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NewsDay

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Zanu PF leader threatens Indian businessmen

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ZANU PF Manicaland youths have threatened to grab Asian-run businesses in the province, accusing their proprietors of contributing to the cash crisis by not banking their daily cash receipts and shunning the use of plastic money.

ZANU PF Manicaland youths have threatened to grab Asian-run businesses in the province, accusing their proprietors of contributing to the cash crisis by not banking their daily cash receipts and shunning the use of plastic money.

BY KENNETH NYANGANI

The party’s provincial youth leader, Mubuso Chinguno told NewsDay yesterday that Indian business operators should reform or risk expropriation of their businesses.

“I am worried about the Indians, they own almost all businesses in Main Street in Mutare, Rusape, Chipinge and other areas yet population wise they don’t even reach 200, but they own most businesses,’’ he said.

“I understand they don’t want their buildings to be rented (Indians) and they are charging exorbitant rentals. Identify all Indian-owned shops, they don’t use plastic money, they don’t want to embrace plastic money and they don’t want to deposit their money.

“I think if we invade their houses, we will recover millions of dollars, they are causing the cash crisis in the province and country. There should be a way to deal with these Indians so that they embrace plastic money. They are not doing any good for the province. I think we are going to start a revolution in Manicaland, whereby we are going to kickout the Indians if they don’t reform, they need to bank money and embrace the plastic money.’’

The country is currently experiencing a crippling cash crisis as most banks are failing to meet depositors’ demands.

The Reserve Bank of Zimbabwe has since introduced daily withdrawal caps for individuals and companies.