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Indigenisation minister Patrick Zhuwao accepted that he “misinterpreted” aspects of the indigenisation policy, adding he respectfully accepted President Robert Mugabe’s policy statement as the new “directive” his ministry would take.
By Blessings Mashaya Morgan Tsvangirai’s MDC says President Robert Mugabe should do the right thing and overhaul the controversial indigenisation laws so as to attract the much needed foreign direct investment and not offer piecemeal but desperate concessions. In a statement yesterday, MDC spokesperson Obert Gutu said the indigenisation policy needs a thorough and complete […]
By Phillimon Mhlanga Youth, Indigenisation and Economic Empowerment Minister, Patrick Zhuwao, says he has finalised plans to implement the contentious indigenisation and economic empowerment policy, with proposals for hefty penalties against defaulting firms. The new measures are expected to be gazetted before Christmas and are likely to apply in retrospect, he said. Cabinet recently tasked Zhuwao, who […]
By Cyril Zenda KADOMA — Combative Youth, Indigenisation and Economic Empowerment Minister, Patrick Zhuwao, says the country’s indigenisation law is a piece of legislation based on race, which law specifically seeks to benefit black Zimbabweans at the expense of whites, whom he said were previously “over-advantaged.” Zhuwao made the remarks at the annual conference of […]
Former Indigenisation Minister Saviour Kasukuwere has reportedly stated that only white Zimbabweans will be required to comply with ZANU PF’s indigenisation laws, as part of plans to ‘indigenise’ the Save Valley Conservancy.
HARARE – President Robert Mugabe yesterday ruled out a one-size-fits-all indigenisation approach, saying only companies utilising the country’s natural resources will be required to immediately turn over majority stakes to indigenous Zimbabweans.
It is now very clear that the current attempts to indigenise all sectors of the economy by the Zanu PF-led Ministry of Youth, Indigenisation and Empowerment is not a genuine drive writes Alexander Rusero.