Investment beats indigenisation - Zim survey | Fin24
  • Rolling blackouts

    Power cuts could slash SA's GDP growth to just 0.3%, says market research firm Intellidex.

  • 'Really close to the edge'

    Eskom is being forced to operate without 40% of it nominal capacity, says energy analyst Chris Yelland.

  • Insurance Fraud

    Life insurers say the "buying and renting of dead bodies" to obtain fake certificates is popular.


Investment beats indigenisation - Zim survey

Mar 20 2015 08:41

Harare - Most Zimbabweans think foreign direct investment has a better chance of creating jobs and repairing the struggling economy than President Robert Mugabe's indigenisation programme, according to a survey released on Thursday.

Seventy-two percent of Zimbabweans believe foreign direct investment is a "better option", according to the survey by the Mass Public Opinion Institute in Harare.

Twenty-three percent of respondents said indigenisation was the best way of creating jobs.

The researchers polled 2 400 Zimbabweans in November 2014.

According to the Indigenisation and Economic Empowerment Act, all foreign or white-owned companies with a net asset value of more than US$500 000 must ensure 51% of their shareholding belongs to local black business people.

The opposition Movement for Democratic Change (MDC) opposes the programme, saying it scares away foreign investment.

The survey showed that support for foreign direct investment was only partly linked to political persuasions.

"An overwhelming majority (93%) of respondents who said they would vote for the MDC-T (Morgan Tsvangirai-led faction of the opposition) supported the strategy of foreign investment, compared to over half (53%) of Zanu-PF supporters," the survey said.

zimbabwe  |  africa economy  |  indigenisation


Read Fin24’s Comments Policy 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
Comments have been closed for this article.

Company Snapshot

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote