Commercial Farmers' Union of Zimbabwe
Stocks fall as govt ups empowerment drive http://www.theindependent.co.zw/ Thursday, 13 October 2011 15:36 Reginald Sherekete STOCKS fell significantly in the third quarter in the wake of heightened indigenisation threats by government, which dampened investor confidence and sentiment. The key industrial index shed 6,80% to close at 155,82 with the mining index plummeting 11,03% to close the quarter to …
Miner sues for $500m http://www.timeslive.co.za/ SUNDAY TIMES CORRESPONDENT | 09 October, 2011 02:13 South Africa-based Amari Platinum, whose joint mining ventures in Zimbabwe were cancelled by the Ministry of Mines in controversial circumstances last year, is suing the government for a whopping $500-million for breach of contract at the International Court in Paris. The broke inclusive government is …
Empowerment rules: Zim to set up equity fund http://www.thestandard.co.zw/ Sunday, 11 September 2011 15:54 BY NDAMU SANDUZIMBABWE is set to establish a Sovereign Wealth Fund (SWF) to hold shares in various entities acquired by the government under the empowerment legislation signifying its intentions to move ahead with the programme that has rattled foreign investors. The move comes after …
Crisis Looming As Company Takeover Kickstarts http://www.radiovop.com Harare, August 23, 2011- The government has started issuing withdrawal licences to companies that failed to comply with the controversial black empowerment laws that analysts dismiss as legalised thievery by the governing coalition partner, Zanu (PF). Radio VOP has it in high authority that Harare adminstration has started writing to a number …
Zimbabwe Lawmakers Reject ‘Indigenization’ Regulations http://www.voanews.com/ August 10, 2011 Peta Thornycroft | Johannesburg Zimbabwe’s President Robert Mugabe has long pushed for all foreign and locally-owned companies to be at least 51 percent owned by black Zimbabweans. But legislation to advance that goal is having a hard time getting through the country’s legislature. A multiparty legal committee has rejected draft …
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Indigenisation policy: More questions than answers http://www.theindependent.co.zw/ Thursday, 04 August 2011 17:41 Happiness Zengeni WITH essential issues still on the table as the September deadline for the submission of indigenisation proposals approaches, the Youth Development, Indigenisation and Economic Empowerment ministry is yet to give a clear outline on the implementation of the policy, particularly on the composition of the …
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Gono pushes indigenisation re-think http://www.newzimbabwe.com/ 01/08/2011 00:00:00 by Gideon Gono, RBZ Governor Below is the statement presented by RBZ governor, Gideon Gono on the country’s indigenisation programme. The statement was a supplement to his July 2011 Monetary Policy Review. Gono suggests an alternative approach which, he argues, would benefit more of the country’s majority poor. THE issue of …
Indigenisation hijacked: Gono http://www.dailynews.co.zw By Thelma Chikwanha, Community Affairs EditorThursday, 28 July 2011 16:02 HARARE – Reserve Bank Governor Gideon Gono still stands by his 2007 statement on indigenisation saying the there was need to strike a balance between the objectives of indigenisation and the need to attract investment, a development which could set him for a collision …
Kasukuwere censured again http://www.financialgazette.co.zw Friday, 22 July 2011 16:52 Clemence Manyukwe, Political Editor PARLIAMENT has censured Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere over controversial directives to foreign-owned companies, which the legislators said contravened the country’s Constitution. The Parliamentary Legal Com-mittee (PLC) noted that some of Kasukuwere’s directives dealt with issues outside his jurisdiction.In an adverse report tabled …
Government Rejects Local Equity Stakes Proposed by Mining Firms http://www.voanews.com 07 July 2011 Parliamentary Legal Committee Chairman Shepherd Mushonga of the Movement for Democratic Change said lawmakers will not let the ZANU-PF side of the unity government start grabbing mining companies Gibbs Dube | Washington Zimbabwean Indigenization Minister Saviour Kasukuwere says Harare has rejected equity quotas of up …
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