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We won't nationalise - Zim opposition

Harare- Zimbabwe’s MDC-T party last weekend launched its policy manifesto, which it says is a plan to change Zimbabwe for the better if elected into power.

In a policy proposal seen by Fin24 the MDC-T, led by Prime Minister Morgan Tsvangirai, pledges to commit itself to a democratic developmental state that respects market forces but also ensures that all citizens evenly share economic growth.

“Under the MDC the state will be a facilitator and not a player in the economy,” the party promises.

The MDC also promises to uphold property rights and says it will not nationalise or expropriate private assets.

“We will enact an Investment Code that will, among other things, specify certain requirements on the part of investors.

To foreign investors, the code will promote transfer of skills to locals; procure locally; transfer technology; commit investors to good corporate citizenship; and respect for our ecological inheritance,” said the party.

The MDC added that it will pursue a social market economy where it will prioritise the use of resources in order to grow the economy and increase the national gross domestic product.

Under the MDC, the main sources of national economic growth between now and 2018 will be agriculture, mining, manufacturing, tourism, information and communication technology, while other consumer services and construction will make an increasing contribution.

The party also touched on the financial sector, which has been weak in recent years, saying it will maintain the present multi-currency system as a basic means of exchange.

The party also promises to open up the country for business by transforming immigration, company registration procedures, simplifying taxation, visas, residence and work permits, approval of plans, issuance of licenses and permits, allow the free movement of capital, and repatriation of dividends.

"All laws that discourage or slow the flow of both domestic and foreign capital will be reviewed and aligned to international best practices," says the MDC.

The launch of the policy proposals comes ahead of watershed elections likely to be held this year. Election dates have however not yet been announced.

 - Fin24
 
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