Tag: Indigenisation

Mugabe, Zimbabwe to soften controversial foreign company law

Mugabe, Zimbabwe to soften controversial foreign company law

Zimbabwean President Robert Mugabe has announced plans to water down a contentious law obliging foreign companies to hand over most of their shares to black Zimbabweans. The “indigenisation law” has been blamed for choking off investment. It has never been fully implemented and Mr Mugabe has previously said many sectors […]

Min Chinamasa denies son ‘stole’ $7m

Min Chinamasa denies son ‘stole’ $7m

Min Chinamasa denies son ‘stole’ $7m: FINANCE Minister Patrick Chinamasa has demanded a stop to the “onslaught on his character and reputation”. He insisted that he will not brook any intimidation as he pursues “economic reforms within the context of government’s economic blue print”. The treasury chief has faced criticism […]

We don’t eat slogans: Workers

We don’t eat slogans: Workers

We don’t eat slogans: Workers: With Zimbabweans joining the rest of the world in marking Workers Day, the Zimbabwe Federation of Trade Unions (ZFTU) — which is closely linked to Zanu PF — says workers do not eat political slogans but rather want government to offer solutions to revive the […]

China’s pain over Zim’s indigenisation plan

China’s pain over Zim’s indigenisation plan

China’s pain over Zim’s indigenisation plan: ZIMBABWE clamped down with the enforcement of its controversial indigenization law—requiring foreign companies with assets of more than $500,000 to transfer or sell 51 percent stake to indigenous Zimbabweans this month. The deadline of April 1 had been set earlier in March in accordance with […]