mining companies that have complied with the indigenisation policy in zimbabwe


  • Indigenisation law to affect more sectors in Zimbabwe

    On 25 March 2011, the Zimbabwean government published new regulations under the Indigenisation and Economic Empowerment Act, which required 51% of the shares of mining companies in Zimbabwe with a net asset value above US$1 to be ceded to indigenous Zimbabweans. Under the previous regulations, companies with a net …

  • Zimbabwe to compel mining companies to spend …

    BULAWAYO, April 27 (The Source) – Government is in the process of amending the indigenisation policy, which will see all mining companies compelled to spend 75 percent of their gross revenue locally, mines minister, Walter Chidakwa said on Thursday.

  • mining companies that have complied with the ...

    mining companies that have complied with the with the indigenisation policy in zimbabwe mining companies that have complied with the indigenisation policy in mining companies have already complied

  • Zimbabwe PM contradicts minister over mines - ft.com

    Morgan Tsvangerai, Zimbabwe’s prime minister, said that the state did not now own 51 per cent of all mining companies that have not yet complied with the country’s empowerment law, contradicting a statement by Saviour Kasukuwere, the country’s indigenisation minister. Responding to Mr ...

  • Zimbabwe's Indigenisation Intrigues | Mining

    The government holds up the Blanket gold mine as a success story for its indigenisation programme, but is now offering foreign-owned mining companies a softer option Critics say that Zimbabwe’s indigenisation drive is leading to a drying up of investment, but companies who have complied, like ...

  • Only one foreign bank not indigenised, Nhema - …

    Addressing a press conference in Harare on Wednesday, Indigenisation and Economic Empowerment Minister Francis Nhema said most of the foreign banks in the country had complied with the requirements. “All foreign banks operating in Zimbabwe save for one whose plan is still under consideration have complied with the country’s indigenisation ...

  • New Dawn amends indigenisation plan - DailyNews Live

    Other mining companies that have complied with Zimbabwe’s indigenisation policy — compelling foreign-owned companies to cede 51 percent shareholding to black Zimbabweans — include Unki, Mimosa, and Zimplats.

  • mining companies that have complied with the ...

    Zim-style indigenisation policy for Indonesia – Zimbabwe. INDONESIA has adopted a policy similar to Zimbabwe's indigenisation … Most big mining companies such as Mimosa, Zimplats and Unki have since complied …

  • Indigenisation: Zimbabwe says to shut down non …

    HARARE, March 23 (The Source) – Zimbabwe government will on April 1 shut down foreign-owned companies that have not complied with its empowerment laws which demand that they sell their shares to locals, youth and empowerment minister Patrick Zhuwao said on Wednesday.

  • Mining companies to pay dividend - NewsDay Zimbabwe

    FOREIGN-OWNED mining companies that complied with the country’s empowerment laws will this year pay out dividends to communities they save in a bid to meet Millennium Development Goals, indigenisation and empowerment minister Saviour Kasukuwere has …

  • Zimbabwean indigenisation regulations - Polity.org.za

    The 2011 Regulations have significantly altered the minimum threshold by requiring that the disposal of 51% of the shares in non-indigenous mining companies to designated entities will apply to all companies with a net asset value of more than US$ 1 ("qualifying non-indigenous companies"), drastically widening the scope of the indigenisation ...

  • Zimbabwe says foreign banks, miners fail to comply on ...

    HARARE, March 31 (Reuters) - Most foreign banks and mining companies in Zimbabwe have not complied with Thursday’s deadline to transfer majority shares to locals, a government minister said, but added that he expected them to start to do so within the next two weeks. Under Zimbabwe’s ...

  • Zimbabwe: National Indigenisation and Economic Empowerment ...

    THE National Indigenisation and Economic Empowerment Board says it will soon embark on an audit of foreign-owned companies to identify which of them have not complied with the indigenisation law requirements. This follows the realisation that the bulk of non-mining foreign firms have not complied ...

  • Three mines yet to submit indigenisation plans - The ...

    ONLY three foreign-owned mining houses — Metallon Gold Zimbabwe, New Dawn Mining’s Falgold, and Duration Gold — have not yet complied with the requirement they be 51% indigenously-owned, Youth Development, Indigenisation and Economic Empowerment minister Saviour Kasukuwere disclosed this week ...

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