Embrace equity law or stay out

President Robert Mugabe today said foreign investors should embrace Zimbabwe’s equity laws which require them to sell 51 per cent stakes to locals or “stay out.” “Our resources are ours, they belong to Zimbabweans, they belong to the sons and daughters of Zimbabwe and those who want to share our resources must get our permission to do so,” Mugabe told mourners at the burial of Ephraim Masawi. “We must agree that they come as partners, and come as partners in a manner which we define and not in the manner which they define… Some would say we will lose investment. Which investment? If people don’t want to come on those terms then let them stay out, they are not good for us. Our true friends are eager to come and in fact, even companies from those countries which today have sanctions on us are asking to be accommodated,” he said.

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