Zim asset grab extended

Government has extended its asset grab
programme under the indigenisation laws to
include privately-owned educational institutions
including crèches, primary and secondary
schools as well as institutions of higher learning.
The new regulations are contained in a new
notice which was published by government last
The regulations say that schools with a net asset
of $1 must have a 51% indigenous ownership.
The Act defines an indigenous person as anyone
“disadvantaged by unfair discrimination on the
grounds of his or her race” before April 18,
1980, or the descendant of such a person.
This definition has been loosely interpreted by
Zanu PF to mean black people resulting in
government taking aim at white-controlled
Observers yesterday said the regulations were
aimed at trust-run private schools with multi-
racial students and elite suburban private
Indigenisation minister Saviour Kasukuwere has
now given the pre-schools, primary and
secondary schools, colleges and universities with
an asset value of $1 a year to comply with the
Empowerment Act.
According to the Government Gazette, the
indigenisation programme that initially targeted
mines, is now a blanket plan over all sectors of
the economy covering finance, tourism, arts and
entertainment, engineering and construction,
telecommunications and motor industry.
Kasukuwere has also targeted sports facilities
and sports clubs.
Minister of State in the Prime Minister’s Office
Jameson Timba, who is former chairman of the
62-member Association of Trust Schools, said
Kasukuwere’s move was regrettable.
“Those schools are owned by public trusts and
there are no shareholders.
“To that extent, there are no shares to alienate
or sell to anyone,” Timba said.
“In addition, all private schools in this country
are protected under Section 20 of the
Constitution of Zimbabwe which states that any
individual or religious group is permitted to
establish and maintain a school.”
Zanu PF-aligned businessman Temba Mliswa
and leader of a newly-formed empowerment
lobby group Zimbabwe Economic Empowerment
Council said he hoped government had consulted
widely before crafting the latest regulations-

Source: zimdiaspora.com/index.php?option=com_content&view=article&id=8766:from-farms-govt-now-grabbing-private-schools&catid=38:travel-tips&Itemid=18

Date: 2012-07-03

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