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Business , Financial and Property Indaba

Foreign and Nigerian businesses to face indigenisation law

by Afrik.com

Thu, Feb 18, 2010

A radical black empowerment lobby group, the Affirmative Action Group (AAG) has resolved to flush out all foreigners especially Nigerian businessmen in Zimbabwe by all means to pave way for locals.

IMF to meet on Zimbabwe voting rights on Friday

by Reuters

Thu, Feb 18, 2010

WASHINGTON, (Reuters) - The International Monetary Fund's board will consider whether to restore Zimbabwe's IMF voting rights in a meeting on Friday, an IMF spokesman said on Thursday.

Zimbabwe Reconsiders Black Ownership Law, Khupe Says

by Bloomberg

Thu, Feb 18, 2010

Zimbabwe will reconsider legislation aimed at forcing companies to sell more than half of their assets to black investors after the law frightened off investors, acting Prime Minister Thokozani Khupe said.

Zimbabwe inflation at -4.8 percent in January

by AFP

Thu, Feb 18, 2010

Consumer prices in Zimbabwe fell by 4.8 percent January, compared with the same month last year, but the downward trend was slower than in December, the government said on Thursday.

Minister urges dialogue on empowerment laws

by Zimonline

Wed, Feb 17, 2010

HARARE – Zimbabwe’s Tourism Minister Walter Muzembi on Tuesday urged Harare coalition partners to engage constructively on the country’s controversial empowerment laws announced last week compelling foreign-owned firms to cede controlling stake to locals.

Tongaat Hulett sees annual headline profit up 40-45 percent

Tue, Feb 16, 2010

South African sugar group Tongaat-Hulett Group said on Tuesday it expects full-year headling earnings per share to rise 40-45 percent year-on-year.

Kingdom Meikles Africa Limited De-Specified

by The Herald

Mon, Feb 15, 2010

Harare — KINGDOM Financial Holdings Limited and Meikles Africa Limited may soon relist on the Zimbabwe Stock Exchange after the Government last week de-specified Kingdom Meikles Africa Limited.

1000 Delegates Expected for Investment Summit

by The Herald

Mon, Feb 15, 2010

Harare — MORE than 1 000 local and international delegates converge in Harare today for the 5th Pan African Tourism Investment Summit and the International Conference on Investment Opportunities in Tourism and Related Sectors.

Treaty will protect South African investors in Zimbabwe

by IOL

Wed, Feb 10, 2010

A bilateral investment treaty signed recently between SA and Zimbabwe will protect future investors where expropriation and compensation are involved, a law firm said on Wednesday.

Tsvangirai rubbishes new Zimbabwe indigenisation law

Tsvangirai rubbishes new Zimbabwe indigenisation law

Tue, Feb 09, 2010

Harare - Regulations published Tuesday in Zimbabwe declaring that large companies must hand blacks a 51 per cent stake within five years were summarily dismissed as "null and void" by Prime Minister Morgan Tsvangirai.