Drop indigenisation, ZimAsset: Tshinga
Former War Veterans minister Tshinga Dube has taken a dig at some of the policies, which were implemented under former president Robert Mugabe’s government, describing them as impractical.
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Former War Veterans minister Tshinga Dube has taken a dig at some of the policies, which were implemented under former president Robert Mugabe’s government, describing them as impractical.
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 […]
Zimbabwe’s black empowerment policy that aims to transfer majority shares from foreign-owned firms to locals is confusing potential investors and makes it hard to compete for foreign investment, President Robert Mugabe said on Tuesday.
Indigenisation minister, Patrick Zhuwao on Saturday attacked Finance minister Patrick Chinamasa, accusing him of misleading Zimbabweans on the status of foreign-owned banks’ compliance with the indigenisation law. Zhuwao’s outburst followed a statement by Chinamasa reiterating the Reserve Bank of Zimbabwe (RBZ) position that all banks had complied with the controversial law following the March 31 […]
Government yesterday threatened to shut down foreign-owned firms that do not comply with its indigenisation law by April 1.
By Vince Musewe The Indigenisation Act must go because it is the wrong policy at the wrong time for the wrong reasons. For the umpteenth time, I must repeat myself that indigenisation will not inescapably result in the economic growth and employment creation which we seek. What it has done to date is to discourage […]
Finance minister Patrick Chinamasa is pressed between a rock and a hard place as he tries to revive the economy at a time his Zanu PF party is engaged in deadly and bloodletting factional fights to succeed President Robert Mugabe. Over the past few months, the lawyer-cum-politician has been the most active of our ministers […]
By Fungi Kwaramba Damaging discord has once again emerged in President Robert Mugabe’s Cabinet, with two ministers Patrick Chinamasa and Patrick Zhuwao reading from entirely different scripts on the country’s contentious indigenisation framework. So wide has the gulf between the two bigwigs become that Chinamasa, who is the minister of Finance, apparently walked out of […]
By MacDonald Dzirutwe HARARE – Zimbabwe’s finance minister on Thursday gave foreign-owned firms operating in the country, including mines and banks, a March 2016 deadline to submit plans on how to comply with a law requiring them to sell at least 51 percent shares to locals. The Indigenisation and Economic Empowerment Act was passed in […]