Zimbabwe

Zim taskforce 'to raid foreign-owned shops'

2014-02-07 10:07

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Cape Town - The Zimbabwean government has reportedly put in place a taskforce to carry out raids across the country to ensure that foreign-owned retail shops abide by the country’s indigenisation law.

According to newzimbabwe.com, the taskforce - made up of indigenisation officials, police, local officials and key stakeholders - was set to make sure retail shops owned by foreigners had secured "indigenisation licences” as required by the law.

This follows last year’s government demand that all retail shops complied with the indigenisation law and obtained a certificate before the 1 January deadline.

Shop owners who failed to comply with the law faced fines or a maximum three months in jail, the report said.

Zimbabwe's controversial indigenisation law was put into effect in 2007 and stipulates 14 sectors of the economy where foreigners are not allowed to operate.

Chinese and Nigerian nationals form the bulk of foreign retail business owners in Zimbabwe.

- AFP

Read more on:    zimbabwe  |  southern africa
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