Investment beats indigenisation - Zim survey

Investment beats indigenisation - Zim survey

2015-03-20 08:41

Harare - Most Zimbabweans think foreign direct investment has a better chance of creating jobs and repairing the struggling economy than President Robert Mugabe's indigenisation programme, according to a survey released on Thursday.

Seventy-two percent of Zimbabweans believe foreign direct investment is a "better option", according to the survey by the Mass Public Opinion Institute in Harare.

Twenty-three percent of respondents said indigenisation was the best way of creating jobs.

The researchers polled 2 400 Zimbabweans in November 2014.

According to the Indigenisation and Economic Empowerment Act, all foreign or white-owned companies with a net asset value of more than US$500 000 must ensure 51% of their shareholding belongs to local black business people.

The opposition Movement for Democratic Change (MDC) opposes the programme, saying it scares away foreign investment.

The survey showed that support for foreign direct investment was only partly linked to political persuasions.

"An overwhelming majority (93%) of respondents who said they would vote for the MDC-T (Morgan Tsvangirai-led faction of the opposition) supported the strategy of foreign investment, compared to over half (53%) of Zanu-PF supporters," the survey said.

  • Andrew Terr - 2015-03-20 09:05

    Then why do you allow the petrified being to keep talking and doing cr#p to your country?You voted for the scum now live with it.Get rid of the Vervets running your country.

  • Nico Louw - 2015-03-20 09:06

    Now this is interesting , uncle Bob said himself " good times are coming , good times are here " The truth and nothing but the! Enjoy your prosperity you really deserve it , I mean it took everything to kick the white people out, African country leading by example .

  • Michel Konings - 2015-03-20 09:52

    When other countries implement this strange policy of indigination I promise you the next months afterb the whole world is in a deep depression like the 1930's. Unfortunately the world is one global market.

  • Annette - 2015-03-20 09:53

    you got what you deserved!

  • Trust Boongzy Diza - 2015-03-20 10:54

    Y Zim this zim that, people r getting rich while you talk n talk, shut up n work, only time will tell. Mugabe is hated all over the world, wat about Putin of russia he doing even worse... look at bigger picture here.Zim is wealth that country is blessed with many things.

      Gary Guy - 2015-03-20 11:21

      I love how people make these comparison to justify wrong. Mugabe - Putin? Thieving ANC - Apartheid Gov? Well you know, I have only killed 3 little girls ... Gert van Rooyen was even worse, so don't criticize me!

  • Silungisani Ndlovu - 2015-03-20 12:57


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