Zimbabwe proposes black-run firms

BBC News ^ | Monday, 25 June 2007 | BBC

[TLI]

President Robert Mugabe's government has published a bill to move majority control of "public companies and any other business" to black Zimbabweans. The goal is to ensure at least a 51% shareholding by indigenous black people in the majority of businesses.

Critics say it could hurt investor confidence in Zimbabwe, suffering from the world's highest inflation and food, fuel and foreign currency shortages.

Now the Indigenisation and Economic Empowerment Bill will go to parliament.

[TLI]

They might not make the predicted 6 months before collapse of the country, I think this is something new.

[SolidWood]

The sooner they collapse the better. Let them get rid of Mugabe and realize the stupidity of tyrannical anti-capitalist, anti-white policies.

[VRWCmember]

Yeah, how’s that been working out for you so far after you stole the farms from the white owners (and killed most of the owners who didn’t get out soon enough) and turned them over to the black squatters to run, Mr. Mugabe?

[Maceman]

Critics say it could hurt investor confidence in Zimbabwe

Ya think? Gee. I was ready to invest all my money in Zimbabwe until I read about this new plan.

[lormand]

I've seen something like this happen recently.

It's called Gaza, and is a total disaster.

[RexBeach]

Yeah, before he began that absurd policy, old Zimbabwe was an exporter of food; now it can’t feed its own people.

Now THAT is a bunch of baloney.

[Mark was here]

This is just the affirmative action gang hitting their stride.

[rabscuttle385]

I sense desperation on the part of Mugabe. He knows that his end is near.

[goldstategop]

A regime incapable of managing the economy and feeding most of its people talks of empowering them. With 11000% inflation a month, you would think the Mugabe regime would have a grip of reality. What it can't see is there's no hope blacks will ever have a better life under it since has destroyed all basis for national existence. But hey - keep pressing on with more socialism!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[sheik yerbouty]

Another thug will replace him. The country formerly known as Rhodesia will starve..

[KarlInOhio]

Critics say it could hurt investor confidence in Zimbabwe

Any investor who still has any confidence in Zimbabwe should go ahead an invest it. Their money will do more good in Mugabe's Swiss bank account than in anything an idiot who would still consider investing in that socialist hellhole would keep it in. You should expect a better return from investing in Air America.

[Freedom_no_exceptions]

Critics say it could hurt investor confidence in Zimbabwe

There is still "investor confidence" in Zimbabwe???

Bobby Mugabe is likely to die of old age. Bummer.

[mort56]

Critics say it could hurt investor confidence in Zimbabwe

So the authors of this piece (the BBC) actually believe there still is "investor confidence" in Zimbabwe? It would seem the BBC not only has a problem with bias but also with the concept of reality.

[Gideon T. Reader]

Maybe if some Mexicans went to help them,.............??

[headsonpikes]

“Critics say it could hurt investor confidence in Zimbabwe...”

LOL! That’s quite the understatement.

Mugabe isn’t shuffling deck chairs on the Titanic, he’s peddling time-shares on the Hindenburg!

[GOPJ]

Critics say it could hurt investor confidence in Zimbabwe, suffering from the world's highest inflation and food, fuel and foreign currency shortages.

Is there a way to short a whole country?

[vikingd00d]

>>They might not make the predicted 6 months before collapse of the country, I think this is something new.

Not entirely new, Mugabe has already done this with the mining sector and the banking sector. He called them “uncompensated buyouts” or something like that. Now, he’s just expanding it to cover all businesses.

[razorback-bert]

Last legal looting before the fall.

[Altura Ct.]

Hell, it has worked so well in food production and the countries farms. Why not!

[Little Ray]

The crooks are lookin’ for more loot.