Browsing by Author "Marazanye, Kudakwashe"

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    An Analysis Of Indigenisation And Economic Empowerment In Zimbabwe.
    (Stellenbosch : Stellenbosch University, 2016-12) Marazanye, Kudakwashe; Burger, Johan; Stellenbosch University. Faculty of Economic and Management Sciences: School of Public Leadership.
    ENGLISH SUMMARY : Zimbabwe’s Indigenisation and Economic Empowerment Programme, (IEEP), is one of similar programmes implemented by most former colonies meant to address socioeconomic inequalities. It falls within the same category as economic nationalism, which is also popular in Third World countries which are endowed with abundant natural resources. The IEEP has courted a lot of controversy with opponents arguing that the programme is a populist one which will destroy the economy in the same way Zimbabwe’s land reform before it did. However, the government of Zimbabwe touts the programme as a major pillar of poverty reduction in the country. For empowerment programmes in the mould of the IEEP to reduce poverty, they need to be broad-based and avoid elite empowerment. This research sought to unpack the IEEP, and inquire into the possible impediments to the success of the IEEP. The research also sought to find out how other countries had implemented and fared in the implementation of similar programmes. Ultimately, the research sought to discover conditions necessary for the success of programmes such as the IEEP and make recommendations for the adoption of such conditions for the success of Zimbabwe’s IEEP. The findings reveal that generic empowerment programmes like the IEEP, are indeed necessary in former colonies like Zimbabwe to address inherited socio-economic inequalities which may pose a threat to social stability if left unattended. However Zimbabwe’s IEEP in its current form may not succeed in its aims. It is the conclusion of the research that the IEEP is not comprehensive enough, has too short an implementation time frame, among other weaknesses which may militate against its success. Using the experiences of the implementation of empowerment programmes elsewhere, the research makes recommendations on how the programme and its manner of implementation can be improved upon if the programme is to achieve its stated objectives. The recommendations mainly relate to lowering the indigenisation targets, attracting FDI, getting the buy-in of all stakeholders among other recommendations.