Commercial Farmers' Union of Zimbabwe
Govt won’t pay for mining shares: Kasukuwere http://www.newzimbabwe.com/ 17/04/2011 00:00:00 by Business Reporter IN remarks that may rattle the country’s mining sector further, Indigenisation and Empowerment minister, Saviour Kasukuwere has hinted that the government may consider the value of minerals to be equal to 51 percent of the value of companies and so pay them nothing. Under the …
Eric Bloch: Indigenisation: Setting the record straight http://www.theindependent.co.zw/ Thursday, 14 April 2011 20:48 By Eric Bloch UPON reading Psychology Maziwisa’s reply in last week’s issue of this paper to my recent articles on Zimbabwe’s indigenisation and economic laws, my initial reaction was to ignore it and thus accord it the contempt that it blatantly deserved. That is not …
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Zanu PF mobilises support for indigenisation http://www.theindependent.co.zw/ Thursday, 14 April 2011 21:17 Brian Chitemba ZANU PF has tasked its politburo members to visit every province to mobilise party supporters to back the indigenisation programme in what has been widely viewed as an election campaign by the former liberation movement. According to some politburo members, a resolution was …
‘Indigenisation loopholes open to challenges’ http://www.theindependent.co.zw/ Thursday, 14 April 2011 21:40 Chris Muronzi GOVERNMENT could have exposed itself to legal challenges amid legal consensus that the controversial Indigenisation and Economic Empowerment Act and regulations violated constitutionally enshrined rights.Legal representations made to the Chamber of Mines’ executive committee by legal gurus Nick Willsmer and Sternford Moyo show that the …
Tsvangirai pledges no nationalisation of business http://www.thezimbabwean.co.uk Written by Chief ReporterSaturday, 09 April 2011 13:00 HARARE – The proposed indigenisation legislation will not expropriate ownership in foreign mining firms, says Prime Minister Morgan Tsvangirai (pictured). “We are talking about existing business telling us how they intend to set thresholds, industry by industry, within a period of 10 years …
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BILL WATCH 16/2011 [6th April 2011] Commentary on the New Indigenisation Requirements for Mining Sector Summary of the New Requirements Affecting the Mining Sector Summary of Amendments to the 2010 Indigenisation Regulations which affect all Business Sectors including the Mining Sector Need for Scrutiny of the New Requirements by the Parliamentary Legal Committee – Unconstitutional …
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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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 – …
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 …