Mining sector appeals to Mujuru


0

The mining sector has appealed to Vice-President Joyce Mujuru to intervene in the indigenisation progamme which should see foreign owned companies ceding their majority shareholding by September. Chamber of Mines President Victor Gapare was today reported to have written to Mujuru asking that indigenisation be allowed to take place over five or even 10 years because of the shortage of capital. He said locals needed between US$5 and $7 billion to buy the controlling shareholding.

(29 VIEWS)

Don't be shellfish... Please SHAREShare on google
Google
Share on twitter
Twitter
Share on facebook
Facebook
Share on linkedin
Linkedin
Share on email
Email
Share on print
Print

Like it? Share with your friends!

0
Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

0 Comments

Your email address will not be published. Required fields are marked *