At this stage it is important for all patriotic Zimbabweans to take action and document the abuse of the law thats taking place especially in the Business sector.The Meikles Group seizure is the latest in a long running series which need to be stopped at all costs.
The Meikles seizure is not in isolation .This has become a norm and standard when the Government of Zimbabwe which has been hijacked by organized criminals decides to strip an investor of his assets and wealth.They create smokescreen and illusions that a crime has been committed and use it as justification to grab somebody's hard earned assets and wealth.This has to be stopped if Zimbabwe is to prosper and stabilize.
The current attempt to loot and seize Meikles Africa Group is just an extension of the so-called Anti-graft war schemed and structured by Gideon Gono in 2003-4 when he was appointed RBZ Governor.These policies have been a disaster for the Economy.The policies are based on patronage and victimization of those who try to remain independent of the patronage network.This breeds corruption and economic decline.
This has to be stopped because if the Government can easily takeover the biggest Company on the Zimbabwe Stock Exchange it means they can take any company at will.It is important for all patriotic Zimbabweans to condemn,criticize,highlight and document such abuse of the law.If Zimbabweans do not stand up this will continue and the country will remain a basket case instead of a bread basket.These illegal actions affect every Zimbabwean as the image of the country is damaged and the country gets a reputation of being a lawless jungle.
The actions of Zimbabwe Government affect more people beyond the actual owner of the business.This is why ordinary citizens must stand up and be vigilant on all such schemes which are done in the name of fighting corruption.Many people lost jobs, businesses and careers whilst Governor Gono was hiding behind anti-graft campaign . Businesses destroyed or taken over Royal Bank, Intermarket, Barbican, Intermarket, Rapid, Sagit, Africa Resources, Century Bank, Trust Bank. And this all happened within a space of less than 6 months. Jobs were lost. Business people were scandalized, arrested or haunted out of the country.This resulted in economic decline and capital flight.
John Moxon and Andrew Lane Mitchell are just joining a long list of victims of the mafia inspired policies which have been designed to strip entrepreneurs of their assets.The Zimbabwe Government appears to be now functioning in a typical mafia style whereby every business is not safe unless and until you ask for protection from the organized criminals who masquarade as legitimate authority and Government.
The list is rather long but it includes such luminaries as Dr Makoni, James Mushore, Emmanuel Fundira, Otto Chekeche, Godfrey Jowa, Norman Sachikonye, Victor Chando, Durajadi Simba, Jeffrey Muzwimbi, William Nyemba,Nicholas Vingirai, Francis Zimuto , James Makamba, David Butau, Chris Kuruneri,Nyevero Hlupo, Chris Goromonzi,Nyasha Watyoka,Gilbert Muponda. All these investors and entrepreneurs above a true patriots who chose to set up businesses in their own country instead of neighboring countries where they had similar opportunities and incentives. Is this normal to see a whole generation of entrepreneurs scandalized and lose all credibility and all at the same time all based on accusations raised and directed by policies structured and designed by Gono and others related to him?
The seizure of Businesses significantly raises the political risk associated with investing in Zimbabwe.This always results in assets in the country being depressed and capital flight follows.This forces investors to avoid re-investing in the country as they are worried about the possibility of being targetted by ill-thought out and poorly designed policies.These abuses of the law must be clearly be documented and those responsible must be held accountable for ruining the country's reputation and running down the Economy.
This article appears courtsey of GMRI CAPITAL – www.gmricapital.com
Gilbert Muponda is a Founder of GMRI CAPITAL . He can be reached at; www.ZimFace.com
Email: gilbert@gilbertmuponda.com . Skype ID: gilbert.Muponda
Twitter ; http://twitter.com/gmricapital
Phone: 1-416-841-5542
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