Tag: Indigenisation

‘No softening on indigenisation’

‘No softening on indigenisation’

PRESIDENT Mugabe has set 2016 as the deadline for all foreign- owned companies to submit their empowerment proposals, saying Government will not tolerate any actions by firms that continue to defy the Indigenisation and Economic Empowerment Act. Officially closing the 15th Annual National People’s Conference in Victoria Falls last Saturday, President Mugabe […]

Mugabe rules out exception for foreign firms

Mugabe rules out exception for foreign firms

ZIMBABWEAN President Robert Mugabe said Sunday that no sector would be spared from the indigenisation law, quashing media reports that platinum miners could be exempted from the rule if they establish a refinery. Zimbabwe’s law enacted in 2010 requires foreign businesses operating in the country to cede at least 51 percent […]