Commercial Farmers' Union of Zimbabwe
Comment: Property rights under attack http://www.theindependent.co.zw/ Friday, 01 April 2011 12:44 AFTER earlier unnerving markets with indigenisation regulations compelling foreigners to dispose of controlling stakes in companies valued at US$500 000 to indigenous Zimbabweans, Youth Development, Indigenisation and Empowerment minister Saviour Kasukuwere, as we report in more detail elsewhere in this paper, is at it again. He has amended …
New mining BEE law a bombshell — Analysts http://www.theindependent.co.zw/ Friday, 01 April 2011 13:05 Chris Muronzi WHEN government gazetted empowerment regulations compelling foreigners to “cede” controlling stakes in companies valued at US$500 000 to indigenous Zimbabweans in March last year, foreign investors on the Zimbabwe Stock Exchange (ZSE) retreated, triggering a share plunge on the exchange until the last …
Platinum miners tumble as Zimbabwe turns up heat http://www.reuters.com/ Mon Mar 28, 2011 7:15am EDT * Zimbabwe gives miners 6 months to sell majority stakes * Platinum shares tumble * Mugabe not backing down on company seizures By Ed Stoddard JOHANNESBURG, March 28 (Reuters) – Shares in South Africa-listed platinum miners tumbled on Monday as neighbouring …
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Zim taking foreign-owned mines http://www.timeslive.co.za Mar 28, 2011 1:52 PM | By Sapa-AFP All foreign-owned mining companies in Zimbabwe will be required to sell majority stakes to locals within six months, under new regulations. The controversial Indigenisation and Economic Empowerment Act issued last year, required all foreign firms valued at more than $500, 000 to sell 51 percent …
Meeting immediate need vs conservation http://www.thestandard.co.zw/ Saturday, 26 March 2011 19:41 By chipo masara IN today’s world where people are generally willing to do just about anything for riches, most would go to the most outrageous lengths to self-enrich.This has inevitably led to the world now seeing the worst cases of environmental degradation as man makes maximum use …
AU warns against nationalisation http://www.thestandard.co.zw/ Saturday, 26 March 2011 20:34 FROM KHOLWANI NYATHI IN ADDIS ABABA The African Union Commission (AUC) and the Economic Commission for Africa (EAC) have warned against the nationalisation of strategic companies at a time when Zimbabwe is threatening to seize foreign-owned firms. President Robert Mugabe said his government would take over Western companies …
Eric Bloch: Convenient disregard of facts http://www.theindependent.co.zw/ Thursday, 24 March 2011 20:09 By Eric Bloch PRESIDENT Robert Mugabe, his sycophantic colleagues in general, and Youth, Empowerment and Indigenisation minister, Saviour Kasukuwere in particular, relentlessly pursue their determination to oust foreign ownership of any major Zimbabwean economic entities. This is being done with pronounced focus on one of the country’s …
China urges Zimbabwe: respect Chinese firms’ rights http://af.reuters.com Mon Mar 21, 2011 11:12am GMT HARARE (Reuters) – Chinese Vice Premier Wang Qishan said on Monday that China supported Zimbabwe’s drive for local people to own majority stakes in foreign firms but urged the government not to tamper with Chinese investments. “China understands the need for indigenisation and empowerment …
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We will take all foreign owned companies by force – Kasukuwere http://www.thezimbabwean.co.uk Written by Tony SaxonSaturday, 19 March 2011 13:50 RUSAPE – The government will take all companies that fail to comply with the indigenisation laws by force, Zanu (PF) Minister of Youth, Indigenisation and Economic Empowerment Saviour Kasukuwere told youths here last week. Kasukuwere said the …
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Beeg lobbies for wealth redistribution http://www.theindependent.co.zw/ Thursday, 17 March 2011 14:14 THE Indigenisation and empowerment regulations compelling foreign-owned companies to dispose 51% interest to black Zimbabweans have generated immense debate both within and outside government. This controversial national policy has resulted in the proliferation of lobby groups that include Upfumi Kuvadiki, an organisation believed to be linked to the …