Foreign investors operating in what have been classified as “reserved” sectors for local entrepreneurs have one month to comply with the country’s indigenisation laws and the government says it will ensure that they do so.
The reserved sectors are:
The permanent secretary in the Ministry of Youth, Indigenisation and Economic Empowerment George Magosvongwe told a joint meeting of the Parliamentary Portfolio Committee on Youth, Indigenisation and Economic Empowerment and the Thematic Committee on Indigenisation and Empowerment yesterday that the deadline for foreign investors in these sectors to comply is 1 January 2014.
“You will realise.. that 1 January is a month to come and we are putting in place measures for enforcement in the event that they do not comply,” Magosvongwe said.
(14 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…