Zimbabwe threatens to prosecute firms flouting ownership law

From Economic Views from Zimbabwe Thu Nov 29 2012, 08:46:00

(AFP)-12 hours ago

HARARE -- Zimbabwe warned on Wednesday that foreign companies that fail to cede majority stakes to locals as required by a controversial law risk being prosecuted.

The Minister of Indigenisation and Economic Empowerment Saviour Kasukuwere said some businesses had ignored the law and reminded them to "realise the folly of what they are doing."

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