Zimbabwe’s Mugabe Threatens Reprisals to U.S., U.K. Sanctions

Zimbabwean President Robert Mugabe threatened to target Western firms in a response to continued U.S. and U.K. sanctions against his country.

“They should not continue to harass us,” Mugabe told mourners attending the burial of a liberation war veteran in Harare today. “Time will come when we will say well, tit for tat, you hit me and I hit you.”

Mugabe last month extended his 33-year rule of the southern African country as his Zimbabwe African National Union-Patriotic Front secured a two-thirds parliamentary majority in elections that his rival Morgan Tsvangirai said were rigged. Mugabe has promised to persist with policy whereby miners such as Johannesburg-listed Impala Platinum Holdings Ltd. (IMP) and banks, including a unit of London-based Standard Chartered Plc (STAN), will be forced to accede majority stakes to locals.

To contact the reporter on this story: Godfrey Marawanyika in Harare at gmarawanyika@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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