Mugabe’s full statement on shift in indigenisation policy

President Robert Mugabe on Tuesday announced a new policy on indigenisation which most people thought was a major shift from the hardline stance that the government had so far insisted on.

The country’s indigenisation law requires that at least 51 percent of all foreign companies with a value of $500 000 and above to be in local hands.

The government has been forcing foreign companies to comply with this law and to come up with a timeline to fulfill this requirement.

Here is Mugabe’s statement in full.

President's Statement on Indigenisation 11 April 2016

(248 VIEWS)

Don't be shellfish... Please SHARE

Google

Twitter

Facebook

Linkedin

Email

Print