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Not too far from home!
It's a question of degrees. Or is it?
Foreign-owned companies in Zimbabwe said on Thursday they were assessing the likely effects on their business of a new law forcing them to give local owners majority holdings.
The Empowerment Bill, pushed through Parliament by the government on Wednesday, will give Zimbabweans a 51% stake in foreign firms, including the important mining and banking sectors.
More than 300 foreign-owned businesses are still operating in Zimbabwe and the legislation raised concerns that investment might dry up.
Some feared a repetition of government seizures of white-owned farms in 2000 to redistribute among inexperienced indigenous black farmers, a controversial move that economic analysts say led to the current economic crisis.
full story from M&G here
The Empowerment Bill, pushed through Parliament by the government on Wednesday, will give Zimbabweans a 51% stake in foreign firms, including the important mining and banking sectors.
More than 300 foreign-owned businesses are still operating in Zimbabwe and the legislation raised concerns that investment might dry up.
Some feared a repetition of government seizures of white-owned farms in 2000 to redistribute among inexperienced indigenous black farmers, a controversial move that economic analysts say led to the current economic crisis.
full story from M&G here