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Vol 49 No 7

Published 28th March 2008


Zimbabwe

Marking ballots, selling shares

Companies are watching the elections with a particular focus - the implementation of the Indigenisation and Empowerment Act. Announced by President Robert Mugabe on 7 March, the Act compels all foreign-owned companies (and many locally-owned ones) to sell 51% of their equity to indigenous Zimbabweans, those of African descent.

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