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
See also:
Mugabe insists there will be no backing down on indigenisation
Only Parliament can change indigenisation law, minister says
MDC says government must abandon ZimAsset and indigenisation
ZANU-PF should address corruption and indigenisation together
Indigenisation- Chinamasa says don’t confuse ownership and control
(57 VIEWS)
This post was last modified on March 30, 2016 5:31 pm
Page: 1 2
Zimbabwe’s new currency today fell against the United States for the first time since its…
Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market…
One bane of recent public discourse in Zimbabwe is not only that it is never…
Zimbabwe’s new currency kicked off its third week on a stronger note raising questions as…
Zimbabwe Finance Minister Mthuli Ncube is asking the US government to tell banks that they…
Zimbabwe, whose currency declined 80% this year before being abandoned, is now worried about its…