Whilst debate is raging on the political front, we need to focus also on other possible avenues that can lead to our economic empowerment and economic emancipation. Asifundeni kwezinye izizwe ezifana lathi ukuthi singenzani kwezomnotho. I think the Jews provide the best example. They got to the US and tightened their grip on the New York Stock Exchange. Today these people are the most influential in US policy making through their financial clout. In South Africa it is the same. In Zim think of the likes of Eric Bloch. Think of the former owners of G & D (the Shoe company).
In a nutshell, I have identified a couple of very practical ways that our people can venture into as a way of self-empowerment economically.
1)Investment in shares
A monthly purchase of shares in Zim blue chip companies at US$100 (56 Pounds) over a period of time by our people can result in us becoming majority shareholders in most of these strategic companies. For example, let's say Hunyani Holdings has issued 100 000 shares at Zim$1000 per share. That results in total share capital of Z$100 000 000. Now if we buy up to Z$75 000 000 of that total share capital, we become majority shareholders owning a staggering 75% of the company. We can do this on a number of companies that are listed on the Zim Stock Exchange. Let's say the total capitalisation (all listed shares) of the Zim Stock Exchange is Z$100 Billion, and we buy up to half of that figure, this means out of all economic and financial transactions that occur in Zim, we will be having a 50% share. I can tell you gentlemen at that level of shareholding we would have tightened our grip on the economy of the country.
The question which obviously arises is what are the other benefits of shareholding.
Benefits Of buying shares
* You literally become the owner of the company up to the level of your shareholding
*You can serve as a director in the company
*You have a say in the running of the company
*Gvt has to consult you on policy decisions
*You receive an annual (or biannual) earnings per share (eg if you have 10 000 shares, and the company declares Z$1000 per share, it translates to Z$10 million per year coming to your pockets)
*You also receive dividends per share, which could amount to say Z$5 million using the above example substituting Z$500 Z$1000.
*This is life time investment unless you decide to sell your shareholding.
*You can bequeath your investment to your children(ungabatshiyela ilifa)
*You receive annual financial statements of the company which detail all the transactions during the year.
How & where do I buy these shares?
Gents kindly go to the Zim Stock Exchange website on www.zse.co.zw
You can contact any registered stock broker to do the job for you(note they are all listed on the website)
Any other empowerment avenues?
Yes. You can also invest in real estate portfolios. This is basically buying a portfolio of assets (eg izindlu ezintathu) and renting them out.
Benefits of this?
*The price of your properties appreciates (increases above inflation)
*You derive a monthly rental fees from your tenents
*You become a part owner of your city or town.
*Its a life time investment (uze utshiyele abantwana bakho ilifa)
Ngizoyitshiya lapha lindaba bafowethu sihluze ingqondo.
May i point out that it is crucial that one needs to have a bank account KwaMthwakazi to be able to do these transactions to avoid this Gono induced forex scare.