Category: Indigenisation (archives)

Threat to seize foreign firms is ‘idle rhetoric’ http://mg.co.za/ RAY NDLOVU Mar 14 2011 13:28 President Robert Mugabe’s sabre-rattling about the possible seizure of major companies with “Western links” is an “idle threat, political rhetoric and mere browbeating by Zanu-PF to coerce foreign companies into speaking out against sanctions”, economist Eric Bloch said this week. Until now Zanu-PF …

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Govt will pay up – Kasukuwere http://www.thezimbabwean.co.uk Written by Ngoni ChanakiraFriday, 11 March 2011 17:26 HARARE – In a major twist of events, which has been strongly welcomed by the business community, the Minister of Youth Development, Indigenisation, and Economic Empowerment, Savior Kasukuwere (pictured), said the government will now pay for its stake in foreign-owned firms, instead of …

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Harare policy confusion, squabbles deepen http://www.zimonline.co.za/ by Edward Jones     Friday 11 March 2011 HARARE – Prime Minister Morgan Tsvangirai said yesterday the cabinet had not yet decided the minimum local ownership levels for foreign companies under the government’s indigenisation plans, in a sharp rebuke of a minister who said a day earlier a sovereign wealth fund would be …

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Birth of indigenisation super minister http://www.thezimbabwemail.com/ 09 March, 2011 06:43:00    VINCENT KAHIYA IN May last year Public Service minister Eliphas Mukonoweshuro took umbrage at his MDC-T colleague Finance minister Tendai Biti’s announcement that government had frozen civil servants’ salaries. His gripe was that the Finance minister was encroaching into his purview as Labour minister. He warned Biti that …

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Politburo to endorse company seizures http://www.dailynews.co.zw/ By Guthrie Munyuki, Deputy News EditorTuesday, 08 March 2011 18:52 HARARE – The Zanu PF supreme decision making body, the Politburo, will convene a special meeting on Wednesday to officially endorse the anti-sanctions campaign which seeks to seize companies owned by Europeans and Americans. President Robert Mugabe is expected to chair the …

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New farmers owe council US$200 000 http://www.dailynews.co.zw By Midlands CorrespondentMonday, 07 March 2011 15:25 GWERU – Newly resettled farmers under the A2 model owe Vungu Rural District Council about $200 000 arising from unpaid  development levies since 2009, according to the council’s chairperson. Speaking on the sidelines of a belated provincial World Aids Day commemorations in Chiwundura recently, …

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Comment: Business gulps from poisoned chalice http://www.theindependent.co.zw/ eThursday, 03 March 2011 19:36 BUSINESS executives this week set themselves up as President Mugabe’s surrogates when they stepped up to append their signatures on the anti-sanctions petition. The business leaders led by Confederation of Zimbabwe Industries (CZI) president Joseph Kanyekanye perhaps meant well when they signed the petition because, as they …

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AAG Names A Hit List Of Foreign Controlled Firms http://www.radiovop.com/ 03/03/2011 09:06:00 Harare, March 03, 2011 – The Affirmative Action Group (AAG), has targeted five firms including commercial banks which are foreign owned and are operating in Zimbabwe, showing their solidarity with 87-year-old President Robert Mugabe. President Mugabe on Wednesday launched an anti-sanctions campaign at a rally in Harare …

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Political Doubt Hits Zimbabwe Investors http://online.wsj.com/ By FARAI MUTSAKA in Harare, Zimbabwe and PETER WONACOTT in Johannesburg A daily stream of multinational executives ask Zimbabwe’s Industry and Commerce minister the same question: Does President Robert Mugabe plan to seize my company? “I can’t give them any firm assurance,” said the minister, Welshman Ncube, who belongs to the Movement …

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Zim needs to rethink empowerment – German Ambassador http://www.thezimbabwean.co.uk Written by Fungi KwarambaSaturday, 26 February 2011 14:07… political risk too high, threats deter investment HARARE – Zimbabwe risks being further isolated and left behind the rest of Africa if it continues with policies such as the indigenisation drive, says the German Ambassador to Zimbabwe, Albrecht Conze.While he …

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