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ZaminOz
What effect will this have on Zimbabwe's tourism sector and safari operators?

QUOTE
White business executives in Zimbabwe will be forced to ensure that blacks have a 51-per-cent controlling interest in their companies within the next five years, according to a draconian new law published Tuesday.

The so-called "Indigenisation and Economic Empowerment" regulations say that by mid-April, all businesses have to submit a form detailing the racial composition of their current shareholding to the government.


Article here: http://www.busrep.co.za/index.php?fArticleId=5345539
madaboutcheetah
Within the next 5 years ...... so, maybe there's still time for the Mugabe regime to end.
twaffle
More racism at work? Why should white Zimbabweans be discriminated against so much, surely the government can't still be trying to make amends for past injustices. I would have thought that taking away so much of the land would have been enough.

QUOTE
A yet-to-be-named "minister of indigenisation" would keep a list of candidates to whom shares could be ceded.


That would be totally unexceptable in most modern, well run countries. I wonder who is on the list? Actually, no I don't wonder at all.
twaffle
Sorry Zaminoz, I didn't answer your initial question. I have no idea what will happen to the tourism industry.
madaboutcheetah
QUOTE (twaffle @ Feb 10 2010, 04:37 AM) *
Sorry Zaminoz, I didn't answer your initial question. I have no idea what will happen to the tourism industry.


simple answer ........ camps of operators like WS more likely to be impacted.
ZaminOz
I would have thought that small owner operator type camps would be the ones most at risk. ie one owner does all the work but has to give more than half the income to someone else based on nothing more than their genetic makeup.

How long before "non-indigenous" Zimbabweans must sew a white star onto their clothes? I always thought that there was something familiar about Bob's moustache...
dikdik
Sounds very similar to Black Economic Empowerment or redistribution of wealth its all a system of quotas. Quotas in Sports, Quotas in Business, quotas in land ownership etc.

It all ends in window dressing, but is in fact just racism.

It can get quite ridiculous. For example - Eskom (the power provider in South Africa) has hired Black Americans to make up their quota. Chinese have also been included under the list of the previously disadvantaged.

Its bad news for Zimbabwe. Its not a good idea to divide people along racial lines again. It certainly will get the politicians votes and merely perpetuate the revival of racial differences in Zimbabwe.
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