Zimbabwe to impose equity deadline on foreign firms‎

2012-07-27 12

The government of Zimbabwe will decide on Tuesday how to deal with foreign firms that will not sell the majority of their shares to locals.

Multinationals in the country had until Sunday to submit their plans to comply with the Indigenisation and Empowerment Law.

The government says it is about black empowerment, but critics call it cronyism.

Al Jazeera's Khadija Magardie reports.

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