Zimbabwe’s tobacco sales marked by higher production

Zimbabwe’s tobacco sales marked by higher productionhttp://www.busrep.co.za/ February 16, 2010 Zimbabwe’s annual tobacco selling season began on an upbeat note Tuesday when a bumper crop went under the hammer, attributed by industry officials to good prices and more farmers. In all, 77 million kilograms (77 000 metric tonnes) of tobacco were sold, an increase from …

AAG vows to force foreign firms to comply

AAG vows to force foreign firms to complyhttp://www.thezimbabwetimes.com/?p=27365 February 16, 2010 By Our Correspondent HARARE – The Affirmative Action Group (AAG) has issued an ominous warning to foreign companies opposed to the controversial indigenization law , saying that the organization will assist the government to ensure compliance with the new legislation. The law prescribes that …

Indigenisation bill threatens investment conference

Indigenisation bill threatens investment conferencehttp://www.swradioafrica.com By Alex Bell16 February 2010 The controversial indigenisation bill which was published last week is threatening an investment conference currently underway in Harare, with sceptical delegates questioning Zimbabwe as a safe investment zone. The Pan-African Tourism and Infrastructure Investment conference which got under way on Tuesday, has been labelled as …

Farmers to challenge High Court dismissal of SADC land ruling

Farmers to challenge High Court dismissal of SADC land ruling  http://www.swradioafrica.com  By Alex Bell  09 February 2010  Zimbabwe’s commercial farmers are once again set to approach the human  rights court of the Southern African Development Community (SADC) to  challenge the dismissal of a landmark SADC ruling on the land ‘reform’ programme.  In a ruling that came …

We’re not here to punish Harare: CITES chief

We’re not here to punish Harare: CITES chiefhttp://www.zimonline.co.za/ by Own Correspondent Thursday 11 February 2010 HARARE – CITES secretary general Willem Wijnstekers on Wednesday said his visit to Zimbabwe is meant to help rather than punish Harare, as he began his official business in the southern African country. The Convention on International Trade in Endangered …

Farmers seek Tribunal ruling on compensation

Farmers seek Tribunal ruling on compensationhttp://www.zimonline.co.za by Clara Smith Thursday 11 February 2010 HARARE – Zimbabwe’s embattled white commercial farmers will ask the SADC Tribunal to set guidelines on calculation of compensation due to farmers for land lost under President Robert Mugabe’s farm redistribution programme that the regional court has ruled illegal. The Southern African …

Business wants empowerment laws shelved

Business wants empowerment laws shelvedhttp://www.zimonline.co.za/ by Own Correspondent Thursday 11 February 2010 HARARE – Zimbabwe business leaders say they will ask the government to shelve implementing new empowerment regulations compelling foreign-owned firms to cede controlling stake to locals to allow more consultations on the matter. The Indigenisation and Empowerment Ministry on Tuesday announced through state …

BIZ Bulletin November 2009

BIZ Bulletin November 2009(1)    Suppl. Business Information Zimbabwe Prepared 12th November 2009    IndigenisationIn previous bulletins in this series, most recently on page 3 of the October 2009(1) bulletin sent to you on 5th October, we summarized the four limited circumstances in which the authorities might insist on 51% ‘indigenisation’.    For the record, indigenisation is …

Black Zimbabweans to take control of white-owned companies

  From The Daily Telegraph (UK), 10 February Black Zimbabweans to take control of white-owned companies   By Peta Thornycroft in Harare and Sebastien Berger   White-owned companies in Zimbabwe are to be forced to hand majority control to black businessmen in a move that could lead to chaos rivalling the seizure of the country’s …

Zimbabwe Indigenisation Regulations Gazetted

The Herald Published by the government of Zimbabwe Zimbabwe: Indigenisation Regulations Gazetted Fanuel Kangondo 10 February 2010 Harare — Government has gazetted the Indigenisation and Economic Empowerment (General) Regulations 2010, which spell out the country’s indigenisation policy and take effect on March 1 this year.   The regulations’ main objective is to achieve 51 percent …