All data is delayed
See More

Zim MDC launches economic blueprint

Nov 30 2012 10:41
Malcom Sharara, Fin24's correspondent in Zimbabwe

Harare - One of Zimbabwe’s political parties, The MDC-T, led by Morgan Tsvangirai on Thursday unveiled its economic blueprint with measures to create jobs and lure billions in investment.

Speaking at the launch of the economic blueprint dubbed Jobs, Upliftment, Investment Capital and the Environment (Juice), Tsvangirai said Zimbabwe desperately needs new domestic and foreign investment in order to increase capital formation.

Through Juice, the MDC promises to create one million new jobs between 2013-2018. It also projects average growth rate of 8% per annum between 2013-2018 and promises a $100bn first world economy by 2040 among other things.

According to the economic blueprint seen by Fin24, the MDC says it has to generate decent jobs for the young men and women that are leaving colleges and universities.

“The MDC believes that in order to spur sustainable economic growth, it is imperative to grow the national cake,” the party said adding that concentrating on sharing the existing small and diminishing cake is a recipe for disaster.

The MDC lambasted the current version of indigenisation which it said is tantamount to nationalisation and expropriation and it is clearly a political gimmick by Zanu PF.

“Juice advocates for a Broad Based Economic (BBE) upliftment of citizens by expanding people’s choices in attaining sustainable livelihoods, not through asset stripping and looting,” said Tsvangirai in his foreword to the economic blueprint.

 - Fin24


Follow Fin24 on Twitter and Facebook

morgan tsvangirai  |  zimbabwe  |  indigenisation


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote