Zimbabwe’s new Indigenisation minister says foreigners should feel lucky that they are getting such a large amount of shares in local businesses.
Zimbabwe’s new Indigenisation Minister Christopher Mushowe says foreign investors are “very lucky” to get 49% shares in businesses they have set up, the Herald newspaper reported on Wednesday.
In his first comments on President Robert Mugabe’s indigenisation policy since his appointment earlier this month, Mushowe said: “In fact 49% is the maximum [for foreign shareholding] and 51% is the minimum [for indigenous holding].”
Scare away foreign investment
Under the laws, whites and foreigners are obliged to arrange for locals to take over 51% of large companies they own. Critics say the regulations, which came into effect in 2010, scare away foreign investment.
“So it’s not cast in concrete that it’s 49%, it can be one percent because it is the maximum and 51% can be 99% because it’s the minimum,” the indigenisation minister reportedly said.
Mushowe’s comments appeared to be in direct response to hints from new vice-president Emmerson Mnangagwa earlier this week that the authorities would “relax” indigenisation laws.
Would-be investors have previously criticised the government for sending out conflicting signals on indigenisation.
Mushowe replaced former indigenisation minister Francis Nhema, who was sacked as part of Mugabe’s ongoing purge of ruling Zanu-PF party officials linked to Joice Mujuru, Zimbabwe’s first ever female vice-president, who was sacked for allegedly trying to oust the president. She and her allies deny the charge. – Sapa
21 Replies to “Foreign Investors ‘Lucky’ To Get 49% Business Shares in Zim – Minister”
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You are ALL TALK and NO ACTION ! Coward hiding behind FAKE names – I bet you wouldn’t talk so much SHIT in front of your BAAS ! Coward boy
You have a toilet bowl brain – in fact, you DO NOT have a brain! You are a stupid little boy!
It is people like you that Zimbabwe do not need. I will bet that you have stolen plenty in Zim. And a lot from the government, whose resources belong to the population.
Just as if the people have not suffered enough under Mugabe and crooks like you!
It is people like you that Zimbabwe do not need. I will bet that you have stolen plenty in Zim. And a lot from the government, whose resources belong to the population.
Just as if the people have not suffered enough under Mugabe and crooks like you!
Zpuffs like you are always caught buggering/bestiality on pigs donkeys chicken, that is when you are not stealing thieving plundering looting lying farting belching wanking raping child abusing wife-beating smoking mbanje murdering
Zpuffs like you are always caught buggering/bestiality on pigs donkeys chicken, that is when you are not stealing thieving plundering looting lying farting belching wanking raping child abusing wife-beating smoking mbanje murdering
When the superior whites conquered your stone age ancestors you hadn’t even invented the wheel. Beggars ladyboy zpoo-fs/zpuffs remain satanic inbred filthy vile pigs a complete utter failure. A laughing stock of gays . Go back to inspecting chiyangwas diseased anus, licking kasukuweres shrivel led one testicle,polishing mutswangvas turds. You are qualified for that. Obey me I am your boss little picannini
When the superior whites conquered your stone age ancestors you hadn’t even invented the wheel. Beggars ladyboy zpoo-fs/zpuffs remain satanic inbred filthy vile pigs a complete utter failure. A laughing stock of gays . Go back to inspecting chiyangwas diseased anus, licking kasukuweres shrivel led one testicle,polishing mutswangvas turds. You are qualified for that. Obey me I am your boss little picannini
Zpuff common thieves are backward lazy promiscuous vile black inbred pigs with pumpkin seeds in their neanderthal skulls
Zpuff common thieves are backward lazy promiscuous vile black inbred pigs with pumpkin seeds in their neanderthal skulls
Look at such conflicting statements from 3 men of the same regime. Ngwena says he will draft new investment laws next year to attract foreign investment, Kasukuwere says he still wants to grab more businesses and this one is saying something else. So does this regime know what it wants to do, it shows these people deal with business on an individual basis. Its come and talk to me and we see what we can do for you, we can grease a few hands in some offices and you are up and running.
And those you did not bribe will then start coming after you wanting to know how you set up your business in the first place, and when the guy you bribed leaves office you are in trouble.
so that is not investment and I bet you no one will ever set foot in Zimbabwe to invest. Look at what happened to the Ghanian guy who paid $6M to invest in diamond mining, he is still crying now.
“Foreign Investors ‘Lucky’ To Get 49% Business Shares in Zim – Minister”
Not just lucky, but extremely lucky.
However, when the white THIEVES have been plundering African properties FOR CENTURIES without incurring any costs or ‘push back’, the white THIEVES are of course going to think that if they have to pay a penny for African wealth, it would be a penny too much.
Instead of allowing the white THIEVES to plunder Africans resources in the name of so-called ‘foreign investors’, Africans must continue to ‘Look Inward’ & “Look East” for WIN-WIN business partners for Africans.
Otherwise, allow African wealth to ‘remain in the ground’, rather than having european THIEVES plunder one more penny of African wealth.
“Foreign Investors ‘Lucky’ To Get 49% Business Shares in Zim – Minister”
Not just lucky, but extremely lucky.
However, when the white THIEVES have been plundering African properties FOR CENTURIES without incurring any costs or ‘push back’, the white THIEVES are of course going to think that if they have to pay a penny for African wealth, it would be a penny too much.
Instead of allowing the white THIEVES to plunder Africans resources in the name of so-called ‘foreign investors’, Africans must continue to ‘Look Inward’ & “Look East” for WIN-WIN business partners for Africans.
Otherwise, allow African wealth to ‘remain in the ground’, rather than having european THIEVES plunder one more penny of African wealth.
Which would never be a bad thing for Zimbabwe; because those whom you are agitating for and whom you would style as so-called ‘investors’, ARE WHITE THIEVES & PLUNDERERS in Africa!
Notice how the Chinese never seek to rubbish Zimbabwe’s Indigenization?
And notice how it is only the pale homosexual devils who are opposed to Africans owning and control African properties, and deciding how much money FOREIGNERS can earn at Africans’ expense?
The pale devils, whom you are defending as so-called ‘investors’, have been plundering Africa FOR CENTURIES with impunity.
And those white THIEVES do think that Africans are rude to finally deciding how African resources are to be owned and controlled ….. BY AFRICANS!
Which would never be a bad thing for Zimbabwe; because those whom you are agitating for and whom you would style as so-called ‘investors’, ARE WHITE THIEVES & PLUNDERERS in Africa!
Notice how the Chinese never seek to rubbish Zimbabwe’s Indigenization?
And notice how it is only the pale homosexual devils who are opposed to Africans owning and control African properties, and deciding how much money FOREIGNERS can earn at Africans’ expense?
The pale devils, whom you are defending as so-called ‘investors’, have been plundering Africa FOR CENTURIES with impunity.
And those white THIEVES do think that Africans are rude to finally deciding how African resources are to be owned and controlled ….. BY AFRICANS!
It is obvious that Zanu PF does not want a good economy. I believe that they want poor citizens so that they can control them as they want to.
And the smart Zimbabweans? They are not wanted here by Zanu PF.
It is obvious that Zanu PF does not want a good economy. I believe that they want poor citizens so that they can control them as they want to.
And the smart Zimbabweans? They are not wanted here by Zanu PF.
Why would they waste their time coming to Zimbbwe in the first place. How can one invest 10k and then just give away 51% of it for nothing and remain with 49%. Hapana anouka ko. this is why Zimbabwe is in shit right now!!
Why would they waste their time coming to Zimbbwe in the first place. How can one invest 10k and then just give away 51% of it for nothing and remain with 49%. Hapana anouka ko. this is why Zimbabwe is in shit right now!!
its an attitude like that …that will get you no investors
its an attitude like that …that will get you no investors