Category: Indigenisation (archives)

Looting And Grabbing Of Farms/Businesses- ‘Dangerous and Satanic’ – Chamisa http://www.radiovop.com 11/02/2011 12:55:00 Harare, February 11, 2011 – Minister of Information, Communications and Technology (ICTs) Nelson Chamisa has criticised the grabbing and looting of farms and businesses by Zanu (PF) describing it as “dangerous and satanic”. “Zanu (PF) behaves like somebody who sees a pregnant …

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Eric Bloch: Kasukuwere’s policies destructive http://www.theindependent.co.zw/ Thursday, 10 February 2011 16:55 Eric Bloch THE Minister of Youth Development, Indigenisation and Empowerment has not been living up to his first name as far as the economy is concerned for, if anything, he has been acting more like a destroyer than a saviour. That must be so …

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Economy Hurt by Uncertainty About Indigenization Law http://www.voanews.com Peta Thornycroft | Johannesburg  February 08, 2011 Protests this week in Zimbabwe’s capital saw small Nigerian-owned shops looted by President Robert Mugabe’s loyalists, who say their demonstrations were in support of so-called indigenization laws. Politicians and economists say the uncertainty about the laws is harming Zimbabwe’s slow …

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Harare fine-tunes empowerment plans http://www.zimonline.co.za by Tobias Manyuchi     Friday 04 February 2011 HARARE — Zimbabwean authorities say they are working to harmonise with national laws recommendations by special committees appointed last year to help the government set the percentage of shareholding foreign-owned companies in different sectors of the economy must transfer to locals. The decision …

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Zim’s Sugar Conglomerates Take-Over Okayed http://www.radiovop.com 04/02/2011 14:55:00 Masvingo, February 04, 2011 – A closed door meeting which was attended by Zimbabwean Vice President John Nkomo is believed to have given a green light for the complete takeover of sugar conglomerates Hippo Valley and Triangle and parcel out the land to indigenous black farmers who …

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Foreign mining companies to be forced to sell majority shares http://www.swradioafrica.com By Tererai Karimakwenda02 February, 2011 The government has announced that laws requiring foreign mining companies to sell a majority of their shares to locals will be gazetted by the end of February. In a statement published in the state-run Herald newspaper on Wednesday, the …

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Workers protest highlights flaw of Indigenisation policy http://www.swradioafrica.com by Irene Madongo24 January 2011 Local businesses that take over companies through the Indigenisation Act will have difficulties running them, unless the government provides them with the necessary support an analyst has said. The comments were made following a demonstration by workers because their new owner was …

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Zitac threatens TIMB over alleged bias http://www.theindependent.co.zw/ Thursday, 20 January 2011 19:16 Bernard Mpofu THE Zimbabwe Industry Tobacco Auction Centre (Zitac), the country’s embattled tobacco sales auction floor operator, has threatened the Tobacco Industry Marketing Board (TIMB) with unspecified action for alleged bias in handling the wrangle between property owners Boka Investments and Zitac.This move …

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Officials of Zimbabwe’s ZANU-PF Party Eye Sugar Plantations for Takeover http://www.voanews.com Triangle Sugar Ltd. is owned by Tongaat Hulett of South Africa, which also holds a controlling stake in the Hippo Valley Estate Patience Rusere | Washington  19 January 2011 Leaders of Zimbabwe’s long-ruling ZANU-PF party have started registering local members for the allocation of …

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Mnangangwa’s Threats On Foreign Owned Companies Unlawful – Ncube http://www.radiovop.com/ 18/01/2011 09:38:00 Harare, January 18, 2011 – Industry and Trade Minister Welshman Ncube has described as unlawful comments by Defence Minister Emmerson Mnangagwa at the weekend in which he warned foreign- owned companies that they will be forced to reveal their stance on sanctions on …

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