January 20th, 2011
01:39 PM GMT
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I recently spent some time chatting to the Zimbabwean Finance Minister Tendai Biti. We have talked, on camera, in the past and he is always candid and sometimes surprisingly honest in his interviews.

He has admitted to having some sort of post-traumatic stress syndrome after enduring years of brutality and imprisonment by the Mugabe regime. In the past two years, he and his party, the MDC, have been in a ‘unity government’ with Mugabe’s ZANU PF. It is, he says, a bit like "supping with the devil" or engaging in some sort of "unholy alliance." But he and his peers have persevered, he says.

Biti’s job has been to try to stabilize the Zimbabwean economy; he says his first task was to bring down hyperinflation, which he did by stopping the printing presses, which were churning out Zimbabwean dollars. By implementing what he calls ‘commonsense policies’ there has been a slow normalization of the economy.

However, foreign investors, multilateral institutions and states are still very wary of investing in Zimbabwe. The fact that President Robert Mugabe is still a player makes many people concerned about the levels of political risk in Zimbabwe. The degree of uncertainty is just too volatile for many.

This makes Biti unhappy - he feels investors and the West have isolated Zimbabwe, even though he and his colleagues are working from within the system to make life better for ordinary Zimbabweans.

He advocates more "engagement" from outside, saying that more investment and assistance will help the country to transition to a more democratic, equal system.

It is a dilemma for some - do you wait for the Zimbabwean political scenario to be more clear cut before you channel more aid or establish businesses there? Or by waiting, do you punish ordinary Zimbabweans who could do with a helping hand?

It is an issue that is widely discussed here in South Africa - when is a good time to re-invest in Zimbabwe? What do you think?



soundoff (39 Responses)
  1. Robert Rogers

    The key is access to market for any international investment. If you do not or cannot gain access, then it isn't a market you should consider.

    January 20, 2011 at 1:55 pm |
  2. E Haire

    Biti is very respected (more so than Tsvangirai) – is he President in waiting? He has definitely been the most effective player in the MDC's effort to bring the economy back from the brink. Fingers crossed.
    Personally considering investing in Zimbabwe, but Mugabe recent statements re: indigenisation are very off-putting. He is pushing to raise the 51% ownership by an indigenous Zimbabwean up to 100% for British and American companies unless sanctions are repealed. Why invest your savings only to have them confiscated. Shall have to shelve plans again (not for the first time).

    January 20, 2011 at 2:26 pm |
  3. Manuel Vilhena

    That is not an easy issue. President Mugabe is a controversial leader and therefore people from Zimbabwe pay the price of his controversially leadership.

    January 20, 2011 at 4:03 pm |
  4. Andrew Majiga

    What all Zimbabwean politicians seem to disregard is that capital markets are global in nature and if a country seems not to have political stability, capital will flow to those areas of stability. Mr Biti et al should know that investors enter the market to maximise returns and do not invest to "assist" a country as he advocates. Private investors will enter the Zim market if the level of political risk subsides. Surely this is not rocket science and it is high time the Zim government governs in the national interest and stop patronising us with endless political posturing and rhetoric.

    January 21, 2011 at 10:58 pm |
  5. Bugah729

    In 2009 British banks made US2.2 billion after tax profit in Southern Africa. About 80% of this profit was made in Zimbabwe (Source The Economist). Hard to believe but the fact is there is a lot of money floating around in Zimbabwe, in fact millions of US$. Perhaps it's the diamonds pulling in these US$, the bankers know better. Whilst you scratch your heads on whether to invest in Zimbabwe or not, the bullish investors are busy planting and harvesting.

    January 22, 2011 at 5:13 am |
  6. Zim

    Zim used to be one of africas best nations, why can't the west allow Mugabe to resign peacefully till death, while they allow Zim to start developing, imagine an entire country going down simply because the west wanted to excercise their ego of 'do not mess with us, we shall finish you off'.

    January 24, 2011 at 2:14 am |
  7. tom

    istead of fighting the guy,why cant help him for the benefit of the zimbabwean peaople,i know they do their best but for most of the time its the people who suffer.

    January 25, 2011 at 1:14 pm |
  8. Masinire Murambwi

    You are good a craftsman with the tools at your disposal; Biti is as effective as the situations he finds himself in can allow him. Saviour Kasukuwere was hand-picked by Mugabe to head a committee dominated by allies of President Robert Mugabe to help the government set minimum shareholdings in various segments of the economy to be allocated to “black investors”. “Black Investors” are cronies and those that are loyal to Mugabe; that in and of itself falls flat in the face of sound re-investment initiatives for Zimbabwe. The current regulation, in which companies with assets of more than US$500,000.00 are slated for indigenization, i.e. 51% to be owned by “Zimbabweans”, (again these are the cronies & loyalists to Mugabe.) does not give Biti leverage in terms of attracting foreign investment. The political landscape in Zim plays a pivotal role in attracting back old investors and new ones alike. I can only say.., job well done so far by Biti and hope he stays the course.

    January 25, 2011 at 8:03 pm |
  9. Alan

    As for Zim's comments..... he obviously doesn't live here and have to deal with all this kind of stuff. Maybe a day with the "wovits" ( 20 year old war veterans ?) or under military/police harassment etc., may give him a slight change of heart.
    Some things just have to change to make things work. You invest today and Mr "Wovit" or some other politician/judge owns it tomorrow ... for free too...
    The wishes of Mr Biti are fine , just hard to carry them out.. I wish him luck.....

    January 28, 2011 at 6:58 pm |
  10. Murombedzi Mhlanga

    In whatever situation different people invest through clever synergies. I believe my country has seen quite a lot of investment through legal means & the parliament of course by negotiating with the government to have laws that are attractive/favourable to the investor. As long as people are risk averse and don't explore positive means of investment, plenty of Zimbabwean DIAMOND (educated workforce, infrastructure, ideologies, well being, economy, technology, innovation,etc) is going to waste. Help Zimbabwe by making it's people & that is food on their table. Just don't take adventage of the situation. We know at the moment any investor can & take advantage of the low wages/salaries thus profiteering. To get the best out of anyone or anything requires the best investment.

    January 31, 2011 at 2:36 pm |
  11. Themba

    as a zimbabwean living outside the country I wish investment would take place as soon as possible to help the locals. On the other hand even though i do not agree with Mugabe's policies i would rather see a slow rise in the economy but handle by locals, not just jobs but actuals owners of business not foriegn owned money whos return will still leave the country. The Economy is slowly coming up and Zimbabwe is rich enogh to feed its people and should have its profits owned by locals not forien investors who usually implement polices that make more imediate cash for themselves but no long term benefit for locals. After all Zimbabwe has been through it would be nice to see locals benefit from the minerals and crops not people overseas. I would like to see Mugabe step down but at the same time would not want to see the doors of Zimbabwe open to rich Europeans and American to invest to only get richer while the owner of the land get just the minimum, slow growth seems to flow more towards Zimbabweans although we can not turn a blind eye to those need imediate attention. Not a solution but somthing to consider.

    January 31, 2011 at 9:52 pm |
  12. Pleb

    The Zimbabweans are too stupid to stage an uprising ! Pathetic nation

    February 1, 2011 at 4:02 am |
  13. microscope

    Mugabe's stance favouring the locals is spot on no matter how slow the economy picks up. Locals have a soreign right and claim to natural resources and Zimbabwe is leading all of Africa and showing the way on sustainable development and investment.

    February 2, 2011 at 2:44 pm |
  14. MBARE

    There can be little investment when there is no law and order. The recent attack on a Bird Santuary (of all places) on Lake Chivero by Mugabes thugs including his nephew shows that Mugabe has no intention to bring peace or stability to his country. His racist 51 percent indegnous black only shareholdings is a renewal of an old apartheid policy. Should we be supporting a new apartheid govenment in Southern Africa. I think not
    The only country investing is China and its recent 3 billlion offer for its Platinum reserves.
    So if you have no conscience and dont care about its people its a good place to invest.
    Tendai has tried to do his best in the worst of circumstances but investors need more. Political Stabiity and good honest leadership.

    February 4, 2011 at 12:29 am |
  15. hapson

    @ E Haire..You know nothing about the journey we have traveled with Tsvangirai let alone his respect

    February 6, 2011 at 9:02 pm |
  16. microscope

    @ MBARE – it is not racism when a sitting government of a former colony settles for positive discrimination favouring the previously disadvantaged because of the colour of their skins.

    February 7, 2011 at 10:21 am |
  17. KOMBE

    Mugabes thugs have rampaged in Harare beating up Foreigners and and attacking businesses, . Why invest in a country that will steal your Capital and give you a good beating as well. I would rather invest in Zambia or Botswana.
    Dont go to Victoria Falls when you can invest in Livinstone in Zambia a much freer and honest place. Positive discrimination works if its for minoities and not for the majority who own most land and businesses in Zimbabwe. Mugabes thugs dont need more encourangment with Positive Discrimination Policies to beat and steal from others because they are different.

    February 8, 2011 at 11:46 pm |
  18. roots

    biti has done nothing only talking he deserve no credits especial from matebeland , these guys tvaks and bits have bad blood to be honest they are black racists and tribalists i know very well ,how much money that biti sat on since he came to powerand what he has done with only to put it in bad places and only in harare, what invest ment he talks about when big city councils like BULAWAYO ARE GETTING BANKRUPT, Dont put your faith in people like biti, birds of same feather flock together, he is same with mugabe ,or gono , he is behaving like muzorewa or tsvangs all traitors and greedy snakes, no person in his right and innocent mind can give his money to biti except chinese people less conscions , iam from matebeleland and iam furious ,biti is is a tribal racist like tvangs and they have gukurahundi agenda
    and this is why he joined this government of national disunity, three shonas on top
    this biti thinks he is something special, he is not how much money he stole sofar lets be honesty zimbabwes

    February 14, 2011 at 4:25 am |
  19. ptsd is a bear

    ptsd is a bear. especially in cases like africa has been through. good that you recognize it. a lot of people don't. not for many years.

    February 14, 2011 at 5:25 am |
  20. ptsd is a bear

    we want good things for africa. and you are right. sometimes they are very impressive. they stand up for a lot of the right things, but have been abused. all of that takes time. we have that here too.

    February 14, 2011 at 5:28 am |
  21. ptsd is a bear

    This part is rugged: He has admitted to having some sort of post-traumatic stress syndrome after enduring years of brutality and imprisonment by the Mugabe regime. In the past two years, he and his party, the MDC, have been in a ‘unity government’ with Mugabe’s ZANU PF. It is, he says, a bit like "supping with the devil" or engaging in some sort of "unholy alliance." But he and his peers have persevered, he says.

    i had to endure a rapist's father for many years. he claimed to be my fathers friend. tough relationship for me.

    February 14, 2011 at 5:31 am |
  22. ptsd is a bear

    people don't realize what ptsd puts you through...the trauma lasts a lifetime if we have to go back to reminders. and sometimes it's what we have. abused people have to live in the area of the abusers. it's a real problem.

    February 14, 2011 at 5:33 am |
  23. Derrick Zikizela

    Great leaders in Africa, should not assume political post but remain empowered in whatever they are good at, if someone like Minister of Finance from Zimbabwe had to became president, trust me he will change for worse, therefore great leaders ought not to assume presidential post, since its great post for lazy people. I think he should remain in Finance capacity or move into any development post thus help push productive development, remember once became President, you're basically subjected not to act on what you think is best for the people but whats best for your party including opposition punches.

    February 17, 2011 at 4:41 pm |
  24. Derrick Zikizela

    Great African minds get lost in African Political Battle Zone, therefore never ever allow them to assume presidential post, its big mistake. The recently ousted Hosni Mubarak, took over with great ideas, and implemented greatly, so does Mugabe during his first 8 years in power but the longer they remain in power, the more they grow brain. Therefore, smart African Leaders should not assume presidence.

    February 17, 2011 at 4:45 pm |
  25. Mathias

    @ Pleb, shame. an uprising won´t help the Zim economy, by destroying the country only puts it further into economic turmoil. Since YOU are an idiot, I do not see how you can realte to that.
    As a Zimbabwean, I send money to people from abroad, that in itself is investing. sooner or later the environment for making money in Zimbabwe will improve.

    February 18, 2011 at 10:06 am |
  26. truthhurts

    When is a good time to re-invest in Zimbabwe?
    re – invest......

    February 22, 2011 at 4:33 am |
  27. Dunn ravan

    come on people !

    its just infant Zimbabwe learning Her first few steps in the this global world , nothing much.
    i see no reason to to worry at all , Mugabe Biti Tsvangs etc etc – just a bunch of old dogs who cant & wont learn new tricks ! Zanu PF – old titan army bosses who cant even rule themselves without Bob ! zimbabwe – an old southern african state with great oportunities and messed up roots !

    truelly its not what we all see now and what we saw before, its what the future holds and has instore for the right minded young Africans WILLING ! to take part in the various activities that Zim has to offer !

    take most Engineering trades ,Mining, Manufacturering, Construction, Banking etc etc , these areas are still vacant posts yet to be seriously utilised within Zim, the current pacesetters are just too engaged in their day to day squables, they forget to encourage and set the usefull platforms that are vital for real Industrial development, Colonies like South Africa , Botswana etc are still to experiance their Rennaisonce, Zim on the other hand is just begining to Rise from the Fall !

    imagine the scenario in post "World War 1" German ! just before the rise of Hitler – we "Zim" are in a similar position now. its not what the world says about zim that will matter ! its what the future economic players will be doing that will matter ! surely the previous "white" dominated scenarios will have a hard time ! a fairly mixed bunch of Africans "black" mixed with their usuall "indian" africans , plus Chinease too will surely have first priority for a long time to come !

    i belive more focus on Resource processing, sorting or even just polishing can build revenue stocks for future African industrialist ,this revenue can be used to kick start necessary ground works for reall industrial growth. young talent is plentifull and waiting as i write, just waiting to be pointed in the right directions. with the right plans in place Zimbabwe can surely outsmart many European states as far as production Quantities are conserned ! FACT no one country in Europe, America or the Russias can match Zimbabwes Diversified mineral base ! Zimbabwean Diamond reserves "if allowed to be sold" will surely cause huge price shifts in the Global Diamond industry. should i mention that a good 80% of the great dyke (the mineral hub of southern africa) is still un explored ! the zambezi valley houses millions of tonns of Uranium, i certain casses poeple are digging foundations for houses and they come across gold deposits in the midlands areas, thousands of former German Gold mines sealed off with concrete entrances still exist.

    surely a firm informed man eg- Adolf Hitler, can bring out the beast in Zimbabwe ! i still say that its not what the world has seen before, its what to come that the whole world should fear !

    the province of Zimbabwe is just but a small place, see the bigger picture ! African , European, American, Chinease and Global friends and partners !

    February 22, 2011 at 9:37 am |
  28. James Walsh

    The simple answer – when the tyrant Mugabe is dead.

    February 25, 2011 at 7:37 pm |
  29. Ryan

    @ Zim... You cann't leave Mugabe as is because, Zimbabweans were starving, services had collapsed including health care, refuse was pilling up on streets creating serious health hazards (with health care system) water purification system were not functioning therefore the cholera out break, in which 1000's of Zimbo's died. The supermarkets had nothing on the shelves, when i say nothing i mean F£^k all!!! Thats why you can not leave him peacefully.

    Zimbabwe is birth country and it makes me very sad to see a country I love in a almost ruin. Investing in Zim now would only make Zanu-PF's position stronger and their grip on power tighter. As the country's economy gets stronger with re-investment so will Mugabe. So wait till another Government is firmly in power and money will flow in Zimbabwe!!!

    February 26, 2011 at 1:33 pm |
  30. SA Boy

    In reply to Pleb – I couldn't have said it better myself. 3 million Zimbos living in S.Africa !!! How ridiculous. If only 10% of them had some brains than they could have staged an uprising years ago especially since the Zimbos keep on carrying on about how good their country was which almost had a 100% literacy rate. Maybe we need to write it in a book for them on how to stage an uprising and than they will do something about it.

    Pleb

    The Zimbabweans are too stupid to stage an uprising ! Pathetic nation

    February 26, 2011 at 2:28 pm |
  31. SA Boy

    BTW – Thats 3 million zimbos which ran away to S.Africa. What about the other few million that ran away to other countries. They say it was called the bread basket of Africa – Haha, what a joke. Its more like the toilet basket of Africa.

    February 26, 2011 at 2:31 pm |
  32. Tatenda

    To be blunt the author of this article has made no attempt to verify this story or Biti's words. MDC and Biti joined the GNU nearly two months AFTER the reserve bank governor Gono and the ZANU-PF cabinet dropped the Zim dollar and formally adopted multi currency rules for Zim. The Dollar and Rand are both utilised in Zim since Jan of 2009 and this move eliminated all inflation within the first month. When Biti became the Min. of Finance, Zim was already running a deflationary economy. Shame on all at CNN and else where who fail to do their due diligence and repeat political lies from Biti or others. Exactly when was Biti jailed for such a long time that he suffered post traumatic disorder? Please ask him to put his passport forward and see how many trips and how many months he spent in Washington and London in the five years previous to his assumption of the Min. of Finance post. A better question is just how much money has the MDC taken from the US and UK? Has it any accounting for such payments? To date the MDC-T cannot show a single donation from within Zimbabwe. It is not a political party of Zim but instead an animal of the West. Biti is a friendly liar..except when confronted..then he yells, stomps his feet and has been know to throw items at press members from SA and the region who call him out on such petty lies. Please CNN and others do your due diligence. No one in Zim is listening to you despite our non censored satellite airwaves. Future relations in the region depend on your credibility as well.

    February 26, 2011 at 8:35 pm |
  33. Grace

    Zimbabwe needs investments right now and it doesn't matter where the investors are from. The wealthier the better as they will bring most of the resources needed like machinery, money, expertise and more. the Government should be concerned about charging set corporate taxes and not try to overtake in the running of foreign businesses. If this carrys on, no one will want to invest in our country. Investors work hard to get to where they are and it's very unethical that 51% of their businesses are just handed over to indigenous people, who in most cases haven't contributed anything i starting those businesses. We are not a country of thugs, bullies and thieves. We should know to work for what we have and that will set very good examples to the future generations. If however, the government imposes a policy that no foreign companies should own 100% of their businesses, proper procedures of joint venturing or reasonable proportions need to be implemented, and investments premiums agreed before the start of the business.

    I disagree with the writer who said no Westerners should invest in Zimbabwe. They are the people with first class resources as the markets in the Western world are very competitive. Bringing that high tech to Zimbabwe will be very beneficial to the country as a whole. Think about job creation, country reputation will also bring even more investors and not to mention how much taxes they will pay to the Zimbabwean Government in forms of corporate taxes, import and export taxes. They will not take away all the wealth but they will add value to our country's economy. Zimbabwe will increase the quality of life overall. It will cut crimes and make people think of improving life of future generations as they are tomorrow's leaders. Investments in Zimbabwe will eliminate the trend of future beggars and help improve infrastructure. I can go on and on about the benefits of new investments to our country right now.

    March 3, 2011 at 2:58 pm |
  34. thomasmakoni

    "slow normalization of the economy" Maybe i dont know my english but from 200,000,000% inflation to 5% inflation then from (-12%) economic growth to +8% economic growth all in 12months is definately not slow normalization, Just ot to correct you there.

    March 5, 2011 at 8:08 pm |
  35. Collins Bunjira

    The time to invest in Zimbabwe is definitely now, regardless of investor confidence or speculative opinion. The Zimbabwe Stock Exchange – ZSE definitely is the most risk free, credit crunch proof and buzzing market. Performance is continuously undermined by under investment in mining, agriculture and general industry. Trade line within the Southern African Region and beyond are firmly confirmed. Zimbabwe has positioned itself as a global player. The only reason it continues to fail to become one is simply confidence and lack of investor funding. If I was an investor, the Zimbabwean market is where I will spend all my fortunes.

    March 6, 2011 at 10:39 pm |
  36. Kunzota

    thomasmakoni you believe we have +8% economic growth ! And Grace maybe Guchi thinks investment will save this nation, sell the bags it might ! Nothing will change until the rot at the top is out. what you and many others don't see is the underlying system which is kept behind closed doors. He has said himself that zim belongs to him. For a president of a country to allow a children s home that cares for young infants and foster children to be demolished in Hatcliff while the children are watching with no where to go, and being left out in the open through his so called clean up is not a man but a self centered savage ! Shame on you !!! But when you look at what was done to the people in Bulawayo you can see why he did nothing to save the children s home but smirk and look on. Take a look at how the diamonds are being reaped. A hand full of diamonds and a truck of body bags. Go see for yourself !! Unfortunately it takes intelligent people to run a country and organize a revolution to free the people. Wake zimbos and do something or you might as well go dig a hole and lay in it.

    March 10, 2011 at 8:33 pm |
  37. mzawami

    As much as I would like Zimbabwe to be successful and investors to invest, I worry a lot about those who wish to invest there. I am a Zimbabwean myself having fled Zimbabwe after witnessing and experiencing a lot of brutality indiscriminately and sometimes targeted and systemically organised by Mugabe and his Zanu PF thugs. Farms have been taken away from their owners and the owners beaten, some to death by these thugs. Just recently, Mugabe himself threatened to seize foreign owed firms and businesses. I wonder then why a normally investor would keen to investi in a country where there is a VERY HIGH risk of them losing their investments. Are we that short sighted or that forgetful or it's shear stupidity? The first and only thing that will bring investment to Zimbabwe is when the rule of law is implemented and human rights abuse is abated. It's only then, that the investors will not need to be invited; they will come and invest voluntarily. It's as simple as that. Do not be fooled by these other Zimbabweans and sympathizers who want investment so they can exploit it to further their pockets and chase you away when they so wish or mislead others respectively.
    Zimbabwe is a very complex country and so is its politics. Yes this is not about politics, but without good and fair politics, good governance, equality and respect there is simply no good stability and hence investment is insecure, unwarranted, very risky and in vain in most cases. Let Mugabe, the government and his thugs restore the rule of law, stop political violence and discrimination, stop human rights abuse, intimidation, inequality amongst fellow Zimbabwean and the confidence of investors will be restored automatically and guaranteed.
    Food for thought: how many times has Mugabe chased away investors after they have invested there, re-invited them and chased them away again? Invest at your own risk, is my advise. Learn from the history and presence of Zimbabwe, do not stupid to ignore it.

    March 11, 2011 at 11:47 pm |
  38. mzawami

    Again, millions of Zimbabweans fled Zim into neighboring and abroad countries simply because of instabilities within the country. If the citizens of a country are not confident enough to live in their own country, how can it be possible and practical for a foreign investor to invest in that country? Zimbabweans are all over the world now like me, why can't they invest there themselves? Zimbabwe needs to sort its house first before it can host foreign investors. There are many issues that have been deliberately swept under the carpet. They need to come out and be sorted. There is issues of Bulawayo and Matebeleland based companies being relocated to Harare as a sabotage to the region perpetuated or reluctantly allowed by the government and its top officials. Where and when you are bullied into accepting what's obviously not suitable for you. There are arrests, torturing, beating and harassment of people. In Bulawayo politicians and people are denied their rights and charged with treason (that attracts a death penalty) for expressing their discontent in the way the country is run. There are many issues that cause instabilities and insecurities within the country that, if not properly addressed, will continue to cause divisions within and make investing very doubtful and practically impossible. How can one invest in that climate?
    The only possible and very viable investments at the moment, however, are in: restoration of democracy, rule of law, abolition of state sponsored political instability and intimidation, restoration of free and fair elections, devolution of power, enforcement of respect to other tribes, discontinuation of human abuse etc etc. Only then will investing in Zimbabwe be thought about let alone considered. I am saying this from experience and not hallucination like others.

    March 12, 2011 at 1:05 am |
  39. Lucia T.

    There is no reason for any investor to consider Zimbabwe for investment until the military junta running the country is dislodged. The country is ruled by the military junta, not Mugabe. Mugabe is nothing more than a miniature lapdog trained to growl on command by the junta in exchange for a cut of the loot. Talking about Mugabe or Tsvangirai or Ncube or anyone else is irrelevant and a distraction from the problems of instability due to the military junta. The military junta is focused on looting the country of diamonds and minerals so they are unlikely to leave voluntarily anytime soon. There is no shortage of business capital in Zimbabwe as China, Iran, North Korea and others are investing as the military junta is in support of those transactions.

    Sanctions are really not an issue and have no effect on Zimbabwe and unfortunately they don't stop the the people on the list from looting the country either. The people on the list are too clever when it comes to looting and finding ways of getting the loot out of the country.

    Targeted sanctions are a political statement. For some unfortunate reason, there is an assumption that several million Zimbabweans are not intelligent enough to see that their own situation is not affected by 120+ people's names being on a list. The assumption is that, because they are not intelligent enough to think on their own, that they must be told what to think. It's election season so it's a "sexy" political slogan to get votes and point fingers away from the real problems in Zimbabwe.

    We will maybe begin to have hope for the future when people stop talking about Mugabe and focus on the military junta running the country. Mugabe is just a lap-dog trained to growl on command by the junta in exchange for a cut of the loot... the junta tells Mugabe what to do and say (and not the reverse).

    For the few people benefiting from the military junta's operation of the govt, they know that if they don't growl on command from their masters in exchange for a cut of the loot, their lives will be finished because there is no way in today's Zimbabwe economy for them to make an honest living for them and their families. They depend on the loot for an "income" so why are we surprised when they are cornered and growl ferociously. We all know how a dog reacts when someone tries to take the bone from their mouth.

    Unfortunately, the looting will continue until the last diamond / mineral has been raped from the country and there is no longer any material reason for the military junta to continue to rule the country.

    One day Zimbabwe will be free and never become a ZANU-PF colony again....that will be when global investors will take a serious look at the investment stability and potential of Zimbabwe.

    March 25, 2011 at 7:22 pm |

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