THE indigenisation requirements gazetted by the government last year have been received with mixed feelings within various sectors of the economy. Debate has been mainly on how the policy should be implemented, with some arguing on the appropriateness of the policy in the current environment. Despite all the schools of debate, government has remained adamant on its legislation, and the mining sector was the first to experience it.

Currently, most operations have somehow complied with the requirements of the policy. With that almost dealt with, the Ministry of Youth Development, Empowerment and Indigenisation recently shifted its focus to foreign banks. Clashes have however occurred between the ministry and the RBZ, as both seem to have a different understanding of what the indigenisation of banks should entail.

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