Excerpted from the Southern African Parliamentary Support Trust bulletin number 31:

Selective Application of the Indigenization Policy

Hon Fani Munengami (MDC-T Glen View North) enquired on whether it was government policy to apply the Indigenization Act selectively as Chinese companies appeared to be spared as evidenced by ZIMASCO in which the Chinese had 73% ownership. The House was informed that the law was not being applied selectively and ZIMASCO had submitted its proposal even though management was arguing for exemption on the basis that Chinese were friends of Zimbabwe.

This entry was posted on July 13th, 2012 at 3:41 pm by Bev Clark and is filed under Economy, Governance, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.