WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2007-10-03 Time: 00:00:00 Posted By: Jan
Zimbabwe’s President Robert Mugabe repeated a threat to nationalise companies charging high prices for goods and services in the wake of a controversial crackdown on the business sector, reports said on Tuesday.
In a speech on Monday to thousands of ruling Zanu-PF supporters at Harare International Airport, who had arrived to meet him on his return from the UN General Assembly in New York, Mugabe warned businesses to stick to prices set by his government, said the daily Herald.
International mining firms in the country should comply with a recently-passed indigenisation law compelling them to hand over majority shares to black Zimbabweans, he said.
“We will have to seize the companies, and the services, whether transport or any other service being rendered by a company or organisation,” Mugabe said.
Three months ago, Mugabe’s government ordered businesses to slash prices by at least 50 percent to fight inflation and make goods and services affordable amid the world’s highest rate of inflation.
But the scheme backfired, causing shortages of basic goods like milk, meat and bread.
The Herald, a government mouthpiece, said stores were once more stocking goods with high prices mainly imported items that are not covered by price controls.
On Monday, Mugabe said mining companies would have to comply with the new indigenisation laws.
“The minerals are ours. We are offering partners, good partners, friendly partners, a share, 49 percent or thereabout. If they won’t take it, hard luck, we will give it to our people,” he added.
The comments came at around the same time as his central bank chief cautioned Zimbabwean’s against rapid takeovers of firms.
In a monetary policy statement, Reserve Bank of Zimbabwe Governor Gideon Gono on Monday warned that well-connected Zimbabweans were positioning themselves to muscle into profitable banks, factories and mines.
Ruling party legislators pushed the Indigenisation and Empowerment Bill through the lower house of parliament last week. It is almost certain to be approved by the Zanu-PF dominated Senate before awaiting Mugabe’s signature to become law.
The new legislation would allow locals to take over 51 percent shares in foreign-owned companies. It has been viewed with alarm by banks and mining companies still operating in crisis-ridden Zimbabwe. – Sapa-dpa
Source: http://www.iol.co.za/index.php?art_id=nw20071002085024537C227648