Zimbabwe: 51 - 49 Rule Applies to All - Nhema

1 January 2014

No foreigner operating in reserved sectors for indigenous Zimbabweans under the Indigenisation and Economic Empowerment Act will be allowed to own more than 49 percent in those businesses, Youth, Indigenisation and Economic Empowerment Minister Francis Nhema has said.

This is in compliance with the Act that prescribes 51 percent ownership by indigenous Zimbabweans.

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