Article

2007-11-21 Africa Subsaharan

Mugabe Regime to Grab 25 Percent Stake in Mining Firms

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Posted by Fred 2007-11-21 00:00|| || Front Page|| [11135 views ] Top

#1 Shameless. No economy to siphon taxes off of, so they had to go for the throat.

Posted by gorb 2007-11-21 01:33|| 2007-11-21 01:33|| Front Page Top

#2 Reminds me of a one-legged man hacking away at his sole remaining kneecap.

Posted by Zenster">Zenster 2007-11-21 06:20|| 2007-11-21 06:20|| Front Page Top

#3 "Jim, what happened to the bank?"
"Why Huck honey, that bank went bust!"

Posted by Thomas Woof 2007-11-21 08:30|| 2007-11-21 08:30|| Front Page Top

#4 Maybe the Zim economy ain't so bad, if there is still 25% of something to steal.

Posted by SteveS 2007-11-21 09:09|| 2007-11-21 09:09|| Front Page Top

#5 Mugabe will grab the mining properties, which will follow the farming industry into disaster. Then look around and see who will pick up the pieces - you will find them in Beijing. I suspect China is actually CAUSING ZimBob to do stuff like this, though senile fool that he is, he doesn't realize it.

Posted by Glenmore">Glenmore 2007-11-21 09:22|| 2007-11-21 09:22|| Front Page Top

#6 This would be a good time to shut the mines down for "re-tooling", when they come back there probably wont be a Bob to negotiate with.

Posted by bigjim-ky 2007-11-21 09:37|| 2007-11-21 09:37|| Front Page Top

#7 It worked for agriculture.

Posted by Nimble Spemble 2007-11-21 09:46|| 2007-11-21 09:46|| Front Page Top

#8 This will get him killed

Posted by RWV 2007-11-21 11:22|| 2007-11-21 11:22|| Front Page Top

#9 They aren't taking 25%- they want 51%, an absolute majority shareholding. 25% will be simply confiscated and 26% 'paid for' however Bob chooses. This in an economy where a can of baked beans now costs $1.2 million.
Bob is already using his control of foreign currency and the inflation to strangle the miners. This move is the same deal the farmers got. It's ours now. Piss off.
There is a lot of ruin in a country, as someone said. And there is still a lot of ruin left for Zimbabwe.

Posted by Grunter 2007-11-21 12:37|| 2007-11-21 12:37|| Front Page Top

#10 Ima just hoping Bob and Grace don't die of natural causes before they get the Ceausescu or Mussolini treatment

Posted by Frank G">Frank G 2007-11-21 21:01|| 2007-11-21 21:01|| Front Page Top

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