Zimbabwe: Diamond and Platinum Miners Lobby for the Scrapping of 51-49 Percent Law

The Chamber of Mines of Zimbabwe says it is engaging government with a view to pushing for the scraping of the 51-49 percent shareholding structure in the Platinum and Diamond sector.

Upon seizing power late last year, President Emmerson Mnangagwa amended the controversial Indigenisation Act which forced foreign owned businesses to cede 51 percent of their shares to Zimbabweans.

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