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 Zim kills indigenisation law

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PosOnderwerp: Zim kills indigenisation law   Tue Apr 13, 2010 10:20 pm

Zim kills indigenisation law
2010-04-13 20:28
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Harare - Zimbabwe's government has withdrawn a controversial law that would have seen foreign firms forced to cede 51% of their shares to locals, an official said Tuesday.

Speaking after a cabinet meeting on Tuesday, a spokesperson for Prime Minister Morgan Tsvangirai said the government had declared the so-called indigenisation law "null and void".

"Cabinet is directed that the directives as announced in the law are null and void," James Maridadi told AFP.

"Cabinet has also instructed all the parties involved to go and consult more on the issue."

- SAPA

Read more on: southern africa | zimbabwe
http://www.news24.com/Africa/Zimbabwe/Zim-kills-indigenisation-law-20100413
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