Zimbabwe says it will pay for foreign firms

Zimbabwe says it will pay for foreign firms http://af.reuters.com/ Thu Jul 7, 2011 8:14pm GMT * Destitute country doesn’t have funds for plans, analysts * Foreign investors losing confidence By MacDonald Dzirutwe HARARE, July 7 (Reuters) – Foreign companies in Zimbabwe will not be seized but bought out under a black economic empowerment scheme sponsored by President …

“Racketeering by regulation,” Indig Act unconstitutional – RAU

“Racketeering by regulation,” Indig Act unconstitutional – RAU http://www.thezimbabwean.co.uk/ The legal validity of the indigenisation legislation plan that aims to transfer the majority control of foreign mining firms to locals is open to legal challenge on many fronts.23.06.1103:09pmChief Reporter The relevant act could be unconstitutional in several ways, says a report released last week by the Research and …

Minister’s ‘absurd’ proposals flung out of parliament

Minister’s ‘absurd’ proposals flung out of parliament http://www.swradioafrica.com by Irene Madongo21 June 2011 Indigenisation Minister Saviour Kasukuwere has been forced to eat humble pie after his ‘absurd’ proposals to radicalise indigenisation laws were flung out of parliament, a legislator has explained. The ZANU PF minister has now accepted that they went overboard and will have to come up …

Indigenization regulations “absurd” says Zimbabwe’s parliament

Indigenization regulations “absurd” says Zimbabwe’s parliament http://www.monstersandcritics.com Jun 10, 2011, 15:07 GMT Harare – The Zimbabwean parliament declared Friday that regulations seeking to nationalize foreign-owned companies were ‘unconstitutional, unreasonable and absurd,’ and called for them to be repealed or revised. The law, which would force all foreign-owned companies to cede their majority stake to black Zimbabweans, was proposed …

Indigenization Minister Kasukuwere owns nine farms

Indigenization Minister Kasukuwere owns nine farms   http://www.swradioafrica.com By Lance Guma07 June 2011 Every Tuesday SW Radio Africa investigates unsolved and deliberately ignored cases of political violence, torture, murder and other forms of abuse, by people in positions of authority. The series is receiving tremendous public support and information and the coming weeks are set …

BEE law: ‘Failure to comply will lead to sanctions’

BEE law: ‘Failure to comply will lead to sanctions’ http://www.theindependent.co.zw/ Friday, 20 May 2011 10:16 By Nqobile Bhebhe YOUTH Development, Indigenisation and Empowerment minister Saviour Kasukuwere said the government would not hesitate to impose punitive measures against foreign-owned firms which failed to meet the deadline to comply with the controversial empowerment law. Kasukuwere revealed that non-compliant firms would …

Indigenisation not about expropriation

Indigenisation not about expropriation http://www.dailynews.co.zw/ By EditorSunday, 08 May 2011 15:15 HARARE – Zimbabwean Prime Minister Morgan Tsvangirai yesterday voiced support for his country’s controversial indigenisation policy, which stipulates that locals should own at least 51 percent of the shares in foreign companies. “Indigenisation is not about expropriation or nationalisation … it’s about setting fair value,” he said at …

Tsvangirai Opts For Indigenisation

Tsvangirai Opts For Indigenisation http://www.radiovop.com/ 07/05/2011 17:39:00 JOHANNESBURG, May 07, 2011- Zimbabwe MDC leader says at World Economic Forum he supports indigenisation policy that stipulates locals own 51% of the shares in foreign companies ZIMBABWEAN Prime Minister Morgan Tsvangirai yesterday voiced support for his country’s controversial indigenisation policy, which stipulates that locals should own at least 51% of the …

Six Zim Mines Respond To Controversial Indigenisation Proposals

Six Zim Mines Respond To Controversial Indigenisation Proposals http://www.radiovop.com 03/05/2011 17:05:00 Harare, May 03, 2011 – At least six mining companies have told the Minister of Indigenisation and Employment Creation their indigenisation plans as they gear towards “change”, Saviour Kasukuwere, has confirmed. In an interview with Radio VOP, Kasukuwere, clad in a cap and T-shirt in his office, …

Indigenisation: ‘Robbing Peter to pay Chamunorwa’

Indigenisation: ‘Robbing Peter to pay Chamunorwa’ http://www.theindependent.co.zw/ Thursday, 28 April 2011 20:47 By Lenox Mhlanga I COULD have written a syrupy piece about our Independence until I reasoned that I could be dancing out of tune. Surely, after 31 years of self-destruction, what is there to celebrate? So I decided to be more realistic and comment about indigenisation. …