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Zimbabwe Audits Companies on Meeting Black Ownership Targets
Harare, Zimbabwe, Capital Markets in Africa — Zimbabwean government began an audit to examine whether foreign and white-owned companies are complying with the law, which required companies to sell or cede 51 percent ownership to black Zimbabweans. “We’re now in the process of checking which companies are in full compliance of our indigenization policy and will come up with a database of these companies,” Mathias Tongofa, the deputy indigenization and empowerment minister, told lawmakers late…
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