Commercial Farmers' Union of Zimbabwe
Empowerment law affects US$445m mining project http://www.zimonline.co.za by Caroline Mvundura Thursday 06 May 2010 HARARE – Zimbabwe’s largest platinum producer Zimplats Holdings has said commencement of a US$445 million project to ramp up production to nearly 300 000 ounces annually was dependent on finalisation of “compliance issues” regarding the country’s controversial black economic empowerment laws. …
Zimbabwe to introduce Indigenisation levy on companies http://www.zimdiaspora.com Friday, 30 April 2010 23:22 Companies with a net asset value of over US$500 000 will soon be levied to sustain the operations of the National Indigenisation and Economic Empowerment Fund and finance empowerment programmes. NIEEF was mandated by Government to ensure full implementation of the Indigenisation …
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Foreigners and local whites out http://www.economist.com A muddle over “indigenisation” looks set to slow down an economic recovery Apr 22nd 2010 | JOHANNESBURG | From The Economist print edition FOR a moment it seemed as though a mortal threat to businesses in Zimbabwe had been lifted. Now the usual lack of clarity has been restored. …
Govt revises indigenisation http://www.theindependent.co.zw/ Thursday, 22 April 2010 21:35 GOVERNMENT is working on a raft of amendments to the punitive indigenisation regulations, which were suspended by cabinet last week following a storm of protest from the business and international communities. The latest amendments are designed to remove rough edges to the draconian statutory instrument and …
ZanuPF officials fight over shares in mine http://www.thedailynewszw.com/?p=28949 April 17, 2010 By Owen Chikari MASVINGO – As controversy on the new indigenisation laws continues, senior Zanu-PF officials here have wasted no time in demanding shares in Bikita Minerals – the country’s sole producer of lithium.Finance Minister Samuel Mumbengegwi is also fighting for shares in Zanu-PF …
Potential Danish investors hesitant http://www.thestandard.co.zw/ Saturday, 17 April 2010 17:13 THE Industrialisation Fund for Developing Countries (IFU), a Danish development financial institution, is prepared to invest in Zimbabwe’s tourism sector amongst others but is holding out until there is political and economic certainty. IFU’s Kim Gredsted who heads the southern African regional office and senior …
Indigenisation deadline deferred indefinitely http://www.thestandard.co.zw/ Saturday, 17 April 2010 19:25 CABINET on Tuesday postponed indefinitely an April 15 deadline for foreign companies to submit plans to cede 51% of their shareholding to locals pending consultations on 10 key principles that will see an overhaul of the controversial empowerment regulations. Sources revealed last week that despite …
Confusion over ‘suspension’ of indigenisation regulations http://www.swradioafrica.com By Violet Gonda14 April 2010 Confusion surrounds the status of the ‘indigenisation’ law as a result of conflicting statements issued by the political parties in government. The Prime Minister’s Office has said the implementation of the controversial law has been suspended and that cabinet agreed on Tuesday that …
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Zimbabwe’s Company Grab Law Here To Stay – Mugabe http://news.radiovop.com 14/04/2010 18:12:00 Harare, April 14, 2010 – Zimbabwe’s President Robert Mugabe on Wednesday rejected claims by Prime Minister Morgan Tsvangirai’s office that the government had reversed a law forcing foreign firms to cede a majority stake to locals. Mugabe said that the remarks that the …
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Zimbabwe suspends majority local-ownership rules http://www.reuters.com Tue Apr 13, 2010 2:32pm EDT * Rules to sell majority stake to locals suspended * Deadline for proposals had been Thursday * Regulations being reviewed HARARE, April 13 (Reuters) – Zimbabwe’s unity government has suspended and will review rules forcing foreign-owned firms to sell a majority stake to …
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