ABSTRACT
After 2000 Zimbabwe witnessed a radical policy shift where expropriation policies replaced the 1980s social welfare and the 1990s neoliberal policies. Concerning capital restructuring, policy instruments changed from voluntary to compulsory. These policies attracted disdain from the broader international community with severe consequences on international and domestic capital. While focusing on indigenisation policy in the extractive industry, this chapter employs the political settlement framework to argue that the policy shift enables regime reproduction, elite personal accumulation and settling scores with the sanction imposers. Although the adopted redistributive policy regime may be deemed appropriate considering the resurgence of resource nationalism meta-narrative, the negative consequences of the shift seem to outweigh the benefits. The chapter recommends ways to reduce excesses, vulnerabilities and exposures.
