Patrick Zhuwao, Minister of Youth, Indigenisation and Economic Empowerment
Rating: B
Zhuwao must be among those that got the loudest cheers from his fellow ministers. His gallant contribution to our crisis was emphatic.
He gave businesses a March 31 ultimatum; give up majority shareholding or shut down and leave. When the deadline arrived, he backed off. But the damage had been done.
He then accused RBZ governor John Mangudya and Finance Minister Patrick Chinamasa of protecting foreign investors. A serious accusation, given that attracting and protecting investment is a major crime in the Zimbabwe government.
Locally, you will not find many that take Zhuwao seriously. But some investors did, and headed for the exits, helping accelerate the liquidity crisis.
Continued next page with Patrick Chinamasa
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This post was last modified on December 21, 2016 3:12 pm
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