{"id":8494,"date":"2012-03-02T02:48:11","date_gmt":"2012-03-02T00:48:11","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/zimbabwe-poll-politics-hurting-investment-tsvangirai\/"},"modified":"2012-03-02T02:48:11","modified_gmt":"2012-03-02T00:48:11","slug":"zimbabwe-poll-politics-hurting-investment-tsvangirai","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/zimbabwe-poll-politics-hurting-investment-tsvangirai\/","title":{"rendered":"Zimbabwe poll politics hurting investment-Tsvangirai"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Empowerment seen as political rhetoric by Tsvangirai<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Worries of fresh economic damage rise<\/p>\n<p><span><\/span><\/p>\n<p>By Jon Herskovitz<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, March 1 (Reuters) &#8211; Zimbabwe&#8217;s demand<br \/>\nthat foreign companies turn over majority stakes to locals is<br \/>\nbeing driven by upcoming elections and scaring investors away,<br \/>\nPrime Minister Morgan Tsvangirai said on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>Mining firms, banks and retailers have grown increasingly<br \/>\nworried about the law, pushed by Tsvangirai&#8217;s rival and<br \/>\ncoalition partner, President Robert Mugabe.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It is political rhetoric,&#8221; Tsvangirai told an investment<br \/>\nforum in Johannesburg. &#8220;The indigenisation law as it currently<br \/>\nis &#8211; there is no talk of nationalisation. There is no talk of<br \/>\ngrabbing property.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Tsvangirai said politicians can make promises of bringing<br \/>\nriches to the masses, but the law states market prices must be<br \/>\npaid for the stakes in foreign firms and there is not enough<br \/>\nmoney in private hands to make that happen.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Our people don&#8217;t have the necessary resources to buy the<br \/>\nequity that is currently existing in the economy,&#8221; he said.<\/p>\n<p><span><\/span><\/p>\n<p>Zimbabwe&#8217;s economy was a basket case, with inflation running<br \/>\nat astronomical levels, before a coalition was formed between<br \/>\nMugabe and his long-time foe Tsvangirai after a disputed<br \/>\nelection in 2008.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Empowerment seen as political rhetoric by Tsvangirai * Worries of fresh economic damage rise By Jon Herskovitz JOHANNESBURG, March 1 (Reuters) &#8211; Zimbabwe&#8217;s demand that foreign companies turn over majority stakes to locals is being driven by upcoming elections and scaring investors away, Prime Minister Morgan Tsvangirai said on Thursday. Mining firms, banks and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8494","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8494"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8494\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}