Mugabes insane economic strategy continues.
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A law which was passed during 2007 - when parliament was still dominated by lawmakers loyal to President Robert Mugabe - and which requires white businessmen and women to cede control of their companies to black partners, comes into effect from March 1 2010. Immediately upon notice that this was to be implemented being given, Zimbabwean Prime Minister, Morgan Tsvangirai, moved swiftly to reject these new racist laws that will invariably cause irreparable harm to an already fragile economy : 'I am in charge of all policy formation in cabinet and neither myself nor the cabinet were shown these regulations before they were gazetted. They were published without due process as detailed in the constitution and are therefore null and void.' On Wednesday Mugabe countered by saying that his government's drive to transfer majority control of foreign-owned firms to local blacks was justified and that wise investors would continue to put money into the country...
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