Thursday, November 24, 2011

Unki Mine - Anglo America Cedes 10% equity and USD10 million to the Community Trust.

History was made in Shurugwi yesterday.HE President Mugabe officially inaugurated the Tongogara Commnity Share Ownership Trust.The day happens to be the same ,34 years ago when Ian Smith bombed Chimoio.We are reminded about the struggle for independence .We make no apology when it comes to the empowerment of our people.Shurugwi will never be the same again.

July Ndlovhu Unki Chairman handing over US 10 million cheque to President Mugabe & Hon. Saviour Kasukuwere

Signing ceremony- Anglo American signing the community share ownership trust documents with local chiefs.

July Ndlovhu Unki Chairman handing over US 10 million cheque to President Mugabe

Shurugwi Local community celebrating the US $10 million community trust handover from Unki Mine

Wednesday, November 23, 2011

Hon. Minister Kasukuwere to launch Unki Tongogara Community Share Trust scheme

We will be proceeding to Shurugwi ,Midlands in the morning to launch Unki Tongogara Community Share Trust scheme.HE President Mugabe will officiate as we achieve another milestone in the empowerment drive.We are happy that we have received maximum cooperation from the Anglo team and the entire leadership of the Midlands and Shurugwi chiefs in particular.

Youth Empowerment continues as key priority in our efforts as the ministry.I am pleased after discussing with the Finance Minister that the message coming from the youth has been heard.I am confident that we will make you VERY VERY happy.We intend to grow the Youth Fund beyond the current amounts.I will not want to let the cat out of the bag,but be assured its YOUTH TIME.However,we require hardwork,honesty and dignity.Its not just the availability of resources that will drive your success,but your own entrepreneurial spirit,industry and dedication.

We intend to intensify capacity building among the youth and skills development.Those who want to participate in building a developing nation,this is the time.

Wednesday, November 16, 2011



Director of Ceremonies
The Vice President of the Republic of Zimbabwe,
Amai J. T. Mujuru
The Honourable Deputy Prime Minister of the Republic of Zimbabwe,
Professor A. O.G.Mutambara
Honourable Government Ministers
Acting Secretary for Youth Development, Indigenisation and Empowerment, Mr. G.Magosvongwe
Your Excellencies Members of the Diplomatic Corps
Honourable Members of Parliament
Senior Government Officials here present
Representatives of our Development Partners
Chairman –Zimbabwe Youth Council and Board Members
Youth Representatives
Invited Guests, Ladies and gentlemen

 VP Joyce Mujuru receives cheque from Old Mutual CEO Luke Ngwerume

It is my pleasure and honour to make a few remarks today as we commemorate Africa Youth Day under the theme, ‘Accelerating Youth Empowerment for Sustainable Development’. This is the fifth year since the AfricanUnion declared November 1 as Africa Day to recognise the importance and benefits of youth participation in national development and peace building initiatives in Africa. In many countries in Africa, youngpeople have been at the forefront of initiatives that drive for change in order to attain peace, unity and development. In Zimbabwe, it was young men and women who made the decision to give up schooling and mobilize others in order to ensure liberation of all Zimbabweans. So, today, as we commemorate Africa Youth Day, I would like us to focus on what the day means for us and how we can pursue our national goals.

FIRST, all young Zimbabweans must reaffirm their national commitment to promote and protect their social, political and economic rights as well as to address the inherent challenges facing young people today.

The 3 main goals for youth and all Zimbabweans are to promote peace, unity and development. The purpose for our liberation struggle was to achieve these three goals. Our National Emblem reminds that we must pursue these goals in all our actions and interactions as Zimbabweans.

However, today, young Zimbabweans face serious challenges in achieving these 3 goals.

Unemployment is the greatest challenge facing Zimbabwean youth. More than 50 percent of children who register for grade one do not pass or complete Grade 7. Moreover, more than 80 percent of those who make it to secondary school do not register for lower fifth. Over 300,000 young people drop out of school each year.

Out of a total population of 14.5 million Zimbabweans, there are more than 6 million young Zimbabweans who are not enjoying the fruits of if their young predecessors. Many are roamingon the streets of towns and villages throughout the country. They are not invisible, but they are visible by their idleness, by not having clear goals for their lives and most importantly by their inability to support themselves and their families. They have no reason to be happy and proud. They are unable to make
decisions to help themselves. This is a shameful situation for all Zimbabweans.

Another sign of youth poverty is that they are vulnerable to violence. We have seen in recent weeks the increasing number of incidences of violence. The reason is because many are idle and not employed. They have become vulnerable to the whims of cheap politicians who hope to gain support through violence.

Violence will deter youth from reaching their goals. Violence damages relations between youth and threatens the unity that is needed in order to live in harmony and engage in jobs or income generating activities.

It is very difficult to repair the damage caused by violence once it has happened. I am therefore appealing to all youth to make conscious decisions to shun violence. Say NO to any situation
that leads to violence. Work hard on being tolerant of each other. Openly discourage perpetrators. Refuse to be involved. Name the perpetrators. Disgrace them.

My SECOND point today is to urge young people to direct themselves to opportunities for becoming self employed or to become employed. There are great many opportunities for youth to become
entrepreneurs in all sectors.

The mandate of the Ministry of Youth Development, Indigenisation and Empowerment is to ensure that all young Zimbabweans are able to be economically empowered through entrepreneurship and business development. Youth face challenges of not having the right knowledge and skills to start businesses and also not having equipment and loans to run their businesses.

My Ministry has programmes to help youth identify viable businesses in the areas where they live. We also have training programmes to provide skills to youth so they are able to start their
businesses. Training provides the basic skills for empowerment. Youth skills’ training is either at Vocational Training Centres or in the places where youth live. The programmes try to reach every ward in Zimbabwe.

In addition, my Ministry helps young people start businesses and also join cooperatives and savings clubs to better manage the income.

Most importantly, the Ministry has established Youth Development Fund (called YDF) to help give credit and loans to young people to start and grow their businesses. Since we started the YDF 3 years ago, several young people have benefitted. Many have grown their businesses and are becoming noticeably productive and respected members of their families and communities.

The YDF works with business and banking partners who commit their own funds to support youth businesses. Government is pleased with the progress so far.

TODAY we witness the launch of another successful partnership to add loan funds for Youth Empowerment. Old Mutual Private Limited has committed 11million dollars for Youth Economic
Empowerment. This is a very significant amount that will see every province receive over 1million dollars to help youth business projects. This is indeed a major contribution.

On behalf of the Government of Zimbabwe, I wish to commend our greatest appreciation for the Old Mutual’s decision to partner with government. These funds make it possible to establish for MANY opportunities for youth business from being producers of basic products in mining and agriculture, to the millions of opportunities in manufacturing and processing of products – any products.

Given their energy, enthusiasm and innovativeness, young people have the potential to contribute immensely to the social and economic development of Zimbabwe. They must be placed at the
forefront of building the economy of the country.

The Old Mutual Youth Empowerment Fund opens the doors to make it possible to engage in discussion and debates about where the best opportunities for the greatest number of youth businesses.We are able to ask the questions. How can youth be the drivers of the national economy while at the same time supporting their livelihoods? How can youth help eradicate poverty in Africa? Where should the greatest
investments be in training, infrastructure, equipment, marketing, exports? What are the future industry scenarios that take into account youth as the major human resource?

I would like to take this opportunity to invite other businesses and financial institutions to partner with
government programmes to empower youth and build Zimbabwe.

My Ministry, along with the National indigenisation and Economic Empowerment Board, has recently approached the Ministry of Finance to activate a levy in order to generate additional funds to
the youth empowerment programme. I hope to secure cooperation and concurrence from the Ministry of Finance by the end of next week in order to provide a viable platform to financially empower youth across the whole nation and across the political divide. The Inclusive Government owes the youths of this country such a redeeming economic dispensation. There are no options about it.

IN CLOSING, I wish to thank all those who have attended this important day. This includes representatives of businesses, tertiary institutions, youth associations, students, and youth from all walks of life. I also wish to thank all Government Ministries and Departments that have joined us today.

We commend our partners in Old Mutual for their commitment and dedication during the whole preparatory process prior to this great launch of the Youth Development Fund.

Finally, I wish to wholeheartedly appreciate the efforts of the many individuals and organizations that are supporting youth development and empowerment efforts. It is through such cooperation that we can achieve the goals of peace, unity and development that have persisted for so long among Zimbabweans.


Honorable Saviour Kasukuwere (M.P)
Zimbabwe Minister of Youth, Indigenisation and Empowerment

Monday, November 14, 2011



On Wednesday we will be gathering at the HICC Rainbow Hotel to hold a belated Africa Youth Day celebrations and the launch of the Youth Fund. Let's attend the celebrations and be part of history as our determination to ensure that indigenisation and empowerment efforts succeed.The youth are our biggest asset as a nation and they are going to be central in developing our national economy.
We will continue to work tirelessly to raise funding for the empowerment of the energetic youths of Zimbabwe.As l have often said,the young Zimbabweans are what any serious nation needs to achieve economic independence.Smart,educated and brave the skills base is awesome and must be harnessed for the national good,with the right support and focus it wont be long before we talk of serious entrepreneurs emerging within these great people. I am certain that the youths have what it takes and can be relied upon to make our nation a proud country.However we must support them,ensure that banking institutions embrace youth empowerment.It is through empowerment that we can create jobs ,it is through the youths that we can have strong domestic investors who can match entrepreneurs the world over.We have done it before and we can do it again,history repeats itself.It was the young generation that fought for the liberation of our country and it will be the young again who must grow the food,till the land ,mine the gold ,break the rocks and build new roads,manufacture the latest phones and challenge the world.

Today you might be misunderstood and abused,but lets have the indomitable Zimbabwean spirit.....never die attitude.The $10million dollar fund,well managed and rolled over again and again,will definitely open a whole world of opportunities for our youths.It's a generational responsibility and l have no doubt that out there there are lions and lionesses ready to get out economy back on her feet and expand it.

The efforts being made are not without challenges and serious undermining.I must admit ,a GNU while necessary to stabilise our nation,is however not ideologically prepared to take the painful decisions that can uplift our young people.Too much backstabbing,lack of foresight and crude attempts to acquire power at the expense of the young,is very very sad.Lets do the right thing and give our youths hope and opportunity.They want to grow healthy and happy families ,they want to be given an opportunity to own property and clothe their offspring.We owe it to them not to some foreign power who are irrelevant when it comes to our people.Construction of policies that do not speak to the people and are essentially elitist and unrealistic can not be entertained anymore.
The youths must be empowered and let's stop being slaves of other people and insult ourselves because we think we are inadequate.NOW we can do it and the youths ,do me a favor just rise to the occasion,let's shame the detractors.

Enough punishment has been meted out to the young and its time you get the bearings right.Empowerment and indigenisation is yours.It's about the youths ,it's about your current and future well being.Don't make any apology about it,the country is yours and you have a duty to work,develop and be in better circumstances in your Zimbabwe.

On Wednesday all the youths irrespective of your political persuasion,come and let's build a common future based on enterprise,hard work ,honesty and dignity among the youths.Through empowerment let's create the jobs,it can't be the other way other words an empowered people can create jobs for themselves and others not the failed American Jobs Act policy.Izvo zvekukopa izvi zvinonetsa!

Let me share again,imagine the amount of roads this country must develop for us to compete with other first world countries,the buildings we must build,the food we must grow and export.The industry we should set up ,manufacturing,the banks ,tele networks etc... it all requires dreamers amongst our young people.Fear fear itself.

And lastly,VIOLENCE is unacceptable in whatever form,be it physical,emotional or otherwise.No to fighting over nothing,get busy and build your future.Your words must build and not inflame or promote hatred . Lets meet on Wednesday,BE THERE AT THE HICC Rainbow.Its your day !!!!

Sunday, November 13, 2011

Zimbabwe Indigenisation moves to the Manufacturing Sector

1 November 2011


The indigenisation and economic empowerment programme seeks to create opportunities for increased participation by indigenous Zimbabweans in the mainstream economy.

The Indigenisation and Economic Empowerment Regulations of 2010 provide the general operational guidelines forimplementing the indigenisation and economic empowerment legislation in Zimbabwe. These regulations require that I gazette sector-specific notices laying out the minimum requirements for indigenisation in the various sectors of the economy.

In terms of the above, I would like to inform the public that, on 28 October 2011, I gazetted the sector specific notice for the manufacturing sector, namely General Notice 459 of 2011. This notice lays out the minimum requirements for indigenisation of businesses in the manufacturing sector.

General Notice 459 prescribes the following:

All businesses in the manufacturing sector with a net asset value of at least $ 100 000 shall comply with the indigenisation and economic empowerment legislation.

There shall be a lesser share of 26% indigenous shareholding.

Businesses have to comply with the 51% indigenous shareholding requirement over a period of 4 years from the date of publication of the General Notice.

The following are the annual indigenisation targets:

Year 1: 26% indigenous shareholding.
Year 2: 36% indigenous shareholding.
Year 3: 46% indigenous shareholding.
Year 4: 51% indigenous shareholding.

Eligible businesses are expected to submit their Indigenisation Implementation Plans within 45 days from the date of publication of General Notice 459 of 2011 in terms of section 5 (6) of the Indigenisation and Economic Empowerment (General) Regulations 2010, as amended.

General Notices on the remaining sectors will be published in due course.

Honorable Saviour Kasukuwere (M.P)
Zimbabwe Minister of Youth, Indigenisation and Empowerment

Thursday, November 10, 2011

Minister Kasukuwere Responds to MDC President Morgan Tsvangirai Statement on Violence

A recent press statement by the MDC President Morgan Tsvangirai alleging that l participated or organized the violence that took place in Chitungwiza on Sunday,is completely false and an unfair attack on me. I have since approached him and he has assured me that he will check with his sources and take the necessary action to put the the record straight.

On my part, I travelled to Mutare with Hwata and the entire day l was attending to my business in Mutare. It is unfortunate that malice will drive people to accuse others or make baseless and unfounded allegations. I will defend myself on this allegation and l will get my name cleared. Its been a very painful moment to have such allegations labelled on me by the MDC President. I hope we will all be matured enough to handle this matter in a manner that is honest and fair. I am sure the PM will have the integrity of stating publicly his findings.

My stance is clear: Violence is unnecessary and must be condemned.Young people must not  allow themselves to be instruments of destruction and aggression. Differences must not be resolved in violent confrontation and the events of last weekend are unnecessary.

I wish a speedy recovery to all the young people who were affected and call upon the law enforcement authorities to bring the culprits to book.

Hon Saviour Kasukuwere 
Minister of Youth, Indigenisation and Empowerment

Monday, November 7, 2011

The Young People's Festival: Africa Unity Square- 5 October 2011


The Minister of Youth Development, Indigenisation and Empowerment, Honourable Saviour Kasukuwere was asked to give an address at the "Young people's Youth Festival" at the memorial Africa Unity Square in Harare. Below is the address the Minister gave to the youths present, it remains relevant to all Zimbabwean youths across the globe....


The Hon Deputy Prime Minister, Thokozani Khupe

The Hon. Junior President , Anesu Rangwani

Resident Representative of UNFPA, Dr Tambashe

Representatives of the Ministry of Health and Child Welfare

Representatives of other Government ministries

Representatives of the various NGOs

Invited guests

Young women and men

I am pleased to be invited to be part of the Young People’s Festival Campaign that is being held today. The idea of holding festivals resonates very positively in bringing together young people and the various supporting actors to confirm our collective commitment to building better lives for youth.

Today’s theme ‘Ensuring that every child is wanted and every birth is safe’ is particularly significant as we acknowledge the world population of 7 billion recently attained.

The theme also raises a few important points that I wish to share with you today:

My First point relates to the excessively high numbers of children born to young people. Most births are unplanned. Many young parents are unprepared and unable to provide suitable care and support for them.

Although we receive reports of some success, this situation persists despite the efforts of very many programmes and organizations throughout Zimbabwe.

The greater efforts have been on imploring the personal responsibility that young people have on their own lives and the lives of their children.

The key point is about being responsible. Being able to be responsible is a central aspect of youth empowerment. Being personally responsible means being able to make the right choices and the right decisions about ones life and those that you care for. It also means being able to do take the right
actions to support your life and the lives of others.

Therefore, for youth, the ability to have children goes hand in hand with the ability to be responsible.

My ministry’s commitment to EMPOWERMENT means First, providing young people with opportunities to be able to acquire knowledge and skills to be responsible and to make the right choices ; and Secondly, to take action by supporting themselves economically.

My Ministry works with several organizations to implement programmes for supporting healthy lives among young people. The major aim has been to foster good sexual and reproductive health behaviours among young. The success of these programmes rests on the extent to with youth believe and make safe and healthy choices.

This brings me to my Second point today which relates to the extremely high numbers of youth who are unemployed. Many have not acquired qualifications or skills and are therefore unable to become employed or to become self employed.

The Government of Zimbabwe is committed to ensuring that every young person is able to support themselves and their families. We are emphasizing entrepreneurship as the major route to youth employment.

My Ministry’s programmes focus on providing skills for entrepreneurship as well as to support business development among youth. The entrepreneurship programmes are offered to all types of youth – those with tertiary qualifications as well as those without.

We work with several partner organizations to provide business training. One key agency is the Zimbabwe Youth Council who hold training workshops in partnership with various organizations. Many tertiary institutions also have included business training alongside their academic programmes.

For those not in tertiary institutions we have short courses to develop skills
competences and qualifications for particular products combined with business skills.

My Ministry also partners with local banks to provide loans and credit to help
young people start and grow businesses. We have a Youth Development Fund that has already helped several hundreds of youth become employers or be employed.

We encourage youth to pursue entrepreneurship as the main opportunity for earning incomes to support themselves.

Finally, I wish to acknowledge the work of several organizations and individuals working tirelessly to help Zimbabwe achieve better success with healthy lives. It is the hard effort, commitment and creativity of all of you that brings collective success.

We wish to acknowledge the financial and other support that is essential for programmes to work. At the same time we acknowledge that much of the work is thankless and voluntary. To those people we say thank you and wish to encourage you for further work. We continue to seek and invite more partners in these very noble endeavours.

To the organizers, I wish to congratulate you on the success of this Campaign.

I thank you.

Hon Saviour Kasukuwere 
Minister of Youth, Indigenisation and Empowerment

Friday, November 4, 2011

Honourable Saviour Kasukuwere's Speech at the Symposium on the Implications of the Korean Economic Development Experiences for Zimbabwe


Professor Cho: Chairman – Yonsei University
Deputy Minister Chidakwa: State Enterprises and Parastatals
Distinguished Professors
Ladies and Gentlemen

Having already spent at least four days in Korea and seen what your country has achieved, from its hardships to economic prosperity, I have had my resolve in seeing my own country achieve economic prosperity strengthened. I believe more
than ever that while Zimbabwe still has much to do, we are on the right track
in pursuing “Broad Based Economic Empowerment” for our people. Indeed Korea and
Zimbabwe share some historical similarities, being countries that were colonised and have had to endeavour to free their people from poverty and guarantee them socio-economic security and their place as participants in the world economy.

I can confidently say therefore that we in Zimbabwe have much to learn from a Republic that has clearly reached where it is today because of the commitment, spirit and endeavours of its people. I have thus reached the conclusion that we in Zimbabwe can, with your support and help, through business partnerships and synergies achieve our own economic growth and prosperity for our people.
My presentation to you today is therefore to seek to have you understand better what Zimbabwe has been doing with regard to achieving “broad based economic empowerment” for its people and what such an initiative in the form of indigenisation means for potential foreign investors, including from Korea.

I would like,most importantly, to share with you what we have been doing with regard to the indigenisation of our economy, most importantly to demystify the misconceptions about indigenisation in Zimbabwe. It is these misconceptions which might have made some in Korea to hesitate coming to Zimbabwe to invest in an economy that,  far from being a threat to investment as has been misrepresented, will guarantee such investments.

I will focus my presentation of two critical questions on indigenisation that have on many
occasions been raised by potential investors:


Indigenisation is a Government policy and initiative defined by two considerations by the Government of Zimbabwe:

i. Firstly,by reflection on a past historical experience where its black majority and indigenous population experienced racially imposed economic deprivation by it colonisers;

ii.Secondly,an insight into a future for Zimbabwe that recognises that the ownership of our
economy is a matter national interest and importance. This means that it is therefore imperative that sustainable economic growth, development and socio-economic prosperity of Zimbabwe is owned and controlled by its own people.

[The story of Korea inspires us!!]

Given such considerations the laws of Zimbabwe have now made provision for the majority
indigenous Zimbabweans who were deprived of any benefit from their economy by
colonialism to own at least 51% of their economy, especially in key sectors that are strategic and critical to the growth and development of our economy. Any foreign investment in Zimbabwe must therefore ensure that at least 51% of such investment is secured by Zimbabweans.

The overall objective for indigenisation is therefore to achieve the following:
Ø To economically empower previously disadvantaged Zimbabweans.

Ø To create conditions that will enhance the economic status of disadvantaged Zimbabweans.

Ø To promote the development of a competitive domestic private sector that will spearhead economic growth and development. We believe that development is a process owned by a people. This is achieved through ensuring that the people of a country control and own its economy so that they
are guaranteed the benefits of such an economy to help drive their development.

Ø There is therefore no investment that can thrive in an economy a low income domestic investor thus the need to ensure sustainability of both the foreign and domestic investor.

Most importantly our indigenisation initiative is based on a “broad based economic
empowerment” approach, one which seeks to benefit all Zimbabweans at all levels and does not seek to benefit only a privileged few. This means that any investor coming to Zimbabwe will have a broad market to invest in amounting to no less than 13 million Zimbabweans.

To achieve such a broad based approach we have identified three keys areas that must be guaranteed ownership of
Zimbabwe’s economy, namely:
 (a) local communities
(b) employees and
(c) the sovereign wealth fund.

Ladies and Gentlemen, one cannot invest in a country where the people themselves are not
able to participate in their economy and ensure that foreign investments are made sustainable and indeed profitable. I will therefore outline to you that indigenisation is a policy that seeks to guarantee the people of Zimbabwe ownership and control of their economy, having been historically deprived of
any participation in their economy by colonialism. It is such broad based economic empowerment that will ensure that Zimbabweans begin to grow their own economy and guarantee development that secures their own socio-economic needs.


Here I will correct the misrepresentation that by indigenising our economy we are seeking to scare off or chase away investors who wish to come to Zimbabwe. On the contrary we believe that it is through indigenisation, where a people own and control their economy and natural resources, that investors can then be invited into a country and be able to confidently invest in that country knowing for certain that their investment, to whatever extent, is guaranteed by the people of that country. We have since learnt, and indeed the world is learning, that any investment, whether domestic or foreign, is
difficult to sustain when the people of the host country are excluded from participation and benefitting from their own economy. Such deprivation causes resentment and conflict which in the long term is not conducive for any investment, whether domestic or foreign.


By local communities we mean that those Zimbabweans who have long been marginalised from
the economy on whose very land lies vast natural resources, including mineral resources, must benefit from those natural resources by securing at least 10% share in any foreign investment or company exploiting such natural resources from within their community or land. By so doing we will transform the lives of millions of Zimbabweans residing in rural areas who have in the past benefitted
only as labourers for mining companies mining their mineral resources.

The Government has begun a process of setting up community share ownership schemes/trusts thorough which local communitieswill be able to hold and own 10% in any investment that exploits their naturalresources. The Community trusts will build on capital which has been denied of them and this is the beginning of the accumulation of wealth by our people. Our communities with their capital and value arising from their equity in community share trusts can result in them being able to attract Korean investors to attract much needed infrastructure by leveraging on the shares. Effectively we
have entered an era were our communities have been empowered to pay a part in national economic development creating opportunities for employment, domestic investment and overall upliftment of the people.

We must be aware that these CSOS/Tare not an end in themselves, where the community simply owns ten percent shares,but are a means to guaranteeing real and broader investment and development for the communities.

A community will thus be able use their 10% share in the exploitation of their natural
resources to build roads, infrastructure, schools, and hospitals, etc, to benefit those economies. It also means that once such a community is economically empowered it can then use its 10% stake to open other investment opportunities for itself, such as investing on the stock market or even in other countries, therefore broadening their developmental capacity beyond the 10% it will have
originally secured from the exploitation of its natural resources.

Zimbabwe recently set up its first community trust, involving a platinum mining company,
Zimplats. This Trust has guaranteed to at least three local communities a share in a company to the value of at least 100 million United States dollars. Several other such trusts are already in the process of being set up by companies that have already concluded negotiations with the Government of Zimbabwe.

You can imagine now, that any investors from South Korea will thus be able to come to
Zimbabwe targeting not only a small population in the capital cities but with an eye on local communities that are economically empowered and could well be seeking goods and services from South Korea to complement their development. Zimbabwe is also a country with vast skilled human resources, it being ranked the most educated country in Africa at the moment.

The challenge has however been that Zimbabwe’s employees who were historically
exploited under colonialism have not benefitted from their labour and from companies they have helped to grow. Through employee share ownership scheme/trust we will guarantee employees direct benefit from companies they work for through securing for them a minimum of 5% share in the ownership of those companies. This means that foreign investors will be guaranteed a committed labour force, free from debilitating labour actions and therefore able to ensure maximum profits. Workers are key in company growth and development for they too take risks and deserve rewards. Hard working mine workers in many an African setting have sacrificed with their sweat but the hand of their service they drift into a life of penury. An empowered labour force is a productive labour force.


A Sovereign Wealth Fund is an inter-generational fund that guarantees nationals of continued
benefit arising, in our case, from the extraction of our mineral resources. It will be used to ensure equal
development of our country and insulate our country in times of unpredictable resource
prising and exhaustibility. It is our desire therefore that the Sovereign Wealth Fund ensures financial stability of the national economy. The wealth fund gives the country security to develop the economy and comfort to our entrepreneurs. The value of our national endowment shall be captured under the Sovereign Wealth Fund.

Ladies and gentlemen, it is important that a nation like Zimbabwe, and learning from the
inspiring Korean story, consciously support the creation of entrepreneurs through SME development and other interventions. The Korean story boasts of Daewoo, Hyundai, LG, among other giants who are leading businesses which have created wealth beyond and without. Our National Indigenisation and Economic Empowerment Board through share warehousing and direct support to the young entrepreneurs  is aimed at supporting the growth and development of Zimbabwean economic
giants. We are now convinced further that any foreign investor can never be confident in investing in a country where the people of that country have not achieved for themselves a level of economic participation and domestic investment  to encourage the foreign investors to partner with them. Zimbabweans must first be economically capacitated.


Our vision for indigenisation is characterized by partnerships between local Zimbabweans and foreign investors that guarantees win-win outcomes, security of investment and establishment of up and down-stream industries for the maximum benefit to the majority of the population. Foreign investors must be confident in coming to invest in Zimbabwe, in a country where they are guaranteed by law at least 45% in the economy of Zimbabwe. Put into context, this is an economy with the second largest platinum  reserves in the world, estimated to have the largest alluvial diamond fields and with other vast reserves of gold, chrome, coal, etc. Surely 49% of such an economy cannot be deemed as little or a bad investment.

ProfessorSeung- Hun Chun, President of the Korean Institute of Development, yesterday said, “Africa is a Land of Opportunities and Korea, The Land with Vivid Experiences of Development”, he further
posited that in order to tackle its challenges, Africa needs to seek for feasible alternatives carefully, and he notes that needed is visionary leadership by the government with strong development ownership. This is what we are doing as we design a trajectory of growth and development based on the democratization of our economy that transforms architecture that by and large
was exclusivist to an era of inclusive investment.

For Africa, the time hascome for us to learn from Korea on how they overcame adversity and achieved prosperity. Africa is a continent with a sad history of deprivation which led to conflict, wars and diseases. Such a hostile environment has not been conducive for sustainable investment. Zimbabwe however has not only managed to maintain general peace and stability conducive for foreigners to invest. It has now embarked on an indigenisation programme that will see the people of
Zimbabwe willingly and freely participate along side bona-fide investors.

Ladies and gentlemen Zimbabwe welcomes you, the doors are open. Economic freedom ensures peace and stability and it is an ideal that our heroes and forefathers fought for as they over- threw colonialism, racism and apartheid.

The natural resources are vast, human resources plenty and the indigenisation law both enabling and protective towards foreign investors. Lastly allow me to quote His Excellency, President Robert Mugabe when he said, “We wont rob investors of what rightly belongs to them but we also don’t want to be robbed!!”.

Wednesday, October 26, 2011

Asians embrace indigenisation policy — Kasukuwere


From Tendai Mugabe in JAKARTA, Indonesia
ASIAN investors keen to do business in Zimbabwe are embracing the indigenisation policy launched by Government, Indigenisation, Youth and Empowerment Minister Saviour Kasukuwere has said.
Minister Kasukuwere, who is in Indonesia attending the 26th Trade Expo Indonesia, said in an interview that business people he met so far expressed interest to invest in Zimbabwe. He said they told him that partnership with local business people was not new to them.

"We are mounting a campaign to meet key business people in Indonesia and South Korea and they are satisfied with what we are talking about," said Minister Kasukuwere.
"We are meeting those business people who are interested in expanding their businesses to Zimbabwe and they are saying the issue of indigenisation and local participation in mainstream economy is not new to them. If anything, they are saying local participation really guarantees them security of their investments."

Minister Kasukuwere said there was need to channel more resources towards development of the Small and Medium Enterprises sector. He said his experience from the Indonesian visit showed that SMEs had the capacity to drive the economy if fully funded.
"I have discovered that SMEs are predominantly the engine of economic growth and this is why the Indonesian Government is emphasising the importance of funding this sector. The more we support SMEs, the more we create wealth and sustainable employment for our people."

He commended the Zimbabwean business delegation participating at the 26th edition of the Trade Expo Indonesia also known as the Jakarta International Expo. He said they should use what they learnt to expand the local economy.

The minister said Zimbabwe and the entire African continent had the potential to excel if resources were utilised well. He said Zimbabwe was fortunate to have vast resources, coupled with educated people with skills in various economic fields.

From Indonesia, Minister Kasukuwere would on Sunday lead a 25-member Zimbabwean business delegation to South Korea to forge linkages with Koreans and explain the indigenisation policy.

Tam Consultancy director, Engineer Tawona Mtungwazi, who is also participating at the Jakarata International Expo said they made strides in striking business deals.
"We have seen areas where they are competitive and we are now making negotiations in areas we can partner with them," he said.

"There is great potential here and so far I have already identified some business people who have expressed interest to come to Zimbabwe early next month to partner us in the development of e-Government and software."
Other areas of partnerships with Indonesians include textile manufacturing and engineering consultancy.

Sunday, October 16, 2011

R.I.P Tongai Moyo Dhewa

Our superstar musician Dhewa is no more.This is a sad day and a big loss to the entire nation of Zimbabwe.We have lost one of the finest musician this country produced.Deeply humble and original, Dhewa was a role model to many .RIP Murozvi.

Saturday, October 15, 2011

Minister of Indigenisation, Youth Development and Empowerment Midlands State University Public lecture on Poverty Alleviation Through Indeginisation

Minister of Indigenisation, Youth Development and Empowerment warned the police to abstain from arresting panners saying there was nothing illegal about the panning.
Speaking at the Midlands State University during a public lecture on Poverty Alleviation Through Indeginisation, Minister Savior Kasukuwere urged the police to stop harassing and arresting illegal panners in the country despite the fact that environmentalists’ concerns.

Kasukuwere said it was a shame that the mining sector which is foreign owned continued to loot the country’s resources while being escorted by the police while local panners who he said were trying to eke an honest living were being harassed by the same police.

“It’s high time we woke up as Zimbabweans. Mining firms continue to extract and loot our minerals while we watch, folding our hands. When the minerals are mined using local labour, we then authenticate their looting and stealing by allowing our police to escort them to the borders. The same police officers would then crack down on our indigenous panners as they try to eke a living from their own minerals,” Kasukuwere said.

“When the panners are raided, they are sent to the courts where they are given long sentences as punishment. We should put an end to that and make sure that we help each and every Zimbabwean enjoy his or her mineral resources by legalising their operations,” he added.

The Illegal panners leave open pits after extracting the minerals and in the Midlands Province, the Environmental Management Authority has blamed them for destroying the environment. They are even digging under the major highway linking Zimbabwe to South Africa in search of gold.

Kasukuwere vented out his anger also on foreign owned mines warning that he was coming out for them for failing to give 10percent of their shares to local communities while applauding Zimplats that has already done so. He said stakeholders should now move from talking to action

“We have talked a lot on this subject about indigenisation and economic empowerment and how it should be implemented. It’s now time to make sure that this programme has been implemented so that the majority of Zimbabweans who are owners of the huge deposits of minerals in this country directly benefit. We will crack down on all mines to give away the 10percent. We will move on to Mimosa, to Unki, Murowa and all the mines,” he said.

The Minister also said Government has set aside a national revolving fund, which will require companies to contribute part of their profits towards future use.

“In as much as we are proud to posses such huge mineral deposits in our country there will come a time when these mineral deposits along the Great Dyke will be exhausted. As Government we have set asidea national revolving fund whereby mining companies are compelled to contribute funds towards the fund for future use,” Kasukuwere explained.

Friday, October 14, 2011

Zimplats to build US$1bln concentrator

by: Reuters

Deal sealed ... Savior Kasukuwere and Dave Brown

PLATINUM miner Zimplats on Thursday announced a $1-billion expansion plan for its mines in Zimbabwe, at a ceremony to mark its first step toward complying with a new local ownership law.
"The company has to date invested $700 million. It is in the process of establishing the second phase of our expansion plan which will cost $500 million," Zimplats chairman Dave Brown said at the ceremomy in Selous, west of Harare.
"After the completion of the expansion in 2014, further expansion including an underground mine and a concentrator valued at $1 billion will be undertaken," said Brown.
He spoke at a ceremony to launch a community ownership trust, which will hold a 10 percent stake in Zimplats and receive $10 million to begin undertaking projects to improve schools, roads and bridges.
"Today our dream has been realised. Zimplats community trust will acquire 10 percent shareholding in the company," said Brown.
Zimplats, a unit of South Africa's Impala Platinum which is the biggest foreign investor in Zimbabwe, is one of the first companies to take a step toward complying with a controversial law requiring foreign firms to cede 51 percent of their shares to locals.
President Robert Mugabe, the biggest defender of the legislation, said at the event the law was not meant to stifle foreign investment but increase the role of Zimbabweans in the economy.
"The indigenatisation and empowerment laws are not intended to stifle foreign investment. Far from it," said Mugabe.
"It is our vision to see more partnerships between indigenous Zimbabweans and non-indigenous investors," Mugabe said near one of the firm's mines.
Mugabe told the meeting west of Harare that Zimplats had nothing to fear about its investments and it should build a refinery.
"Mr Brown, go and tell your shareholders that we don't intend to take over (Zimplats). We don't want to steal or rob that which does not belong to us, but we don't want to be robbed as well," Mugabe said to Brown.
Foreign companies in Zimbabwe were given until September 25 to present their plans to the government on how they will comply with the law. Zimplats was given an extension to comply fully with the law.
The equity law has created tensions within the country's shaky unity government, with Prime Minister Morgan Tsvangirai arguing that it will discourage investment.
Mugabe insisted that foreign investments in the county would be safe, if they meet the new requirements.
Mines and banks are the main target of the law.
Community empowerment ... Dave Brown with Saviour Kasukuwere

Saturday, October 8, 2011

Rio Tinto's Murowa Diamonds surrenders 51pc stake

MUROWA Diamonds has agreed to surrender 51 percent stake in line with Government's
Indigenisation and Economic  Empowerment regulations.
This comes as delegates to the inaugural Zanu-PF Indigenisation and Economic Empowerment
Conference here yesterday made it clear that it was time for economic emancipation through
ownership of the country's mineral resources.

Zanu-PF secretary for Indigenisation and Economic Empowerment Cde Saviour Kasukuwere,
confirmed that Murowa Diamonds complied with the empowerment regulations on Thursday.
"Murowa Diamonds wrote to us yesterday (Thursday) saying they have given up 51 percent
shares and these would be given to our people," said Cde Kasukuwere, who is also the Minister
of Youth, Indigenisation and Empowerment.

Cde Kasukuwere said the implementation of the empowerment regulations had moved a gear
up with indications that President Mugabe would be launching the Ngezi Community Share
Ownership Trust worth over US$100 million at Selous, Mashonaland West Province, next week.
"On Thursday, His Excellency the President will launch our programme at Selous. A 10 percent
stake worth over US$130 million will now be in the hands of our communities. By December we
will have more than 100 Community Trusts," he said.
Cde Kasukuwere said the setting up of the Community Share Ownership Scheme for the Ngezi
Community was agreed with Zimplats.
"Other substantive proposals are still being assessed and there are indications that some of
them will be approved with necessary adjustments," he said.

Cde Kasukuwere, however, said there was still some resistance to the empowerment
"The general trend of submitted plans shows a level of resistance in moving away from the proposal by the Chamber of Mines of Zimbabwe. The mining businesses are offering to dispose
26-30 percent as equity on commercial value. The balance is to be claimed as empowerment
credits for corporate social responsibility programmes. It appears this approach has been
agreed to and co-ordinated under the Chamber of Mines of Zimbabwe," he said.

Cde Kasukuwere said some mining firms were still proposing to dispose of equity to indigenous
Zimbabweans in their individual capacities or as a consortium rather than to designated entities
as prescribed by the law. "My overall assessment is that over 90 percent of the submitted proposals do not meet the
minimum requirements of the General Notice 114 of 2011 and there seems to be an element of
"However, I am meeting the various mining houses to achieve agreement on compliance with
the law," he said.
Cde Kasukuwere said since the promulgation of the empowerment regulations, more than 1 000
businesses have submitted their provisional implementation plans as required by the law.

But while some mining firms are still reluctant to abide by the law, Zanu-PF delegates here are
definite that there is no going back on the empowerment regulations as it was in line with the
party's 2010 Mutare National People's Conference resolutions.

"The Zanu-PF Presidium is totally committed to supporting this important initiative led by Cde
Kasukuwere. Cde Kasukuwere we are fully behind you and some of us will leave no stone
unturned to achieve our goal," said Zanu PF national chairman Cde Simon Khaya-Moyo in his

He added: "The indigenisation and economic empowerment programme is a flagship policy of
the party that should be implemented without fear or favour. We ask for permission from
no-one. We must proceed with that zeal and commitment, which made us succeed in liberating
our country.

Zimbabwe Herald

Tuesday, October 4, 2011

Comrades ,we are changing our country!

Comrades ,we are changing our country.The economy will be controlled by our people.Investors are welcome to partner us grow the economy and create jobs for our educated human resource base.The community empowerment trusts are taking shape and the bottom of the pyramid will never be the same again.The trusts will see a shared ownership emerge and the rural areas are set for change.Work underway will make us all proud and l am sure when we complete the assignment ,it will be there for all to see.

Implentation,implementation that's what we are now doing.Our investment analysts and fund managers get ready and those abroad start packing and be here to assist our communities.
Empowerment will benefit the broad masses of our people and that's my commitment.

We are on course.We will achieve.

Thursday, September 29, 2011

Youth Empowerment

Today we updated the nation on the indigenisation of the mining sector.Like I said ,the progress to date is very encouraging and it has dawned upon all that the law of the land must be upheld.The cooperation and goodwill are key features in successful transformations.The empowerment program me is a very important development in the history of our nation and i am certain that at the end of the process ,we must see an empowered nation benefitting from her natural endowments.The world over,nations have developed on the back of their resources and endowments,Zimbabwe is no exception.The journey has been tough and ahead of us lie trying times as we implement the program me aimed at broad based and inclusive participation.The communities and workers occupy an important role in a democratic economy.The energies of our youths being called upon to embrace the mining industry as the future.

The visit to my office by the MDC(T) Youth leadership was interesting and illuminating.I came out of the meeting with a sense that the challenges that confront our young people are common.Empowerment of the youths and skills are key to developing young people who will be central in national development.The 1:30 hr meeting has opened to all communication that is vital in youth work and l commend them for the courage and desire to engage positively.A lot can be done to develop the youths and the meeting today has set on course a trajectory that we should build on.

Tuesday, September 27, 2011

Trusts set up for empowerment

Deputy Business Editor Fanuel Kangondo GOVERNMENT is engaging community leaders around the country on the setting up of trusts to form part of the process for broad-based indigenous empowerment, two Cabinet ministers have said. As part of the empowerment programme, foreign-owned mining firms that have filed acceptable plans to meet the indigenisation thresholds in line with the law have undertaken to release a portion of their equity to local communities where they are operating. The empowerment laws compel foreign-owned firms, including banks and mines, to transfer at least 51 percent ownership to locals by 2014. Under the new ownership structure, workers are also set to benefit. Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere, alongside his Local Government, Rural and Urban Development counterpart, Dr Ignatius Chombo, last week met traditional chiefs in the Mhondoro-Ngezi area where Zimplats is operating. The ministers explained how the trusts would operate. They said the benefits should be there for all to see in the respective communities. Minister Kasukuwere dispelled fears that the programme had been hijacked by influential individuals for their own benefit. He said the programme was broad-based and would be in existence for future generations. "We have taken a risk and you, as the custodians of these mineral resources, should be rewarded," he said. "We have to strike a balance between the aspirations of the people and our investors. There will always be challenges along the way and you must be mindful of those trying to derail the progress." Addressing the people in Zvishavane after touring Mimosa Platinum Mine, Minister Kasukuwere said they should have the courage to say "We can do it" and prepare themselves to play a meaningful role in the company once their stake had been placed on the table. Aquarius Platinum and Impala Platinum of South Africa jointly own Mimosa. The company's managing director, Mr Winston Chitando, said Mimosa had submitted its indigenisation plan but he could not give details as it was still being considered by the ministry. The delegation visited Mimosa and met five local chiefs and Member of the House of Assembly for the area, Mr Obert Matshalaga, and former Midlands Governor Mr Cephas Msipa. The management team was praised by Minister Kasukuwere for employing locals and engaging local entrepreneurs to supply up to 70 percent of consumables for the mine. Besides providing housing that has transformed the Zvishavane town that nearly collapsed with the closure of SMM Mines a few years ago, the nearly 2 000-strong workforce is upbeat about what they expect to achieve with the latest developments at the mine. They chose not to talk much about it at this stage, opting instead to wait for the official announcement, expected anytime soon. Minister Kasukuwere, accompanied by the chairman of the National Indigenisation and Economic Empowerment Board, Mr David Chapfika, toured the newly-opened Unki Mine in Shurugwi, owned by the Anglo- American plc group. The company's country director, Mr James Maposa, and its finance director, Mr Collen Chibafa, assured the local community that negotiations with the ministry over compliance issues would be concluded soon.

Thursday, September 22, 2011

Minister Saviour Kasukuwere setting up Indeginization Community Trusts with support of ZIMPLATS MD


Today yet another wonderful day.Was in Ngezi and we are on course setting up the Community Trust .I was excited that the community and the Chiefs will now benefit from the resources that have been extracted for years in their area.Zimplats attended and the MD made a good speech that indicated a desire to engage on a win win basis.Better days are within reach for our people,the very cause of years of struggle and sacrifice.

Yesterday l spoke of the fund and we are moving.These are patternships that should allow our youths and communities to fight poverty and unemployment.

We should build a great nation of believers.

There is no going back.

Hon S Kasukuwere (M.P)
Minister of Youth, Indigenisation and Empowerment

Old Mutual Agrees Deal With Zimbabwe to Meet Ownership Law


It's been a good day in the office.Old Mutual has started complying with the laws of the land and a fund to the tune of 11 million dollars has been agreed to.This meant for the young people in our country and l am sure it will go a long way in meeting the expectations of our youths.
Good day
Old Mutual Plc (OML) said it reached an agreement with Zimbabwe’s government about how the insurer will comply with a law to sell a majority stake in its local operations to black Zimbabweans.
“We have reached a deal and we feel this is a sensible one,” Ralph Mupita, Old Mutual’s Chief Executive of Life and Savings, said in an interview in Harare, the capital, today. “It’s a broad-based proposal we have put forward and this is something we are happy with.”
The southern African nation’s government have asked foreign companies to submit plans on how they will meet a law to sell 51 percent of local assets to black citizens. The law is focused on mining and financial services companies in a country with the world’s second-biggest reserves of platinum and chrome.
Old Mutual’s Zimbabwe unit will cede 25 percent of its assets through grants and shares to pensioners, staff, partner companies and a youth fund, Empowerment and Indigenization Minister Saviour Kasukuwere told reporters in Harare.
The company will also support a state agriculture fund and help fund housing projects, while agreeing to invest $20 million in its local operations, Kasukuwere said. The agreement will be reviewed in November, he said.
To contact the reporter on this story: Godfrey Marawanyika in Johannesburg
To contact the editor responsible for this story: Antony Sguazzin at