Nestle could be next target for Zim government

Nestle could be next target for Zim government http://www.bizcommunity.com By: Tawanda Karombo8 Jan 2013 15:04 International refined foods manufacturer Nestle invested $12m into its Zimbabwean operations in 2012 despite the uncertainty surrounding its future in Zimbabwe as the government has not yet decided upon its indigenisation compliance plans. However‚ the Swiss company has reiterated its commitment to its operations …

Indigenisation: Is the timing appropriate?

Indigenisation: Is the timing appropriate? http://www.newzimbabwe.com 23/12/2012 00:00:00by Graham Nyakudjga ZIMBABWE has gone through a massive land redistribution program which although successful, has almost brought the country to its knees economically. The reasons which caused this downward spiral of the economy are varied. The random seizures of once productive farms, sanctions imposed by international powers, corruption and successive droughts …

$4 billion looted from mining companies through indigenisation

$4 billion looted from mining companies through indigenisation http://www.swradioafrica.com By Tererai Karimakwenda18 December 2012 A total of $4 billion has so far been raised by government from shares that big mining firms were forced to give up under the National Indigenisation and Economic Empowerment Act. According to the state run Sunday Mail newspaper, Indigenisation and Empowerment Minister Saviour …

Kasukuwere, KFC in chicken war

Kasukuwere, KFC in chicken war http://www.dailynews.co.zw By Ndakaziva Majaka, Staff WriterSunday, 16 December 2012 14:10 HARARE – One of the world’s most popular chicken franchises, Kentucky Fried Chicken (KFC)’s bid to fly back into Zimbabwe is facing huge challenges. Indegenisation minister Saviour Kasukuwere has slammed Kevin James, the franchise holder for the fast-food giant for opting for …

Eric Bloch: Policy shift key to economic recovery

Eric Bloch: Policy shift key to economic recovery http://www.theindependent.co.zw/ December 14, 2012 in Opinion ZIMBABWE has irrefutable potential to have a thriving economy of such magnitude that poverty amongst its populace would be virtually non-existent. Column By Eric Bloch It could have one of the most vibrant economies in Africa, with employment for almost all desirous of …

Mugabe backs 100% black ownership of Zimbabwe-based firms

Mugabe backs 100% black ownership of Zimbabwe-based firms http://www.timeslive.co.za/ Sapa-AFP | 07 December, 2012 15:42 Zimbabwe President Robert Mugabe on Friday called for an overhaul of business laws to require 100 percent black ownership of firms, up from 51 percent. In a pre-election address to the ZANU-PF party faithful, Mugabe said the government would press ahead with controversial …

Kasukuwere’s Indigenisation Kills – Bennett

Kasukuwere’s Indigenisation Kills – Bennett http://www.zimeye.org By Business Reporter Published: December 6, 2012 The MDC-T party’s economic policy, known as Jobs, Upliftment, Investment, Capital and Environment (Juice), officially launched in Harare by party leader and Prime Minister Morgan Tsvangirai last week, has taken a new twist with the party labelling ZANU PF’s indigenisation drive an angel of death. …

Demand Chinese Shares – Mliswa

Demand Chinese Shares – Mliswa http://www.thezimbabwemail.net By Clemence Manyukwe 4 hours 17 minutes ago ZIMBABWEANS should demand shareholding in all Chinese firms as part of the country’s empowerment law which stipulates that all foreign-owned companies should cede 51 percent of their stakes to locals, the Zimbabwe Economic and Empowerment Council (ZEEC) has said.ZEEC president, Temba Mliswa, says it …

Chief Urges Zanu (PF) Leaders To Use Indigenisation Policy To Buy Votes

Chief Urges Zanu (PF) Leaders To Use Indigenisation Policy To Buy Votes http://www.radiovop.com Masvingo, November 26, 2012 – The President of the Chief’s Council, Chief Fortune Charumbira has ordered traditional leaders and Zanu (PF) leadership here to buy votes from villagers using funds acquired from the indigenisation programme’s community ownership scheme so that President Robert Mugabe retains power in …

Tongaat Hullet seeks audience with Kasukuwere

Tongaat Hullet seeks audience with Kasukuwere http://www.theindependent.co.zw/ November 23, 2012 in Business JOHANNESBURG Stock Exchange listed Tongaat Hullet’s Zimbabwe operation, Triangle (Pvt) Ltd is seeking an urgent meeting with Indigenisation minister Saviour Kasukuwere to discuss compliance with the country’s Indigenisation Act, businessdigest has learnt. Report by Taurai Mangudhla Triangle is apparently yielding to pressure to meet Zimbabwe’s indigenisation requirements …