Buy Zimbabwe slams government over foreign firm closure threat

Some companies had been reluctant to comply with the law as Cabinet appeared divided over implementation of the law.

Zhuwao said all government ministries would be required to submit names of companies within their portfolios that have complied with the law, adding the firms had been given ample time to comply.

Two of the world’s largest platinum producers — Anglo American Platinum and Impala Platinum — are some of the foreign-owned firms with operations in Zimbabwe.

International banking groups Standard Chartered Plc and Barclays Plc, along with regional financial institutions Standard Bank and Ecobank, also have local operations.

Amplats and Implats have previously submitted empowerment plans.- The Source

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