SA-based patriots have lofty economic ambitions for Zimbabwe

SA-based patriots have lofty economic ambitions for Zimbabwe
Published: 13 June 2018 (326 Views)
IN December last year, a month after taking over the reins from longtime leader Robert Mugabe, Zimbabwean President Emmerson Mnangagwa visited South Africa to woo investors.

After meeting Zimbabweans residing in the neighbouring country, he implored his compatriots in the Diaspora to assist their country to recover from 37 years of bad governance.

A grouping of ambitious South African-based Zimbabweans have heeded the call by forming an organisation that seeks to help turn around the fortunes of the country's macro-economy within the coming ten years.

The Global Association of Zimbabwe Entrepreneurs (GAZE) hopes to achieve this by inculcating a culture of self-confidence, innovativeness and enterprise amongst Zimbabwean people.

"We aim to take advantage of our substantial education system and the central government's indigenisation drive to support our local business people through the promotion of their products or services to meet international standards," Thando Ncube, Director of GAZE, said in an interview with CAJ News Africa.

Ncube said they aimed to revitalise the Zimbabwe economy so it could make an impact in the world through trade in the same manner as China and India.

Particularly, China, Asian countries are powerhouses in technology.

"Within the framework of our ten-year plan we wish to see a situation whereby Zimbabwe starts exporting quality products fully made and packaged in Zimbabwe such as motorcycles, cars, cellphones, radios, DVDs, computers and aeroplanes," Ncube said of his organisation's lofty ambitions.

While their plan might seem supercilious, Ncube feels it is attainable with focus and dedication.

"Our concept seems almost impossible but with the right frame of mind and attitude, Zimbabwe can become the first African country to advance to such a stature in economic growth," argued Ncube.

"I was looking at the Indian economy. It was in shambles 30 years ago but they managed to turn it around. For example, Tata Indica and Mahindra (automobile firms) are brands that are the pride of India. In 2013, Tata Indica was one of the highest-selling hatchback vehicles in the motor industry," he added.

Ncube deplored a lack of unity among Zimbabweans in the Diaspora.

"I wish they can emulate Ethiopians, who have pulled their resources to empower one another. That's why they top the list of Africa's millionaires."

GAZE is registered as a non-profit organisation (NPO) with South Africa's Department of Social Development but hit some bumps during the registration process.

"Our first application was rejected by government (South Africa), which suggested since our policy was to effect policy through the central bank, it will be important to involve South Africans into the board to form a quorum. We did that and gave locals a 51-percent stake as in the broad-based economic empowerment (BBEE)," Ncube said.

Ncube, who used to work for the Zimbabwe's Small and Medium Enterprise (SME) ministry, and said the stint showed him the extent of the country's entrepreneurial spirit.

"However that is only possible with government support," Ncube added.

Unofficial figures indicate of the number of Zimbabwean migrants in South Africa, since 2000, range from one million to three and half million.

Ncube believes the country can use this brain drain to its advantage by tapping into the knowledge gained by its citizens over the years out of the country.

Zimbabweans are usually held in high regard outside the country for their resourcefulness.

"Zimbabwe has lost a lot in terms of brain drain. However, we can turn this around by embracing new technologies as the world move into a digital fourth industrial revolution," Ncube equipped.

GAZE believes home-grown solutions are key to the resuscitation of the country.

"I am quite sure that each and every Zimbabwean is now fully aware of the impact of relying too much on foreign direct investment, either from the East or the West," Ncube argued.

He acknowledged the great contribution by some indigenous Zimbabweans.

"Significant trends have been made in money markets, which have seen young black Zimbabweans running asset management firms and commercial banks. The same applies to the communications sector and media. These daring captains of industry include Professor Mthuli Ncube and Dr Nigel Chanakira, only to mention a few."

According to GAZE, given Zimbabwe's national population density (41,7 people per square kilometre, total population of 14 million people), demographics indicate Zimbabwe is overpopulated compared to first world cities like Tokyo (Japan) with 31,5 million people; New York (United States) 19,5 million and Seoul (South Korea) 25,2 million.

"This is a serious indicator of slow infrastructural development in our country, among other issues," Ncube said.

He said high rates of unemployment, estimated at over 90 percent, also exacerbated matters.

"Henceforth, the onus is upon us to take the destiny of Zimbabwe very seriously by investing heavily in all sectors of industry and commerce. Who knows, maybe in the next decade, Zimbabwe could send its own crew to outer space to erect its own space satellite," Ncube concluded.


- CAJ News

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Man breaks leg, arm in suicide bid

by Staff reporter | 22 October 2018 | 78 Views

Chiwenga threatens Chiwenga

by ZimLive | 22 October 2018 | 134 Views

RBZ captured by black market forex dealers, says Lumumba

by Staff reporter | 22 October 2018 | 106 Views

Mthuli Ncube's 2% tax court challenge dismissed

by Staff reporter | 22 October 2018 | 71 Views

Soldiers robbed

by Staff reporter | 22 October 2018 | 92 Views

P0rn stars not fit to be employed in govt offices - Ruhanya

by Stephen Jakes | 22 October 2018 | 81 Views

Wadyajena blasts Modi, Mthuli for indicating right while turning left

by Stephen Jakes | 22 October 2018 | 102 Views

MDC hijacked by dictators - Mpofu

by Stephen Jakes | 22 October 2018 | 82 Views

Chamisa 'Pfee' in fuel queue

by Stephen Jakes | 22 October 2018 | 69 Views

Of prophets-cum-political activists

by Nicole Hondo | 22 October 2018 | 45 Views

Mthuli Ncube should prioritise MDC MPs, says Mliswa

by Staff reporter | 22 October 2018 | 63 Views

Zifa complicit in Dembare disgrace!

by Staff reporter | 22 October 2018 | 70 Views

Minister voices concern over Lumumba appointment

by Staff reporter | 22 October 2018 | 65 Views

Birds of a feather, Mthuli Ncube flock with Lumumba?

by Staff reporter | 22 October 2018 | 55 Views

Political lessons from the village

by Anthony Mkondo | 22 October 2018 | 52 Views

PHOTOS: Black market cooking oil dealer in kombi crash

by Simbarashe Sithole | 22 October 2018 | 360 Views

Zimbabwean 'Ninja' honoured in Italy

by Agencies | 22 October 2018 | 120 Views

Mnangagwa's patience with Mangudya wearing thin

by Staff reporter | 22 October 2018 | 251 Views

Zimbabwe 'soldiers' invade shops, impose own prices

by newzimbabwe | 22 October 2018 | 269 Views

My question to Finance Minister - I smell a rat!

by Isaac Nkomah | 22 October 2018 | 179 Views

United Methodist Church embarks on clean-up campaign in Mvurwi

by Simbarashe Sithole | 22 October 2018 | 94 Views

Why Mnangagwa doesn't have the answers

by Robert Rotberg, Harvard University | 22 October 2018 | 181 Views

Luxury cars for ex-Mugabe loyalists

by Staff reporter | 22 October 2018 | 160 Views

Mnangagwa's Cabinet: The skeletons are tumbling

by Tawanda Majoni | 22 October 2018 | 205 Views

Guruve vendors denounce local council

by Simbarashe Sithole | 22 October 2018 | 99 Views

Chiwenga goes down memory lane

by Staff reporter | 22 October 2018 | 156 Views

Army calls for 'ceasefire' in machete attacks

by Staff reporter | 22 October 2018 | 131 Views

Zanu-PF to crack whip on errant members

by Staff reporter | 22 October 2018 | 96 Views

Zanu-PF, MDC Alliance to square off again

by Staff reporter | 22 October 2018 | 127 Views

'Stolen $90,000 belonged to Sandra Ndebele'

by staff reporter | 22 October 2018 | 134 Views

Mthuli Ncube defends RBZ

by Staff reporter | 22 October 2018 | 143 Views

Zimbabwe fuel usage up 100%?

by Staff reporter | 22 October 2018 | 89 Views

Man arrested over gun salute for dad

by Staff reporter | 22 October 2018 | 122 Views

Hookers descend on Beitbridge

by Staff reporter | 22 October 2018 | 99 Views