{"id":361669,"date":"2010-02-24T23:38:00","date_gmt":"2010-02-25T04:38:00","guid":{"rendered":"tag:blogger.com,1999:blog-16711557.post-5625494084492973458"},"modified":"2010-02-24T23:38:01","modified_gmt":"2010-02-25T04:38:01","slug":"zanu-pf-politburo-approves-empowerment","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/361669","title":{"rendered":"ZANU-PF Politburo Approves Empowerment"},"content":{"rendered":"
\"\"<\/a>
Zimbabwe President Robert Mugabe and first lady Grace Amai, greeting the delegates at the ZANU-PF national conference on December 19, 2008.<\/a>
Originally uploaded by Pan-African News Wire File Photos<\/a><\/span><\/div>\n

Politburo okays empowerment<\/p>\n

Herald Reporter<\/p>\n

ZANU-PF\u2019S Politburo yesterday endor-sed the Indigenisation and Economic Empowerment Regulations whose main objective is to achieve 51 percent Zimbabwean shareholding in existing businesses.<\/p>\n

The endorsement followed a detailed explanation by Zanu-PF secretary for indigenisation and economic empowerment Cde Saviour Kasukuwere on the regulations.<\/p>\n

“(The) Politburo has endorsed the Empowerment Regulations,” Zanu-PF secretary for information Cde Rugare Gumbo said after the 230th Ordinary Session of the Politburo.<\/p>\n

“The Secretary for Indigenisation and Economic Empowerment has just explained the whole process.<\/p>\n

“It would appear everyone is very happy. There was clarity on the regulations,” he said.<\/p>\n

Cde Gumbo said the regulations were not a new phenomenon in Sadc as other countries in the region had embarked on similar empowerment drives.<\/p>\n

“There is nothing new with the regulations as far as we are concerned. MDC-T is complaining, but it is nothing new in the region,” he said.<\/p>\n

Prime Minister Morgan Tsvangirai has opposed the regulations.<\/p>\n

The main objective of the regulations is to have 51 percent indigenous shareholding in existing businesses with the owners given a five-year period to comply.<\/p>\n

The regulations require that all existing businesses with a threshold of US$500 000 should within 45 days \u2014from March 1, 2010 \u2014 declare their shareholding status to the Indigenisation and Economic Empowerment Minister through a prescribed form.<\/p>\n

New businesses will be required to comply within 60 days.<\/p>\n

Businesses that do not meet the 51 percent indigenisation requirement will be expected to submit a plan on how they intend to meet the requirements within 45 days from March 1.<\/p>\n

Those with acceptable reasons will be afforded an extension not exceeding 30 days to furnish the authorities with their indigenisation implementation plans.<\/p>\n

Cde Gumbo said President Mugabe yesterday explained to new Politburo members how the organ operates and what was expected of them.<\/p>\n

“The President explained to new members of the Politburo that they are joining a special club and should make contributions if they are to have impact.<\/p>\n

“He also encouraged the old guard to work harder,” he said.<\/p>\n

New Politburo members include Cdes Kudakwashe Bhasikiti, Patrick Zhuwao, Samuel Mugande and Edison Chakanyuka.<\/p>\n

Cde Gumbo said the Politburo discussed the Global Political Agreement and the constitution-making process, which they said they wanted to see succeed.<\/p>\n

The Politburo also discussed the 21st February Movement celebrations this weekend, that coincide with celebrations to mark President Mugabe\u2019s 86th birthday.<\/p>\n

“All of us are going to Bulawayo for the actual celebrations,” Cde Gumbo said.<\/p>\n

There was a carnival atmosphere at Zanu-PF\u2019s headquarters as both the party\u2019s staff and Politburo members congratulated President Mugabe on turning 86 last Sunday.<\/p>\n

Politburo members Cdes Emmerson Mnangagwa and Nathan Shamuyarira described the President as a principled, straightforward and honest leader.<\/p>\n

President Mugabe thanked the party saying: “Tinotenda kubatana kwatinoramba tinako nokutsigira zvikuru musangano. Nyika kuuya kwayakaita uku kuzvipira kwakaitwa.”
<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Zimbabwe President Robert Mugabe and first lady Grace Amai, greeting the delegates at the ZANU-PF national conference on December 19, 2008.Originally uploaded by Pan-African News Wire File Photos Politburo okays empowerment Herald Reporter ZANU-PF\u2019S Politburo yesterday endor-sed the Indigenisation and Economic Empowerment Regulations whose main objective is to achieve 51 percent Zimbabwean shareholding in existing […]<\/p>\n","protected":false},"author":4243,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-361669","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/361669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4243"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=361669"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/361669\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=361669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=361669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=361669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}