Monday, June 25, 2007

Zimbabwe tables bill to localise company ownership

(Reuters) - President Robert Mugabe's government is seeking to transfer majority control of "public companies and any other business" to black Zimbabweans, a move critics say could deepen the country's economic crisis.

A bill the government made public on Monday will be presented to parliament proposing indigenous black Zimbabweans will get at least a 51 percent share of those companies.


Read more at Reuters Africa

No comments: