Latest farm grab: 80 workers thrown out

Latest farm grab: 80 workers thrown out http://www.thezimbabwean.co.uk About 80 farm workers from Guy Farm and their families have been left homeless following farm seizures by top government officials recently.04.07.1211:41am by Staff Reporter Desperate former farm workers told The Zimbabwean that the farm takeover by a senior official from the Attorney General’s office and a top female government …

Govt cracks widen as PM dismisses indigenisation plans

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 …

Zimbabwe targets foreign banks

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

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, …

Indigenisation Rules

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 …