete any and all comments received.

Source: MDC-T

Could there be war if Grace Mugabe becomes President?

Yes
74.86%
No
10.29%
Who cares?
14.86%
175

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

Crocodile eggs vendor granted bail

by Staff Reporter | 21 October 2014 | 722 Views

Ex- cop 'steals' $5000 from doctor

by Staff Reporter | 21 October 2014 | 790 Views

Gadadi battle brings back sad memories for Mat'land - Thousands of peo...

by Thabo Kunene | 21 October 2014 | 1863 Views

Oscar Pistorius sentenced to 5 years in prison

by Staff Reporter | 21 October 2014 | 3072 Views

Man kills self after gleaning wife's romantic messages with neighbour ...

by Staff reporter | 21 October 2014 | 3410 Views

Fatal end to joy-swim as two boys drown - MVUMA - What began like a jo...

by Staff reporter | 21 October 2014 | 1720 Views

Zim seeks to clear 'bad image' in the West - NEWLY appointed Zimbabwea...

by Staff Reporter | 21 October 2014 | 1499 Views

VP aspirants must reform, says JB Phetshu - ZANU PF Matabeleland South...

by Staff reporter | 21 October 2014 | 1390 Views

Mujuru(s) reaping what they sowed?

by Chris Goko | 21 October 2014 | 3956 Views

Killer Pastor gets double life jail term - CONTROVERSIAL Jerusalem Ap...

by Court reporter | 21 October 2014 | 1459 Views

Jilted woman torches self in love dispute

by Staff reporter | 21 October 2014 | 2141 Views

Woman jailed 14 months for kidnapping minor

by Staff reporter | 21 October 2014 | 1227 Views

Drunk pupils thoroughly bash Maths teacher - TWO highly intoxicated pu...

by Staff reporter | 21 October 2014 | 3387 Views

Boarding master caught pants down with matron

by Staff reporter | 21 October 2014 | 5346 Views

Things we have learnt from and about Grace Mugabe - In the last articl...

by Alex T. Magaisa | 21 October 2014 | 3393 Views

Prophet rapes married congregant - A SELF-PROCLAIMED Gokwe prophet was...

by Staff reporter | 21 October 2014 | 2163 Views

MDC-T more violent than Zanu-PF - survey - THE MDC-T was fingered as t...

by Staff Reporter | 21 October 2014 | 772 Views

Grace Mugabe agitating for war, says Biti - PRESIDENT Robert Mugabe's ...

by Staff reporter | 21 October 2014 | 2762 Views

Peter Ndlovu, Grobbelaar out of England's greatest 100 list

by Sikhumbuzo Moyo | 21 October 2014 | 2601 Views

Man assaults soldier, cops over girlfriend - A Gweru man allegedly wen...

by Staff reporter | 21 October 2014 | 1679 Views

Zanu-PF Politburo meeting deferred - The Zanu-PF Politburo meeting, wh...

by Staff reporter | 21 October 2014 | 1484 Views

Lightning strikes 50 police recruits in Zimbabwe - FIFTEEN police recr...

by Staff reporter | 21 October 2014 | 2394 Views

Widow stones in-laws at suicide wake - ANTI-RIOT police had to be call...

by Auxilia Katongomara | 21 October 2014 | 1379 Views

Opposition parties rallies behind Joice Mujuru - FUNCTIONARIES from o...

by Staff reporter | 21 October 2014 | 2452 Views

Tsvangirai set to impose Sikhala - MDC-T leader Morgan Tsvangirai yest...

by Staff reporter | 21 October 2014 | 1577 Views

Chamisa confronts Tsvangirai - MDC-T leader Morgan Tsvangirai on Satur...

by Staff reporter | 21 October 2014 | 2032 Views

Wife saves boyfriend's number as 'malume' - A 34-YEAR-OLD man allegedl...

by Staff reporter | 21 October 2014 | 3750 Views

Moyo sucked into Grace Mugabe rally case - BULAWAYO Provincial Affairs...

by Staff reporter | 21 October 2014 | 2903 Views

Entertainment

Zim representative in the Big Brother Africa survives eviction - Zimba...

by Staff reporter | 20 October 2014 | 1740 Views

Grace Mugabe's political comedy takes ZTV hostage - For the past two w...

by Staff reporter | 20 October 2014 | 3818 Views

Oliver Mtukudzi to deliver lecture at Musica 2014 - Zimbabwe's interna...

by Staff reporter | 19 October 2014 | 1067 Views

Gezha maoko - Ladybee (Official Video)

by Staff Reporter | 19 October 2014 | 1825 Views

Matebeleland Music & Arts Festival - Sivala umnyaka ngengoma lapho sit...

by Staff Reporter | 17 October 2014 | 1515 Views

Obediah Matulana releases Christmas DVD - Bulawayo-based musician Obed...

by Staff reporter | 16 October 2014 | 1681 Views

Grace Mugabe honoured in song - Dancehall outfit Final Warning has rel...

by Tawanda Marwizi | 15 October 2014 | 2172 Views

US firm makes money off Zimbabwe concept - United States transport sh...

by Staff reporter | 14 October 2014 | 2696 Views
iBlog

The Nsa Gets An Ok For Telephony Metadata Collection Yet Again

As much as we’d like to forget about the national security agency (nsa) and its mass surveillance program, it seems that there is no distracting ourselves from this unnerving reality.missing from the news for quite some time now, the issue has resu... Read More
SecNews 09 July 2014 ago

Positions To Make Female Orgasm Easier During Intercourse

some women are fortunate enough to be able to climax easily, and in almost any sexual position. the majority of women though, sometimes find it difficult to orgasm especially when they are with a partner. sometimes this difficulty is just a result ... Read More
adoniadennis 12 May 2014 ago