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Respect property rights – Nkomo

Ngoni Chanakira

THE Acting Minister of Finance and Economic Development and Zanu PF national chairman John Nkomo says Zimbabweans need to respect property rights if they intend to lure international investor

s especially from the West.


Nkomo is also Minister of Special Affairs in the President’s Office in charge of Lands, Land Reform and Rural Resettlement.


He was Acting Finance minister while Herbert Murerwa was in Mauritius attending the Sadc meeting.


Nkomo’s sentiments, however, have raised eyebrows within the business community as they come at a time when the Zimbabwe government is being severely criticised for its disregard for property rights.


Ever since the controversial fast track land resettlement programme was introduced three years ago individuals have had their farms taken away using the much-hated Section 8 Notices.


“We need to continue respecting our property rights,” Nkomo told more than 30 business executives gathered at the Reserve Bank of Zimbabwe (RBZ) on Tuesday night. “We cannot receive investment if we do not have policies that attract the investors.”


RBZ governor Gideon Gono, who welcomed fund managers from Cazenove and Genesis Asset and Investment Management companies in the United Kingdom, hosted the event.


Nkomo was guest of honour.


The fund managers’ visit was a follow-up to Gono’s trip to the UK to market his “Homelink” programme.


In his monetary policy statement for the first quarter to March 31 Gono also touched on the sensitive property rights issue, saying there was disunity as a nation when it came to respecting laid down regulations.


“Land and factory capacity underutilisation, disunity among us as a nation, indiscipline and deliberate sabotage and disruption of productive land, factories, mines and tourism capacity will also undermine our efforts towards early revival of the economy,” Gono said in April.

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