Mugabe’s planned "indigenization" will not help Zimbabwe

It has been a few weeks since the disputed elections in Zimbabwe, where the long standing President Robert Mugabe won a landslide victory over his main rival Morgan Tsvangirai in the nation's presidential election. On top of retaining power, Mugabe’s party Zanu-PF won two thirds of the seats in the parliament, giving him and his party majority rule and the legal right to change the constitution. Although, Mr Tsvangirai’s opposition party Movement for Democratic Change (MDC) have taken the election  result to the constitutional court, as they argue of widespread election fraud.

As the decision to make the election result legitimate or demand are re-election still in the hands of the court, President Magabe has come out earlier this and stated that he will carry on with the plan to make all companies in the country be under the control of the black Zimbabweans. As with the taking over of white farms and given to the black population, the economic control over many foreign or local companies was a major campaign issue supported by many rural Zimbabweans, where much of Magabe’s support comes from.

This policy of "indigenization" I think will have major effects of the stability in Zimbabwe, both economically and socially. Forced eviction of white farmers and companies owned by the white population will further cripple the economy. Also as many companies, especially in the mining industry are owned by foreign firms, this policy of making them be under the control of black Zimbabweans could drive existing and future investment away from the country, as investors may be frightened because of an ant-white agenda impacting their business interests, which would not help improve the poor economy or the standard of living of the people in the long run. In stead of committing the same offences as the former British rulers, and then the white rule under Cecil Rhodes, where land was taken from the black indigenous population and given to the colonizers, the government should work with the white owned companies and farms to improve economic stability and assist in empowering the black population through education, rather then racial alienation.