Category: Indigenisation (archives)

Indigenisation Minister eyes takeover of Masvingo firms http://www.swradioafrica.com By Tererai Karimakwenda29 March 2012 Controversial Indigenisation Minister, Saviour Kasukuwere, is in the headlines again. This time reports say he has set his sights on Masvingo Province, where he plans to acquire 51% shares in the only lithium producer in Zimbabwe Bikita Minerals, sugar growing giant Tongaat Hullet, Renco Mine and …

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Zanu PF Using Empowerment Law As Vote Catching Gimmick: Admits Kasukuwere http://www.radiovop.com Harare, March 21, 2012- Zanu PF politburo member and Indigenisation Minister Saviour Kasukuwere says his Zanu PF party will use the controversial empowerment law to win the country’s next election. Kasukuwere said this in an interview with the Doha based Al Jazeera english television on Tuesday. …

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Zimbabwe business grab scares investors http://uk.news.yahoo.com AFPBy Reagan Mashavave | AFP – 3 hours ago The launch of the Zvishavane Community Share Ownership Trust at Mimosa Mine in Zvishavane last month. Zimbabwe’s forcing of foreign firms to hand over a 51% stake will scare away much-needed investment, with no clarity on how the cash-strapped state will fund its …

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Indigenisation deprive Zim of $6,3bn http://www.dailynews.co.zw/ By Taurai Mangudhla, Business WriterMonday, 05 March 2012 13:02 HARARE – Zimbabwe’s financial services sector has missed out on $6,3 billion worth of lines of credit from international banks due to uncertainty posed by the country’s indigenisation programme, economist Erich Bloch has said. The Bulawayo-based analyst, told businessdaily two major foreign …

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New constitution draft inspection could end in chaos —ZLHR http://www.dailynews.co.zw/ By Gift Phiri, Senior WriterMonday, 23 January 2012 12:22 HARARE – A forthcoming Zimbabwean conference to inspect a draft on a new constitution could descend into chaos, rights lawyers warned this week. Leading rights lawyers, Zimbabwe Lawyers for Human Rights (ZLHR), said there was a high risk …

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Indigenisation board to enforce regulations http://www.thezimbabwean.co.uk Temerity Mpofu Harare As Zimbabwe’s indigenisation regulations are generating public debate and criticism in some sectors, the National Indigenisation and Economic Empowerment Board (NIEEB) is set to enforce indigenisation regulations.23.01.1205:42pmby Wallace Mawire NIEEB is set to engage Compliance Officers to be part of a team spearheading the indigenous and economic empowerment programmes …

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Eric Bloch Column: Deterrents to foreign investment http://www.theindependent.co.zw/ Thursday, 15 December 2011 15:35 AFTER observing the extent to which government (or major components of government) continue to pursues policies which can achieve naught but self-advancement or enrichment, ongoing demolition of the economy with concomitant poverty, and wide-ranging and diverse advice on the ills of those policies, many inevitably ponder …

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Nestle not compliant yet http://www.dailynews.co.zw/ By EditorThursday, 08 December 2011 10:40 HARARE – Nestle Zimbabwe Private Limited (Nestle) is yet to submit a revised indigenisation compliance proposal, chief executive Kumbirai Katsande has revealed.Indigenisation Minister Saviour Kasukuwere rejected Nestle’s initial proposal last month saying it was insufficient and fell far short of the minimum 51 percent indigenous shareholding as required …

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Like farm seizures, indigenisation will destroy economy http://www.thestandard.co.zw/ Sunday, 04 December 2011 11:45 Eleven years ago, the then Zanu PF-led government instigated chaotic seizures of white commercial farms, an idea that the party allegedly stole from MDC’s election manifesto, which the latter could have smoothly implemented without causing any harm to the country’s agro-based economy. The intention was …

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Youths invade Byo factory premises http://www.thezimbabwean.co.uk A group of suspected Zanu (PF) youths invaded a disused factory building in Bulawayo’s Belmont industrial area last week.11.11.1105:35pmby Zwanai Sithole Harare The building, owned by Kenny Lameck who now lives in South Africa, was invaded by youths under the leadership of a Retired Major Sibanda. Workers at Locos Seed Manufacturing Company, …

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