Indigenisation
latest news & developments
Zim: Moves to calm jittery banks
Foreign-owned financial institutions have indicated that they will withdraw if forced to indigenise.
Zim Cabinet orders changes in indigenisation law
Zimbabwe’s Cabinet has ordered that an equity law which forces foreign companies to cede majority shareholding to local investors be amended.
Zim govt says it won’t seize foreign investment capital
Zimbabwe’s finance minister has pledged that the country will not take foreign investment capital in its indigenisation policy.
Indigenous knowledge theft still a concern
Indigenous knowledge, such as the Khoikhoi’s use of hoodia as an appetite suppressant, have a history of being appropriated by large corporations.
‘Fear’ drives indigenisation in Zimbabwe
Foreign firms in Zimbabwe are opting to protect their investments instead of fighting the new Zanu-PF indigenisation law.
Zim targets Tongaat Hulett in indigenisation scheme
Zimbabwe has turned up the heat on its indigenisation programme and issued a 14-day ultimatum to Tongaat Hulett’s unit in the country, Triangle.
Zim’s indigenisation policy ‘scaring off’ investors
Analysts say Zimbabwe’s forcing of foreign firms to hand over a 51% stake will scare away much-needed investment despite assurances to the contrary.
Struggle for Zimplats not over yet
There’s still been no deal set in stone on indigenising Impala’s Zimbabwe operation despite the progress that has been made so far.
Zimplats’ call for extension denied
Zimbabwe has rejected a request by platinum miner Zimplats to extend a deadline to hand over a nearly 30% stake under a contentious equity law.
Zim’s Kasukuwere threatens Implats with takeover
Indigenisation Minister Saviour Kasukuwere has warned Impala Platinum he will take the mine over if it doesn’t comply with Zimbabwe’s BEE laws.
Tsvangirai slams Zimbabwe’s equity law
The MDC is opposed to a new law giving local blacks majority shares in foreign companies and plans its own project to lure foreign investment.
Zimbabwe government spending a ‘nightmare’
Government spending in Zimbabwe is a big concern while disunity regarding black empowerment is discouraging investment, says Tendai Biti.
Zim to probe foreign firms over ownership law
Zimbabwe is due to probe firms to establish their level of compliance with a law that forces them to sell at least 51% of shares to Zimbabwe locals.
Zimbabwe softens tone with foreign miners
Zimbabwe says it will not suspend any mining permits and exceptions may be made to laws requiring foreign miners to give majority stakes to locals.
Over 50 Zim mines face the axe, say reports
More than 50 foreign-owned mining firms risk losing their licences after failing to submit acceptable indigenisation plans, media reports say.