Business » Ndakaziva Majaka, Staff Writer
Saturday, 12 January 2013 10:27
HARARE - Impala Platinum Holdings (Implats)’s subsidiary Zimplats yesterday unveiled its indigenisation plan by ceding a 51 percent stake worth $971 million to locals. By signing an agreement or term sheet — outlining the implementation of its enhanced empowerment plan —...Read More
|
Business »
Wednesday, 09 January 2013 12:14
HARARE - Global resources group Rio Tinto says it expects to unveil its Murowa Diamonds indigenisation compliance plan when President Robert Mugabe resumes official duty next month. Mugabe — who is the key driver of the empowerment programme through his Indigenisation...Read More
|
Business » Ndakaziva Majaka, Staff Writer
Tuesday, 08 January 2013 11:33
HARARE - Indigenisation minister Saviour Kasukuwere says the snub of Barclays’ Zimbabwe unit in the merger of the group’s African operations with those of Absa Group has nothing to do with empowerment laws, but the institution’s internal affairs. This comes as...Read More
|
Business »
Tuesday, 18 December 2012 12:08
HARARE - Zimbabwe is making headway in indigenising the motoring industry, with authorities insisting every foreign-owned company should be majority-owned by locals. The National Indigenisation and Economic Empowerment Board (Nieeb) — a vehicle created to implement the indigenisation programme and house...Read More
|
News » Ndakaziva Majaka, Staff Writer
Saturday, 08 December 2012 13:39
HARARE - An official of Prime Minister Morgan Tsvangirai’s MDC has claimed that Zanu PF’s indigenisation policy is toxic. Speaking in London this week, Roy Bennett, MDC ’s ambassador to the United Kingdom took a swipe at the indigenisation policy and...Read More
|
Opinion & Analysis »
Thursday, 06 December 2012 11:15
HARARE - The current economic empowerment and indigenisation drive has generated a lot of interest among many Zimbabweans’ albeit from very divergent perspectives. While it is a norm that in any country, the natives of that particular land should have a...Read More
|
Business »
Tuesday, 20 November 2012 12:06
HARARE - Pretoria Portland Cement (PPC)’ s Zimbabwe unit Portland Holdings Limited (Portland) is considering investing close to $200 million in the construction of a new plant in the north eastern region, following its compliance with the country’s indigenisation law. The...Read More
|
Business » Roadwin Chirara, Business Editor
Friday, 02 November 2012 09:27
HARARE - Anglo Platinum's (Amplats) Unki Mine has agreed to cede a controlling 51 percent stake to locals, Indigenisation minister Saviour Kasukuwere has announced. “I am pleased that they have fully complied and we have managed to establish a win-win situation,”...Read More
|
Business »
Tuesday, 23 October 2012 12:19
HARARE - Only three mines in Zimbabwe are yet to table plans on how they will comply with the country’s 51 percent indigenisation programme, according to Saviour Kasukuwere, the firebrand Youth Development, Indigenisation and Empowerment minister. Zanu PF hawks, using the...Read More
|
News »
Tuesday, 23 October 2012 09:50
HARARE - Zimbabwe, like the majority of regional governments, has failed to realise meaningful benefits from the extractive industry due to poor revenue collection systems driven by selfish political agendas, a top Zambian mineral economist has said. Mathias Mpande said the...Read More
|
Business »
Friday, 19 October 2012 10:47
HARARE - Since it was launched over two years ago, Zimbabwe’s drive to force foreign businesses to give 51 percent of their shareholding to locals has never been especially popular with the Zimbabwean public. Just 19 percent approve of the indigenisation...Read More
|
Business »
Friday, 12 October 2012 11:39
HARARE - AIM-listed Caledonia Mining has completed the indigenisation of its Zimbabwe-based Blanket gold mine after securing approvals from the Reserve Bank of Zimbabwe (RBZ). The indigenisation deal, as outlined in a February memorandum of understanding with Zimbabwe’s Indigenisation minister Saviour...Read More
|
Business »
Saturday, 06 October 2012 14:11
HARARE - Tobacco processor British American Tobacco Zimbabwe (BAT) is set to launch an Employee Share Ownership Trust (Esot) as the company gears to comply with the controversial Indigenisation laws. Zimbabwe’s indigenisation and economic empowerment regulations gazetted in 2010 compel non-indigenous-owned...Read More
|
Business »
Friday, 05 October 2012 16:55
HARARE - Reckit Benkiser (RB) Zimbabwe managing director Agrippa Mandiwona (AM) spoke to businessdaily reporter Taurai Mangudhla (TM) in the side-lines of the company’s recent detergents donation to Chitungwiza Central Hospital. In this interview, Mandiwona talks about the company’s operations...Read More
|
Business » Taurai Mangudhla, Business Writer
Monday, 01 October 2012 13:19
HARARE - The local unit of London Stock Exchange-listed Reckitt Benkiser plc (RB) says it is still awaiting feedback on its indigenisation plan submitted to government. Although RB Zimbabwe managing director Agrippa Mandiwona could not be drawn to revealing the compliance...Read More
|