Commercial Farmers' Union of Zimbabwe

Commercial Farmers' Union of Zimbabwe

***The views expressed in the articles published on this website DO NOT necessarily express the views of the Commercial Farmers' Union.***

Politburo to endorse company seizures

Politburo to endorse company seizures

By Guthrie Munyuki, Deputy News Editor
Tuesday, 08 March 2011 18:52

HARARE – The Zanu PF supreme decision making body, the Politburo, will 
convene a special meeting on Wednesday to officially endorse the 
anti-sanctions campaign which seeks to seize companies owned by Europeans 
and Americans.

President Robert Mugabe is expected to chair the extra-ordinary session 
which comes at a time the country is hosting a two-day investment conference 
involving prospective European investors.

“We will hold an extra-ordinary session of the Politburo at the party 
headquarters to see how best we can respond to his Excellency’ speech at 
last week’s rally,” a senior Zanu PF official told the Daily News.

“The session will give members of the Politburo an opportunity to assess and 
respond to the measures that the party wants implemented in retaliation to 
the sanctions imposed by the European Union and the United States.”

The extra-ordinary session comes hard on the heels of a massive rally in 
Harare last week at which Mugabe launched the campaign against sanctions by 
the US and the EU.

The anti- sanctions drive has targeted two million signatures in all the 10 
provinces to give the liberation movement the momentum to annex the 
foreign-owned firms.

Mugabe was left seething with anger by the EU’s decision to extend an asset 
freeze, economic embargo and travel bans against his allies in February.

The EU extended by another 12 months personal sanctions against the Zanu PF 
leader and his colleagues.

It lifted restrictions against 35 people, mainly spouses of the party’s 
bigwigs in a move which left Mugabe in a rage.

Both the EU and the US said they imposed sanctions to force Zanu PF to 
respect the rule of law, human rights and end political violence against 

“After the escalation of political violence related to the elections in 
2002, the EU decided to introduce measures against Zimbabwe’s ruling Zanu PF 
party as a means to put pressure on those considered responsible. These 
measures have been renewed each year since 2002,” the EU said.

“The establishment of a Government of National Unity in 2009 triggered a 
re-engagement process between the Government of Zimbabwe and the EU,” the EU 
said on Sunday.


Govt amends Indigenisation Act

Govt amends Indigenisation Act | The Chronicle   Minister Patrick Chinamasa Oliver Kazunga, Senior Business ReporterGOVERNMENT has amended the Indigenisation and Economic Empowerment Act in line

Read More »

Govt, BAT in agric empowerment drive

Govt, BAT in agric empowerment drive February 9, 2017 Features, Opinion & Analysis Sydney Kawadza Senior Features WriterIn 1995, Laxer Matemayi completed her Ordinary Level education

Read More »

Joint Venture Act gazetted

Joint Venture Act gazetted June 1, 2016 Business Martin Kadzere : Senior Business Reporter THE Joint Venture Act, expected to promote major investment across economic sectors, came

Read More »

New Posts: