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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.
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
