Commercial Farmers' Union of Zimbabwe
New rules a body blow for tourism http://www.theindependent.co.zw/ Thursday, 05 July 2012 17:53 Paidamoyo Muzulu ZIMBABWE seems to have shot itself in the foot once again following the publication of controversial indigenisation regulations which threaten to deal the country’s recovering tourism industry a body blow.Indigenisation and Empowerment minister Saviour Kasukuwere last Friday published the contentious General Notice 280 …
Govt cracks widen as PM dismisses indigenisation plans http://www.swradioafrica.com By Alex Bell03 July 2012 The already gaping cracks in Zimbabwe’s unity government have been further widened this week, after the Prime Minister publicly dismissed the ZANU PF led indiginisation plans for banks and other key sectors. The Indigenisation Ministry, led by ZANU PF’s Saviour Kasukuwere, last Friday announced …
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Zimbabwe targets foreign banks http://www.ft.com/ July 3, 2012 5:27 pm By Andrew England in Johannesburg and Tony Hawkins in Harare Zimbabwe has given international banks operating in the country a year to comply with a controversial indigenisation programme under which foreign companies are supposed to transfer 51 per cent stakes to black Zimbabweans. A government notice has …
Zimbabwe gives banks 1 year to cede stakes to locals By Reagan Mashavave (AFP) – 9 hours ago HARARE — Zimbabwe has given foreign-owned banks and other firms a year to cede a 51 percent stake to local black people, in compliance with equity and empowerment laws, a government notice said. A notice in the government gazette, …
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BILL WATCH 29/2012 [2nd July 2012] Indigenisation Rules for Finance and Education Sectors and 7 Other Sectors General Notice 280/2012 [available from veritas@mango.zw] In General Notice [GN] 280/2, gazetted on Friday 29th June, the Minister of Youth Development, Indigenisation and Empowerment, citing sections 5(4) and 5A(4) of the Indigenisation and Empowerment (General) Regulations as amended …
Zanu (PF)’s Mliswa Attacks Indigenisation http://www.radiovop.com Harare, June 22, 2012 – Zanu (PF) official Temba Mliswa on Thursday launched an astonishing attack on Zimbabwe’s indeginisation programme in the first indication that President Robert Mugabe’s party is not singing from the same hymn book on economic empowerment. Mliswa is believed to be a close associate of Zanu (PF) secretary …
Empowerment levy on the cards http://www.newzimbabwe.com 21/06/2012 00:00:00by Business Reporter ZIMBABWE is set to introduce an indigenisation levy with all companies expected to pay the new tax, a senate empowerment report has revealed. The report tabled in the senate on Tuesday added that the introduction of the levy is a requirement of the country’s empowerment law. The …
Kasukuwere targets Barclays http://www.newzimbabwe.com 04/06/2012 00:00:00 by Business Reporter EMPOWERMENT Minister Saviour Kasukuwere has summoned Barclays Bank officials to explain the ownership structure of the bank as the government empowerment drive targets the financial services sector. Kasukuwere said he would meet Barclays’ managing director George Guvamatanga Monday to discuss the bank’s compliance with Zimbabwe’s empowerment legislation.“I will be meeting …
Kasukuwere urges ZANU PF youth to seize Indian businesses http://www.swradioafrica.com/ By Tererai Karimakwenda22 May, 2012 The Indigenisation and Youth Development Minister Saviour Kasukuwere has reportedly been instructing ZANU PF youth structures to take over businesses, supermarkets, shops owned by Indians and to identify mining claims that they can take over as part of youth empowerment. Trusted sources who …
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No imminent privatisation of parastatals: PM http://www.thestandard.co.zw/ Saturday, 28 April 2012 16:54 BY NQOBILE BHEBHEPRIME Minister Morgan Tsvangirai says government is not in a hurry to privatise loss-making parastatals as this will expose Zimbabweans to exorbitant utility rates. Addressing an International Business Conference in Bulawayo, which ran concurrently with the just ended Zimbabwe International Trade Fair (ZITF), Tsvangirai said …