Zim empowerment law must respect property rights – IMF

by ...Indigenisation (archives)Posted on No Comments

Zim empowerment law must ‘respect property rights’ http://mg.co.za/ HARARE, ZIMBABWE – Apr 05 2011 12:55 The International Monetary Fund (IMF) on Tuesday urged Zimbabwe to respect private property rights as it implements a new law forcing foreign companies to sell majority shares to locals. “Alignment of indigenisation and empowerment objectives with respect for private property rights and the …

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Zimbabwe faces large financing gap in 2011 – IMF

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Zimbabwe faces large financing gap in 2011: IMF http://af.reuters.com/ Tue Apr 5, 2011 6:05am GMT WASHINGTON (Reuters) – The International Monetary Fund on Monday warned that Zimbabwe faced a significant budget financing gap this year amid a highly uncertain economic outlook, making clear it was not about to resume lending to the southern African country. In a statement …

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Courts chaos as magistrates strike

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Courts chaos as magistrates strike http://www.newzimbabwe.com 04/04/2011 00:00:00 by Lindie Whiz ZIMBABWE’S court system ground to a halt on Monday as magistrates went on strike pressing for better pay. Magistrates currently earn between US$206 and US$300 but they want the lowest paid magistrate on US$1,000 per month, rising to US$3,300 for the Chief Magistrate. The Zimbabwe Magistrates’ Association …

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SADC leaders cited in landmark Zim legal case

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SADC leaders cited in landmark Zim legal case http://www.swradioafrica.com By Alex Bell04 April 2011 All 15 leaders in the Southern African Development Community (SADC) have been cited as respondents in a landmark legal case, launched by Zimbabwean farmers. The application, made to the SADC Tribunal last week, is the first time in legal history that a group of …

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Law silent on payment for 51% mining shares

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Law silent on payment for 51% mining shares http://www.thezimbabwean.co.uk Written by Staff ReporterSaturday, 02 April 2011 13:41Govt must see sense – Chamber of Mines HARARE – Zimbabwe’s mining companies have complained that the Indigenisation plan that aims to transfer majority control of foreign mining firms to locals was silent on how payment was to be made – …

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World Bank upbeat on Zim recovery

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World Bank upbeat on Zim recovery http://www.thestandard.co.zw/ Sunday, 03 April 2011 13:49 BY KUDZAI CHIMHANGWA THE World Bank says it is upbeat about Zimbabwe’s economic future after the inclusive government adopted a strategy to reduce its US$7 billion arrears to international lenders.“Zimbabwe has adopted a hybrid strategy to cover its debts and we at the bank are confident …

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Wives camp at auction floors

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Tobacco selling season: Wives camp at auction floors http://www.thestandard.co.zw/ Sunday, 03 April 2011 14:07 BY PATIENCE NYANGOVE AS the tobacco selling season gains momentum many women whose families grow the golden leaf have decided to follow their husbands to the auction floors to ensure that their spouses do not squander the money on booze and commercial sex workers. …

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Zim empowerment plans worry IMF

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Zim empowerment plan worries IMF http://www.zimonline.co.za by Tobias Manyuchi     Saturday 02 April 2011SAVIOUR KASUKUWERE . . . Indigenisation Minister HARARE – The International Monetary Fund (IMF) has raised concern at Zimbabwe’s controversial drive to force foreign-owned mining firms to sell majority stake to local blacks, ZimOnline learnt on Friday. Government officials said an IMF team that left …

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