• Healthcare headache

    State healthcare strategies must be more than political posturing, says Mzwandile Jacks.

  • Buzzwords and truths

    Mandi Smallhorne discusses her beef with the terms 'savings' and 'entrepreneurship'.

  • No love lost for SA

    A new biography shows why Elon Musk has little affection for the brutal land where he grew up.

Loading...
See More

Zim equity: new investors may be exempt

Sep 20 2012 09:48
Malcom Sharara - Fin24's correspondent in Harare
Harare - Zimbabwean Indigenisation Minister Saviour Kasukuwere has said that there are 144 pieces of legislation in the country that undermine the empowerment process.

Speaking at the National Indigenisation and Economic Empowerment Board consultative meeting, Kasukuwere said it was necessary to review legislation to harmonise it with the indigenisation law.
 
The ministry of economic planning, headed by minister Tapiwa Mashakada, is in the process of drafting amendments to the Zimbabwe Investment Authority Act, which will include a clause that will exempt new foreign investors from indigenisation.
 
Kasukuwere said he was currently in discussion with Mashakada over the issue.  
 
He said that the empowerment policy was clear but the Global Political Agreement had its own challenges, adding there was a need for the ministry to redouble its efforts and “dig deeper and bite more”.
 
Kasukuwere said indigenisation was not an event but a process, which the government had given a five-year timeframe.

*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.
zimbabwe  |  indigenisation

 
 
 

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
2 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About...

Money Clinic

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

Voting Booth

Eskom’s decision not to give its staff bonuses is:

Previous results · Suggest a vote

Loading...