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)
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…
The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…
Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…
Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…
Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…
The government is the biggest loser when there is a discrepancy between the official exchange…