Zim foreign miner to reverse Mugabe’s indigenisation deal

2018-08-24 17:38

The Caledonia Mining Corporation has entered into a memorandum of understanding meant to help it regain control of its Zimbabwe-based subsidiary Blanket Mine.

Zim investments wilt amid regulatory uncertainty

2016-09-13 18:48

Zimbabwe is pleading with foreign investors to sink money into the economy, but many are deterred by the uncertain economic and political framework.

Nestlé battles drought, weaker currencies in southern Africa

2016-04-25 19:43

Nestlé's southern African operations have been affected by currency weaknesses, while it also has to support dairy farmers ravaged by the ongoing drought.

Zim probes Rio Tinto’s Murowa share disposal

2016-04-07 14:22

Zimbabwe is probing Rio Tinto’s disposal of its stake in two mines in Zimbabwe, charging that disposed shares were held offshore.

Zim talks tough on indigenisation laws

2016-03-24 20:05

Zimbabwe's indigenisation minister says he is prepared to take on the role of "sheriff" as the country prepares to cancel licences of non-compliant firms.

March deadline for foreign firms as Zim curbs investors

2016-01-05 12:24

Zimbabwe has put in place a March deadline for all foreign companies to submit compliance plans and has announced new restrictions on foreign businesses.

Mugabe laws deter investors - Zim official

2015-07-21 17:31

A senior Zimbabwean official says investment has been badly hit by President Robert Mugabe's laws limiting foreign ownership of businesses.

Investment beats indigenisation - Zim survey

2015-03-20 08:41

A survey shows most Zimbabweans think foreign direct investment has a better chance of reviving the ailing economy than the president's indigenisation programme.

Zim needs clarity on indigenisation laws

2014-11-28 07:39

Zimbabwe must provide "clarity" on its controversial indigenisation programme if it is to lure investors, says its Finance Minister Patrick Chinamasa.

Foreign banks bow down to Zim empowerment

2014-10-16 08:55

Indigenisation Minister Francis Nhema says all foreign banks operating in Zimbabwe, with one exception, have complied with the country’s indigenisation laws.


Zanu PF wants Mugabe to reverse sale of Barclays Bank of Zimbabwe

2017-06-02 16:06

The Zanu PF party wants President Robert Mugabe to reverse the sale of Barclays Bank of Zimbabwe to a Malawian bank, as the sale contravenes Zimbabwe's indigenisation laws.

Mugabe sues Zimplats - report

2016-07-12 10:37

President Robert Mugabe is reportedly suing Zimplats for objecting to the intended compulsory acquisition of 28 000 hectares of mining land held by the company.

Breather for banks as Mugabe clarifies indigenisation

2016-04-12 20:00

Foreign banks have been given a respite to their plans to comply with Zimbabwe's empowerment laws after President Robert Mugabe clarified confusion about the law.

Standard Bank Zim unit profitable amid indigenisation threat

2016-04-01 11:40

Standard Bank's Zimbabwe-based unit Stanbic Bank has reported 15% profit growth as the government reportedly said it will prosecute directors for non-compliance.

Zim govt pushes firms to comply with indigenisation act

2016-03-23 16:36

The Zimbabwean government has directed that from April all ministries should issue orders to licensing authorities to ensure compliance with indigenisation laws.

Zim to hike empowerment levy on foreign firms

2015-10-07 08:59

Zimbabwe's new indigenisation minister says the proposed 10% empowerment levy to fund indigenisation and economic empowerment will be raised to 12.5% in 2017.

Mugabe won't budge on mining compliance

2015-04-09 09:45

Zimbabwe’s indigenisation policy is open to negotiation, but there will be no compromise on the 51/49 percentage threshold for mining, says President Robert Mugabe.

Mugabe explains indigenisation policy

2015-01-29 09:15

Zimbabwe President Robert Mugabe has told a visiting French delegation that his controversial indigenisation policy 'only relates to resource-based operations'.

Zim 'willing to compensate white farmers'

2014-11-07 10:00

Zimbabwe is willing to compensate white farmers and clarify indigenisation laws to open the door for aid from Denmark, says Finance Minister Patrick Chinamasa.

Zim SABMiller unit can't hit 50% stake target

2014-09-05 12:45

Local shareholders are struggling to pay for the remaining 18% shareholding in SABMiller's Zimbabwean unit Delta Corporation to comply with empowerment laws.

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