Companero
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- Jul 12, 2008
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Zimbabwe forces foreign firms to give up majority stake
A new Zimbabwean law that forces foreign-owned companies to sell a majority stake in their businesses to indigenous people has come into effect.
Overseas-owned firms worth more than $500,000 (£332,000) will have five years to sell a 51% stake, upon the threat of jail sentences.
Source: http://news.bbc.co.uk/2/hi/business/8542966.stm
What is Tanzania waiting for - IPO from Barrick?
A new Zimbabwean law that forces foreign-owned companies to sell a majority stake in their businesses to indigenous people has come into effect.
Overseas-owned firms worth more than $500,000 (£332,000) will have five years to sell a 51% stake, upon the threat of jail sentences.
Source: http://news.bbc.co.uk/2/hi/business/8542966.stm
What is Tanzania waiting for - IPO from Barrick?