Sunday, September 30, 2007

BBC: Why "indigenization" won't work

"...The economic situation here makes the notion of staying in business a great challenge. But we don't know when these changes have to be made by - the intricacies have not been spelt out yet. Or how it will be put into practice...

Another factor to consider is who the government sees as indigenous and who they don't... Business owners may think that if they hold a Zimbabwean passport then they are OK.

But the government has said before that those who make up Zimbabwe's coloured [mixed-race], Indian and white communities were at an advantage during colonial times.

So maybe the so-called colonialism benefiters will be forced to relinquish their shareholds.

But a person's ability to run a business successfully doesn't depend on their skin colour. What you need is the best person for the job......

Another thing in the press are reports that the foreign companies doing business here support the opposition and their agenda is for regime change.

Maybe by passing this law the government thinks that stopping these foreign-owned companies from operating, will mean financial support for the opposition dries up.

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