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: 2010-09-20 Time: 21:00:03 Posted By: News Poster
By Golden Sibanda
Harare – Government is committed to observing the “sacrosanct principles” of respect for property rights, while reassuring foreign investors that their individual concerns will get special attention.
Youth Development, Indigenisation and Em-powerment Minister Saviour Kasukuwere made these remarks while addressing delegates to the second Zimbabwe Mining Indaba in Harare yesterday.
Minister Kasukuwere said Zimbabwe’s indigenisation and empowerment policies were not driven by xenophobia or paranoia but by the need to address historical, social and economic inequalities.
The Government, he said, was committed to “observing the sacrosanct nature of private property and property rights” in line with international standards.
Minister Kasukuwere said the Government would assess the situations of foreign investors on a case-by-case basis.
He, however, pointed out that investors must never dream the process might be reversed.
“Government is cognisant of the uniqueness of the various sectors of the economy and is therefore not prescribing a one-size-fits-all indigenisation and economic empowerment policy.
“Investors should, therefore, not shy away from investing in Zimbabwe due to wrong perceptions,” Minister Kasukuwere said.
Under the empowerment regulations, all firms with a value of at least US$500 000 should be 51 percent-owned by indigenous people.
This can be done through community investment and development programmes or listing on the Zimbabwe Stock Exchange.
“The indigenisation and economic empowerment policy is not intended for a xenophobic disposition, but to ensure meaningful participation by the local people in economic activities such as mining.
“Although commercial mining operations commenced in Zimbabwe over a century ago, the country and its citizens have not realised meaningful benefits from these activities.
“Instead, other countries actually managed to build their economies from extracting our resources,” he said.
Minister Kasukuwere said mines had export receipts of over US$1 billion but only US$44 million accrued to the State in taxes and royalties.
Few indigenous people had entered mining, Minister Kasukuwere said, with the majority “scavenging for surface gold, alluvial chrome and tantalite ores due to limited resources”.
“The national indigenisation and economic empowerment policy will therefore go a long way in empowering our indigenous people to tap into the country’s rich mineral resources.
“Indigenisation and economic empowerment will ensure that everyone in the mining chain, from Government, communities in which the minerals occur, employees and investors themselves benefit from the exploitation of minerals.”
Minister Kasukuwere said Government wanted large mining companies to support small-scale miners with skills and technology transfer.
“We are satisfied with the current structure of the joint ventures in Chiadzwa which have seen the investors and the communities benefiting. “The investors who have partnered Government in these diamond mining projects will be able to tell you how profitable the model is,” he said.
Government has established 13 sector-specific committees to address peculiar situations of different sectors. They are expected to submit recommendations to the National Indigenisation and Economic Empowerment Board. The committees comprise public and private firm experts from different economic sectors. Zimbabwe has 40 known exploitable minerals.
Original Source: 
Published by the government of Zimbabwe
Original date published: 16 September 2010
Source: http://allafrica.com/stories/201009160775.html?viewall=1