Data provided by iNet BFA
Loading...
See More

New Zim nationalisation threat

Dec 17 2010 15:31 Sapa-AFP

Related Articles

Zimbabwe central bank to cut jobs

Zim market may boom in 2011

Zim govt shuns UK investors

Zim economy set for growth spurt

Zuma: Zim sanctions hurt progress

Zim economy gathers speed

 

Mutare - President Robert Mugabe told his party conference on Friday that British and US companies in Zimbabwe would be nationalised if sanctions against the country were not dropped.

"Why should we continue to have 400 British companies operating here freely?" Mugabe said to an audience of more than 4 000 Zanu-PF party members in the eastern city of Mutare.

"Why should we continue having companies and organisations that are supported by Britain and America without hitting back? Time has come for us to revenge," he said, referring to laws that allow him to take the companies over.

"We can read the riot act and say this is 51% we are taking and if the sanctions persist we are taking over 100%."

 
 

zimbabwe  |  robert mugabe
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
34 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

OneRandMan learns how money really works

National Savings Month is not only this month, it is every month from your very first salary slip, an expert warns OneRandMan and all South Africans.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...