Category: Indigenisation (archives)

Spare us from empowerment law, listed companies plead http://www.theindependent.co.zw/ Thursday, 29 July 2010 18:56 THE Zimbabwe Stock Exchange (ZSE) has asked government to back down on indigenisation regulations compelling foreign-owned companies that include listed concerns to dispose of a controlling interest to cash-strapped local investors. This comes after the ZSE – an erstwhile vehicle for …

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Zimbabwe Minister Threatens Shutdown for Firms Not Complying With Indigenization http://www1.voanews.com/ Indigenization Minister Saviour Kasukuwere told the state-controlled Sunday Mail newspaper that only 480 out of some 9,577 foreign-owned firms submitted plans for indigenization to his ministry by a June 30 deadline. Gibbs Dube | Washington 26 July 2010 Zimbabwean Minister of Indigenization Saviour Kasukuwere …

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Zimbabwe May Reduce Demand for Black Ownership to 15% http://www.businessweek.com July 26, 2010, 11:38 AM EDT By Ron Derby July 26 (Bloomberg) — Zimbabwe may water down a demand that foreign companies hand over majority stakes in their local operations to black investors, instead asking that they sell 15 percent holdings and invest in social …

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Mugabe may close 9,000 foreign firms http://www.nation.co.ke/ Posted Monday, July 26 2010 at 19:38 HARARE, Monday Zimbabwe has threatened to close 9,000 foreign owned firms after they ignored a deadline to submit plans on how they intend to release some of their shareholding to locals. President Robert Mugabe’s government wants the foreign owned companies with …

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Indigenisation – Defiant firms face prosecution 2010 07 02 – The Herald 2010 07 02 http://www.herald.co.zw/inside.aspx?sectid=20756&cat=1 Herald Reporter   Companies and businesspersons that failed to comply with Indigenisation and Economic Empowerment Regulations decreeing that they submit proposals on how they intend to comply with the law face prosecution.   Those found in contravention with the …

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ZANU-PF Youths seize Bulawayo buildings www.zimeye.org Published: June 16, 2010 By Lionel Saungweme Bulawayo(ZimEye) ZANU-PF youths have seized the Zambezia, Canberra and Capri Buildings in Bulawayo’s Central Business District. Zambesia and Canberra flats stand between Leopold Takawira and Sixth Avenue along Fort Street, while the Capri is at the corner of George Silundika Street and …

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Opposition accuses Zanu PF of looting The Standard Saturday, 12 June 2010 19:13 OPPOSITION parties have launched a scathing attack on the indigenisation regulations describing them as racist and another tactic by Zanu PF officials in a hurry to loot national resources before the party is pushed out of power. Government has twice shelved the …

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Indigenisation stalls BIPPA negotiations Zimbabwe Independent Thursday, 03 June 2010 19:52   INDIGENISATION and property rights issues have become the centre of Zimbabwe and Botswana’s Bilateral Investment Promotion and Protection Agreement (BIPPA) negotiations that are supposed to result in a deal by year-end. Diplomatic sources in Harare told the Zimbabwe Independent that the Botswana government …

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Zimbabwe Extends Deadline for Proposals on Black Ownership Law http://www.businessweek.com May 18, 2010, 8:22 AM EDT By Brian Latham May 18 (Bloomberg) — Zimbabwe’s government extended by a month a deadline by which all businesses must submit plans on increasing black ownership, Indigenization and Empowerment Minister Saviour Kasukuwere said. Under a law signed in March, …

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Indigenisation, a personal enrichment exercise http://www.thezimbabwean.co.uk Written by WezhiraSunday, 09 May 2010 18:35 An indigenous miner, who has suffered harassment and torture from senior police officers, questions whether the Zimbabwe’s indigenisation programme is a correction of historical imbalances or just a personal enrichment scheme. The police officers have allegedly stole gold from his mine in …

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