HomeCommentCandid Comment: Indigenisation — Problem lies with none but ourselves

Candid Comment: Indigenisation — Problem lies with none but ourselves

Well, why didn’t the Empowerment ministry buy the stake that has now been bought by GEM? Surely, if they had injected capital, there would be no qualms in future about their involvement. This indigenisation grandstanding sometimes gets to be too much.

If we are going to go indigenous, let it be all the way then and have nothing to do with our Caucasian counterparts. For instance, if you go the Black American lobby, theywill tell you that black women ought to boycott Dark and Lovely products because they were apparently invented by a family of brutal slave traders.

Using black slave women as guinea pigs, Dark and Lovely had unfettered experiments towards products that could “improve” African women, by making their hair straight as that of their white counterparts  or making their skin colour closer to that of their white colleagues.

In fact, there would be no reason why black people should bank with Barclays, because John Barclay, the founder of the bank, made his fortune from selling black slaves and with the piles of cash he was sitting on from this lucrative business, started lending European merchants and any other who were interested in doing business to the New World.

The same people proudly wear Tommy Hilfiger products, whose owner is prejudiced against black people, should not wear them because they are not human. It is very interesting that people can easily get sidetracked with the irrelevant.

What is clear in the case of Zimbabwe is that we have never followed the doctor’s orders insofar as sorting out our economy and therefore have been bound to be ill and then go on a witch-hunt seeking those who cursed us. Yet we brought this on ourselves.

And as previously noted, the West, the IMF and World Bank are normally our scapegoats. But like them or hate them, the Bretton Woods institutions have been fairly accurate in their assessment of economies and the routes those economies ought to take to get out of their quagmires.

In Zimbabwe’s case, most of the scenarios they predicted for the country’s economy during last year’s Article IV Consultations were fairly accurate.

For instance, long before we saw tell-tale signs of a liquidity crisis in the country, the IMF had predicted it. In the consultations the fund commented that liquidity risks in the local banking sector were rising. It pointed out that liquid foreign assets had declined and stressed some banks were facing tight liquidity, ie, the ratio of liquid assets to short-term liabilities.

Doctors’ orders are by their nature not pleasant and prescriptions may even be worse.

Men in general, and particularly those of African descent, have what seems to be innate dislike for medicine.

How many times do you learn that a male patient exhibited symptoms for an ailment long ago, ignored or neglected them and by the time they sought help, drastic steps had to be taken.

On the other hand, men may view women as hypochondriacs who shoot off to the doctor at the slightest symptom. But if you consider that on average women outlive men, isn’t this hyponchondria justified?

The truth is the IMFs and World Banks of this world are organisatons not only governments but also myriads of independent economic organisatons would love to hate but really the problem is with none but ourselves.

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