President Robert Mugabe on Tuesday announced a new policy on indigenisation which most people thought was a major shift from the hardline stance that the government had so far insisted on.
The country’s indigenisation law requires that at least 51 percent of all foreign companies with a value of $500 000 and above to be in local hands.
The government has been forcing foreign companies to comply with this law and to come up with a timeline to fulfill this requirement.
Here is Mugabe’s statement in full.
President's Statement on Indigenisation 11 April 2016
(260 VIEWS)
This post was last modified on April 15, 2016 12:52 pm
The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…
Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…
Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…
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…