Zimbabwe minister threatens shutdown for firms not complying with indigenisation

by ...Indigenisation (archives)Posted on No Comments

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 …

Read more “Zimbabwe minister threatens shutdown for firms not complying with indigenisation”

Zimbabwe may reduce demand for black ownership to 15%

by ...Indigenisation (archives)Posted on No Comments

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 …

Read more “Zimbabwe may reduce demand for black ownership to 15%”

NCA resolve to de-campaign government led constitutional process

by ...Constitution (archives)Posted on No Comments

NCA resolve to de-campaign government led constitutional process http://www.swradioafrica.com/ By Lance Guma26 July 2010 The National Constitutional Assembly (NCA) has resolved to campaign against the government backed constitution making process, after describing it as far from being people driven. Speaking on Monday at the end of a three day conference NCA spokesman Madock Chivasa told …

Read more “NCA resolve to de-campaign government led constitutional process”

Mugabe may close 9000 foreign firms

by ...Indigenisation (archives)Posted on No Comments

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 …

Read more “Mugabe may close 9000 foreign firms”

Zimbabwe: From breadbasket to basket case

by ...Finance and Economics (archives)Posted on No Comments

Zimbabwe: From breadbasket to basket case http://www.thestar.com/news/world/article/839834–zimbabwe-from-breadbasket-to-basket-case   Land reform under Robert Mugabe has seen a once productive landscape turn barren and reliant on imports Published On Sat Jul 24 2010 By Rosie DiManno Columnist HARARE-From breadbasket of Africa to African basket case – that’s Zimbabwe. A country rooted in agriculture that now must import …

Read more “Zimbabwe: From breadbasket to basket case”

Tobacco output doubles

by ...Agriculture (archives)Posted on No Comments

Tobacco output doubles  http://www.thestandard.co.zw/ Saturday, 24 July 2010 16:11 TOBACCO output breached the 100 million kg mark on Wednesday nearly doubling last year’s deliveries to the auction floors, figures from the Tobacco Industry and Marketing Board (TIMB) released last week show. The milestone marks a major rebound despite a proposed global ban on the crop.According …

Read more “Tobacco output doubles”

Evicted white farmers become destitute

by ...Human Rights (archives)Posted on No Comments

Evicted white farmers become destitute  http://www.thestandard.co.zw Saturday, 24 July 2010 16:17 SOME white commercial farmers who accepted compensation from the government after their farms were seized under the violent land reform programme are now destitute, farmers’ representative bodies have said. An estimated 200 out of the 4 000 white commercial farmers that were in the …

Read more “Evicted white farmers become destitute”

Hopes looters will be prosecuted fade

by ...The Courts (archives)Posted on No Comments

Hopes looters will be prosecuted fade   2010 07 23   The Zimbabwe Independent   http://www.theindependent.co.zw/local/27387-hopes-looters-will-be-prosecuted-fade-.html   Thursday, 22 July 2010   HOPES that the arrest of controversial businessman Temba Mliswa will reignite investigations into the alleged looting of commercial farms by Zanu PF bigwigs under the pretext of land reform are slowly fading, with …

Read more “Hopes looters will be prosecuted fade”

ZanuPF ministers named in company seizure

by ...The Courts (archives)Posted on No Comments

Zanu PF ministers named in company seizure   2010 07 24   The Zimbabwe Independent   http://www.theindependent.co.zw/local/27397-zanu-pf-ministers-named-in-company-seizure.html   Thursday, 22 July 2010   THREE Zanu PF cabinet ministers have been named as trustees of an organisation that reportedly forced a Rusape farmer to cede a 50% shareholding in his business under the guise of the …

Read more “ZanuPF ministers named in company seizure”

Indigenisation and Economic Empowerment (General) (Amendment) Regulations, 2010 (No. 2)

by ...Legal - The Law (archives)Posted on No Comments

Statutory Instrument 116 of 2010.1 [CAP. 14:33 Indigenisation and Economic Empowerment (General) (Amendment) Regulations, 2010 (No. 2) IT is hereby notified that the Minister of Youth Development, Indigenisation and Empowerment, after consultation with the Board has, in terms of section 21 of the Indigenisation and Economic Empowerment Act [Chapter 14:33], made the following regulations:— 1. …

Read more “Indigenisation and Economic Empowerment (General) (Amendment) Regulations, 2010 (No. 2)”