Indigenisation compliance attainable

03 Apr, 2016 - 00:04 0 Views
Indigenisation compliance attainable Sunday Mail

The Sunday Mail

Sometimes, leniency is the route to failed purposes.

Most visions die in the arms of sympathy. To achieve a particular purpose, rogue decisions ought to be taken.
A shona proverb says tsitsi dzinotsitsirira. This reflects on how principles can be sacrificed at the alter of mercy.
But not all mercy is humane, at some point it can be cruelty to the next generations.
That shall not be in the case of indigenisation.
The Cabinet and the Ministry of Youth, Indigenisation and Economic Empowerment have made it clear that all foreign owned companies should comply with the policy of indigenisation.
This is the law and it must be respected.
Instead of taking the lion’s share of our resources to other countries, this policy ensures that resources are shared equally between parties. Zimbabwe will not entertain greedy and selfish investors who seek to siphon resources at the expense of the majority. It is time up for profiteering companies that do not have the interests of Zimbabweans at heart.
The law is simply encouraging foreign owned companies to exist through compliance.
The prime focus of the war of liberation was the emancipation of blacks. The main thrust was on total freedom, control and ownership of the economy.
The birth of Zimbabwe from Rhodesia in 1980 meant the beginning of indigenisation on both land and industry.
In 2008, the indigenisation policy was enacted as an Act of Parliament in which all foreign owned companies were to cede a 51 percent share of capital to the locals.
Now, eight years after the Act was passed, some companies have not yet responded to the call. Such gross disrespect to the law must be frowned at.
Compliance to the law is obligatory.
His Excellency, the President Cde R.G Mugabe has made it clear that every citizen of Zimbabwe should benefit from the economy.
Consider this, if foreign companies resist compliance, a 51 percent share of the economy will be enriching elsewhere at the expense of the people in Dotito, Chiendambuya, Nemangwe, etcetera.
His Excellency has stood firm to see the economy transform through active participation of local players.
Foreign owned companies have been given ample time to act yet they have used the time to prove their lawlessness.
When kindness over-stretches, it is manipulated by those who need it.
When the law is put into action, they cry foul. It’s somehow unfair to make noise against conformity. Such acts of resistance are daring the Government to act towards its vision.
The question is, why not comply if they truly adhere with the rules? The power of the law is reflected in the value it is given, when it is not respected, the law fights on its own.
Failure to stick to the demands of the law is tantamount to disregarding the power of the President.
The law is building muscles against such resentment.
Companies that are belittling the power of the President through non-compliance should face the consequences (closure).
Resistance to the policy is also equivalent to disrespecting the fallen heroes.
Well, such magnitude of contempt attracts the rod.
Every land has its own rules.
These must be followed and respected. If these foreign companies have pure intentions, they should simply comply with the laws of the land.

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