By Janet Shoko
THE AFRICA REPORT - 13 October 2014
The transfer is over a four year period.
President Robert
Mugabe's Zanu PF party is championing the policy, using a 2008 law that
requires all foreign firms, including mines and banks, to be
majority-controlled by local blacks.
Although Zanu PF campaigned on the platform of indigenisation,
critics say it is becoming increasingly clear the party is unable to
proceed after the polls with a programme continuously damaging the
economy, fuelling capital flight and keeping investors at bay.
However,
according to the National Indigenisation and Economic Empowerment Board
compliance report, 1,089 applications have been processed since 2010
with mining accounting for 398.
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