ZANU PF corruption driving away investors

Luke Zunga

By Alex Bell
14 December 2012

ZANU PF corruption is helping to drive investors away from Zimbabwe, an analyst said on Friday.

An investigation is underway into a US$10 million bribe demanded by some ZANU PF government ministers, in discussions with an ANC-linked company.

It is understood that the company was planning a billion dollar investment in Zimbabwe’s diamond industry, a plan that was scuttled because of the attempted extortion by the ZANU PF ministers.

These details were passed on to ZANU PF leader Robert Mugabe by former South African president Thabo Mbeki, who sent an envoy to Zimbabwe recently with a list of names of who was involved in the extortion. This alleged proof also includes details of who, when, and where the ministers met, and how they demanded bribes. It is not yet clear when this attempted extortion happened.

Mugabe meanwhile was said to have been left fuming by the information supplied by Mbeki, which included insinuations that his party members would hand some of the extorted cash straight to him. Speaking at the ZANU PF people’s conference over the weekend, Mugabe told delegates:

“I was getting complaints from outside. Former South African president Thabo Mbeki was saying some of their people in the ANC wanted to come intending to do business and this is what they have been told: ‘If you want to do this business, you bring US$5 million and from that US$5 million we take US$1 million that we will take to the minister to give to the president’,” Mugabe said.

He added: “If I get information stating that so and so minister is doing this, he goes. Unfortunately, sometimes complainants do not want to identify the ministers, fearing persecution but that is happening in the ministries.”

Observers have noted that the former South African president’s indignation with the alleged bribery is ironic, considering that South Africa is considered one of the most corrupt countries in the world, with an extremely high number of government officials implicated in corrupt activities.

South African based economic analyst Luke Zunga however said that the real problem is the ongoing damage such corruption is doing to Zimbabwe’s investment climate.

“When corruption is high, then investment is low. So Zimbabwe, with this kind of corruption, is dissuading investment. ZANU PF’s indigenisation policies are also part of this problem,” Zunga said.

Zimbabwe was recently listed in a global corruption perception report as being the most corrupt in Southern Africa, and was also listed in the bottom 20 countries who have earned the title of most corrupt in the world.

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3 Responsesto “ZANU PF corruption driving away investors”

  1. Chimbwido Warvet says:

    “When corruption is high, then investment is low. So Zimbabwe, with this kind of corruption, is dissuading investment. ZANU PF’s indigenisation policies are also part of this problem,” Zunga said. You see, way back in the twentieth century or 1905 to be more precise, Dr Benjamin Hays, of the so-called ‘eugenics movement’ in the United States once said, ‘the black man has never been a competitor, but has always been subservient to the white race. And just so long as he remains subservient, his position is secure, and just so soon as he becomes a competitor, his fate is sealed.’ The views of Dr Benjamin Hays in 1905, can not be far off the mark in this 21st century when one considers the fight for control of our natural resources in Zimbabwe between the indigenous people and foreign capital. Is it not strange that Zunga is talking of corruption at the same time that the indigenous people of this country are demanding their rightful share of the material wealth in their country of birth? It is know the indigenous people of this country are for the most part powerless with regard to decisions made about how their natural resources are exploited and just when they are waking up from the slumber, all hell is breaking loose for Zimbabweans who are now seeing the light. Unless the indigenous people of this country do not realize they are being used to propagate falsehoods at the expense of their own people, the indigenous people of this country will remain the hewers of wood and drawers of water for foreign capitalists who now want to control our mineral resources using our own foolish and idiotic people.

  2. Chimbwido Warvet says:

    “When corruption is high, then investment is low. So Zimbabwe, with this kind of corruption, is dissuading investment. ZANU PF’s indigenisation policies are also part of this problem,” Zunga said. You see, way back in the twentieth century or 1905 to be more precise, Dr Benjamin Hays, of the so-called ‘eugenics movement’ in the United States once said, ‘the black man has never been a competitor, but has always been subservient to the white race. And just so long as he remains subservient, his position is secure, and just so soon as he becomes a competitor, his fate is sealed.’ The views of Dr Benjamin Hays in 1905, can not be far off the mark in this 21st century when one considers the fight for control of our natural resources in Zimbabwe between the indigenous people and foreign capital. Is it not strange that Zunga is talking of corruption at the same time that the indigenous people of this country are demanding their rightful share of the material wealth in their country of birth? It is know the indigenous people of this country are for the most part powerless with regard to decisions made about how their natural resources are exploited and just when they are waking up from the slumber, all hell is breaking loose for Zimbabweans who are now seeing the light. Unless the indigenous people of this country realize they are being used to propagate falsehoods at the expense of their own people, the indigenous people of this country will remain the hewers of wood and drawers of water for foreign capitalists who now want to control our mineral resources using our own foolish and idiotic people.

  3. Morgan Tsvangirai says:

    And if you ask these fools and idiots where they got the information they are propagating, they have no clue. All they know is their message of dividing the people of Zimbabwe for foreign capital to thrive at the expense of the indigenous people of this country. What a bunch of idiots we have in this country who can not see they are being used against their own people.