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  • Mining Industry: Indigenisation Through the Back Door

    28/1/2021· Mining Industry : Indigenisation Through the Back Door. Last year’s Budget Bill the Finance (No. 2) Bill was published in the Gazette on the 14th December and three days later was passed by the National Assembly and the Senate with very little debate. Although our Bill Watch of 15th December alerting the public to the publication of Bill mentioned that it amended the Indigenisation

  • Return of indigenisation spooks the market NewsHawks

    23/1/2021· An analysis of Mnangagwa’s unexpected move to revert to Mugabe’s indigenisation policy on mining done by Manokore Attorneys, a local commercial law firm, raises important points and also ominous warnings about the dangers of the move. The analysis — on the next page — unpacks Section 36 of the Finance Act (No. 2) 2020 on indigenisation

  • Re-introduction of indigenisation in the mining sector

    28/1/2021· The effect of prescribing minerals under section 3(1) of the Indigenisation and Economic Empowerment Act will largely be to fence off sectors of the mining industry from foreign investment. If that is to be done at all it should be done by Parliament itself through an Act of Parliament after careful debate, rather than by a single Minister after consulting two other Ministers.

  • (PDF) Indigenisation and Economic Empowerment Policy

    The government does not want TNCs who own most of the large scale mines to take all the profits from mining out of the country.The Indigenisation and Economic Empowerment policy aims at empowering the blacks who are the majority. According to Smith, (2011), Indigenous Zimbabweans are persons who, before 18 April 1980, were disadvantaged by unfair discrimination on the grounds of their race

  • Govt beats hasty on indigenisation NewsHawks

    6/2/2021· This meant blanket indigenisation of mining had returned. An analysis of the unexpected move to revert to Mugabe’s indigenisation policy on mining done by Manokore Attorneys, a local commercial law firm, raised important points and ominous warnings about the dangers of the move. The analysis unpacked Section 36 of the Finance Act (No. 2) 2020 on indigenisation, promulgated in

  • Mining Industry: Indigenisation Through the Back Door

    28/1/2021· Mining Industry : Indigenisation Through the Back Door. Last year’s Budget Bill the Finance (No. 2) Bill was published in the Gazette on the 14th December and three days later was passed by the National Assembly and the Senate with very little debate. Although our Bill Watch of 15th December alerting the public to the publication of Bill mentioned that it amended the Indigenisation

  • Mining Industry: Indigenisation Through the Back Door

    A law firm, Manokore Attorneys, has issued a paper in which they say that section 36 opens the way for the wholesale indigenisation of the mining sector. The lawyers are correct, and they have performed a public service in drawing attention to the section: it is worrying because of its potential effect on the economy and also because of the surreptitious way it was enacted. Effect of the

  • Re-introduction of indigenisation in the mining sector

    28/1/2021· The effect of prescribing minerals under section 3(1) of the Indigenisation and Economic Empowerment Act will largely be to fence off sectors of the mining industry from foreign investment. If that is to be done at all it should be done by Parliament itself through an Act of Parliament after careful debate, rather than by a single Minister after consulting two other Ministers.

  • Mining Industry: Indigenisation Through the Back Door

    ECONOMIC GOVERNANCE WATCH 1/2021. Source: Mining Industry: Indigenisation Through the Back Door The Zimbabwean Mining Industry : Indigenisation Through the Back Door. Last year’s Budget Bill the Finance (No. 2) Bill was published in the

  • Govt beats hasty on indigenisation NewsHawks

    6/2/2021· This meant blanket indigenisation of mining had returned. An analysis of the unexpected move to revert to Mugabe’s indigenisation policy on mining done by Manokore Attorneys, a local commercial law firm, raised important points and ominous warnings about the dangers of the move. The analysis unpacked Section 36 of the Finance Act (No. 2) 2020 on indigenisation

  • Indigenisation: Miners in the dark over proposed

    THE Chamber of Mines says it has not received any “written communication” of proposed changes to the country’s indigenisation and economic empowerment laws. In a statement Wednesday, chamber

  • An Evaluation of Indigenisation Policy in Zimbabwe

    to protect mining communities and provide maximum value to Zimbabweans for their mineral resources (Murombo, 2010). This paper will critically discuss the indigenisation policy in Zimbabwe with specific reference to the mining sector and the Fast Track Land Reform Programme (FTLRP). This

  • The Indigenisation As A Construct Economics Essay

    Big mining companies such as Unki, Zimplats and Mimosa have since complied with the indigenisation regulations (zim.gov.zw, 2012). The Indigenisation and Economic Empowerment Act (chapter 14:33) and the supporting statutory instrument regulations related to notices clearly spell out that the programme is meant to benefit ordinary Zimbabweans who were previously disadvantaged by the settler regime.

  • (DOC) THE LIKELY EFFECTS OF INDIGENISATION POLICY

    The government recently announced that it has taken over the Vumbachikwe gold mine, one of the oldest gold mine, for failing to comply with the indigenisation policy. As the Economist magazine observed, the threats against the foreign mining companies seem reminiscent of a shakedown game: „the investors are terrorised with the imminent risk of closure, they are hit with various deadlines and

  • Effects of Indigenisation notice 9 of 2016 The

    Section 15 of the General Notice refers to General Notice 114 of 2011, which relates to the Mining Sector, but, as stated above, the latter is ultra vires and therefore of no force or effect, at least in its requirement that indigenisation shares must be disposed of to

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