Tag: Indigenisation

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 […]

Acting President Mnangagwa speaks on indigenisation

Acting President Mnangagwa speaks on indigenisation

Government is committed to creating an environment that promotes investment as evidenced by the recent clarification of the Indigenisation and Economic Empowerment Act by President Mugabe. Acting President Mnangagwa made these remarks when he officially opened the Third Zimbabwe Accountants Conference in Harare today, saying investment would enable the country […]

Mugabe settles indigenisation row, burns Zhuwao’s fingers

Mugabe settles indigenisation row, burns Zhuwao’s fingers

President Robert Mugabe yesterday came out to clarify the government’s position on the indigenisation policy, and settled the dispute between Finance minister, Patrick Chinamasa and his Indigenisation counterpart Patrick Zhuwao. In a statement last night, Mugabe made it clear that Zhuwao’s role was merely to co-ordinate implementation of the legislation by […]

From indigenisation to empowerment

From indigenisation to empowerment

From indigenisation to empowerment: In his visit to South Africa in the 90’s the late Lee Kuan Yew, the Singaporean leader who took a poor tiny war ravaged outpost to become a world class economic giant, could not have put it better. He told an investment conference that the responsibility […]