Breaking News

Community Share Ownership Scheme politicised, polluted

by MDC-T
06 February 2013 | 3741 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
74.73%
No
9.04%
Who cares?
16.22%
376

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

'Prioritise quality education,' says Grace Mugabe - The First Lady Dr...

by Staff Reporter | 25 October 2014 | 668 Views

'I am not a sell out,' says Dr Mujuru - Vice President Dr Joice Mujur...

by Staff reporter | 25 October 2014 | 3037 Views

Mugabe's Zanu-PF politburo ignores Grace's demands - Yesterday's much-...

by Staff reporter | 25 October 2014 | 2098 Views

Zesa power outage riles Mugabe - President Robert Mugabe yesterday cam...

by Staff reporter | 25 October 2014 | 1392 Views

My aunt taught me how to have sex, says rapist

by Staff Reporter | 25 October 2014 | 3973 Views

Incompetent cops - WhatsApp update - Please note that Bulawayo24 does...

by Concerned Citizen | 25 October 2014 | 1688 Views

'Amaiguru Gire is working tirelessly hard to destroy Zanu PF' - Please...

by Sando kuna Gire | 25 October 2014 | 5362 Views

Rotary Club of Bulawayo donates to Tjewondo Primary School

by Collin Nyabadza, Executive Director - Collin Nyabadza Children's Voice Charitable Trust | 25 October 2014 | 1057 Views

Dr Joice Mujuru graduation party - Live updates - Vice President Joic...

by Staff reporter | 25 October 2014 | 7620 Views

Politburo ends pre-matually - The Zanu-PF Politburo meeting has ended ...

by Staff reporter | 25 October 2014 | 2628 Views

Mujuru's political life hangs in balance, kept guessing - Vice-Preside...

by Staff reporter | 25 October 2014 | 2625 Views

Zanu-PF Politburo drama fails to materialise - THE Zanu-PF politburo g...

by Staff reporter | 25 October 2014 | 1452 Views

Mugabe convenes parliament - President Robert Mugabe will next week op...

by Staff reporter | 25 October 2014 | 1264 Views

Tsvangirai broke, failing to maintain government mansion - MDC-T leade...

by Staff reporter | 25 October 2014 | 1325 Views

Bosso ranked higher than English Premier sides QPR, Pompey - BULAWAYO ...

by Sikhumbuzo Moyo | 25 October 2014 | 2168 Views

Adulterous man sued for maintenance - A BULAWAYO magistrate has grante...

by Lethokuhle Moyo | 25 October 2014 | 1224 Views

Cop gets a thorough hiding, left with swollen face - A policeman was ...

by Plaxcedes Hove | 25 October 2014 | 1614 Views

Teacher suspended over sex with Grade 6 pupil - THE teacher from Roman...

by Sukulwenkosi Dube | 25 October 2014 | 1772 Views

Man brutally axed to death, body dumped on railway line

by Bongani Ndlovu | 25 October 2014 | 2352 Views

R50 abortion specialist nabbed

by Staff Reporter | 25 October 2014 | 1573 Views

Macheso granted provisional order against abusive hubby

by Staff Reporter | 25 October 2014 | 3427 Views

Mugabe okays Mliswa ouster

by Farirai Machivenyika | 25 October 2014 | 4986 Views

War vets to stage anti-Kaukonde protest

by Staff Reporter | 25 October 2014 | 3596 Views

Jabulani Sibanda urged to resign over 'sharp shooter' Grace Mugabe

by Staff Reporter | 25 October 2014 | 5294 Views

'Zanu-PF is much bigger than personal ambitions and vendetta' - The cu...

by Kennedy M. Mandaza, ZANU PF SA Secretary for Information and Publicity | 25 October 2014 | 3166 Views

Zanu-PF official embroiled in sex scandal, including raping girl (9) -...

by Staff Reporter | 24 October 2014 | 5863 Views

No meaningful devolution without fiscal autonomy - The ZAPU devolution...

by Themba Mthethwa | 24 October 2014 | 1955 Views

Open letter to Grace Mugabe - I AM sure you don't know me at all, bei...

by GP Ndlovu | 24 October 2014 | 9595 Views

Entertainment

Carl Joshua Ncube to star in game show - Comedian Carl Joshua Ncube wi...

by Staff reporter | 23 October 2014 | 1008 Views

LadyBee Anondida - Official video

by Staff Reporter | 23 October 2014 | 2275 Views

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

by Staff reporter | 20 October 2014 | 2890 Views

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

by Staff reporter | 20 October 2014 | 5341 Views

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

by Staff reporter | 19 October 2014 | 1605 Views

Gezha maoko - Ladybee (Official Video)

by Staff Reporter | 19 October 2014 | 2931 Views

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

by Staff Reporter | 17 October 2014 | 1849 Views

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

by Staff reporter | 16 October 2014 | 2148 Views
iBlog

Protect Your Greatest Small Business Asset: Time

if your work week is way more than 40 hours, your smartphone is glued to your hand, and your to-do list is multiple pages of overdue tasks—you know how valuable every minute of your time is.your smartphone and tablet make doing business from anyw... Read More
Sergey 05 September 2014 ago

Those Behind Tb Joshua Watch Photo Proof!

when this couple (dave and angie) were indicted of being the masterminds behind tb joshua watch, the blog admins refuted it and denied any sort of connections with the couple, but that’s not what the facts portray as precisely every single one ... Read More
pointblank 13 July 2014 ago