Politburo to endorse company seizures

HARARE – The Zanu PF supreme decision making body, the Politburo, will convene a special meeting on Wednesday to officially endorse the anti-sanctions campaign which seeks to seize companies owned by Europeans and Americans.\r\n

President Robert Mugabe is expected to chair the extra-ordinary session which comes at a time the country is hosting a two-day investment conference involving prospective European investors.

“We will hold an extra-ordinary session of the Politburo at the party headquarters to see how best we can respond to his Excellency’ speech at last week’s rally,” a senior Zanu PF official told the Daily News.

“The session will give members of the Politburo an opportunity to assess and respond to the measures that the party wants implemented in retaliation to the sanctions imposed by the European Union and the United States.”

The extra-ordinary session comes hard on the heels of a massive rally in Harare last week at which Mugabe launched the campaign against sanctions by the US and the EU.

The anti- sanctions drive has targeted two million signatures in all the 10 provinces to give the liberation movement the momentum to annex the foreign-owned firms.

Mugabe was left seething with anger by the EU’s decision to extend an asset freeze, economic embargo and travel bans against his allies in February.

The EU extended by another 12 months personal sanctions against the Zanu PF leader and his colleagues.

It lifted restrictions against 35 people, mainly spouses of the party’s bigwigs in a move which left Mugabe in a rage.

Both the EU and the US said they imposed sanctions to force Zanu PF to respect the rule of law, human rights and end political violence against opponents.

“After the escalation of political violence related to the elections in 2002, the EU decided to introduce measures against Zimbabwe’s ruling Zanu PF party as a means to put pressure on those considered responsible. These measures have been renewed each year since 2002,” the EU said.

“The establishment of a Government of National Unity in 2009 triggered a re-engagement process between the Government of Zimbabwe and the EU,” the EU said on Sunday. – Daily News