Youth and Empowerment Minister Saviour Kasukuwere today said Zimbabwe’s indigenisation law which requires that 51 percent of the stake in companies whose value exceeds $500 000 should be held by locals was not meant to dispossess anyone. “This policy is not intended for xenophobic dispossession, but to ensure meaningful participation by the local people in economic activities such as mining. Indigenisation and economic empowerment has become an emotive subject as a result of misconceptions regarding government’s intention. We are not declaring a one-size-fits-all for black empowerment in Zimbabwe, cognisant that situations differ across sectors.”
(26 VIEWS)
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…
Zimbabwe is among the top 30 countries in the world with the widest gap between…
Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…