president mugabe share trust1 23.11.11.pngThe Head of State and Government and Commander-in-Chief of the Zimbabwe Defence Forces, President Robert Mugabe has launched the Tongogara Community Share Trust at Unki Mine near Shurugwi, worth US$10 million.

The President said government is pleased with the 10% shares given to the community by Anglo-American Corporation as well as US$10 million.

Signatories to the trust are Chiefs Ndanga, Banga and Nhema.

He said through the indigenisation and empowerment programme, Zimbabweans can now embark on ventures such as mining, commercial enterprising and agriculture.

“There are people who say they [government] want to destroy the country through their policies of indigenisation, but what country is there if resources, which are the main source of a country’s wealth, fall in the hands of outsiders. We will be absolute idiots to continue to say ‘Pamberi na Zimbabwe, pamberi naZimbabwe’ [Forward with Zimbabwe, forward with Zimbabwe], when the resources are in the hands of foreigners,” said the President.

“The wealth must be exploited in the interests of our people, the counsumer of that wealth must be our people. Yes we must still have partners who want to work with us, and we will reward them but they should never claim to be the owners of our wealth,” added Cde Mugabe.

Cde Mugabe said under the programme, all foreign-owned companies are required to cede 51% control to the indigenous people.

Meanwhile, President Mugabe said all candidates who wish to represent Zanu PF at any level must come from the people as the imposition of candidates will not be tolerated.